Switzerland has a central bank that operates as a hedge fund. They seek profit. Over the years, they aggressively bought US equities and profited greatly. It seems as though in the 4th quarter of 2018, they lost a considerable percentage of their portfolio’s value due to the crash in equity prices, particularly the tech shares they own. That didn’t seem to stop them from buying more however.
EDGAR Filing Documents for 0001582202-19-000001
https://www.sec.gov/Archives/edgar/data/1582202/000158220219000001000158220219000001/0001582202-19-000001-index.htm
Swiss National Bank Top Holdings 13F Filings
https://www.holdingschannel.com/13f/swiss-national-bank-top-holdings/
Swiss National Bank - 13F Filing History - Fintel.io
https://fintel.io/i13fs/swiss-national-bank
Swiss National Bank - 13F Filing - December 31, 2018 - Fintel.io
https://fintel.io/i13f/swiss-national-bank/2018-12-31-0
SWISS NATIONAL BANK Top Holdings
https://whalewisdom.com/filer/swiss-national-bank
Swiss National Bank
https://data.snb.ch/en/topics/snb#!/cube/snbbipo
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