Canada’s Largest Pension Slashes Bets on Electric Vehicles, Sells Apple Stock
Canada’s Largest Pension Sells Apple, Tesla, NIO, XPeng, Li Auto Stock | Barron’s
Canada’s largest pension fund by assets under management recently made striking changes in its investments in
and four prominent electric-vehicle makers.
Canada Pension Plan cut its stake in Apple stock (ticker: AAPL), nearly halved an investment in
(TSLA), and nearly wiped out holdings in Chinese EV makers
(LI) in the third quarter. Canada Pension Plan Investment Board, known as CPP Investments, which manages the pension, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.