Danish Pension Fund AkademikerPension to Exit US Treasuries

[demmiblue]

Source: Bloomberg

The Danish pension fund AkademikerPension is planning to exit US Treasuries by the end of the month, amid concerns that the policies of President Donald Trump have created credit risks too big to ignore.

“The US is basically not a good credit and long-term the US government finances are not sustainable,” Anders Schelde, chief investment officer at AkademikerPension, told Bloomberg on Tuesday.

AkademikerPension, which manages around $25 billion in savings for teachers and academics, held about $100 million in US Treasuries at the end of 2025, Schelde said. Risk and liquidity management is the only reason to remain in Treasuries, and “we decided that we can find alternative to that,” he said.

Schelde cited Trump’s threats to take over Greenland as part of the reason to sell US Treasuries. But concerns about fiscal discipline and a weaker dollar also justify a retreat from US exposure, he said.

Read more: https://www.bloomberg.com/news/articles/2026-01-20/danish-pension-fund-akademikerpension-to-exit-us-treasuries?embedded-checkout=true

[Scrivener7]

1. Here we go. Can't blame them, but if this becomes a trend, which there's no reason to think it won't,

it will be devastating.

[travelingthrulife]

21. Do you hear our economy collapsing yet, GOP?

[Scrivener7]

24. They don't yet. But they will.

[Aristus]

27. Is a collapsing economy going to affect the broke-down pickup truck and tarpaper shack brigade?

Trump's voting base?

Shit, they could be starving, and they'd still blame liberals and Democrats.

[Layzeebeaver]

30. They do and they like it.

It will allow their billionaire friends to buy up more stuff and companies on the cheap.

Just what they want.

[Fiendish Thingy]

2. Link is paywalled

I was hoping to find out the total value of the Treasury bonds Denmark holds.

Regardless, this is a good move, hopefully followed by other NATO nations.

Watch the bond market.

[GCG]

5. Some info.

Based on Treasury International Capital (TIC) data, Denmark held approximately $9.884 billion in U.S. Treasury Securities as of November 2025.

[OGBuzz]

18. Imagine if they dumped it all.

European countries hold about $8 trillion in U.S. bonds and equities.

[Ocelot II]

6. $100 million.

AkademikerPension, which manages around $25 billion in savings for teachers and academics, held about $100 million in US Treasuries at the end of 2025, Schelde said. Risk and liquidity management is the only reason to remain in Treasuries, and “we decided that we can find alternative to that,” he said.
Schelde cited Trump’s threats to take over Greenland as part of the reason to sell US Treasuries. But concerns about fiscal discipline and a weaker dollar also justify a retreat from US exposure, he said.

https://archive.is/vsq9A#selection-1909.0-1913.204

[demmiblue]

8. Thank you for adding that!

[Fiendish Thingy]

11. Thanks

So, not that much compared to the $8-10 trillion held by all the EU countries combined, but, still not an insignificant gesture.

Let’s hope other nations follow suit.

[Lonestarblue]

9. From the article.

“AkademikerPension, which manages around $25 billion in savings for teachers and academics, held about $100 million in US Treasuries at the end of 2025, Schelde said. Risk and liquidity management is the only reason to remain in Treasuries, and “we decided that we can find alternatives to that,” he said.”

[BonnieJW]

12. $100 million

[sinkingfeeling]

3. So the mass exit of European funding begins. Great job, TSF.

[Prairie Gates]

4. "The US is basically not a good credit"

Guy ain't wrong.

Heading for the exits.

[Alliepoo]

7. And so it begins.

Can’t say I blame them. Pretty smart move on their part. Makes me wonder if I should go to the credit union and start withdrawing cash to stash away.

[Lovie777]

10. shithole and comrades are killing the dollar................

if that is one of the psychopath's goals, the US economy is in deep shit now...........

bitcoin, crypto, gold and silver is not going to save us.

[Ritabert]

13. On another board they called our national debt our Achilles heel

And $8 trillion of US securities held by EU countries and citizens is not negligible.

[JustAnotherGen]

14. Good for them!

America has always been a place of money talks and bullshit walks.

This one is going to hurt - but it is necessary.

[Clouds Passing]

15. More belt tightening for regular Americans. Cinch up 😮

[not a texan]

16. The 100 million is from that one fund.

There are more institutions in Denmark that also hold US treasuries.

[Grins]

17. YES!!!! But do more.

You want to fuck with Trump, Bessent, Hasset, and Rubio?

1. SELL your U.S. Treasuries.
2. Don't buy any more.
3. Your more technically critical and unique technology(s)? Forbidden to be sold to the U.S.

The first two, like the last time he pulled this shit and markets exploded, will get Bessent's, Hasset's, and Rubio's attention. And the oligarch's who pander to him.

[the_liberal_grandpa]

19. One reason this is so stupid.

Nearly 40 trillion in debt with much of that debt owned by the countries the felon is threatening.

While these countries cannot match the might of the USA they can sell off our debt which would
bankrupt us.

Then there are the BRIX countries who are working on a system to trade among themselves with something they
are calling the BRIX UNIT which is NOT THE DOLLAR.

If the dollar is removed as the world currencly we are doomed.

This won't happen overnight and it may not happen at all but there is not doubt that the rest of the world
is looking for ways to decouple from our dangerous nation.

Who's to blame?- The American people who elected this fool.

[travelingthrulife]

23. So short-sighted but that is what the GOP and Independents are known for.

Maybe some of our illustrious business greed heads will wake up when this happens.

