The Czech National Bank raised its investments in shares of Apple, Tesla, AT&T, and Microsoft by about 50% in the third quarter.
The Czech National Bank added about 50% to investments in Apple stock , Tesla stock , AT&T stock , and Microsoft stock in the third quarter. The bank disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
Apple stock rose 32% in the first nine months of 2023, almost wiping out a 27% drop in 2022. So far in the fourth quarter, shares are down 1.7%. For comparison, the S&P 500 rose 12% in the first nine months of 2023, after a 19% drop in 2022. So far in the fourth quarter, the index is down 4.0%. The Czech National Bank bought 163,682 more Tesla shares in the third quarter to lift its investment to 482,573 shares. Tesla stock rocketed 103% in the first nine months of the year, following a 65% plunge in 2022. So far in the fourth quarter, shares are down 17%.
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