The Retirement Systems of Alabama, the administrator of the pension fund for employees of the state of Alabama, loaded up on shares of Tesla Inc TSLA and Home Depot Inc HD during the third quarter of this year, according to Whale Wisdom.
According to the website, the fund has added over 50,000 shares of the EV-maker taking the value of its holdings to over $332 million during the quarter. Tesla shares lost close to 7% in the last month. The EV maker’s China sales slowed in October with the company having sold 71,704 made-in-China, or MIC, cars in the month, down 13.8% from 83,135 cars sold in September.
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Tesla, however, reportedly dominated the China International Import Expo (CIIE) that commenced on Saturday in Shanghai, despite its new models on display not yet being available to mainland buyers.
The pension fund also bought over 200,000 shares of Home Depot, taking the valuation of its holdings to over $152 million. Shares of the home improvement retail giant have been trading flat over the last month.
The company’s retail workers voted against forming a union at a location in Pennsylvania, reported Reuters, citing the U.S. National Labor Relations Board.
Major Sale: The fund offloaded its entire holdings of Raytheon Technologies Corp RTX, having sold over 1 million shares of the company that were valued at over $106 million according to the June 13 F filing of the fund.
Apple Inc AAPL and Microsoft Corporation MSFT are among the top holdings of the fund, according to Whale Wisdom.
Image and article originally from www.benzinga.com. Read the original article here.