SNB Reduces Holdings in Apple, Exxon, J&J, SEC Filing Shows
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The Swiss National Bank reduced the number of shares it held in Apple Inc., Exxon Mobil Corp. and Johnson & Johnson in the fourth quarter, a U.S. regulatory filing shows.
The central bank, based in Bern and Zurich, owned 4.7 percent fewer shares in the iPhone maker on Dec. 31 than at the end of September, according to a Feb. 3 filing. It cut its holdings in Exxon by 3.5 percent, while its J&J stake declined by 7.4 percent. Those companies still remained its top three U.S. equity holdings, the data showed.