The Canadian Pension Plan Investment Board is responsible for investing the money that gets taken from workers’ pay cheques. Now, what does this group actually invest in? The answers may be surprising, as it speaks to the direction they plan to take the fund.
|Acceleron Pharma Inc.||$85,000|
|Agios Pharmaceuticals Inc.||$1,017,000|
|China Biologic Products||$242,000|
|CVS Health Corp.||$104,361,000|
|Cardiovascular Sys Inc.||$1,339,000|
|Eli Lilly & Co.||$134,902,000|
|Healthpeak Properties Inc.||$43,159,000|
|Hutchison China Meditech||$3,145,000|
|Johnson & Johnson||$479,225,000|
|Medpace Holdings Inc.||$15,813,000|
|Merck & Co.||$379,344,000|
|Opko Health Inc.||(Sold off)|
|Orthofix Med Inc.||$976,000|
|Physicians Realty Trust||$5,618,000|
|Prestige Consumer Healthcare||$1,022,000|
|Procter & Gamble||$498,019,000|
|Sabra Healthcare REIT||$6,232,000|
|Starr Surgical Co.||$21,247,000|
|Teladoc Health Inc.||$4,796,000|
|Tenet Healthcare Corp.||$14,267,000|
|Thermo Fisher Scientific||$198,939,000|
|United Therapeutics Corp.||413,000|
|Unitedhealth Group Inc.||$1,067,720,000|
|Usans Health Sciences||$5,867,000|
|West Pharmaceutical SVSC||$410,000|
Aside from all of the stocks in pharmaceuticals and health care, the CPPIB has interests in many other organizations that will raise eyebrows. True, the “Great Reset” may be a massive conspiracy theory, but the investments here would suggest otherwise.
|Bank of America||$372,509|
|Bank of Montreal||$62,350|
|Bank of Nova Scotia||$216,553,000|
|Icici Bank Limited||$59,222,000|
|JP Morgan Chase||$876,096,000|
|Molson Coors Beverage||$8,593,000|
|Royal Bank of Canada||$537,548,000|
|Shaw Communications Inc.||$100,269,000|
|Toronto Dominion Bank||$289,035,000|
|Vonage Holdings Corp||$145,000|
|Zoom Video Communications||$5,807,000|
For reference, Alphabet Inc. is the company that owns Google and its subsidiaries, such as YouTube. It seems that being major stakeholders in the business will have great influence over the social media censorship that Governments ask them to play. CPPIB holds over $2 billion. Difficult to say no to your biggest shareholders.
Additionally the CPPIB holds over $50 million in stock in Twitter. This platform has also been brutal when it comes to censoring views that contradict official pandemic or election narratives.
This is certainly quite in the interesting portfolio: pro-big pharma, and pro-Great Reset. However, there is a bigger and more fundamental problem that needs to be addressed: liabilities.
|Year||Value of Fund||Inv Income||Rate of Return|
The CPPIB routinely crows about how well its investments do, and how the fund is worth hundreds of billions of dollars. The problem is that it has a screwy accounting system. Instead of taking into account all assets and liabilities, the health is determined by ability to meet current obligations. The fund has been properly accounted, and there is over $1 trillion in unfunded liabilities. This is money taken in an spent, for which it (should have been) paid out.
Most pension systems act as a ponzi scheme, where the only way to meet old obligations is with the infusion of new money. Clearly, such a system is unsustainable in the long term.
But hey, at least our investments in Pfizer, Moderna, Johnson & Johnson, Gilead, Eli Lilley and 3M are doing well. Good thing there is a “pandemic” to drive up demand for these products.
To hell with free speech and open media.
Big pharma is here to stay.