Canada’s Largest Pension Sells Apple, Tesla, NIO, XPeng, Li Auto Stock

Canada’s largest pension fund by assets under management recently made striking changes in its investments in


Apple


and four prominent electric-vehicle makers.

Canada Pension Plan cut its stake in Apple stock (ticker: AAPL), nearly halved an investment in


Tesla


(TSLA), and nearly wiped out holdings in Chinese EV makers


NIO


(NIO),


XPeng


(XPEV), and


Li Auto


(LI) in the third 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.