A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.

Text size

Aurora Cannabis chocolate, and other edibles.


David Kawai/Bloomberg

A large pension recently made big changes in its U.S.-traded investments.

British Columbia Investment Management raised its investment in marijuana stock

Aurora Cannabis

(ticker: ACB), and bought more

Mastercard

(MA) stock, while it cut positions in

Visa

(V) and

Shopify

(SHOP) stock in the fourth quarter. The manager of the Canadian province’s public funds disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

BCI, as the pension is known, declined to comment on the investment changes. It manages $135 billion in assets.

BCI bought 232,058 additional shares of Aurora Cannabis to end 2020 with 290,404 shares.

Aurora Cannabis stock cratered 68% in 2020, but so far in 2021, it is up 50.2%. In contrast, the

S&P 500 index,

a measure of the broader market, rose 16.3% last year, and…

Text size

Aurora Cannabis chocolate, and other edibles.


David Kawai/Bloomberg

A large pension recently made big changes in its U.S.-traded investments.

British Columbia Investment Management raised its investment in marijuana stock

Aurora Cannabis

(ticker: ACB), and bought more

Mastercard

(MA) stock, while it cut positions in

Visa

(V) and

Shopify

(SHOP) stock in the fourth quarter. The manager of the Canadian province’s public funds disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

BCI, as the pension is known, declined to comment on the investment changes. It manages $135 billion in assets.

BCI bought 232,058 additional shares of Aurora Cannabis to end 2020 with 290,404 shares.

Aurora Cannabis stock cratered 68% in 2020, but so far in 2021, it is up 50.2%. In contrast, the

S&P 500 index,

a measure of the broader market, rose 16.3% last year, and…

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