3 ms·
Meaning a stake in 1.4% of companies, no indication of size of stake?
by erikpukinskis 7y ago
Meaning a stake in 1.4% of companies, no indication of size of stake?
- kgwgk 7y agoNo, meaning it owns 1.4% of the global public equity market. They have some $700bn in stocks. The market cap of the S&P 500 is $25tn. If they held US large cap stocks only they would have almost 3% of each one of the S&P 500 companies.
- dmoy 7y agoAnd US is about 50% of the world market cap, so yea 1.4% sounds about right.