Public pensions rode the winter-spring stock market rally to $1.78 billion in gains, the greatest uptick in at least five years, according to a Census release. This is a 5.6 per cent quarter-over-quarter gain to $2.76 trillion.
The cumulative value of U.S. pension fund stock holdings increased $145 billion on the back of the S&P’s +12 per cent rally and DJIA +8 per cent gain in Q1. Total corporate stock holdings as a share of the portfolio increased 3.6 points to 35.1 per cent, the greatest percentage since Q3 2007.
Here’s the total breakdown.