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Any uptick a pension fund would have had was lost once GME reverted back. Pension funds are buy and hold, so they could care less about short term fluctuations

Any uptick a pension fund would have had was lost once GME reverted back. Pension funds are buy and hold, so they could care less about short term fluctuations in 0.05% of their portfolio.

sudosysgen 6y ago
GME didn't fully revert back yet, and I'm sure a lot of them realized their gains around the peak and sold. Pensions dont make short term investments, they already had GME shares since a long time ago. They do sell when extraordinary circumstances happen and buy other stocks to hold long term again.
paulgb 6y ago
Just because a fund’s normal MO is to buy and hold doesn’t mean they’re asleep at the wheel and won’t react if their value hypothesis is (more than) realized overnight. (Ontario Teacher’s Pension Fund sold almost 25M shares, for example https://www.bloomberg.com/news/articles/2021-01-29/reddit-fever-ignites-mall-stock-and-fund-cashes-out-500-million https://www.bloomberg.com/news/articles/2021-01-29/reddit-fe...)
- TheTrotters 6y ago
  NB: They sold 25M shares at ~$20/share. That's probably much more than what they paid for these shares but it's nowhere near where GME was over the past few days.
  - cj 6y ago
    GME's 52 week low is $2.57. Without knowing when they entered their position. It was hovering around $4 for a long time last year. Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.
  - dashundchen 6y ago
    Just to clarify from the article - the Ontario Pension Fund was invested and cashed out stock in a commercial real estate company called Macerich that was getting associated with Gamestop on /r/wsb, not Gamestop itself.
  - betterunix2 6y ago
    Not that they had any way of knowing what would happen. $20 could have been the peak for all anyone knew, and by the end of next week selling at $20 might look like a smart move.
- deleted 6y ago
  [deleted]
fractionalhare 6y ago
Pension funds are not buy and hold as a rule. They also invest in a variety of other vehicles, including hedge funds with different strategies. I guess you could say they buy and hold in the hedge fund, but that's different. Very conceivable that a pension fund had a meaningful uptick because one of the funds it invests in timed GME's crash well.

Any uptick a pension fund would have had was lost once GME reverted back. Pension funds are buy and hold, so they could care less about short term fluctuations in 0.05% of their portfolio.

sudosysgen 6y ago

GME didn't fully revert back yet, and I'm sure a lot of them realized their gains around the peak and sold. Pensions dont make short term investments, they already had GME shares since a long time ago. They do sell when extraordinary circumstances happen and buy other stocks to hold long term again.

paulgb 6y ago

Just because a fund’s normal MO is to buy and hold doesn’t mean they’re asleep at the wheel and won’t react if their value hypothesis is (more than) realized overnight. (Ontario Teacher’s Pension Fund sold almost 25M shares, for example https://www.bloomberg.com/news/articles/2021-01-29/reddit-fever-ignites-mall-stock-and-fund-cashes-out-500-million https://www.bloomberg.com/news/articles/2021-01-29/reddit-fe...)

TheTrotters 6y ago
NB: They sold 25M shares at ~$20/share. That's probably much more than what they paid for these shares but it's nowhere near where GME was over the past few days.
- cj 6y ago
  GME's 52 week low is $2.57. Without knowing when they entered their position. It was hovering around $4 for a long time last year. Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.
- dashundchen 6y ago
  Just to clarify from the article - the Ontario Pension Fund was invested and cashed out stock in a commercial real estate company called Macerich that was getting associated with Gamestop on /r/wsb, not Gamestop itself.
- betterunix2 6y ago
  Not that they had any way of knowing what would happen. $20 could have been the peak for all anyone knew, and by the end of next week selling at $20 might look like a smart move.
deleted 6y ago
[deleted]

fractionalhare 6y ago

Pension funds are not buy and hold as a rule. They also invest in a variety of other vehicles, including hedge funds with different strategies. I guess you could say they buy and hold in the hedge fund, but that's different. Very conceivable that a pension fund had a meaningful uptick because one of the funds it invests in timed GME's crash well.