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California's Largest Pension Fund Shifts Portfolio: Exits Apple, Enters Meta, AMD, and McDonald's
2025-05-27 /
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Author：小编
During the first quarter, the California Public Employees' Retirement System (CalPERS), the largest pension fund in the United States, notably trimmed its Apple holdings by 5.1 million shares, bringing its total stake down to 34.7 million shares. With assets exceeding $540 billion under management, this move might signal a waning confidence in Apple among major institutional investors, further escalating market apprehensions. Amid factors like tariffs, Apple's share price declined by 11% in the first quarter and an additional 12% in the second quarter.
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