Just released documents filed with the SEC shows exactly how China is investing in the US.
China Investment Corp., the government’s $300 billion investment fund, now owns stock in some of the best-known American brands.
The detailed list, which contained holdings totaling $9.6 billion as of Dec. 31, was disclosed Friday in a filing with the Unites States Securities and Exchange Commission; it lists stakes only in companies traded in the United States.
In case you’re never heard of China Investment Corp, or C.I.C. as it’s called on the Street – it’s one of the world’s largest sovereign funds. It was formed in 2007 with about $200 billion. It now has assets of nearly $300 billion, writes the New York Times.
Following are their top holdings:
China's Sovereign Wealth Fund
iShares Global Materials ETF
Energy SPDR ETF
iShares MSCI EAFE Index Fund
iShares MSCI Emerging Mkt ETF
SPDR Gold ETF
What’s the take away here?
To me, this shows China continues to invest in banks and commodities, explains Tim Seymour. China has been going around the world trying to get commodities in any way they can.
I’m interested to see half of the top 10 holdings are ETFs, says Gary Kaminksy. That seems like a good way to put money to work, quickly and broadly.
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Trader disclosure: On February 8th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (BTU), (GS), (INTC), (NUE), (MSFT); Kaminsky Is Short (LULU); Najarian Owns (AAPL) Call Spread; Najarian Owns (GILD) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (TCK), Is Short (TCK) Calls; Najarian Owns (XLF) Calls; Najarian Owns (CLF) Call Spread
For Dennis Gartman
Funds Managed By Dennis Gartman Are Long Australian Dollars, Canadian Dollars
Funds Managed By Dennis Gartman Are Short British Pound Sterling, Euro,
Funds Managed By Dennis Gartman Own (BWLD), (DRI), (PNRA)
Funds Managed By Dennis Gartman Are Short (MT), (NUE), (PEP)
For Brian Kelly
Kanundrum Capital Owns (HOV)
Kanundrum Capital Owns (PHM)
Kanundrum Capital Owns (TOL)
Kanundrum Capital Owns (WY)
Kanundrum Capital Owns (PCL)
Kanundrum Capital Owns (RYN)
Kelly Owns (HOV) Calls
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short U.S. Dollar
Kelly Owns (FXE) Puts
For Tim Seymour
Seygem Asset Management Owned (MTL) On 2/3/10
Seymour Owns (AAPL)
Seymour Owns (BAC)
Seymour Owns (EEM)
Seymour Owns (ETFC)
Seymour Owns (F)
Seymour Owns (INTC)
Seygem Asset Management Is Short (VALE)
Seygem Asset Management Owns (GFI)
Seygem Asset Management Is Short (BIDU)
Seymour Owns (FXI)
CNBC.com with wires