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California Public Employees' Retirement System (CalPERS), the largest public pension fund in the United States managing $540 billion in assets, sold 5.1 million shares of Apple Inc. in the first quarter of 2025, reducing its stake to 34.7 million shares. This divestment is attributed to concerns over the impact of the US's 145% tariff on Chinese goods, which took effect in April 2025. Concurrently, CalPERS increased its holdings in Meta Platforms, Advanced Micro Devices (AMD), and McDonald's. Additionally, AdvisorShares/Gerber Kawasaki's $GK ETF adjusted its portfolio for the week ending May 23, 2025, adding shares of Apple (300), JPMorgan Chase (100), Meta (100), and Costco (25).
Top U.S. Pension Fund Dumps Apple Amid Tariff Fears, Global Funds Follow Suit America’s largest public pension fund, CalPERS, slashed its Apple holdings by 5.1 million shares in Q1 2025, bringing its stake down to 34.7 million shares. This significant move reflects rising
America’s largest pension fund, CalPers (California Public Employees Pension) which manages $540 Billion, sold its stake in $AAPL and purchased shares in $META , $AMD and McDonald’s.
Maior fundo de pensão dos EUA vende ações da Apple e compra Meta, AMD e McDonald’s no 1º trimestre https://t.co/7w8tP9qMQY
