Second-Largest U.S. Pension Buys Up Rivian, Snowflake, Airbnb, and Noble Stock

America’s second-largest public pension by assets recently increased its investments in some of the market’s more volatile stocks.

The California State Teachers’ Retirement System doubled its stakes in electric-truck maker

Rivian Automotive

(ticker: RIVN) and offshore energy driller

Noble

(NE) in the third quarter. It also bought more shares of the cloud software company

Snowflake

(SNOW) and short-term-stay firm

Airbnb

(ABNB).