BusinessSlashedStake

A Big Fund Slashed Its Stake in GameStop Stock. It Bought Moderna and Palantir.

A major Alaskan agency has slashed holdings in a so-called meme stock, and made other big changes in its stock investments.

The Alaska Department of Revenue sold most of its GameStop (ticker: GME) stock in the third quarter. It also initiated positions in Moderna (MRNA) and Palantir Technologies (PLTR) stock, and bulked up its holdings in Analog Devices (ADI) stock. The agency disclosed the transactions, among others, in a form filed with the Securities and Exchange Commission.

The…

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