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Swiss National Bank Slammed For Massive Valeant Loss; Adds Another 900,000 Apple Shares In Q3

Thursday, November 5, 2015 12:20
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zerohedge.com / by Tyler Durden on 11/05/2015 10:07

Six months ago we were surprised to learn 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.

Then three months ago, in its Q2 13-F update, this number rose to $1.2 billion when the SNB added another 490K shares in its top position.

Overnight, the SNB which unlike the Fed and the other “serious” central bank hedge funds, released a 13-F updating on its latest stock portfolio.

We learned that in the quarter in which AAPL stock tumbled to $92 during the August 24 ETFlash crash, and has since then rebounded once again (perhaps courtesy of SNB buying) the Swiss money printing authority which reported a record $20 billion loss in the second quarter, and a record $52 billion in the first half, added another 909,000 AAPL shares, bringing its new grand total to 10.3 million shares, however due to the decline in AAPL’s price, its dollar-equivalent value declined to $1.1 billion as of Sept. 30.

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The post Swiss National Bank Slammed For Massive Valeant Loss; Adds Another 900,000 Apple Shares In Q3 appeared first on Silver For The People.



Source: http://silveristhenew.com/2015/11/05/swiss-national-bank-slammed-for-massive-valeant-loss-adds-another-900000-apple-shares-in-q3-2/
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