Adding Apple, reducing Tesla, and investing in "Wei Xiaoli"! Canada's largest pension fund makes a 180-degree turn.
CPP Investments increased its holdings in Apple by 255,943 shares in the first quarter, bringing its total holdings to 760,518 shares. The company also significantly reduced its holdings in electric vehicle manufacturers, including Tesla and NIO.
In the first few months of 2023, Canada's largest pension fund investment institution was more optimistic about Apple than electric vehicles.
They bought Apple stocks in the first quarter and significantly reduced their holdings in electric vehicle manufacturers such as Tesla, NIO Inc. USD OV, Xiaopeng, and Li Auto.
CPP Investments increased its holdings in Apple by 255,943 shares in the first quarter, bringing its total holdings to 760,518 shares.
In addition, the fund significantly reduced its holdings in electric vehicle manufacturers, cutting its holdings in Tesla, NIO-SW, and Xiaopeng from 960,000, 2.3 million, and 621,300 at the end of 2022 to 450,000, 1.6 million, and 61,000, respectively, and liquidated nearly 540,000 shares of Li Auto.
It is worth noting that Apple, Tesla, NIO-SW,