Manufacturers Life Insures Huge Bet on Salesforce
The Manufacturers Life Insurance Company acquired a new position in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, according to its latest Form 13F filing with the SEC.
The fund purchased approximately 3,140,986 shares of the CRM provider's stock, valued at about $492 million.
This acquisition represents around 0.38% of Salesforce's outstanding shares.