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
(ticker: RIVN) and offshore energy driller
Noble
(NE) in the third quarter. It also bought more shares of the cloud software company
Snowflake
(SNOW) and short-term-stay firm
Airbnb
(ABNB).
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