Giant Canadian Fund Sold Disney And Starbucks Stock. Here’s What It Is Buying.


The Ontario Teachers’ Pension Plan, one of the largest pensions in the world, recently made some big changes in its U.S.-traded stock investments.

Ontario Teachers’ more than doubled its holdings of BlackBerry stock (ticker: BB), and made large reductions in Walt Disney (DIS) and Starbucks (SBUX) in the fourth quarter. The pension disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

The pension, which managed $201.4 billion in net assets as of June 30, 2019, didn’t respond to a request for comment on the transactions. Ontario Teachers’ was recently overfunded—it had $1.04 in net assets for each $1 in liabilities as of Jan. 1, 2019.

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