Alibaba Group Holding Ltd (BABA)

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Big Pension Buys Up Alibaba...

Feb. 7, 2021 7:00 am ET

State Teachers Retirement System of Ohio materially lifted investments in Alibaba, Eli Lilly, and Cisco Systems, and halved holdings in Salesforce.com in the fourth quarter.

A large U.S. pension recently made big changes in its investment portfolio.

State Teachers Retirement System of Ohio materially lifted investments in Alibaba Group Holding (ticker: BABA), Eli Lilly (LLY), and Cisco Systems (CSCO) stock, and halved an investment in Salesforce.com (CRM). STRS Ohio, as the pension is known, disclosed the trades in a form it filed with the Securities and Exchange Commission.

STRS Ohio, which managed $79.8 billion in assets as of June 30, 2020, didn’t respond to a request for comment on the investment changes.

The pension bought 136,700 more Alibaba American depositary receipts in the fourth quarter to end 2020 with 342,134 ADRs fo the Chinese internet giant.


Alibaba ADRs rose 9.7% in 2020, and so far in 2021, through Friday’s close, they have gained 14.2%. In comparison, the S&P 500 index gained 16.3% last year, and this year has risen 3.5%.

https://www.barrons.com/articles/pension-buys-up-alibaba-stock-lilly-cisco-salesforce-51612454514