Zen investor One of the privileges of writing here at Børsgade is that you get to follow the doings of so many talented investors. One of the portfolios that really
Looking at Seth Klarman’s portfolio for the second quarter of 2022, there’s a pretty clear trend: he’s reducing a large number of his positions. These include Alphabet (Google), Intel, Dropbox, Fiserv, Meta, Intel and more than 20 other positions. In other words, the overall picture is that Klarman has taken a more defensive position and is a fairly significant net seller of shares.
Turbulent financial markets had a pronounced impact on the first half of 2022. Rising interest rates and falling equity prices resulted in a negative investment result for ATP, but do not cast doubt on the fundamental security of the guaranteed pensions.
We are now officially in a bear market, which means that the major indices have fallen more than 20% from peak to (so far) trough. The NASDAQ has fallen more
For the third time, ATP invests in Swedish Northvolt, a developer and manufacturer of the world’s greenest electric car batteries. The Danish pension fund invests DKK 400 million and the total investment from ATP now reaches DKK 1.9 billion.
After a long period of rather limited activity, Buffett is once again in a shopping mood. The market has taken a nice dive from the top, which has created opportunities. In Buffett’s case, this has resulted in a net purchase of $41.4 billion. USD when offsetting the sale of other shares during the period. It’s the largest single-quarter purchase ever.
ATP’s efforts to obtain ESG data from the unlisted area of the investment universe are growing. Industriens Pension and PenSam are now joining ATP’s questionnaire for funds and unlisted companies in order to push for more sustainability in the portfolio. Data is crucial for the pension sector to deliver on the ambition of value-creating ESG integration, including contributing to the green transition by reducing CO2 emissions in all parts of the business.
Warren Buffett recently gave a rare interview with journalist Charlie Rose, where they cover a wide range of interesting topics such as index investing, why he is so happy when
A sensational sale One of the investment cases that I have previously written positively about on this site is Alibaba. It therefore raised a few eyebrows when the highly competent
A targeted investment strategy and tight risk management meant that ATP once again generated record results in 2021. The investment return of almost DKK 50 billion has never been higher, and after the high returns of the last three years, there was room in 2021 to increase pensions by DKK 30.4 billion, which is also the largest increase ever.
The term “Motley Fool” is taken by D&T Gardner from Shakespear’s comedy “As you like it”. Like Sharespeare’s court jester, the Gardner brothers want to be able to tell kings and queens (or all of us) the truth that no one else dares to say for fear of losing their heads (or their jobs on Wall Street). Their philosophy is one part humor and one part truth. Not a bad starting point at all.
Hot water from deep in the Earth’s interior will provide renewable energy in the detached house. The geothermal plant, which will be the largest in the EU, will now be established in Aarhus. ATP is a major investor in the project and thus plays a crucial role in exploiting the world’s fourth renewable energy source here in Denmark.
