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2021-05-25
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","text":"Pltr!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138824305","repostId":"1185860184","repostType":4,"repost":{"id":"1185860184","kind":"news","pubTimestamp":1621926092,"share":"https://ttm.financial/m/news/1185860184?lang=en_US&edition=fundamental","pubTime":"2021-05-25 15:01","market":"us","language":"en","title":"GameStop, Palantir, Alibaba — Stocks Largest US Pension Fund Sold In Q1. 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Here's What It Bought Instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 15:01 GMT+8 <a href=https://www.benzinga.com/news/21/05/21270270/gamestop-palantir-alibaba-stocks-largest-us-pension-fund-sold-in-q1-heres-what-it-bought-instead><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The largest U.S. pension fund by assets sold nearly all its investment in Chinese e-commerce giant Alibaba Group Holding Limited and also cut its stake in videogame retailer GameStop Corp. in the ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21270270/gamestop-palantir-alibaba-stocks-largest-us-pension-fund-sold-in-q1-heres-what-it-bought-instead\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","GME":"游戏驿站","BABA":"阿里巴巴","PLTR":"Palantir Technologies Inc.","ZM":"Zoom"},"source_url":"https://www.benzinga.com/news/21/05/21270270/gamestop-palantir-alibaba-stocks-largest-us-pension-fund-sold-in-q1-heres-what-it-bought-instead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185860184","content_text":"The largest U.S. pension fund by assets sold nearly all its investment in Chinese e-commerce giant Alibaba Group Holding Limited and also cut its stake in videogame retailer GameStop Corp. in the recent first quarter, while increasing its holding in Zoom Video Communications Inc. .What Happened: California Public Employees’ Retirement System, also known as Calpers, announced the investment changes in a regulatory filing.Calpers drastically trimmed its stake in Alibaba to 251,815 American depositary receipts (ADR) in the first quarter from 4.36 million ADRs at the end of the preceding fourth quarter of last year. Alibaba is facing increasedregulatory scrutinyin China.The pension fund also cut its stake by more than half in the “meme” stock GameStop, to 57,700 shares from 134,913 shares and in Palantir Technologies Inc. to 547,154 shares from 1.27 million shares at the end of the previous quarter.Calpers initiated a stake in Chinese electric vehicle maker Xpeng Inc. by acquiring 259,241 shares during the first quarter.Calpers increased its stake in video conferencing service Zoom Video Communications, which benefited amid the pandemic-induced lockdowns last year, to 930,773 shares from 702,737 shares at the end of December 2020.Why It Matters: Calpers’ investment changes assume significance as it is the largest U.S. pension fund by assets.Calpers pension fund serves more than 2 million members in the CalPERS retirement system and administers benefits for more than 1.5 million members as well as their families in the pension fund’s health program.Calpers’ total fund market value currently stands at $461.47 billion.","news_type":1,"symbols_score_info":{"BABA":0.9,"GME":0.9,"XPEV":0.9,"PLTR":0.9,"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":2625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
