The largest pension in the United States bought AMC and GameStop speculative stocks

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(Morning News) The largest pension in the United States has recently bought Berkshire Hathaway, which is buying a stock god.Kim ’s buying fluctuations is extremely large -scale: cinema chain store AMC and video game retailer Gamestop.

According to Barron's Report, in the fourth quarter of last year, California Public Employees'RETIREMEM (Calpers), AMC and Gamestop,The investment in the high -profile cause of stocks has increased by more than four times.

Calpers Pension revealed these transaction details when they reported to the US Securities and Exchange Commission (SEC).According to the reported form, the pension also greatly improves its stock in Berkshire Hathaway.In the eyes of investors, these two types of stocks are simply incompatible. How can

According to the report in the investment portfolio of the same fund, Calpers refused to make a conversation on investment changes.The $ 480 billion asset it manages is the largest pension in the United States.

Calpers purchased a total of 500,000 AMC shares in the fourth quarter to increase its shares in AMC to 619,400 shares.The pension also bought another 70,000,600 Stocks at the end of this quarter to increase the holdings of Gamestop to 85,400 shares.

In this quarter, Calpers also bought 1.7 million Berkshire Hathaway B shares, which increased the total holdings to 5.6 million shares.The pension sold 382,239 Palantir shares at the end of the same quarter.The pension currently holds 3.2 million shares of the software company.

Since the beginning of the year, the stock price of GameStop has fallen 31.31 US dollars or 20.49 %, and a closure of US $ 121.53 last Friday.AMC's stock price was worse. This year, it fell a total of $ 8.62 or 32.50 %, closing the market at 17.90 last Friday.Fortunately, Berkshire Hathaway B's B shares starting a total of $ 14.01 or 4.66 % this year. Last Friday, it closed at 314.80 to make up the loss of some investment portfolios.

Although the pension that has always been steady in the eyes of investors is all in terms of investment selection, although CALPERS has made a decision to buy the stock factory, it is a bit strange.The "unconventional 'investment decision made.

According to the information, in 2000, Calpers sold its stock in the tobacco company and implemented a limited ban on investing in tobacco -related companies, but at the same time, it was a marijuana manufacturerInvestment, its "investment moral standards" seem to be a bit ambiguous.