Lates News

The value of U.S. stock foreign exchange reserves held by the Swiss National Bank (SNB) grew by more than 10% in the second quarter, reaching the highest level on record. According to the 13F-HR document submitted by the SNB to the U.S. Securities and Exchange Commission on Tuesday, as of June 30, the bank held shares in over 2,300 U.S. listed companies, with a total value of $191.4 billion. The SNB allocated just over a quarter of its foreign exchange reserves to stocks, some of which are invested in the United States. The top three holdings are Nvidia (NVDA.O), Apple (AAPL.O), and Microsoft (MSFT.O). The bank also holds a $716.6 million stake in defense software company Palantir, despite previous demands from activist investors for it to sell its roughly $1.1 billion position in Palantir, which the SNB rejected.