Last mentioned: Mar 15, 2026
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.
Singapore’s state investment firm Temasek Holdings has reduced its exposure to financial services and fintech by trimming positions in MSCI Inc. and Payoneer Global. These moves reflect a broader strategic shift as the sovereign wealth fund rotates capital into enterprise software and natural resources.
Singapore’s sovereign wealth fund, Temasek Holdings, has significantly increased its equity positions in PDD Holdings and PepsiCo. The move signals a dual-track investment strategy that balances high-growth Chinese e-commerce with defensive US consumer staples.