Largest Pension Fund Supports The Apes
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
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Dumb Money w/ Matt Kohrs
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Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#AMC #GameStop #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Folks, folks, folks, you know my opinion um, i love covering any updates related to amc and jimmy where there are those updates some days, there's quite a few other days, there's not many, but today i have a very, very interesting one related to one of the world's Largest pensions funds, getting more amc, getting more gme, let's get into the details of that story and the specific numbers i'm going to share those all with you. This is just coming out of the most recent 13f filings, uh, pretty pretty exciting, to see large money still supporting amc, jimmy and obviously some various other stocks, and here are the details right here: largest u.s pension bought amc, gamestop and berkshire hathaway stock. Here's what it sold the largest public pension in america, the largest public pension in america, loaded up on some volatile stocks invested more in warren buffett's, firm and trimmed the position in a slipping software stock. In the fourth quarter, the one that ended december 31st, a california public employees, retirement system more than quadrupled more than 4xed its investment in amc and gamestop, two high-profile meme socks and dramatically lifted its holdings in berkshire, hathaway buffett's investment, firm and probably the polar opposite of Meme suck so the fact that it went in on both - i don't know you could take away what you want from that.
I do find it to be noteworthy. Just so. You know the world america's public pension, the biggest one. It manages 400 480 billion, with a b in assets more than any other public pension in the us.
Now, obviously, that's exciting stuff, that's quite a bit of an increase, but sometimes when you're just saying 4x. Well, if you own 10 shares and you forex it now. Okay, what are you at 40 50. um? So i wanted to give you the specific numbers of what's going on and they're pretty sizable, so right here, california, public employees, retirement system - this is the 13f.
This is the one ending december 31st. Remember it's always for the previous quarter. Well, if you go on fintel, you can kind of see what they're in they own over 1 200 distinct equities, and i just wanted to show you amc right here. So in the last quarter they owned 116 000 and obviously they more than 4x forex.
All the way up to 619 000 of amc and remember pensions are not really active. Traders they're not like buying and selling day in and day out, pensions are very well known to be a little bit more of okay they get in and they hold they're. Looking for a nice return on that and like it's a little bit more of a medium to long term type of play, you're not really commonly hearing about pensions that are actively trading. So that's amc, an interesting uptick there and then on gme.
They went from just under 15, 000 to 85, so another noteworthy increase on gme. Once again, this is all from the filing of the 13f that ended december 31st. California, public employees, retirement system. You can find this data if you want it's the us's biggest pension and it is loading up on amc, gme, apparently berkshire hathaway, and if you are curious about the one that it sold off, it is palantir ticker, symbol pltr. So i just wanted to share that news with you, obviously, with my own financial interest in intertwined with amc and jimmy. I hope that clearly, this pension fund is absurdly right and is about to make a nice chunk of change off of this investment just wanted to quickly share that. With all of you, you.
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