The next time an elderly individual tells you to stop playing Pokémon Go, or any Nintendo-related title for that matter, remind them that the Canadian Pension Plan (CPP) is investing in Nintendo.
In its March 31 public disclosure, the CPP’s investment board revealed that it owns 318,000 shares in the Japanese gaming company, an equity stake that at the time was worth $59 million. Now that Nintendo’s stock has shot up approximately 30 percent, the CPP’s Nintendo stock is worth $86 million.
So the next time an elderly curmudgeon tells you to “get off their lawn” when you’re playing Pokémon Go, remind them you’re helping finance their retirement by catching that Pidgey.
According to Global News, the CPP has also invested in a variety of other video game companies.
Here’s a complete list:
- 470,000 shares in Blizzard Entertainment (makers of World of Warcraft and Overwatch), worth $21 million
- 402,000 shares in Electronic Arts (makers of the Battlefield and Sims series), worth $34 million
- 183,000 shares in Sega (makers of Sonic the Hedgehog), worth $3 million
- 387,000 shares in Ubisoft (makers of Assassin’s Creed and Far Cry), worth $16 million
- 553,000 shares in Konami (makers of Metal Gear Solid and Frogger), worth $21 million
The CPP’s entire fund is worth $278.9 billion as of March 31st.
Related reading: No, Niantic is not banning Canadians playing Pokémon Go early