The Swiss National Bank’s Gold and Silver Mining Share Holdings Fall $111 million in the Third Quarter.
Swiss National Bank Trims Gold Mining Holdings of Newmont Mining, Goldcorp, Franco Nevada, others.
A Decline in the Number of Shares Held and a Decline in the Value of Mining Shares, Reduces Value of Portfolio.
Swiss National Bank company holdings remain the same; adds Osisko Gold Royalties.
Swiss National Bank Precious Metals Mining Shares Valued at Approximately $876 million.
Swiss National Bank Cuts Gold and Silver Mining Share Holdings
In August we reported the existence of the Swiss National Bank’s gold and silver mining portfolio. As at August 4, 2016, the Swiss National Bank (SNB) precious metal mining share portfolio based on its holdings as of June 30, 2016, was approximately $987 million (see chart below).
Today, the Swiss National Bank filed its Form 13-F with the United States Securities and Exchange Commission, detailing its U.S. securities positions as of September 30 2016. The Swiss National Bank reported holdings of over 2,500 U.S. companies as of September 30, 2016 worth approximately $60 billion.
The latest Swiss National Bank’s 13F showed a decline in the number of mining shares held and their values. The value of the SNB’s gold and silver mining portfolio fell to approximately $876 million.
As of June 30, 2016, the Swiss National Bank held thirty gold and silver mining companies. As of September 30, 2016, the Swiss National Bank held thirty-one companies gold and silver mining companies, adding a position in Osisko Gold Royalties Ltd.
The SNB cut its holdings in seventeen of its thirty gold and silver mining companies, including its top three holdings – Newmont Mining (56,800 shares sold), Goldcorp (64,700 shares sold) and Franco Nevada (13,800 shares sold). They added to eight of their positions, including Agnico Eagle Mines (added 5,780 shares) and IAM Gold (added 30,100 shares) and left five positions unchanged.
The bulk of the selling took place in the SNB’s largest gold and silver mining share holdings and the additions and inactivity were in the SNB’s smaller share holdings.
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Swiss National Bank Gold and Silver Mining Share Holdings as of September 30, 2016
Of the approximately $60 billion in equity shares the Swiss National Bank holds, approximately $876 million are in the form of gold and silver mining shares. Values above are as at September 30, 2016.
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Swiss National Bank Gold and Silver Mining Share Holdings as of August 4, 2016
Of the sixty-three billion dollars in equity shares the Swiss National Bank holds, approximately $1 billion are in the form of gold and silver mining shares. Values above are as at August 5, 2016.
The Swiss National Bank has sold much of its gold, but it is loading up on gold and silver mining shares
Further Reading
THE SWISS NATIONAL BANK’S $1 BILLION GOLD AND SILVER MINING SHARE PORTFOLIO
HOW THE SWISS NATIONAL BANK BUILT A $1 BILLION MINING SHARE PORTFOLIO
NORWAY’S CENTRAL BANK FILES FOR CONFIDENTIAL TREATMENT OF ITS US EQUITY HOLDINGS
Swiss National Bank share holdings source: Swiss National Bank SEC filing, also available here showing the SNB owns a total of over $63 billion in US equities. Share prices were derived from Yahoo Finance.
Note: the share amounts filed with the Securities and Exchange Commission by the Swiss National Bank are subject to the following caveat by the SEC: “The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete.”
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Perth Mint sales data: The Perth Mint Blog
Further Reading:
Perth Mint Sales (monthly archive)
Canadian Mint Sales (quarterly and annual archives)
US Mint Sales (monthly archive)
Gold and Silver Sales at the U.S. Mint in 2014
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