As of March 31, 2012, the following pension plans, to name a few, owned the corresponding number of shares in J.P. Morgan (JPM):
- 1,446,509 shares - Alaska Public Employees' and Teachers' Retirement System
- 709,950 shares - New Mexico Educational Retirement Board
- 1,907,146 shares - Mississippi Public Employees' Retirement System
Given the
latest news regarding J.P. Morgan, it is debatable whether or not this company, and other financials, will be reduced as an overall part to an institutional investment program. Wal-Mart (WMT) may also be trimmed as it too made
recent headlines. However, J.P. Morgan and Wal-Mart positions will not potentially be reduced solely as a result of recent headlines, but also from pension plans reducing exposure to domestic equities.
Of the three pension plans above, New Mexico Educational Retirement Board is in early discussions about its asset allocation. Like the
Arizona State Retirement System and
San Francisco Employees' Retirement System, New Mexico may also plan to reduce exposure to domestic equities.
