Canada Post Corp Registered Pension Plan significantly expanded its holdings in Salesforce Inc. during the third quarter, acquiring an additional 45,031 shares. Following this purchase, the pension plan holds a total of 79,326 shares of the CRM provider’s stock.
This increase represents a 131.3% growth in the pension plan’s position in Salesforce, which now accounts for 0.9% of its investment portfolio.
**Why this matters**
Changes in institutional investors’ holdings can indicate their confidence in a company’s future performance. The sizeable increase by Canada Post Corp Registered Pension Plan suggests a positive outlook on Salesforce’s prospects or a strategic adjustment in their portfolio allocation.
Source: NewsData