A double-digit holding in company stock has performed well for the $230 million defined benefit fund of Hilton Hotels Corp., Beverly Hills, Calif., said Richard H. Chambers, treasurer.
Now the fund could trim the position to cash in profits or maintain the holding.
The fund had 12.5% of its total assets invested in the stock at the end of January.
But the stock had gone up nearly 20 points in some five weeks, so the current allocation probably is higher, he said.
Mr. Chambers guesses the fund's committee, which hopes to holds its semiannual allocation meeting by April, will lean toward keeping the holding intact because of the good performance.
Overall, the fund has been keeping its allocation at 60% equities, including the Hilton stock, and 40% fixed income.
He said the fund probably will keep its current mix and continue to rebalance every few months by selling off part of its Standard & Poor's 500 Stock Index fund, run by the Bank of New York, and adding the proceeds to fixed income, all of which is run by Mr. Chambers.