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 | |
|---|---|---|---|---|---|---|
|
KND
1376
DELISTED
Kindred Healthcare
KND
| $1.83M | ﹤0.01% |
115,957
+25,900
| +29% | +$524K |
|
|
CBM
1377
DELISTED
Cambrex Corporation
CBM
| $1.82M | ﹤0.01% |
46,000
+5,500
| +14% | +$257K |
|
|
MINI
1378
DELISTED
Mobile Mini Inc
MINI
| $1.82M | ﹤0.01% |
59,000
+7,700
| +15% | +$272K |
|
1379
Horace Mann Educators
HMN
$2.09B
| $1.81M | ﹤0.01% |
54,600
+7,100
| +15% | +$246K |
|
|
DCH
1380
Dauch Corp
DCH
$1.6B
| $1.81M | ﹤0.01% |
90,800
+12,000
| +15% | +$243K |
|
1381
TFS Financial
TFSL
$4.96B
| $1.81M | ﹤0.01% |
105,000
+11,700
| +13% | +$198K |
|
1382
La-Z-Boy
LZB
$1.67B
| $1.81M | ﹤0.01% |
68,100
+9,000
| +15% | +$239K |
|
|
SAFM
1383
DELISTED
Sanderson Farms Inc
SAFM
| $1.8M | ﹤0.01% |
26,300
+2,800
| +12% | +$196K |
|
1384
Descartes Systems
DSGX
$6.46B
| $1.79M | ﹤0.01% |
101,600
+13,600
| +15% | +$231K |
|
|
GES
1385
DELISTED
Guess Inc
GES
| $1.79M | ﹤0.01% |
83,900
+11,700
| +16% | +$253K |
|
1386
Genesco
GCO
$394M
| $1.79M | ﹤0.01% |
31,300
+4,000
| +15% | +$248K |
|
|
LTXB
1387
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $1.79M | ﹤0.01% |
58,600
+7,500
| +15% | +$219K |
|
1388
Eagle Bancorp
EGBN
$880M
| $1.78M | ﹤0.01% |
39,232
+8,862
| +29% | +$390K |
|
|
EXPR
1389
DELISTED
Express, Inc.
EXPR
| $1.78M | ﹤0.01% |
4,990
+645
| +15% | +$242K |
|
1390
Meritage Homes
MTH
$4.8B
| $1.77M | ﹤0.01% |
97,200
+13,000
| +15% | +$280K |
|
1391
St. Joe Company
JOE
$3.91B
| $1.77M | ﹤0.01% |
92,400
+11,600
| +14% | +$197K |
|
1392
RBC Bearings
RBC
$17.7B
| $1.77M | ﹤0.01% |
29,600
+4,000
| +16% | +$260K |
|
|
DGI
1393
DELISTED
DigitalGlobe Inc.
DGI
| $1.77M | ﹤0.01% |
92,900
+11,500
| +14% | +$272K |
|
|
COR
1394
DELISTED
Coresite Realty Corporation
COR
| $1.76M | ﹤0.01% |
34,300
+4,400
| +15% | +$217K |
|
1395
Simmons First National
SFNC
$3.47B
| $1.76M | ﹤0.01% |
73,380
+38,724
| +112% | +$887K |
|
|
EEQ
1396
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.76M | ﹤0.01% |
101,660
+12,370
| +14% | +$254K |
|
|
AMAG
1397
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.76M | ﹤0.01% |
44,257
+14,757
| +50% | +$916K |
|
1398
Apogee Enterprises
APOG
$886M
| $1.75M | ﹤0.01% |
39,300
+5,000
| +15% | +$262K |
|
|
PEI
1399
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.75M | ﹤0.01% |
5,880
+773
| +15% | +$243K |
|
1400
Plexus
PLXS
$7.15B
| $1.75M | ﹤0.01% |
45,300
+5,600
| +14% | +$215K |
|
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.