Four of the five gun retailers CalPERS invests in, including Dick's Sporting Goods and Walmart, have already stopped selling assault weapons and devices like bump stocks. The pension fund in California, which severely restricts the sale and possession of assault-style weapons, has a total value of $354 billion. The fund approached all five companies in the fall, asking them to stop selling assault weapons and devices such as bump stocks. Divestment initiatives had cost the pension fund more than $8 billion as of June 2017, according to a fund memo. The state's teacher pension fund will present research on its holdings in gun retailers in May.

Source: ABC News March 19, 2018 17:19 UTC