Revenue Department sold off key stocks at end of year - Must Read Alaska
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Thursday, September 24, 2020
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Revenue Department sold off key stocks at end of year

The Alaska Department of Revenue, which has $7.7 billion in public fund investments, sold off some of its key holdings at the end of 2019, including shares in Berkshire Hathaway, Apple, Verizon, and Broadcom, according to Barron’s, a financial publication..

“The Alaska Department of Revenue, which collects and invests public funds, cut back on holdings in some of America’s largest companies. It sold class B shares of Berkshire Hathaway (ticker: BRKb), Apple (AAPL), Verizon Communications (VZ), and Broadcom (AVGO) in the fourth quarter. Notably, three are lagging behind the 1.1% gain in the S&P 500 so far in January through Friday’s close. The department disclosed the changes in a form it filed with the Securities and Exchange Commission,” Barron’s reported.

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Suzanne Downing had careers in business and journalism before serving as the Director of Faith and Community-based Initiatives for Florida Gov. Jeb Bush and returning to Alaska to serve as speechwriter for Gov. Sean Parnell. Born on the Oregon coast, she moved to Alaska in 1969.

Latest comments

  • Like a farmer selling/eating his “seed corn”.

  • What’s the point of this revelation?

  • Idiots, but then again we don’t have the other side of the story either.

  • I have three of those, and I wouldn’t consider selling them right now. As NAV said though, we don’t have the whole story.

  • Sold Apple. Might as well cash in your IT. World is ending.

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