Nearly 25 billion euros have been withdrawn from US investments by ABP, the largest Dutch pension fund, pushing its US government bond holdings down to 4.6 billion euros from 19 billion in September 2025. US equity holdings fell by 10 billion euros, driven by sales of Nvidia (from over 9 billion to 4.6 billion), Apple (down 3 billion), and Microsoft (down 3.6 billion), which the fund attributed to risk management and rebalancing after tech gains increased their portfolio weight.