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The largest pension fund in the U.S. stock market sells Apple, buys Meta, AMD and McDonald's

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The largest pension fund in the U.S. stock market sells Apple, buys Meta, AMD and McDonald's

Source: Wall Street News

**Apple Dealt Another Blow: Largest U.S. Pension Fund Slashes Apple Stake in Q1**  


According to filings with the U.S. Securities and Exchange Commission (SEC), the California Public Employees' Retirement System (CalPERS)—the largest U.S. pension fund—sold off 5.1 million shares of Apple in Q1, reducing its holdings to 34.7 million shares.  


With over $540 billion in assets under management, CalPERS' move to offload Apple stock signals waning confidence among major institutional investors and exacerbates market concerns about Apple's outlook.  


Amid tariff pressures, Apple's stock underperformed in Q1, dropping 11%, and the situation worsened in Q2 with an additional 12% decline.  


**Trump's Criticism Adds to Investor Worries**  

Recent criticism from former President Donald Trump regarding Apple's overseas manufacturing may further unsettle investors. As previously reported by Wall Street Journal, Trump earlier this month expressed dissatisfaction with Apple building factories in India rather than the U.S. On May 23, he threatened to impose a 25% tariff on iPhones imported from foreign factories, further pressuring Apple's stock.  


**CalPERS Bets on Meta, AMD, and McDonald’s**  

While reducing its Apple stake, CalPERS added 579,150 shares of Meta, bringing its total holdings to 5.5 million shares.  


Though Meta’s stock dipped 1.6% in Q1, it has rebounded 8.8% so far in Q2. Notably, Meta recently pledged to tackle "rampant scams" on its platforms, signaling proactive steps to address regulatory concerns and user experience issues.  


The pension fund also increased its AMD holdings by 325,180 shares in Q1, totaling 3.3 million shares. Despite a 15% drop in AMD’s stock during Q1, it has since recovered 7.4% since March. On May 14, AMD expanded its share buyback program and secured a deal to build an AI computing center network in Saudi Arabia, highlighting its accelerating strategic push in AI.  


Additionally, CalPERS purchased 494,290 shares of McDonald’s in Q1, raising its stake to 3.5 million shares. McDonald’s stock rose 7.8% in Q1 and has remained stable in Q2, demonstrating resilience during market volatility.  


The fast-food chain reported mixed Q1 earnings on May 1, with U.S. foot traffic declining year-over-year. However, sales this quarter have been buoyed by a promotional tie-in with *The Minecraft Movie* kids' meals.  


Disclaimer: The views expressed in this article only represent the personal views of the author and do not constitute investment advice from this platform. This platform does not make any guarantees regarding the accuracy, completeness, originality, and timeliness of the information in the article. Nor does it assume any liability for any losses arising from the use of or reliance on the information in the article.

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