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 | |
|---|---|---|---|---|---|---|
|
ABAX
1626
DELISTED
Abaxis Inc
ABAX
| $1.24M | ﹤0.01% |
28,200
+3,600
| +15% | +$177K |
|
|
ENV
1627
DELISTED
ENVESTNET, INC.
ENV
| $1.24M | ﹤0.01% |
41,400
+6,400
| +18% | +$235K |
|
1628
MiMedx Group
MDXG
$614M
| $1.24M | ﹤0.01% |
128,500
+16,100
| +14% | +$170K |
|
|
BRS
1629
DELISTED
Bristow Group, Inc.
BRS
| $1.24M | ﹤0.01% |
47,400
+5,900
| +14% | +$236K |
|
1630
Allegiant Air
ALGT
$2.32B
| $1.24M | ﹤0.01% |
5,728
+1,428
| +33% | +$300K |
|
1631
AMERISAFE
AMSF
$513M
| $1.24M | ﹤0.01% |
24,900
+3,200
| +15% | +$155K |
|
|
ATW
1632
DELISTED
Atwood Oceanics
ATW
| $1.24M | ﹤0.01% |
83,600
+10,300
| +14% | +$201K |
|
1633
Nelnet
NNI
$4.55B
| $1.24M | ﹤0.01% |
35,700
+4,300
| +14% | +$169K |
|
1634
ESCO Technologies
ESE
$7.93B
| $1.24M | ﹤0.01% |
34,400
+4,700
| +16% | +$173K |
|
|
SHLM
1635
DELISTED
Schulman (A.) Inc
SHLM
| $1.23M | ﹤0.01% |
38,000
+5,000
| +15% | +$177K |
|
|
ZSPH
1636
DELISTED
ZS PHARMA INC COMS TK (DE)
ZSPH
| $1.23M | ﹤0.01% |
18,800
+2,700
| +17% | +$162K |
|
|
ZU
1637
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $1.23M | ﹤0.01% |
70,900
+8,500
| +14% | +$132K |
|
|
AMWD
1638
DELISTED
American Woodmark
AMWD
| $1.23M | ﹤0.01% |
19,000
+2,300
| +14% | +$145K |
|
|
WSTC
1639
DELISTED
West Corporation
WSTC
| $1.23M | ﹤0.01% |
54,900
+7,500
| +16% | +$198K |
|
|
CUB
1640
DELISTED
Cubic Corporation
CUB
| $1.23M | ﹤0.01% |
29,300
+2,900
| +11% | +$126K |
|
1641
Scholastic
SCHL
$785M
| $1.23M | ﹤0.01% |
31,500
+4,000
| +15% | +$172K |
|
|
ECOL
1642
DELISTED
US Ecology, Inc.
ECOL
| $1.23M | ﹤0.01% |
28,100
+3,600
| +15% | +$171K |
|
1643
MBIA
MBI
$259M
| $1.23M | ﹤0.01% |
201,400
+25,900
| +15% | +$166K |
|
|
CNSL
1644
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $1.22M | ﹤0.01% |
63,500
+8,600
| +16% | +$172K |
|
1645
Brady Corp
BRC
$4.43B
| $1.22M | ﹤0.01% |
62,200
+8,000
| +15% | +$181K |
|
|
QLGC
1646
DELISTED
QLOGIC CORP
QLGC
| $1.22M | ﹤0.01% |
119,300
+15,600
| +15% | +$164K |
|
|
WEB
1647
DELISTED
Web.com Group, Inc.
WEB
| $1.22M | ﹤0.01% |
57,900
+7,100
| +14% | +$163K |
|
1648
Repligen
RGEN
$9.45B
| $1.22M | ﹤0.01% |
43,800
+9,800
| +29% | +$354K |
|
1649
Stewart Information Services
STC
$2.07B
| $1.22M | ﹤0.01% |
29,800
+2,800
| +10% | +$111K |
|
|
SRCI
1650
DELISTED
SRC Energy Inc
SRCI
| $1.22M | ﹤0.01% |
124,300
+14,900
| +14% | +$152K |
|
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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.