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Comment by mfi | Hacker News Reader

> "In the light of the conflict now spreading to Denmark as well as Tesla's recent very categorical refusal to enter a labour union agreement in any country, we have come to the conclusion that we as investors at present hardly can influence the company," the pension fund said in an emailed statement. ... That is why we're now putting Tesla on our exclusion list, ..."

PensionDanmark, one of Denmark's largest pension funds, has decided to sell its holdings in Tesla over this dispute. [0]

[0] https://www.reuters.com/sustainability/danish-pension-fund-s...

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I wonder if Norway will pull out of Tesla as well. The Norwegian Pension Fund currently owns 0.87%. Side-note, all its equities are publicly available: https://www.nbim.no/no/oljefondet/investeringene/#/

One of Norway’s unions are demanding this: https://www.dn.no/arbeidsliv/lo-lederen-mener-oljefondet-bor...

That either they convince Tesla to sign an agreement or they sell it all.

Norwegian politicians are also acting and eg. requesting discussions with Tesla in Norway to discuss the Nordic model with them.

I will say there are a lot of teslas in Norway. For years they were one of the most popular cars sold due to generous tax breaks.

https://driveteslacanada.ca/news/tesla-model-y-wins-crushing...

> here are a lot of teslas in Norway

Scandinavia (and to a lesser degree the Nordic countries) is rich, capitalist and early adopting. This not only makes them a valuable market for Tesla. It also represents a threat if they exit. That market, alone, could enable a competitor to scale their EV production through the valley of death.

> rich, capitalist and early adopting

That's certainly a factor, but at least in Norway the government was quick to offer various incentives for EV (less fees, free use of bus lanes and so on) making it the largest early adopter of EVs in general (and Teslas in particular for the reasons you mentioned).

I don't see that PensionDanmark files 13f filings so it is hard to confirm their holdings. None of the 128 EDGAR filings that reference them pertain to Tesla. It's possible their holdings are through an inter-broker dealer which would be strange for a national pension fund but possible.

The Swedish National Pension Fund had about 500k of TSLA shares as of their latest 13f.

Source: https://capedge.com/company/1318605/TSLA/institutional-owner...

DISCLAIMER: our company owns CapEdge.

Anyone know of an ETF that buys stocks excluded by activist funds?

Matt Levine writes about this now and then. Should be a good starting point https://www.bloomberg.com/opinion/articles/2022-10-11/anti-e...

https://www.bloomberg.com/opinion/articles/2022-01-12/not-ev...

You're almost always better off buying individual stocks yourself. You can optimize your return in various ways, like tax loss harvesting to offset capital gains from other sources like stock options. There are cheap robo-advisors that can do this even with small amounts.

Also, you might agree with some activist fund exclusions, like tobacco or gambling.

You're not better of buying individual stocks compared to global index funds, that almost always ends up with you underperforming while taking more risk.

Most of them? Agendas are diverse, any company that grows enough is likely to have pissed of at least one group somewhere.

I mean only "excluded" stocks. I specifically want to make money off slippage losses etc. from activist funds selling stocks for activism reasons.

If you wanna buy Budweiser stock, just buy it.

Hey, stop picking on Bud, they're going climate woke too:

https://www.anheuser-busch.com/newsroom/bud-light-next-celeb...

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