Largest U.S. Pension Sold GE Aerospace and Tesla Stock, Bought AT&T and Costco
Portfolio Pulse from
Calpers, the largest U.S. pension fund, sold its holdings in GE Aerospace and Tesla, while increasing its investments in AT&T and Costco during the third quarter.
November 24, 2024 | 8:15 am
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NEGATIVE IMPACT
Calpers sold its holdings in GE Aerospace, indicating a potential lack of confidence or strategic shift away from this sector.
The sale of GE Aerospace shares by a major institutional investor like Calpers could lead to a short-term negative impact on the stock price due to perceived lack of confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Calpers sold its Tesla shares, which might suggest a reevaluation of its position in the electric vehicle market.
The divestment from Tesla by Calpers could be seen as a bearish signal, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Calpers bought more Costco shares, reflecting a positive outlook on the retail giant's performance.
The acquisition of more Costco shares by Calpers indicates confidence in the company's growth, likely resulting in a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Calpers increased its investment in AT&T, indicating confidence in the company's future performance.
The purchase of additional AT&T shares by Calpers suggests a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80