fbpx

QQQ
+ 3.83
370.27
+ 1.02%
BTC/USD
-316.72
62762.06
-0.5%
DIA
+ 0.81
355.93
+ 0.23%
SPY
+ 2.46
450.66
+ 0.54%
TLT
-0.22
144.35
-0.15%
GLD
+ 1.16
166.61
+ 0.69%

AMC, Tilray, Carnival, Alibaba, Apple, Facebook — Stocks New Jersey Pension Fund Bought And Sold In Q2

August 2, 2021 5:54 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
AMC, Tilray, Carnival, Alibaba, Apple, Facebook — Stocks New Jersey Pension Fund Bought And Sold In Q2
  1. New Jersey’s pension fund acquired a stake in AMC Entertainment Holdings Inc. (NYSE:AMC) while boosting its positions in Tilray Inc. (NASDAQ:TLRY) and Carnival Corp. (NYSE:CCL) in the second quarter. The fund also reduced its stakes in Alibaba Group Holding Limited (NYSE:BABA) and Apple Inc. (NASDAQ:AAPL).

What Happened: State of New Jersey Common Pension Fund D initiated a position in movie theatre chain AMC Entertainment in the second quarter by acquiring 229,643 shares, the pension fund revealed in a regulatory filing.  

It also raised its stake in Tilray to 254,596 shares by acquiring 179,228 shares in the Canadian cannabis company and boosted its holdings in cruise operator Carnival to 504,586 shares by buying an additional 168,331 shares.

Further, the state-managed pension drastically slashed its holding in Alibaba by selling 638,634 shares to end the quarter with 334,946 shares in the Chinese e-commerce giant.

New Jersey’s pension also trimmed its holding in tech giant Apple to 9.90 million shares by selling 246,840 shares and sold 14,837 shares in Facebook Inc. (NASDAQ:FB) to end the quarter with almost 1.42 million shares in the social media giant.

See Also: How Elon Musk Reacted To Suggestion That AMC Should Accept Dogecoin

Why It Matters: Companies such as AMC Entertainment, Apple, Alibaba and Tilray are seeing high interest from retail investors. Last week, Apple reported above-consensus third-quarter results.

AMC Entertainment’s year-to-date returns stand at a whopping 1,646.2% and its valuation shot past fellow stonk GameStop Corp. (NYSE:GME) in June amid increased interest from retail investors. Stonks are stocks favored by retail investors.

Tilray recently reported a surprise profit for the fourth quarter, its first earnings results following its merger with rival Aphria Inc. in May.

Carnival reported a net loss for the second quarter that narrowed from last year, while booking volumes were 45% higher than in the preceding first quarter.

Shares of Alibaba and other Chinese companies that are listed in the U.S. have fallen in recent days amid mounting regulatory concerns in China and strained U.S.-China relations.  

Price Action: AMC Entertainment shares closed 2.9% lower in Friday’s trading at $37.02, while Apple shares closed almost 0.2% higher at $145.86.

Photo: By Samantha Celera on Flickr

Alibaba shares closed almost 1.2% lower in Friday’s trading at $195.19.

Read Next: Apple Maintains Its Dominance Of Global Tablet Market But Amazon, Samsung Are Seeing Faster Growth

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

Apple And Google Play Stores Offer Another Cannabis-Focused App, Springbig Launches Re:source

Apple And Google Play Stores Offer Another Cannabis-Focused App, Springbig Launches Re:source

Cannabis-focused software-as-a-service marketing platform springbig has launched a new app for Android and iPhone users that consolidates consumers' dispensary communications, shopping carts, store promotions and loyalty rewards in one seamless platform. read more
Tilray Becomes Top WallStreetBets Interest As It Posts Surprise Profit; AMD, Facebook, Apple Other Top Trends

Tilray Becomes Top WallStreetBets Interest As It Posts Surprise Profit; AMD, Facebook, Apple Other Top Trends

Tilray Inc. (NASDAQ: TLRY) has joined Advanced Micro Devices Inc. read more
Agrify Seeks to Stabilize the Risky Business of Growing Cannabis with its Smart Cultivation Software

Agrify Seeks to Stabilize the Risky Business of Growing Cannabis with its Smart Cultivation Software

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Image provided by Agrify read more
New Cannabis Products From Jay-Z's MONOGRAM, Caliva And Curaleaf's Select

New Cannabis Products From Jay-Z's MONOGRAM, Caliva And Curaleaf's Select

As the cannabis market expands, it's hard to keep track of the many products that launch every week. But don’t worry, Benzinga always keeps you updated on the most interesting new cannabis products being launched. MONOGRAM LOOSIES read more