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Benzinga
Benzinga
Technology
Shanthi Rexaline

Largest US Pension Fund Sold FAANG Stocks In Q1: Which Chip Stock Did It Buy Instead?

CalPERS United States Nasdaq SEC AMD Apple Netflix

The largest pension fund in the U.S. reduced its FAANG holdings in the first quarter amid the tech rout at the start of the year, the 13-F filed with the SEC late Wednesday revealed.

FAANG Loses Favor: The California Public Employees' Retirement System, aka CalPERS, sold shares in all FAANG names in the first quarter, with the percentage of cutbacks ranging from about 6% to 24%.

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