A large annuity recently made some significant changes to their U.S. traded assets.
British Airways Pensions Investment Management took positions in electric vehicle manufacturer stocks
(Ticker: TSLA) and
(NOK), bought more
(SBUX) warehouse and sold
Shares in the fourth quarter. The pension revealed the shops among other things submitted a form with the Securities and Exchange Commission.
British Airways Pensions, the under management of $ 10.4 billion in assets Not responded to a request for comment on the investment changes as of March 31, 2020.
The annuity bought 35,481 Tesla shares in the fourth quarter. It had no stake in the EV giant End of the third quarter.
Tesla stock was up more than eight-fold in 2020, and by the close of trading on Friday in 2021, shares were up 12.5% so far. In comparison, the
S&P 500 index,
A measure of the broader market, rose 16.3% last year and has declined 1.1% so far this year.
The editor’s choice
Tesla’s earnings report last week missed the estimates. Send stocks lower. Tesla joined the S&P 500 The company recently bought its profile as a fund tracking the index. We discovered in December that it was one of the most overvalued stocks in the USA.
British Airways Pensions has initiated a position of 104,212 American depository receipts from Chinese EV manufacturer NIO.
NIO ADRs outperformed Tesla in 2020 by reaching more than twelve times their value. So far, NIO’s ADR has increased 16.9% in 2021.
Starbucks stock rose 21.7% in 2020 and 9.5% in 2021.
Starbucks was one of us better bullish picks in 2020. Shares in the cafe and coffee giant slipped last week after Starbucks reported disappointing sales in the first quarter. Starbucks Chief Operating Officer Rosalind “Roz” Brewer is leaving to become CEO of the Walgreens Boots Alliance (WBA) increased its stock.
Annuity bought 29,348 additional Starbucks shares in the fourth quarter to end the year with 167,497 shares.
British Airways Pensions sold 21,728 FedEx shares for 48,889 shares in the shipping giant by the end of 2020.
FedEx stock was up 71.7% in 2020, but it’s down 9.4% this year.
FedEx’s second fiscal quarter, released in December, was strong. We discovered earlier this month that the stock is very popular could be a weak point. But the explosion in e-commerce with the coronavirus pandemic has driven demand and pricing for FedEx.
Inside Scoop is a regular feature by Barron that covers the stock trades of executives and board members – so-called insiders – as well as major shareholders, politicians and other celebrities. Because of their insider status, these investors are required to disclose stock transactions to the Securities and Exchange Commission or other regulatory authorities.