Stocks
CPP Investments Puts Big Money into Home Depot
Canada Pension Plan Investment Board (CPP Investments) has made significant investments in The Home Depot, Inc. ($HD). According to its most recent disclosure with the Securities and Exchange Commission, CPP Investments acquired a new stake in shares of Home Depot in the 2nd quarter, acquiring 2,065,632 shares valued at approximately $728,507,000.
The institutional investor now owns about 0.21% of Home Depot as of its most recent SEC filing.
CPP Investments is not alone in its investment in Home Depot; several other hedge funds have also increased their stakes in the company during the fourth quarter.