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Giant U.S. Pension Bought AMC, Snowflake, and Tilray Stock. What It Sold.

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The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.

The California State Teachers’ Retirement System bought more shares of movie-theater chain AMC Entertainment Holdings (ticker: AMC) and analytics-software firm Snowflake (SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in Berkshire Hathaway (BRKb), Buffett’s investment juggernaut….

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