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 |
Verizon
VZ
|
+$91.5M |
| 2 |
VRN
Veren
VRN
|
+$44.4M |
| 3 |
Perrigo
PRGO
|
+$25.6M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$7.63M |
| 5 |
Liberty Global Class C
LBTYK
|
+$6.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$51.2M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$43.4M |
| 3 |
ExxonMobil
XOM
|
+$41.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$27.7M |
| 5 |
Microsoft
MSFT
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Technology | 13.06% |
| 3 | Energy | 11.79% |
| 4 | Industrials | 11.18% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Allstate
ALL
$68.2B
| $24.9M | 0.1% |
440,873
-53,900
| -11% | -$2.89M |
|
227
TE Connectivity
TEL
$62B
| $24.8M | 0.1% |
411,409
-43,200
| -10% | -$2.48M |
|
|
NBL
228
DELISTED
Noble Energy, Inc.
NBL
| $24.7M | 0.1% |
348,244
-34,300
| -9% | -$2.27M |
|
|
HES
229
DELISTED
Hess
HES
| $24.4M | 0.1% |
294,465
-34,900
| -11% | -$2.77M |
|
230
Air Products & Chemicals
APD
$68.6B
| $24.4M | 0.1% |
221,395
-19,999
| -8% | -$2.12M |
|
231
Ventas
VTR
$47.2B
| $24.2M | 0.1% |
350,344
-20,491
| -6% | -$1.42M |
|
|
MRO
232
DELISTED
Marathon Oil Corporation
MRO
| $24M | 0.09% |
675,197
-81,000
| -11% | -$2.73M |
|
233
American Electric Power
AEP
$66.9B
| $23.9M | 0.09% |
472,289
-46,400
| -9% | -$2.25M |
|
234
Stryker
SYK
$133B
| $23.9M | 0.09% |
293,371
-29,000
| -9% | -$2.31M |
|
235
Applied Materials
AMAT
$415B
| $23.8M | 0.09% |
1,167,022
-114,800
| -9% | -$2.11M |
|
236
Aon
AON
$75.7B
| $23.4M | 0.09% |
277,171
-33,700
| -11% | -$2.81M |
|
237
Sherwin-Williams
SHW
$88.1B
| $23.2M | 0.09% |
353,283
-26,100
| -7% | -$1.68M |
|
238
Cardinal Health
CAH
$55.5B
| $23.2M | 0.09% |
330,948
-30,700
| -8% | -$2.13M |
|
239
PACCAR
PCAR
$69.1B
| $23.1M | 0.09% |
514,808
-51,000
| -9% | -$2.1M |
|
240
Regeneron Pharmaceuticals
REGN
$83.2B
| $22.7M | 0.09% |
75,500
-6,900
| -8% | -$2.13M |
|
241
Kinross Gold
KGC
$32.5B
| $22.6M | 0.09% |
5,459,835
+36,400
| +0.7% | +$175K |
|
242
Cigna
CI
$73.6B
| $22.4M | 0.09% |
267,974
-33,600
| -11% | -$2.77M |
|
|
CMCSK
243
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $22.2M | 0.09% |
455,416
-58,000
| -11% | -$2.83M |
|
244
Sempra
SRE
$55.1B
| $21.8M | 0.09% |
450,200
-44,400
| -9% | -$2.06M |
|
|
FDO
245
DELISTED
FAMILY DOLLAR STORES
FDO
| $21.6M | 0.08% |
371,956
-90
| -0% | -$5.68K |
|
246
Macy's
M
$6.55B
| $21.2M | 0.08% |
357,212
-45,500
| -11% | -$2.53M |
|
247
VF Corp
VFC
$5.86B
| $21.1M | 0.08% |
362,614
-35,683
| -9% | -$2.01M |
|
|
248
Liberty Global Class C
LBTYK
$3.41B
| $21.1M | 0.08% |
640,898
+202,536
| +46% | +$6.77M |
|
249
CGI
GIB
$15.6B
| $21M | 0.08% |
678,000
-3,400
| -0.5% | -$107K |
|
250
Kroger
KR
$34.6B
| $20.9M | 0.08% |
958,496
-90,800
| -9% | -$1.81M |
|
Similar funds
Swiss National Bank's Q1 2014 Portfolio in Review
As of Q1 2014, Swiss National Bank held 2,515 positions worth $25.5B, down 0.58% from $25.6B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Trading was light in Q1 2014: portfolio turnover was 1.2%. Swiss National Bank opened 8 new positions and exited 21, leaving the 2,515-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q1 2014 buy was Veren: 1,374,746 shares worth $46M.
- Swiss National Bank added most to Verizon in Q1 2014, an estimated $91.5M increase.
- Swiss National Bank's biggest Q1 2014 reduction was Apple, cutting an estimated $51.2M.
- Swiss National Bank fully exited COLE REAL ESTATE INVESTMENTS, INC COM in Q1 2014, selling an estimated $43.4M.
- Swiss National Bank's ten largest holdings make up 13% of its $25.5B portfolio in Q1 2014.
- Swiss National Bank opened 8 new positions and closed 21 in Q1 2014.
- Swiss National Bank's portfolio value fell 0.58% quarter-over-quarter to $25.5B.
Based on Swiss National Bank's 13F filing for Q1 2014, filed 6 May 2014.