Giant Fund Sells Apple, Tesla, Microsoft Stock. It Bought Walmart.

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An Apple Store. PSP Investments cut its Apple position in the second quarter.

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A giant Canadian pension recently made substantial changes in its U.S.-traded investments.

Public Sector Pension Investment Board cut positions in


(ticker: AAPL),


(TSLA), and


(MSFT), and bought more


(WMT) shares in the second quarter. PSP Investments, as the pension is known, disclosed the stock trades in a form it filed with the Securities and Exchange Commission.

PSP Investments, of Montreal, didn’t respond to a request for comment on the investment changes. It manages $180 billion in assets.

PSP Investments sold 680,541 Apple shares to end the second quarter with 3.2 million shares of the iPhone maker. Apple stock slid 23% in the first half of the year, compared with a 21% drop in the

S&P 500 index
So far in the third quarter, shares are up 25% while the index is up 12%.

Apple’s recent rise means it has the heaviest weighting of any stock in the S&P 500 since 1980.
Warren Buffett’s
Berkshire Hathaway (


) added to its Apple stake in the second quarter. Apple’s third fiscal quarter, reported at the end of July, was strong.

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