TLDR: approx € 5 B worth
AMSTERDAM, Feb 17 (Reuters) - ABP, the Netherlands’ largest pension fund, has sold its shares in tech companies Meta (META.O) and Alphabet (GOOGL.O), its CEO told Dutch newspaper FD in an interview published on Monday.
In second quarter of 2024 the pension fund held Alphabet shares worth about 3 billion euros ($3.15 billion) while its Meta holdings totalled 2 billion euros, FD said. Its Tesla holdings were valued at 597 million euros at the time.
Van Wijnen said the sales were not related to the election of Donald Trump as U.S. President and the support he received from the CEOs of those companies.
It doesn’t take a genius to see that Alphabet Soup and Metastasis are not in a good position for the future. Smart of the Dutch to bail before they bomb.
In Dutch news it was clarified that these funds don’t fit the Profile of ABP’s " Sustainable and Responsible Investment Policy"
That says it all.