Sweden’s Alecta Has Sold Most U.S. Treasuries as Denmark’s AkademikerPension Plans January Exit

Overview

• Alecta’s chief investment officer Pablo Bernengo told Bloomberg the fund has sold the majority of its U.S. Treasury holdings since early last year.
• Dagens Industri figures cited by Bloomberg put Alecta’s U.S. Treasuries at about 100 billion kronor (roughly $11 billion) at the start of last year.
• Bloomberg reported that Denmark’s AkademikerPension will dispose of its roughly $100 million in U.S. Treasuries by the end of January, according to CIO Anders Schelde.
• Schelde cited statements by U.S. President Donald Trump about Greenland, announced tariffs on several European countries, and concerns about a weakening dollar and U.S. creditworthiness.
• AkademikerPension manages about $25 billion for teachers and lecturers, making its Treasury stake small in scale even as both funds point to U.S. policy unpredictability, large deficits, and rising debt as key risks.