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This pension fund backing Rivian might make the stock pop if it hasn't been priced in already.
Second-Largest U.S. Pension Buys Up Rivian, Snowflake, Airbnb, and Noble Stock
America’s second-largest public pension by assets recently increased its investments in some of the market’s more volatile stocks.
The California State Teachers’ Retirement System doubled its stakes in electric-truck maker Rivian Automotive RIVN –2.24% (ticker: RIVN) and offshore energy driller Noble NE –1.32% (NE) in the third quarter. It also bought more shares of the cloud software company Snowflake SNOW –1.49% (SNOW) and short-term-stay firm Airbnb ABNB –2.43% (ABNB).
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