Canada Post Corp Registered Pension Plan significantly expanded its holdings in Salesforce Inc. (NYSE: CRM) during the third quarter. The pension plan acquired an additional 45,031 shares, bringing its total ownership to 79,326 shares, according to a recent filing with the Securities and Exchange Commission.
This increase represents a 131.3% growth in the pension plan’s position in the cloud software company over the quarter.
**Why this matters**
Institutional investors like pension plans often influence market sentiment and can signal confidence in a company’s future prospects. The substantial increase in shares held by Canada Post Corp Registered Pension Plan may reflect a positive outlook on Salesforce’s performance and growth potential.
Source: NewsData