Third-Largest U.S. Pension Sells Alibaba, TSMC, and MGM Stock. It Bought Harley-Davidson.

One of the largest U.S. public pension plans made big changes in its investments, including Asian tech giants.

The New York State Common Retirement Fund cut its investments in

Alibaba

Group Holding (ticker: BABA),

Taiwan Semiconductor

Manufacturing (

TSM

), and

MGM Resorts International

(MGM), and doubled a stake in

Harley-Davidson

(HOG) in the fourth quarter. The fund disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.