The California Public Employees Retirement System (CalPERS), the largest public pension fund in the U.S. in terms of assets, has grown its stake in Tesla (TSLA).
According to a Form 13F filing with the Securities and Exchange Commission (SEC) for the most recent quarter available, CalPERS owned 1,774,686 shares of Tesla at the end of the third quarter of 2021.
That is an increase of 29,077 shares from the previous quarter when the fund owned 1,745,60 shares.
According to the filing, that puts CalPERS’ stake in Tesla worth a little more than $1.376 billion), representing about 1% of their portfolio. (via tickerreport)
The fund has been adding to their position in recent years. In the third quarter of 2020 they purchased 38,373 additional Tesla shares to increase their investment to 1.69 million shares.
They have also cashed in on the meteoric rise in TSLA share prices in 2020. In early 2021, the fund sold some of their shares, reducing their position by 0.7% to about 1.75 million shares.
CalPERS isn’t the only large pension fund in the US to invest in Tesla.
In 2020 the New York State Teachers’ Retirement System (NYSTRS) bought 999,948 Tesla (TSLA) shares, worth at the time about $705 million.