Northern Tier Energy LP (NTI), Pinnacle Foods Inc (PF): Here’s What This $50 Billion Pension Fund Has Been Buying

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CalPERS reduced its stake in lots of companies, including QR Energy LP (NYSE:QRE), which is, like Northern Tier Energy LP (NYSE:NTI), another Master Limited Partnership and massive yielder, with an 11.4% payout. It’s focused on upstream activities, though, rather than Northern Tier’s downstream focus, and is liquids-heavy in its operations, with long-term hedging in place. The company just reported quarterly revenue up strongly over year-ago levels, but net income down.

Finally, CalPERS’ biggest closed positions included News Corp (NASDAQ:NWS) and H.J. Heinz Company (NYSE:HNZ). Other closed positions of interest include MEMC Electronic Materials, Inc. (NYSE:WFR), and EnergySolutions, Inc. (NYSE:ES).

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. Therefore, 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This $50 Billion Pension Fund Has Been Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjianwhom you can follow on Twitter, owns shares of Infinera. The Motley Fool recommends Infinera. The Motley Fool owns shares of Infinera.

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