Forsta AP-fonden manages about $41 billion of the pension’s overall assets of more than $1 trillion with a mandate to invest “so as to achieve high returns over the long term at low risk.” In other words, it thinks these four are no longer "safe enough." 

The outfit flogged 519,900 Apple shares in the first quarter to lower its investment to four million shares. Apple reported disappointing December quarter earnings in February. 

Tesla’s first-quarter earnings, reported in April, disappointed and its shares are down 21 per cent. The pension sold 81,800 Tesla shares to end the first quarter with 642,600 shares.

Forsta AP-fonden made more severe cuts percentage-wise to its investments in chip stocks Intel and Nvidia, respectively selling 443,800 shares and 137,100 shares to end March with 838,346 shares and 588,700 shares. In the second quarter, they are down 5 per cent and flat, respectively.