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SNB Gets Pummeled by Markets as Its U.S. Stock Hoard Loses 13%

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The Swiss National Bank took a beating on its U.S. stock portfolio at the end of 2018, with its stakes in Amazon and Facebook tumbling about 20 percent amid a market slump.

The SNB, whose investments mirror indexes, owned stock in 2,536 U.S. companies worth a total of almost $78 billion, down 13 percent from the previous quarter, according to a regulatory filing. The value of its holding in movie streaming service Netflix plummeted 27 percent, according to the data.