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 | 16.12% |
| 2 | Technology | 14.65% |
| 3 | Industrials | 10.73% |
| 4 | Consumer Discretionary | 10.43% |
| 5 | Consumer Staples | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
OSI Systems
OSIS
$3.82B
| $1.89M | ﹤0.01% |
24,600
+3,200
| +15% | +$231K |
|
1352
Boyd Gaming
BYD
$6.03B
| $1.89M | ﹤0.01% |
116,100
+14,600
| +14% | +$242K |
|
1353
Colliers International
CIGI
$5.15B
| $1.89M | ﹤0.01% |
46,700
+8,500
| +22% | +$364K |
|
|
FOLD
1354
DELISTED
Amicus Therapeutics
FOLD
| $1.89M | ﹤0.01% |
135,100
+17,000
| +14% | +$267K |
|
|
CRZO
1355
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $1.89M | ﹤0.01% |
61,900
+8,900
| +17% | +$323K |
|
|
KYTH
1356
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $1.89M | ﹤0.01% |
25,193
+5,713
| +29% | +$427K |
|
|
KS
1357
DELISTED
KapStone Paper and Pack Corp.
KS
| $1.88M | ﹤0.01% |
114,100
+14,600
| +15% | +$319K |
|
|
SWFT
1358
DELISTED
Swift Transportation Company
SWFT
| $1.88M | ﹤0.01% |
125,400
+15,500
| +14% | +$326K |
|
1359
Huron Consulting
HURN
$2.47B
| $1.88M | ﹤0.01% |
30,100
+4,300
| +17% | +$308K |
|
|
AVP
1360
DELISTED
Avon Products, Inc.
AVP
| $1.88M | ﹤0.01% |
577,900
+73,400
| +15% | +$372K |
|
1361
International Bancshares
IBOC
$4.52B
| $1.87M | ﹤0.01% |
74,800
+9,500
| +15% | +$248K |
|
1362
Sarepta Therapeutics
SRPT
$1.95B
| $1.87M | ﹤0.01% |
58,300
+6,200
| +12% | +$210K |
|
|
JOY
1363
DELISTED
Joy Global Inc
JOY
| $1.86M | ﹤0.01% |
124,388
+16,400
| +15% | +$398K |
|
1364
Universal Display
OLED
$4.18B
| $1.85M | ﹤0.01% |
54,600
+7,500
| +16% | +$313K |
|
1365
Nektar Therapeutics
NKTR
$2.57B
| $1.85M | ﹤0.01% |
11,253
+1,480
| +15% | +$262K |
|
|
AAT
1366
American Assets Trust
AAT
$1.41B
| $1.85M | ﹤0.01% |
45,200
+5,700
| +14% | +$229K |
|
1367
Rambus
RMBS
$10.8B
| $1.85M | ﹤0.01% |
156,500
+19,500
| +14% | +$253K |
|
|
GWB
1368
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.85M | ﹤0.01% |
72,800
+28,000
| +63% | +$704K |
|
|
AVNS
1369
DELISTED
Avanos Medical
AVNS
| $1.85M | ﹤0.01% |
64,900
+7,700
| +13% | +$269K |
|
1370
Simpson Manufacturing
SSD
$7.99B
| $1.84M | ﹤0.01% |
55,100
+7,600
| +16% | +$265K |
|
|
SFLY
1371
DELISTED
Shutterfly, Inc.
SFLY
| $1.84M | ﹤0.01% |
51,500
+6,000
| +13% | +$250K |
|
|
AYR
1372
DELISTED
Aircastle Ltd
AYR
| $1.84M | ﹤0.01% |
89,200
+11,100
| +14% | +$244K |
|
|
HW
1373
DELISTED
Headwaters Inc
HW
| $1.84M | ﹤0.01% |
97,700
+13,100
| +15% | +$256K |
|
|
PKY
1374
DELISTED
Parkway, Inc.
PKY
| $1.83M | ﹤0.01% |
117,700
+23,700
| +25% | +$400K |
|
|
FMBI
1375
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $1.83M | ﹤0.01% |
104,200
+13,000
| +14% | +$236K |
|
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 17% 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.