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The Swiss National Bank Bought Another 500,000 AAPL Shares Just Before 10% Correction
Three months ago we were stunned to learn, and 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 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 latest stock portfolio.
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 $20 billion loss in the second quarter, 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).
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).
So what are the the Swiss hedge fund with nearly $94 billion in equity holdings? Here is the full breakdown.
Now if only the Fed would be this transparent about its own equity holdings...
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SNB = New York FED
Doesn't matter, all that money is printed for free. They'll stick the loss on the taxpayers.
Yes, but now they are visibly "all-in" with their manipulations. End game. That is NOT to say it cannot continue for awhile yet.
Quite the opposite actually. Transparency is just another notch on the complacency belt. It accustoms the plebs to the 'new normal'...where actions (crimes) are blatant and cognitive dissonance sets in. No 'end game' in sight...
What are the ramifications should a central bank or banks become a companies largest share holder?
Fascism.
Anybody have a spare nuke????
Oh the irony of it all. A galactic sized hedge fund (aka SNB) buys another galactic sized hedge fund (AAPL's cash position) masquerading as a technology company.
(Full disclosure, I am a happy AAPL user, having dumped MS years ago)
LOOK!! they hold a large position in Gazprom!!
Who votes the proxies?
Maybe I should restate that.
When money is printed out of thin air, and used to take substantial positions in publicly held companies, companies which are now able to donate unlimited sums to politicians and have significant influence in the products that we are able to buy, and the laws that we are forced to abide by, WHO VOTES THE FUCKING PROXIES?
Central Banks the Ultimate Dumb Money
Why can't the central banks just print money and buy all the assets in the world?
Uhh, they are.
They wanted gold i-watches
Humm. Insider trading? Maybe the new iPhone will only run Windows 10 from now on?
well.. hard to say they lost 10% when they are just printing the chf to sell for usd to buy the equities.
They have to keep the Swiss franc down. This is the way to do it. Already loaded to the hilt in european bonds. Those drop more than 10%. More like 100%
Nice fucking work...
snb = worst hedge fund evah
With a CB like that, who needs enemies? The Swiss may win the race among western nations to third world status.
Sucks for them., that's a $5m loss in a day. At least they went long the franc before it appreciated 30% vs the dollar and euro. WIn some lose some, hedge with manipulation, baffle them with bullshit.
This shitshow can't last much longer, right?
:)
who cares, one or 2 clicks, all solved
I think William Tell was a Swiss folk hreo; now it's the apples turn. payback's a bitch.
Never give a Sucka an even break!
Have a sneaking suspicion they were the ones screwing up the RUT chart in Feb, a lot of odd, heavy-handed buying, not as sophisticated as the typical VWAP, TWAP or intraday trading algos, like a new guy joining a card game who doesn't know the 'rules.'
Somebody dig up Ferdinand Pecora quick and breath life into the SOB cause we ran out of "him" long, long ago!
Where is Glass Steagall when you need it?!!!
Think of all the Toblerones they could have bought with that sort of money
Someone
Needs to
Buy
So who unloaded the 500,000 shares? Makes ya wonder.
The governor?
Well at least their portfolio matches their cheese.
Hillary...Hillary...Hillary /s
On the bright side, given their large number of Johnson & Johnson shares, presumably KY Jelly is supplied in bulk, and free of charge.
Well, it is about forcing the value of the Swiss Franc down. The logic is simple. The more rubbish the SNB is buying the lower will be the Swiss Franc. Now that we know what the purpose is, we can optimise the strategy. Well not everything is wrong here. SNB already picked some reasonable rubbish. Amazon and Facebook are good choice. Google and Apple are reasonably overvalued - they could stay in as well. But, o boy, what are the value stocks doing here? Pfizer and Merck - I do not believe it. Take them out! Buy Twitter and Tesla. That is much better rubbish for your Swiss Franc. And the currency will finally do would it should and tank.
Good lord. Confiscating the property of Swiss citizens to give to a US corporation? What has this world come to?
Did FINRA ever get their hooks into the SNB? Is the SNB the (already)next Belgium?
I've heard lots of negotiations, but haven't seen much action from the SNB.
so .............who cares. they just print more money. they CAN print franks with no bodie's permission. it's their money!
Your point is valid. I was speaking from an legal standpoint.
Has the Swiss government merely created an illusion, and protected their high net worth clients, and cleared their "favor sheets"?
I haven't seen any change in banking rules, with respect to Switzerland. (enforcement)
When It's less expensive to pay the fine and/or litigate, who wins?
What an amazing coincidence!
Error, duplicate post.
So looks like the cabalists just "jewed" the Swiss again.
Surprise, suprise.
I wonder what cabalist conveniently "front ran" that trade at the expense of the white European Swiss taxapayer.
Somehow these guys sleep at night.
I'm sure you'd sleep just as well. The SNB have themselves to blame if they get eaten by sharks.
you can all laugh, but what else can they buy? shake shack?
AAPL is proxy for owning US Treasuries
Why are you morons so against APPL? it is a better OS than WINDOZE, and Bill Gates is as corrupt as they come
I want to invest in CHF. I saw some graphs from 1970 till now and seems to be very strong. Always raise before the others.
I am new on this. What do you think?
> I am new on this. What do you think?
Don't