According to Barron’s, the repo sold 864,478 Apple shares in the third quarter (after a 4-to-1 split in August), bringing its total down to 9.8 million. The public pension fund is one of the largest in the United States, with $ 80.9 billion in assets under management.
The financier news outlet ranks Apple among its top 10 stocks for 2021 due to high expectations for 5G phone sales, while reserving skepticism about the electric vehicle projects reported by the company.
STRS Ohio also reduced its holdings of Tesla shares to 316,583 after selling 41,987 shares (also after a 5-to-1 split in August).
Meanwhile, the fund bought 750,442 GM shares, bringing its total to 2.8 million, and increased Alibaba’s total number of U.S. certificates of deposit to 205,434 with the purchase of 46,700 ADR.