Benzinga
Ohio Teachers Pension Fund bought GM, Alibaba and sold Tesla, Apple in the third quarter
Ohio State Teachers Retirement System, or STRS Ohio, downloaded some shares of Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL) and took up more shares of General Motors Company (NYSE: GM) and Alibaba Group Holding Ltd – ADR (NYSE: BABA) in the third quarter, reported Barron’s. What happened: According to Barron’s, the pension sold 864,478 Apple shares in the third quarter (after a 4-by-1 split in August), which reduced its total to 9.8 million. The public pension fund is one of the largest in the United States, with $ 80.9 billion in managed assets. The financial news medium ranks Apple among its top 10 stocks in 2021, due to high expectations for sales of 5G phones, while booking skepticism about the company reported plans for electric vehicles. STRS Ohio also reduced its holdings in Tesla shares to 316,583 after the sale of 41,987 shares (also after a 5-by-1 split in August). Meanwhile, the fund bought 750,442 shares of GM, bringing its total to 2.8 million. And it increased its total number of American depositary receipts from Alibaba to 205,434 with the purchase of 46,700 ADRs.YTD Performance: At the end of this week’s trading session, the share prices of these four companies were up this calendar year: * Apple is high 75.75%. * Tesla increased by 669.05%. * GM increased by 11.24%. * Alibaba rose 1.01%. Image source: Unsplash.comSee more from Benzinga * Click here to switch between Benzinga options * Rules of the German Court Tesla must stop cutting trees in parts of the Berlin Gigafactory website * Tesla closes Fremont lines for S, X De 24 models December to January 11 (C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.