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The California State Teachers' Retirement System, the second-largest public pension by assets in the U.S., bought more shares of movie-theater chain $AMC Entertainment(AMC.US$ and analytics-software firm $Snowflake(SNOW.US$, acquired shares of the $Tilray Brands(TLRY.US$, and reduced its holdings in $Berkshire Hathaway-B(BRK.B.US$, Buffett's investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission. ![]()
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Calstrs said it doesn't comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.![]()
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AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC's third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.
Yesterday, AMC shares fell 15% to their lowest close since May. The Omicron variant of coronavirus has revived fears that new lockdowns could keep movie-goers away from theaters.![]()
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Mooers, what do you think of the giant pension's investment in these most-volatile stocks?![]()
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Calstrs said it doesn't comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.
AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC's third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.
Yesterday, AMC shares fell 15% to their lowest close since May. The Omicron variant of coronavirus has revived fears that new lockdowns could keep movie-goers away from theaters.
Mooers, what do you think of the giant pension's investment in these most-volatile stocks?
![Giant U.S. pension bought AMC, Snowflake, and Tilray stock](https://ussnsimg.moomoo.com/1752106200857336424.jpg/thumb)
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