Three companies were removed from the list, which now totals 106 excluded companies.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
Allocation percentage to be determined.
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.