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Verizon pension investments holds wireless interests

Want to invest like Verizon? Like any smart investor, Verizon Communications Inc. has its pension fund invested in a diverse array of stocks, from the Cheesecake Factory to Northrop Grumman Corp. The company’s $40-plus billion pension portfolio includes hundreds of companies. The Verizon Investment Management Corp. holds its largest stakes, as might be expected, in reputable banking, technology, drug companies and energy companies. The company also has an interesting collection of smaller holdings in other wireless companies (such as Leap Wireless International Inc. and Alltel Corp.), distributors (Best Buy and BJ Wholesale Clubs), chip makers (Qualcomm Inc. and Texas Instruments Inc.) and handset manufacturers (Motorola Inc. and Nokia Corp.).

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