{"id":10781,"date":"2015-08-05T19:34:23","date_gmt":"2015-08-06T00:34:23","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10781"},"modified":"2015-08-05T19:34:23","modified_gmt":"2015-08-06T00:34:23","slug":"the-swiss-national-bank-bought-another-500000-aapl-shares-just-before-10-correction","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10781","title":{"rendered":"The Swiss National Bank Bought Another 500,000 AAPL Shares Just Before 10% Correction"},"content":{"rendered":"

The Swiss National Bank Bought Another 500,000 AAPL Shares Just Before 10% Correction<\/a><\/h3>\n

Three months ago we were stunned to learn,\u00a0and report<\/a>, that the Swiss National Bank – a central bank – had been one of the biggest buyers of AAPL stock in the first quarter, when it added 3.3 million shares to its existing position, or 60%, bringing the total to 9 million shares, for a grand total of $1.1 billion. Moments ago, the SNB which unlike the Fed and the other “serious” central banks releases a 10-Q divulging its equity holdings, updated on its\u00a0latest stock portfolio<\/a>.<\/p>\n

We were amused to learn that in the quarter in which AAPL stock almost hit a new all time high, the Swiss money printing authority which reported a record\u00a0$20 billion loss in the second quarter<\/a>, and a record $52 billion in the first half, added another 500,000 AAPL shares, bringing its new grand total to a whopping 9.4 million shares, equivalent to $1.2 billion as of June 30 (well below that now following the recent 10% correction).<\/p>\n

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At $1.2 billion, AAPL remains the top holding of the SNB, almost double the second largest position, which as of June 30 was Exxon stock valued at $637 million (and is worth much less now, and has most likely been surpassed in notional terms by #3 MSFT).<\/p>\n

So what are the the Swiss hedge fund with\u00a0nearly $94 billion in equity holdings<\/a>? Here is the full breakdown.<\/p>\n

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Now if only the Fed would be this transparent about its own equity holdings…<\/p>\n

<\/div>\n
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 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Swiss National Bank Bought Another 500,000 AAPL Shares Just Before 10% Correction Three months ago we were stunned to learn,\u00a0and report, that the Swiss National Bank – a central bank – had been one of the biggest buyers of AAPL stock in the first quarter, when it added 3.3 million shares to its existing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[29,124,274,303,2228,2701,1555,4318],"class_list":["post-10781","post","type-post","status-publish","format-standard","hentry","category-economics","tag-apple","tag-central-banks","tag-equity-market","tag-fed","tag-market","tag-snb","tag-swiss-national-bank","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10781"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10781\/revisions"}],"predecessor-version":[{"id":10782,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10781\/revisions\/10782"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}