Canada’s Largest Pension Cut Apple Stake, Bought Tesla, NIO, Li Auto

Canada’s largest public pension seems to be more bullish about electric vehicles than iPhones.

Canada Pension Plan sold 85% of its


Apple


stock (ticker: AAPL), and scooped up shares of


Tesla


(TSLA), and Chinese EV makers


NIO


(NIO) and


Li Auto


(LI) in the fourth quarter. Canada Pension Plan Investment Board, known as CPP Investments, which manages the pension, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.