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> "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

by mfi 3y ago

> "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-sell-its-tesla-shares-over-union-dispute-2023-12-06/ https://www.reuters.com/sustainability/danish-pension-fund-s...

fellerts 3y ago
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/#/ https://www.nbim.no/no/oljefondet/investeringene/#/
- SOLAR_FIELDS 3y ago
  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-victory-in-norway-in-november-through-2023/ https://driveteslacanada.ca/news/tesla-model-y-wins-crushing...
  - JumpCrisscross 3y ago
    > 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.
    - fellerts 3y ago
      > 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).
- VoxPelli 3y ago
  One of Norway’s unions are demanding this: https://www.dn.no/arbeidsliv/lo-lederen-mener-oljefondet-bor-presse-tesla-til-a-innga-tariffavtaler/2-1-1567456 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.
wyager 3y ago
Anyone know of an ETF that buys stocks excluded by activist funds?
- tlb 3y ago
  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.
  - lawn 3y ago
    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.
- itishappy 3y ago
  Most of them? Agendas are diverse, any company that grows enough is likely to have pissed of at least one group somewhere.
  - wyager 3y ago
    I mean only "excluded" stocks. I specifically want to make money off slippage losses etc. from activist funds selling stocks for activism reasons.
- klyrs 3y ago
  If you wanna buy Budweiser stock, just buy it.
  - danans 3y ago
    Hey, stop picking on Bud, they're going climate woke too: https://www.anheuser-busch.com/newsroom/bud-light-next-celebrates-climate-neutral-certification-ahead-of-earth-day-2022 https://www.anheuser-busch.com/newsroom/bud-light-next-celeb...
lefstathiou 3y ago
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-ownership-history https://capedge.com/company/1318605/TSLA/institutional-owner... DISCLAIMER: our company owns CapEdge.

by mfi 3y ago

fellerts 3y ago

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/#/ https://www.nbim.no/no/oljefondet/investeringene/#/

SOLAR_FIELDS 3y ago
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-victory-in-norway-in-november-through-2023/ https://driveteslacanada.ca/news/tesla-model-y-wins-crushing...
- JumpCrisscross 3y ago
  > 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.
  - fellerts 3y ago
    > 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).
VoxPelli 3y ago
One of Norway’s unions are demanding this: https://www.dn.no/arbeidsliv/lo-lederen-mener-oljefondet-bor-presse-tesla-til-a-innga-tariffavtaler/2-1-1567456 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.

wyager 3y ago

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

tlb 3y ago
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.
- lawn 3y ago
  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.
itishappy 3y ago
Most of them? Agendas are diverse, any company that grows enough is likely to have pissed of at least one group somewhere.
- wyager 3y ago
  I mean only "excluded" stocks. I specifically want to make money off slippage losses etc. from activist funds selling stocks for activism reasons.
klyrs 3y ago
If you wanna buy Budweiser stock, just buy it.
- danans 3y ago
  Hey, stop picking on Bud, they're going climate woke too: https://www.anheuser-busch.com/newsroom/bud-light-next-celebrates-climate-neutral-certification-ahead-of-earth-day-2022 https://www.anheuser-busch.com/newsroom/bud-light-next-celeb...

lefstathiou 3y ago

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-ownership-history https://capedge.com/company/1318605/TSLA/institutional-owner... DISCLAIMER: our company owns CapEdge.