Largest U.S. Pension Slashed Positions in Alibaba, Palantir, and GameStop. Here’s What It Bought.

The largest U.S. public pension by assets recently made major changes in its stock portfolio.

California Public Employees’ Retirement System cut its positions in Alibaba Group Holding (ticker: BABA), Palantir Technologies (PLTR), and GameStop (GME), in the first quarter. Calpers, as the pension is known, also bought more Zoom Video Communications (ZM) stock during the period.

The…