Apple(US:AAPL) Hua Er Jie Jian Wen·2025-05-27 01:26Group 1 - The California Public Employees' Retirement System (CalPERS) significantly reduced its holdings in Apple by selling 5.1 million shares, bringing its total to 34.7 million shares, indicating a potential decline in institutional investor confidence in Apple [1] - Apple's stock price has been under pressure, experiencing an 11% decline in the first quarter and an additional 12% drop entering the second quarter, largely due to tariff impacts [1] - Former President Trump criticized Apple's decision to build factories overseas, which may further exacerbate investor concerns, especially with his threat of imposing a 25% tariff on iPhones imported from overseas factories [3] Group 2 - In contrast to its reduction in Apple shares, CalPERS increased its stake in Meta by 579,150 shares, totaling 5.5 million shares, despite a slight 1.6% decline in Meta's stock in the first quarter [4][5] - CalPERS also added 325,180 shares of AMD, raising its total to 3.3 million shares, with AMD's stock rebounding by 7.4% since the end of March after a 15% drop in the first quarter [6] - Additionally, CalPERS purchased 494,290 shares of McDonald's, increasing its holdings to 3.5 million shares, with McDonald's stock rising 7.8% in the first quarter and remaining stable in the second quarter despite mixed first-quarter results [6]