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 | |
|---|---|---|---|---|---|---|
1051
Valmont Industries
VMI
$9.5B
| $3.06M | 0.01% |
32,300
+3,500
| +12% | +$383K |
|
1052
Valley National Bancorp
VLY
$8.3B
| $3.06M | 0.01% |
311,400
+39,000
| +14% | +$384K |
|
1053
Bloomin' Brands
BLMN
$924M
| $3.06M | 0.01% |
168,200
+21,000
| +14% | +$449K |
|
|
UFS
1054
DELISTED
DOMTAR CORPORATION (New)
UFS
| $3.06M | 0.01% |
85,500
+10,700
| +14% | +$423K |
|
|
HPY
1055
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $3.06M | 0.01% |
48,500
+6,300
| +15% | +$375K |
|
1056
Diamondrock Hospitality Co
DRH
$2.51B
| $3.04M | 0.01% |
275,400
+33,800
| +14% | +$416K |
|
1057
Ryman Hospitality Properties
RHP
$7.87B
| $3.04M | 0.01% |
61,800
+7,900
| +15% | +$423K |
|
|
NUVA
1058
DELISTED
NuVasive, Inc.
NUVA
| $3.03M | 0.01% |
62,900
+8,300
| +15% | +$429K |
|
1059
Genworth Financial
GNW
$3.77B
| $3.02M | 0.01% |
654,686
+102,090
| +18% | +$601K |
|
1060
Wolverine World Wide
WWW
$1.63B
| $3.02M | 0.01% |
139,400
+18,700
| +15% | +$509K |
|
1061
Chemed
CHE
$7.02B
| $3.02M | 0.01% |
22,600
+2,900
| +15% | +$406K |
|
1062
Cathay General Bancorp
CATY
$4.31B
| $3.01M | 0.01% |
100,400
+12,800
| +15% | +$400K |
|
|
CEB
1063
DELISTED
CEB Inc.
CEB
| $3M | 0.01% |
43,900
+5,600
| +15% | +$433K |
|
|
AKRX
1064
DELISTED
Akorn Inc
AKRX
| $3M | 0.01% |
105,200
+17,500
| +20% | +$723K |
|
1065
Fulton Financial
FULT
$4.69B
| $2.99M | 0.01% |
247,300
+25,800
| +12% | +$325K |
|
1066
The GEO Group
GEO
$4B
| $2.99M | 0.01% |
150,900
+19,350
| +15% | +$428K |
|
|
CTLT
1067
DELISTED
CATALENT, INC.
CTLT
| $2.99M | 0.01% |
122,914
+15,500
| +14% | +$471K |
|
1068
Clean Harbors
CLH
$16.9B
| $2.98M | 0.01% |
67,700
+8,100
| +14% | +$402K |
|
|
TXNM
1069
TXNM Energy Inc
TXNM
$5.91B
| $2.97M | 0.01% |
106,000
+13,300
| +14% | +$347K |
|
1070
Interactive Brokers
IBKR
$41.4B
| $2.97M | 0.01% |
301,200
+37,200
| +14% | +$383K |
|
1071
Healthcare Services Group
HCSG
$1.45B
| $2.97M | 0.01% |
88,000
+11,600
| +15% | +$392K |
|
|
INVX
1072
Innovex International
INVX
$2.15B
| $2.96M | 0.01% |
50,900
+6,900
| +16% | +$440K |
|
1073
Cimpress
CMPR
$2.37B
| $2.92M | 0.01% |
38,400
+5,100
| +15% | +$379K |
|
|
PFPT
1074
DELISTED
Proofpoint, Inc.
PFPT
| $2.92M | 0.01% |
48,452
+6,600
| +16% | +$410K |
|
1075
WaFd
WAFD
$2.81B
| $2.92M | 0.01% |
128,400
+13,000
| +11% | +$298K |
|
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.