The $230 million Hilton Hotels Corp. defined benefit fund, Beverly Hills, Calif., plans to review its asset mix, including its double-digit allocation to its own stock, said Richard H. Chambers, treasurer.
The fund had 12.5% of its assets invested in the stock at the end of January. But the stock was up more than 20 points in about five weeks, so the current allocation probably is higher, he said.
Mr. Chambers guesses the committee, which hopes to meet by next month, will lean toward keeping the holding intact because of the stock's performance.
The fund has been keeping its allocation to 60% equities, including the Hilton stock, and 40% fixed income. The fund likely will keep its current mix and continue to rebalance every few months by selling off part of its S&P 500 index fund, run by the Bank of New York, and adding the proceeds to bonds, all of which is run by Mr. Chambers.