Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

A Giant Fund Bought More Apple, AMD, and Equinix Stock. Here’s What It Sold.

by
November 8, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Text size

Dutch pension giant PGGM loaded up on Apple, AMD, and Equinix stock in the third quarter. It cut an investment in Simon Property Group.

Chris McGrath/Getty Images

A giant pension made major changes in its U.S.-listed stock investments.

PGGM of Zeist, Netherlands, bought more

RELATED POSTS

George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve

China and Europe are leading the push to regulate A.I. — one of them could set the global playbook


Apple

(ticker: AAPL) stock, and materially added to investments in


Advanced Micro Devices

(AMD) and


Equinix

(EQIX) in the third quarter. The pension also slashed a third of its stake in


Simon Property Group

(SPG) during the quarter. PGGM disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.

PGGM didn’t respond to a request for comment on the investment changes. It managed $314 billion in assets as of Dec. 31, 2020.

The pension bought 502,160 more Apple shares to end the third quarter with 4.7 million shares of the iPhone maker. Apple stock managed a 6.6% gain in the first nine months of 2021, and so far in the fourth quarter shares are up 6.9%. For comparison, the

S&P 500 index
rose 14.7% in the first nine months, and is up 9.1% so far in the fourth quarter.

Apple’s fiscal-fourth-quarter sales, reported last week, were disappointing, but supply seems to be the problem, not demand. Shares slid, as the company ceded the title of most valuable public company to


Microsoft

(MSFT).

Newsletter Sign-up

The Barron’s Daily

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Barron’s and MarketWatch writers.

PGGM bought 389,876 more AMD shares to end September with 406,762 shares of the chip maker. AMD stock rose 12.2% in the first nine months of the year, and so far in the fourth quarter shares are up 32.5%.

AMD’s third-quarter report set records, while


Intel

‘s (INTC) disappointing quarter had sent AMD shares rising. AMD bulls raised price targets on the shares. At least one observer says AMD stock could be hurt when the chip shortage ends.

Equinix stock rose 10.6% in the first nine months of 2021, and so far in the fourth quarter shares of the data-center landlord are down 1%. Barron’s was bullish on the stock in January, and noted that the company was “the largest and arguably best-positioned data-center owner.” In May, Equinix was issuing so-called green bonds to fund projects related to renewable energy and waste management.

PGGM bought 239,628 more Equinix shares in the third quarter to double its investment to 443,852 shares.

The pension sold 1.4 million shares of Simon Property to end September with 2.6 million shares of the shopping-mall owner. Simon Property stock rocketed 52% in the first nine months of the year, and so far in the fourth quarter shares have gained 31%.

Simon Property has raised its quarterly dividend three times this year. Malls had a busy summer, even in the face of the Delta variant of Covid-19. Simon Property reported strong third-quarter earnings earlier this month and raised guidance.

Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.

ShareTweetPin

Related Posts

George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve

by
May 26, 2022
0

Russian President Vladimir Putin delivers a speech during a ceremony honouring the country's Olympians and Paralympians at the Kremlin in...

China and Europe are leading the push to regulate A.I. — one of them could set the global playbook

by
May 26, 2022
0

A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct....

As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles

by
May 26, 2022
0

In this article WISE-GB Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty...

VMware Negotiating to Include Go-Shop Provision in Broadcom Deal

by
May 26, 2022
0

Motley Fool Why Shares of GameStop Are Surging Today Shares of the video game retailer GameStop (NYSE: GME) had popped nearly...

J.P. Morgan Makes 2 Bottom-Fishing Bets for Over 90% Upside Potential

by
May 26, 2022
0

TipRanks 2 “Strong Buy” Stocks Under $10 That Are Too Cheap to Ignore The current market conditions – the NASDAQ...

Next Post

Target Leads Five Stocks Near Buy Points As Sector Gains Momentum

Dow futures are little changed after a record close on Friday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com