Nic(@puckrin):The largest pension fund in the US just cut its Mag 7 exposure by 26%! Calpers, the $640B giant, is rotating out of Big Tech. Its view is that markets are concentrated in a handful of over valued names. Hedge funds sold first. Pension funds are following.

Nic

@puckrin

Joined May 2012

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Nic@puckrin

2026.10.26 05:27

The largest pension fund in the US just cut its Mag 7 exposure by 26%! Calpers, the $640B giant, is rotating out of Big Tech. Its view is that markets are concentrated in a handful of over valued names. Hedge funds sold first. Pension funds are following.