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According to transaction data from SWFI.com, sovereign funds and large public pensions increased direct purchases of listed exchange-traded funds (ETF) in recent years. ETFs are a way sovereign funds can make short-term to medium plays on sector, asset class, or country bets. For example, Saudi Arabia’s Public Investment Fund (PIF) bought a number of SPDR […]
DIRECT EQUITY: Large Public Pensions Went GAGA for Apple Stock in 2020 Posted on 12/23/2020 According to SWFI transaction data, large public pensions and sovereign wealth funds directly invested over US$ 17.7 billion into Apple Inc. (NASDAQ: AAPL) versus roughly US$ 2.105 billion. SWFI cannot capture every public pension fund’s listed equity transactions, but the amount is a sample that has been collected through various time periods. A sample of the public pensions include CalPERS, CalSTRS, CPP Investments, and PSP Investments. As of December 23, 2020, Apple Inc. has a market capitalizati...