One of the Largest Teacher Pension Funds in the U.S. Sold Nvidia, Tesla, and Apple and Piled Into a Popular Pharmaceutical Stock Up 395% Over the Last 5 Years
With the second quarter of 2025 now over a month old, many investment funds will soon begin disclosing what stocks they held at the end of the first quarter, essentially providing investors a glimpse of what they bought and sold. It's a particularly interesting time to see how large institutional funds invested early in the year, given all of the volatility.First-quarter filings won't show what the market did in April, following President Donald Trump's "Liberation Day" announcement on April 2. But they offer an important glimpse of how investors were approaching tariffs, as well as high valuations in the broader market, particularly for the artificial intelligence (AI) giants.Another thing happened in the first quarter with a major institutional shareholder. The Teacher Retirement System of Texas (TRS) -- the sixth-largest pension fund for teachers in the U.S. -- cut its stake in Nvidia (NASDAQ: NVDA), Tesla (NASDAQ: TSLA), and Apple (NASDAQ: AAPL). But it piled into a popular pharmaceutical stock that's up 419% over the last five years.Continue reading
With the second quarter of 2025 now over a month old, many investment funds will soon begin disclosing what stocks they held at the end of the first quarter, essentially providing investors a glimpse of what they bought and sold. It's a particularly interesting time to see how large institutional funds invested early in the year, given all of the volatility.
First-quarter filings won't show what the market did in April, following President Donald Trump's "Liberation Day" announcement on April 2. But they offer an important glimpse of how investors were approaching tariffs, as well as high valuations in the broader market, particularly for the artificial intelligence (AI) giants.
Another thing happened in the first quarter with a major institutional shareholder. The Teacher Retirement System of Texas (TRS) -- the sixth-largest pension fund for teachers in the U.S. -- cut its stake in Nvidia (NASDAQ: NVDA), Tesla (NASDAQ: TSLA), and Apple (NASDAQ: AAPL). But it piled into a popular pharmaceutical stock that's up 419% over the last five years.
