Swiss National Bank Portfolio holdings
The Swiss National Bank (SNB), founded in 1907 and headquartered in Zurich with an office in Bern, is Switzerland’s central bank, responsible for conducting monetary policy, issuing the Swiss franc, and ensuring price stability, while uniquely managing a massive investment portfolio. Unlike most central banks, the SNB is a joint-stock company with shares traded on the SIX Swiss Exchange, owned roughly 55% by public entities like cantons and 45% by private investors, yet it operates independently under federal oversight. It holds over $800 billion in foreign currency reserves as of late 2024—invested in global equities, bonds, and gold—to manage the franc’s value, famously intervening in markets to prevent excessive appreciation, as seen with the 2015 abandonment of the euro peg. Led by Chairman Thomas Jordan until his planned exit in September 2024, the SNB balances its dual role as a monetary authority and a significant global investor, influencing both Swiss and international financial stability.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Dycom Industries
DY
$12.3B
| $3.33M | 0.01% |
46,000
+5,900
| +15% | +$408K |
|
1002
New Jersey Resources
NJR
$5.64B
| $3.33M | 0.01% |
110,800
+15,300
| +16% | +$435K |
|
|
TUP
1003
DELISTED
Tupperware Brands Corporation
TUP
| $3.32M | 0.01% |
67,100
+8,400
| +14% | +$471K |
|
1004
Take-Two Interactive
TTWO
$45.2B
| $3.31M | 0.01% |
115,400
+14,400
| +14% | +$428K |
|
1005
Cheesecake Factory
CAKE
$5.57B
| $3.31M | 0.01% |
61,400
+6,700
| +12% | +$368K |
|
|
AAN.A
1006
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $3.3M | 0.01% |
91,500
+11,000
| +14% | +$397K |
|
1007
PBF Energy
PBF
$8.81B
| $3.3M | 0.01% |
116,800
+14,600
| +14% | +$443K |
|
|
TECD
1008
DELISTED
Tech Data Corp
TECD
| $3.29M | 0.01% |
48,000
+4,800
| +11% | +$294K |
|
1009
Helen of Troy
HELE
$699M
| $3.29M | 0.01% |
36,800
+4,600
| +14% | +$412K |
|
1010
Spire
SR
$4.9B
| $3.28M | 0.01% |
60,150
+11,700
| +24% | +$622K |
|
1011
Regal Rexnord
RRX
$11.4B
| $3.27M | 0.01% |
58,000
+7,600
| +15% | +$509K |
|
1012
Spectrum Brands
SPB
$2.09B
| $3.26M | 0.01% |
35,600
+4,500
| +14% | +$447K |
|
1013
Home BancShares
HOMB
$6.27B
| $3.25M | 0.01% |
160,480
+27,680
| +21% | +$538K |
|
1014
G-III Apparel Group
GIII
$1.43B
| $3.25M | 0.01% |
52,700
+6,800
| +15% | +$467K |
|
1015
NorthWestern Energy
NWE
$4.4B
| $3.23M | 0.01% |
60,100
+8,000
| +15% | +$417K |
|
|
KATE
1016
DELISTED
Kate Spade & Company
KATE
| $3.23M | 0.01% |
169,000
+21,900
| +15% | +$437K |
|
1017
ACI Worldwide
ACIW
$5.42B
| $3.23M | 0.01% |
152,800
+20,300
| +15% | +$458K |
|
1018
Telephone and Data Systems
TDS
$4.03B
| $3.22M | 0.01% |
128,900
+16,200
| +14% | +$455K |
|
|
TCF
1019
DELISTED
TCF Financial Corporation
TCF
| $3.21M | 0.01% |
212,000
+27,900
| +15% | +$443K |
|
1020
First Industrial Realty Trust
FR
$8.4B
| $3.21M | 0.01% |
153,200
+18,500
| +14% | +$372K |
|
|
MBFI
1021
DELISTED
MB Financial Corp
MBFI
| $3.21M | 0.01% |
98,312
+12,500
| +15% | +$417K |
|
1022
Fossil Group
FOSL
$330M
| $3.19M | 0.01% |
57,141
+6,600
| +13% | +$418K |
|
1023
KBR
KBR
$4.81B
| $3.19M | 0.01% |
191,341
+23,700
| +14% | +$417K |
|
|
AFSI
1024
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $3.19M | 0.01% |
101,180
+13,800
| +16% | +$437K |
|
|
CAB
1025
DELISTED
Cabela's Inc
CAB
| $3.18M | 0.01% |
69,700
+9,300
| +15% | +$434K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.