I doubt it. They deny it, and they say the movement they made out of a number of investments represents only a portion of their total Israel-related holdings. But the story doesn’t completely add up, and for a bunch of smart people, it’s hard to believe they didn’t have a public relations strategy (including perhaps making some new Israeli investments to counter the announcement of the divestments) to preempt what they had to know would be the negative backlash from their SEC filing. Handling it this way, Harvard has stoked suspicions that this was a trial balloon with an eye toward complete divestment.