[slightlv]

20. This is the first domino, right? I don't think there have been any other

large groups exiting our treasuries yet. But once that first domino falls, others will follow suit quickly. And when that happens, we're are so screwed. We had it made being the preferred reserve currency of the world. And trump stole that from us. He stole it from our children, our grandchildren, and our great-grandchildren. And, I'll lay odds the more dominoes that fall, the pissier he's going to get... seeing it as a personal affront against him... and there'll be more hell for the rest of us to pay. Oh, Grim Reaper... wherefore art thou?

[Exp]

22. Who's next? eom

[dedl67]

25. Welcome to the Golden Age

[progree]

26. Global Stocks Trounce the S&P 500 in Trump's Chaotic First Year, Bloomberg, 1/20/26

Global Stocks Trounce the S&P 500 in Trump’s Chaotic First Year, Bloomberg, 1/20/26

-snip-

In fact, equities worldwide — once the US is excluded — have risen around 30% since he took office a year ago, roughly double the S&P 500’s gain, according to MSCI’s index. The US hasn’t lagged that much during a president’s first year since 1993, when the nation was recovering from a recession and investors were flocking to growing markets overseas.

Trump’s comparison with his predecessors is no better: As far as the S&P 500 goes, the first-year gain under Trump clocks in as only the ninth best start to a term since World War II, according to CFRA. Ronald Reagan, George H.W. Bush, Bill Clinton, Barack Obama, Joe Biden — and even Trump during his first stint — all saw bigger gains.

US presidents, of course, don’t determine the direction of the stock market, as much as they take the blame or credit. But in Trump’s case, his trade war, foreign-policy surprises like pushing for a US takeover of Greenland, moves to exert greater control over key industries, and threat to the Federal Reserve’s independence have all periodically unnerved investors. That, in turn, has effectively tapped the brakes on a rally driven largely by the artificial-intelligence boom and the surprisingly resilient economy he inherited.

-snip-

[Also] MSCI’s emerging-market index rose over 30% last year, it’s biggest advance since 2017.

More: https://finance.yahoo.com/news/global-stocks-trounce-p-500-131530108.html

The S&P 500 gained 15.7% in Trump's first year, according to a table in the article, comparing the first year of all presidential terms since (and including) FDR.

So it's a bit more than some Danish mini-fund not liking U.S. Treasuries

[Exp]

28. 59 Foreign Portfolio Holdings of U.S. Securities as of June 28, 2024

Latest I could find..

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/shl2024r.pdf

59 Foreign Portfolio Holdings of U.S. Securities as of June 28, 2024
Table A2: Foreign Holdings of U.S. Equities, by Country,
Billions of dollars
Countries and regions 2017 2018 2019 2020 2021 2022 2023 2024
Andorra 1 1 1 1 1 1 2 2
Angola 1 * 1 * * * * *
Anguilla 15 2 5 7 10 12 11 1
Argentina 5 5 6 7 9 8 7 9
Aruba 1 * * * * 1 * *
Australia 193 223 262 267 374 471 474 598
Austria 11 14 20 16 27 25 31 32
Azerbaijan 1 2 2 2 4 4 7 9
Bahamas 21 20 23 27 31 23 25 34
Bahrain 1 1 1 1 2 1 1 1
Barbados 1 2 2 1 2 2 2 3
Belgium 38 54 58 59 104 76 85 115
Belize * 1 1 1 1 1 1 1
Bermuda 95 102 111 111 138 127 131 134
Bolivia * * 1 * * * * *
Botswana 1 1 * * * 1 1 1
Brazil 5 6 5 8 16 18 17 23
British Virgin Islands 112 114 112 106 149 129 135 162
Brunei 4 5 3 2 4 4 2 3
Bulgaria * * * * * * * 1
Burkina Faso * * * * * 4 * *
Cambodia * * * * * 7 * *
Canada 810 928 956 971 1,495 1,341 1,458 1,766
Cayman Islands 928 1,038 1,084 1,059 1,538 1,365 1,575 1,854
Chile 24 21 22 23 27 27 28 40
China, mainland 194 217 189 233 273 273 309 362
Colombia 13 13 13 14 20 21 20 29
Cook Islands 1 1 * * 1 * * *
Costa Rica 1 1 2 2 3 3 4 5
Cote d‘Ivoire * * * * * 1 1 1
Croatia * * 1 1 1 1 1 1
Curacao 3 4 4 4 5 4 4 3
Cyprus * 1 1 2 4 4 5 8
Czech Republic 3 3 4 5 8 8 9 12
Denmark 83 87 100 115 215 151 171 232
Dominican Republic * * * * 1 * * *
East Timor 4 4 4 4 5 3 3 4
Ecuador * * 1 1 1 1 1 1
Egypt * 1 * 3 1 * 1 *
El Salvador * * * * * 1 1 1
Estonia * 1 * 1 1 1 2 2
Finland 28 34 38 36 53 47 55 74
France 154 166 177 192 359 297 363 458
Germany 208 239 191 210 332 311 412 505
Gibraltar * * * * * * * 1
Greece 2 2 2 2 3 3 4 2
Guatemala * * 1 * * * * 1
Guernsey 32 32 43 40 56 52 59 70
Hong Kong 96 113 110 126 170 142 168 217
Hungary 1 1 1 1 2 2 1 1
Iceland 1 1 1 1 2 2 2 2
India 3 4 4 6 9 8 12 22

[Botany]

29. Calling in the U.S. debt that is held by other countries would tank our economy.

Trump is way in over his head.

[wolfie001]

31. fat orange imbecile

Quite the "dealmaker" and p3do.
[img][/img]