OCERS Invests Heavily in The Goldman Sachs Group
The Orange County Employees Retirement System (OCERS) has invested $69.54 billion in The Goldman Sachs Group, Inc. ($GS), purchasing 2,853,513 shares of the investment management company's stock in the 2nd quarter.
According to its most recent filing with the Securities and Exchange Commission, this purchase represents a new position for OCERS, with The Goldman Sachs Group making up approximately 24.9% of OCERS' portfolio, making it the system's second-biggest holding.
The value of these shares is around $69,537,544,000. This investment is part of several large purchases made by various institutional investors in The Goldman Sachs Group during the last quarter.