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Swiss National Bank Quietly Builds $174 Billion U.S. Equity Stake as Franc Strength Persists
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Swiss National Bank Quietly Builds $174 Billion U.S. Equity Stake as Franc Strength Persists
The Swiss National Bank disclosed that its holdings of U.S. stocks climbed to $173.8 billion at the end of the first quarter. The figure, revealed in a routine filing with the Securities and Exchange Commission, marks a roughly 3% rise from the previous period. It stands as the highest level in four years. Only once before, in March 2022, did the portfolio exceed this mark, topping out slightly above $177 billion. This isn’t pocket change. The s…
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