Last mentioned: Mar 15, 2026
The California Public Employees Retirement System (CalPERS) has significantly expanded its position in Salesforce Inc., signaling strong institutional confidence in the software giant's AI-driven growth and capital return strategies. This move reflects a broader thematic rotation by the nation's largest pension fund into high-margin enterprise technology leaders.
The California Public Employees Retirement System (CalPERS) has significantly expanded its position in ServiceNow, acquiring 62,346 additional shares of the enterprise cloud leader. This move underscores growing institutional confidence in ServiceNow's 'platform of platforms' strategy and its aggressive integration of generative AI into core business workflows.
The California Public Employees Retirement System (CalPERS) has expanded its position in ServiceNow, Inc., acquiring 62,346 additional shares. This move by the nation's largest public pension fund underscores a significant institutional shift toward enterprise software leaders positioned to monetize generative AI.