Canada’s Largest Pension Sold Apple, Bought EV Stocks 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


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


(TSLA), and Chinese EV makers


(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.