The Ontario Science Table lists groups in the health care sector as its partners. Whether or not the individual members support this, and to what extent, the pensions of a lot of people are tied up in promoting their agenda.
HOOPP, the Healthcare of Ontario Pension Plan has some interesting medical holdings. This is at least according the SEC, or U.S. Securities and Exchanges Commission. While there is nothing inherently bad in investing in your own field, it will be driven by the way you want it to go.
The fund claims to have over $100 billion in net assets, or equity. Fair enough, let’s take a look at where some of that money is.
| COMPANY | AMOUNT |
|---|---|
| 1Life Healthcare | $540,000 |
| 3M Co. | $462,000 |
| Alexion Pharmaceuticals | $34,891,000 |
| Alnylam Pharmaceuticals | $213,000 |
| Alpha Healthcare Acquisition Corp | $2,232,000 |
| Amplitude Health Care Acquisition | $930,000 |
| Bausch Health Cos | $2,366,000 |
| Biogen Inc. | $235,000 |
| CVS Health Corp | $32,871 |
| Cytomx Therapeutics Inc. | $835,000 |
| Deerfield Healthcare Technology Acquisition | $2,696,000 |
| DFP Healthcare Acquisition | $3,633,000 |
| Gilead Sciences | $6,420,000 |
| HCA Healthcare | $142,000 |
| Healthcare Merger Corp. | $1,019,000 |
| Jazz Pharmaceuticals PLC | $3,538,000 |
| Johnson & Johnson | $34,401,000 |
| Livongo Health Inc. | $6,169,000 |
| Merck & Co. | $6,221,000 |
| Pfizer | $38,467,000 |
| Regeneron Pharmaceuticals | $1,052,000 |
The individual companies weren’t named in the HOOPP paperwork, so a visit to the SEC was needed for that. For reference, Gilead is the manufacturer of Veklury, also known as Remdesivir, a drug (not a vaccine) to counter Covid-19. It was given interim authorization to be used in Canada. Janssen (which is owned by Johnson & Johnson) also has an authorized “vaccine” in Canada. So does Pfizer, which is partnered with BioNTech. Yes, these are the same companies.
As for the next group, this is on the list of things that will make you go “hmmm”. If health care workers in Ontario were expecting, or wanting, a shutdown of society, these would be the companies to invest in.
A serious question: does it come across as a conflict of interest when health care workers are pushing pharmaceuticals which their pension plans own stock in? And it gets stranger.
| COMPANY | AMOUNT |
|---|---|
| Alibaba Group Holdings | $730,000,000 |
| Alphabet Inc. | $4,799,000 |
| Amazon | $18,848 |
| Beyond Meat Inc. | $151,000 |
| Blackline Software | $16,000 |
| Blackrock | $85,000 |
| Blackstone Group | $625,000 |
| Broadcom Inc. | $181,000 |
| Coca Cola Co. | $58,552,000 |
| Dish Network Corporation | $89,000 |
| E-Bay | $101,000 |
| $24,022,000 | |
| Goldman Sachs | $15,978,000 |
| Grid Dynamics Inc. | $4,676,000 |
| Mastercard | $427,644,000 |
| Microsoft Corp. | $298,081 |
| Netflix | $335,000 |
| Nike | $2,354 |
| PayPal Holdings | $378,000 |
| Salesforce | $2,746,000 |
| Shaw Communications | $6,386,000 |
| Shopify | $50,537,000 |
| Starbucks | $11,065,000 |
| Visa | $1,802,000 |
| Walmart | $13,148,000 |
| Zoom Communications | $216,000 |
HOOPP seems to be investing in everything that we need in order to have a cashless society, working from home, and an abundance of pharmaceuticals. But that’s probably just a coincidence.
While most of the profiles of the HOOPP leadership were privatized, a few were in the open. Some interesting details revealed in them.
Tanya Pereira is the Senior Director of Operations at HOOPP. She is also a Strategic Advisor at Andone Pharmaceuticals, during that same time period.
John Watson is the Director of Operations Support at HOOPP. He has also been charge of other pension plans. Early in his career, he was a records supervisor at Sick Kids Hospital Toronto, which gets significant funding from the Gates Foundation.
HOOPP claims to be pushing the ESG/green agenda pretty hard. So expect that they’ll only be investing in such companies that “appear” to be green, regardless of whether or not they actually are green. They sing the praises about sustainability and climate change. Most people have heard it all before.
As for the HOOPP owning stock in these vaccines and masks, and their members pushing them on the public, that is downright shady, to say the least. True, it’s the doctors and nurses themselves who market it to the lay person, but how does this look?
Is this ancient? According to the SEC, it covers the period up to December 31, 2020, and was filed on March 1, 2021. Now, it’s possible that these shares have since been sold, but the first interim authorizations were coming out before then. Again, how does it look?
IMPORTANT LINKS
(1) https://hoopp.com/
(2) https://hoopp.com/about-hoopp
(3) https://hoopp.com/investments/pension-plan-performance-and-hoopp-annual-report
(4) https://hoopp.com/about-hoopp/pension-leadership
(5) https://www.canada.ca/en/health-canada/services/drugs-health-products/covid19-industry/drugs-vaccines-treatments/authorization/list-drugs.html
(6) https://covid-vaccine.canada.ca/veklury/product-details
(7) https://covid-vaccine.canada.ca/janssen-covid-19-vaccine/product-details
https://www.sec.gov/Archives/edgar/data/1535845/000153584520000007/0001535845-20-000007-index.htm
https://www.sec.gov/Archives/edgar/data/1535845/000153584520000007/xslForm13F_X01/SEC13F09_2020.xml
https://archive.is/Kqazd
EARLIER IN THIS SERIES
(a) Michael Warner Financially Benefits From Prolonged Lockdowns
(b) Who Is Ontario Deputy Medical Officer, Barbara Yaffe?
(c) OST, Monopoly From The University Of Toronto Connected
(d) OST, University Of Toronto, Look At Their Members And Partners
(e) OST’s Robert Steiner Claims To Be Behind PHAC Canada Creation
(f) OST’s Kwame McKenzie Headed 2017 UBI Pilot Project
(g) OST UofT Prelude Actually Set Out In May 2019
(h) OST’s Murty Has Tech Firm That Benefits From Lockdowns
(i) OST: Como Foundation Gives Trillium Health Partners $5M
(j) OST: Current PHO Officials Also Sitting On As Partners
(k) OST: Canadian Agency For Drugs & Technologies In Health; pCPA
(l) OST: Centre For Effective Practice Gets Money From Lockdown
(m) OST: Cochrane Canada; WHO; McMaster University
(n) OST: SPOR Evidence Alliance Gets Funding From WHO
