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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALXN
226
DELISTED
Alexion Pharmaceuticals
ALXN
| $24.5M | 0.1% |
211,317
+3,600
| +2% | +$395K |
|
227
Devon Energy
DVN
$49.7B
| $24.1M | 0.1% |
417,626
+7,200
| +2% | +$411K |
|
228
CGI
GIB
$15.5B
| $24.1M | 0.1% |
684,700
+22,300
| +3% | +$727K |
|
229
Air Products & Chemicals
APD
$68.1B
| $24M | 0.1% |
243,880
+4,973
| +2% | +$473K |
|
230
Fidelity National Information Services
FIS
$21.9B
| $24M | 0.1% |
517,113
+6,700
| +1% | +$304K |
|
231
Cigna
CI
$73.6B
| $23.7M | 0.1% |
308,974
+4,700
| +2% | +$367K |
|
232
Aon
AON
$75.6B
| $23.7M | 0.1% |
317,971
+3,000
| +1% | +$206K |
|
|
ATVI
233
DELISTED
Activision Blizzard
ATVI
| $23.7M | 0.1% |
1,419,434
+29,400
| +2% | +$486K |
|
|
BHI
234
DELISTED
Baker Hughes
BHI
| $23.5M | 0.1% |
478,528
+8,400
| +2% | +$405K |
|
235
Corning
GLW
$138B
| $23.3M | 0.1% |
1,597,412
+30,500
| +2% | +$452K |
|
236
TE Connectivity
TEL
$62.7B
| $23.3M | 0.1% |
449,909
+2,700
| +0.6% | +$135K |
|
237
Crown Castle
CCI
$31.4B
| $23.2M | 0.1% |
318,173
+6,200
| +2% | +$443K |
|
|
CMCSK
238
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $23.2M | 0.1% |
535,416
-5,000
| -0.9% | -$217K |
|
239
Cameco
CCJ
$42.4B
| $23.2M | 0.1% |
1,283,500
+11,500
| +0.9% | +$231K |
|
240
Northrop Grumman
NOC
$82.3B
| $23.1M | 0.1% |
241,984
+2,300
| +1% | +$213K |
|
|
FDO
241
DELISTED
FAMILY DOLLAR STORES
FDO
| $23M | 0.1% |
319,746
+3,400
| +1% | +$239K |
|
242
Applied Materials
AMAT
$420B
| $22.8M | 0.1% |
1,301,222
+24,100
| +2% | +$385K |
|
243
American Electric Power
AEP
$66.8B
| $22.8M | 0.1% |
526,389
+9,500
| +2% | +$423K |
|
244
Marathon Petroleum
MPC
$88.4B
| $22.6M | 0.09% |
703,496
-800
| -0.1% | -$28.1K |
|
|
WFM
245
DELISTED
Whole Foods Market Inc
WFM
| $22.3M | 0.09% |
381,366
+18,300
| +5% | +$1.01M |
|
|
DELL
246
DELISTED
DELL INC
DELL
| $22.3M | 0.09% |
1,616,282
+43,600
| +3% | +$591K |
|
247
Ross Stores
ROST
$81.9B
| $22.2M | 0.09% |
610,592
+3,600
| +0.6% | +$123K |
|
248
Stryker
SYK
$131B
| $22.1M | 0.09% |
327,471
+3,600
| +1% | +$249K |
|
249
Kroger
KR
$34.7B
| $21.6M | 0.09% |
1,070,096
+21,800
| +2% | +$419K |
|
250
Sempra
SRE
$55.5B
| $21.5M | 0.09% |
501,200
+9,400
| +2% | +$399K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.
- Swiss National Bank's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.