Canada's largest public pension surprised her stake in Tesla while reducing her holdings in General Motors in the fourth quarter of 2021.
Canada Pension Scheme Investment Board (CPPIB) bought Tesla's 368,706 shares to end the fourth quarter to bring 483,016 shares.
According to Baron's reporting, CPPIB revealed its business in a form filed with Securities and Exchange Commission.
On the other side of the coin, CPPIB sold 4.2 million shares of General Motors to end the year with 548,346 shares of American automotive.
At the top of these automotive tricks, the pension scheme sold some other major blocks of shares. CPPIB sold 1.4 million shares of Nvidia stock and sold 173,237 shares of General Electric.
This step is interesting, especially considering that General Motors is between a large scale step to electrify its lineup. However, clearly the CPPIB was tired of waiting for a refund and wanted to go to Tesla.
By December 31, 2021, CPPIB manages $ 433 billion in property. CPPIB is responsible for monitoring and monitoring and investing by Canadian Pension Plan.
CPPIB refused to comment on changes.
New York State Teachers Retirement System makes big bet on Tesla (TSLA), buying nearly 1M shares