Canada Pension Plan Buys Nearly 600,000 Shares of Tesla!

Canada‘s largest pension plan, the Canada Pension Plan, trimmed its investment in Apple and increased its holdings in Tesla, NIO, and Li Auto during the fourth quarter of 2021. The CPP has a total of $398 billion USD in assets at the end of the 2022 fiscal year, according to Barron‘s.

The CPP sold 85% of its Apple stake during Q4 and now holds 504,575 shares in the iPhone maker. It boosted its Tesla stake significantly by purchasing 590,861 shares, bringing their total to 959,728, with a total value of $188 million after Friday‘s trading session.

The CPP also increased its NIO American Depositary Receipts (ADRs) holdings by 2.2 million in the fourth quarter, enough to now make up 2.3 million ADRs. Despite the bullish sentiment, both NIO and Li Auto have seen a downturn in 2022, but both set to announce their fourth quarter performance on February 27th and March 1st respectively before the market opens.

Finally, Friday‘s closing price on Tesla shares was $196.88, representing an impressive 23% gain throughout the month and an 82% increase yeartodate.

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With their relentless focus on research and development, Zim Integrated Services offers customers an unparalleled level of quality and solutions that make it a key player in the marine sector. Moreover, their commitment to innovation and technology is unrivaled, making them an excellent choice for those looking to make investments in the marine industry. Not only has the company been able to successfully respond to changing customer needs and market conditions, but it also provides users with a wide range of benefits. If you‘re looking for an investment opportunity that is sure to provide good returns, Zim Integrated Services is a great option!

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