The California State Teachers' Retirement System, the second-largest public pension by assets in the U.S., bought more shares of movie-theater chain $AMC Entertainment(AMC.US)$ and analytics-software firm $Snowflake(SNOW.US)$, acquired shares of the $Tilray Brands(TLRY.US)$, and reduced its holdings in $Berkshire Hathaway-B(BRK.B.US)$, Buffett's investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
Calstrs said it doesn't comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.
AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC's third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.
Yesterday, AMC shares fell 15% to their lowest close since May. The Omicron variant of coronavirus has revived fears that new lockdowns could keep movie-goers away from theaters.
Mooers, what do you think of the giant pension's investment in these most-volatile stocks?

$Tesla(TSLA.US)$ Sure go buy a new car when you are struggling with higher gas and food prices. Buttigieg is such an elitist moron.

$Apple(AAPL.US)$ My favorite

$TENCENT(00700.HK)$ $Nintendo (ADR)(NTDOY.US)$
It is hard to replicate the path that Disney and Marvel have taken to build IP through film and television. Tencent learns and cooperates with Nintendo to build game CONTENT IP and monetize existing IP for secondary development, which is a thing with a high success rate and a moat for Tencent.

$AMC Entertainment(AMC.US)$ 🚀🚀