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
|
+$407M |
| 2 |
ExxonMobil
XOM
|
+$212M |
| 3 |
Microsoft
MSFT
|
+$200M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$183M |
| 5 |
Johnson & Johnson
JNJ
|
+$158M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$58.6M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$43M |
| 3 |
BCE
BCE
|
+$39M |
| 4 |
PETM
PETSMART INC
PETM
|
+$11.8M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$11.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.15% |
| 2 | Technology | 14.86% |
| 3 | Industrials | 11.02% |
| 4 | Energy | 9.79% |
| 5 | Consumer Discretionary | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FNFV
1576
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $1.34M | ﹤0.01% |
94,894
-12,682
| -12% | -$171K |
|
|
BEL
1577
DELISTED
Belmond Ltd.
BEL
| $1.34M | ﹤0.01% |
108,900
+2,400
| +2% | +$27.7K |
|
1578
Kulicke & Soffa
KLIC
$5.06B
| $1.34M | ﹤0.01% |
85,500
| – | – |
|
|
CCMP
1579
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $1.33M | ﹤0.01% |
26,700
+500
| +2% | +$24.6K |
|
1580
NETGEAR
NTGR
$653M
| $1.33M | ﹤0.01% |
40,500
| – | – |
|
|
CMO
1581
DELISTED
Capstead Mortgage Corp.
CMO
| $1.33M | ﹤0.01% |
112,900
+2,400
| +2% | +$28.9K |
|
1582
Boyd Gaming
BYD
$6.1B
| $1.32M | ﹤0.01% |
93,300
| – | – |
|
|
SPTN
1583
DELISTED
SpartanNash
SPTN
| $1.32M | ﹤0.01% |
41,980
+6,800
| +19% | +$183K |
|
|
IMPV
1584
DELISTED
Imperva, Inc.
IMPV
| $1.32M | ﹤0.01% |
31,039
+9,939
| +47% | +$442K |
|
|
MEG
1585
DELISTED
Media General, Inc
MEG
| $1.32M | ﹤0.01% |
80,000
+1,400
| +2% | +$21.8K |
|
|
AF
1586
DELISTED
Astoria Financial Corporation
AF
| $1.32M | ﹤0.01% |
101,800
| – | – |
|
1587
Seaboard Corp
SEB
$4.12B
| $1.31M | ﹤0.01% |
318
| – | – |
|
1588
Standex International
SXI
$4B
| $1.31M | ﹤0.01% |
16,000
+400
| +3% | +$29.6K |
|
1589
ICU Medical
ICUI
$4.56B
| $1.31M | ﹤0.01% |
14,100
| – | – |
|
|
VRTU
1590
DELISTED
Virtusa Corporation
VRTU
| $1.31M | ﹤0.01% |
31,600
+900
| +3% | +$35.8K |
|
|
RSPP
1591
DELISTED
RSP Permian, Inc.
RSPP
| $1.31M | ﹤0.01% |
51,900
+13,100
| +34% | +$350K |
|
1592
Red Robin
RRGB
$188M
| $1.3M | ﹤0.01% |
15,000
| – | – |
|
1593
Scansource
SCSC
$1.07B
| $1.3M | ﹤0.01% |
32,100
+700
| +2% | +$26.5K |
|
1594
Descartes Systems
DSGX
$6.55B
| $1.3M | ﹤0.01% |
86,500
| – | – |
|
1595
Standard BioTools
LAB
$285M
| $1.3M | ﹤0.01% |
30,800
+800
| +3% | +$31.6K |
|
1596
Albany International
AIN
$1.81B
| $1.3M | ﹤0.01% |
32,600
+600
| +2% | +$22.4K |
|
1597
Westamerica Bancorp
WABC
$1.39B
| $1.3M | ﹤0.01% |
30,000
| – | – |
|
1598
Saia
SAIA
$10.2B
| $1.29M | ﹤0.01% |
29,100
| – | – |
|
|
DO
1599
DELISTED
Diamond Offshore Drilling
DO
| $1.29M | ﹤0.01% |
48,069
+14,000
| +41% | +$436K |
|
|
EIGI
1600
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.28M | ﹤0.01% |
67,400
+14,200
| +27% | +$259K |
|
Similar funds
Swiss National Bank's Q1 2015 Portfolio in Review
As of Q1 2015, Swiss National Bank held 2,582 positions worth $37.5B, up 40% from $26.7B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $10.3B of net new capital in Q1 2015, opening 14 new positions and adding to 1,633 existing holdings. Its largest new stake was Infosys: 2,143,352 shares worth $18.8M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was BCE, an estimated $39M trimmed.
- Swiss National Bank's largest Q1 2015 buy was Infosys: 2,143,352 shares worth $18.8M.
- Swiss National Bank added most to Apple in Q1 2015, an estimated $407M increase.
- Swiss National Bank's biggest Q1 2015 reduction was BCE, cutting an estimated $39M.
- Swiss National Bank fully exited Allergan Inc in Q1 2015, selling an estimated $58.6M.
- Swiss National Bank's ten largest holdings make up 14% of its $37.5B portfolio in Q1 2015.
- Swiss National Bank opened 14 new positions and closed 36 in Q1 2015.
- Swiss National Bank's portfolio value rose 40% quarter-over-quarter to $37.5B.
Based on Swiss National Bank's 13F filing for Q1 2015, filed 6 May 2015.