The Swiss National Bank Cuts Positions of Big Name Mining Shares in First Quarter.
Swiss National Bank Cuts Holdings in Large Miners by 7-15% in Q1 2017.
Positions in Franco Nevada, Goldcorp, Silver Wheaton and Yamana Gold holdings each cut over 10%.
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Swiss National Bank Cuts Gold and Silver Mining Share Holdings
In August 2016, 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). We have been tracking the SNB mining share portfolio quarterly since then. Other then a trimming of shares in the third quarter of 2016, the number of companies and shares in the SNB gold and silver mining portfolio remained essentially the same through the end of 2016.
Until the first quarter of 2017.
Late last week, 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 March 31, 2017. The Swiss National Bank reported holdings of over 2,500 U.S. companies as of March 31, 2017 worth approximately $80 billion, up from about $63 billion in the fourth quarter of 2016..
The latest Swiss National Bank’s 13F showed however, a decline in the number of mining shares of the SNB’s largest holdings
The SNB cut its holdings in only 10 of its thirty-three gold and silver mining companies. Eight of the holdings cut were from the SNB ten largest gold and silver mining positions, including Goldcorp (1.134m shares sold since 6/30/2016), Franco Nevada (278,700 shares sold since 6/30/2016) and Agnico Mines (286,400 shares sold since 6/30/2016). Newmont Mining, SNB’s top holding avoided the chopping block as 430,800 Newmont shares were added to the SNB portfolio since June 30 2016.
Sign Up For Smaulgld.com Updates Here!
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.
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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 TRIMS GOLD AND SILVER MINING PORTFOLIO IN THIRD QUARTER 2016
VALUE OF THE SWISS NATIONAL BANK’S MINING SHARE PORTFOLIO FALLS 30%
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.”
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com for free to receive gold and silver updates.
Perth Mint sales data: The Perth Mint Blog
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the BGASC, Golden Eagle Coin, Money Metals Exchange, SD Bullion and Royal Canadian Mint ads on the site.
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
