Third-Largest U.S. Pension Sells Alibaba, TSMC, and MGM Stock.

One of the largest U.S. public pension plans made big changes in its investments, including Asian tech giants.

The New York State Common Retirement Fund cut its investments in


Alibaba


Group Holding (ticker: BABA),


Taiwan Semiconductor


Manufacturing (


TSM


), and


MGM Resorts International


(MGM), and doubled a stake in


Harley-Davidson


(HOG) in the fourth quarter. The fund disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.