11/25/17

South Dakota Investment Council buying stock, ignoring infrastructure

Instead of repairing crumbling infrastructure the State of South Dakota is buying up shares of stock in a number of questionable ventures.

South Dakota Investment Council raised its holdings in AECOM (NYSE:ACM) by 2.3% during the 3rd quarter and owns about 0.16% worth $9,269,000. It just bought 10,000 Shares of Analog Devices, Inc. It just boosted its holdings in ViaSat, Inc. by 37.8%, has a $3.60M stake in Splunk Inc., a $4.40M stake in LifePoint Health, boosted its stake in JetBlue 83.8% and purchased 20,400 shares of Microchip Technology Incorporated.

The State just increased its position in earth hater Monsanto Company by 445.3%, bought 45,800 shares of United Continental Holdings, Inc. and increased its holdings of Cimarex Energy by 14.9%.

It bought more Canadian Natural Resources Limited, Halliburton, McKesson, Marathon Oil, Kohl, Fluor, Devon Energy Corporation and has nearly $12M in Humana.

South Dakota bought 6,700 shares of Western Digital Corporation, has $31.93M in Cigna Corporation, $32.01M in Aetna, boosted its holdings in doomed Peabody Energy, has a $34.13M stake in Apache Corporation and after settling a recent lawsuit with the company bought more Allergan.

There's more, much more in the Friday news dump.

Conflicts of interest? Crumbling bridges?

South Dakota says nobody cares. Let the feds fix our shit.

No comments: