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 |
Alphabet (Google) Class C
GOOG
|
+$33M |
| 2 |
UnitedHealth
UNH
|
+$31.5M |
| 3 |
B
Barrick Mining
B
|
+$28.5M |
| 4 |
Cencora
COR
|
+$27.1M |
| 5 |
Union Pacific
UNP
|
+$25.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$75M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$32.5M |
| 3 |
Verisk Analytics
VRSK
|
+$31.9M |
| 4 |
AGN
Allergan Inc
AGN
|
+$28.6M |
| 5 |
AGN
Allergan plc
AGN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.18% |
| 2 | Healthcare | 13.12% |
| 3 | Energy | 12.36% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Staples | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRO
226
DELISTED
Marathon Oil Corporation
MRO
| $27.1M | 0.1% |
679,297
+4,100
| +0.6% | +$151K |
|
227
Cummins
CMI
$88.7B
| $26.7M | 0.1% |
172,919
+400
| +0.2% | +$60.5K |
|
228
Applied Materials
AMAT
$428B
| $26.6M | 0.1% |
1,180,422
+13,400
| +1% | +$273K |
|
229
Air Products & Chemicals
APD
$67.6B
| $26.5M | 0.1% |
223,125
+1,730
| +0.8% | +$193K |
|
230
American Electric Power
AEP
$68.4B
| $26.5M | 0.1% |
475,389
+3,100
| +0.7% | +$164K |
|
231
Valero Energy
VLO
$85.9B
| $26M | 0.1% |
518,948
-4,000
| -0.8% | -$221K |
|
232
TE Connectivity
TEL
$62.6B
| $26M | 0.1% |
420,209
+8,800
| +2% | +$527K |
|
233
Allstate
ALL
$67.5B
| $25.6M | 0.09% |
435,673
-5,200
| -1% | -$300K |
|
234
Annaly Capital Management
NLY
$17.4B
| $25.5M | 0.09% |
557,469
+327,900
| +143% | +$15.1M |
|
235
SBA Communications
SBAC
$19.5B
| $25.3M | 0.09% |
246,851
+122,400
| +98% | +$11.7M |
|
236
Aon
AON
$76B
| $25.1M | 0.09% |
278,771
+1,600
| +0.6% | +$139K |
|
237
DaVita
DVA
$11.7B
| $25M | 0.09% |
345,918
+170,700
| +97% | +$11.9M |
|
238
Henry Schein
HSIC
$9.82B
| $24.9M | 0.09% |
534,120
+321,810
| +152% | +$14.7M |
|
239
Cigna
CI
$74.6B
| $24.5M | 0.09% |
266,674
-1,300
| -0.5% | -$111K |
|
240
Netflix
NFLX
$309B
| $24.4M | 0.09% |
3,876,250
+259,000
| +7% | +$1.4M |
|
241
Sherwin-Williams
SHW
$89.8B
| $24.4M | 0.09% |
353,283
| – | – |
|
242
CGI
GIB
$15.5B
| $24.3M | 0.09% |
685,400
+7,400
| +1% | +$250K |
|
243
Cameco
CCJ
$42.4B
| $24.1M | 0.09% |
1,227,200
-35,600
| -3% | -$743K |
|
244
Northrop Grumman
NOC
$81.2B
| $24M | 0.09% |
200,684
-3,700
| -2% | -$447K |
|
245
Perrigo
PRGO
$1.78B
| $23.8M | 0.09% |
163,162
+1,000
| +0.6% | +$142K |
|
246
Sempra
SRE
$54.8B
| $23.8M | 0.09% |
453,800
+3,600
| +0.8% | +$179K |
|
|
CMCSK
247
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $23.7M | 0.09% |
443,516
-11,900
| -3% | -$635K |
|
248
Kroger
KR
$34.8B
| $23.6M | 0.09% |
956,496
-2,000
| -0.2% | -$46.6K |
|
|
FRX
249
DELISTED
FOREST LABORATORIES INC
FRX
| $23.5M | 0.09% |
237,680
-804,600
| -77% | -$75M |
|
|
THI
250
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $23.4M | 0.09% |
428,600
-41,900
| -9% | -$2.3M |
|
Similar funds
Swiss National Bank's Q2 2014 Portfolio in Review
As of Q2 2014, Swiss National Bank held 2,604 positions worth $27B, up 6.1% from $25.5B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Swiss National Bank's Q2 2014 filing shows 110 new, 836 increased, 474 reduced and 72 closed positions. Its largest new stake was Antero Resources: 226,100 shares worth $14.8M. The largest sale was FOREST LABORATORIES INC, an estimated $75M.
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 Q2 2014 buy was Antero Resources: 226,100 shares worth $14.8M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q2 2014, an estimated $33M increase.
- Swiss National Bank's biggest Q2 2014 reduction was FOREST LABORATORIES INC, cutting an estimated $75M.
- Swiss National Bank fully exited Weatherford International plc in Q2 2014, selling an estimated $12.9M.
- Swiss National Bank's ten largest holdings make up 13% of its $27B portfolio in Q2 2014.
- Swiss National Bank opened 110 new positions and closed 72 in Q2 2014.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $27B.
Based on Swiss National Bank's 13F filing for Q2 2014, filed 6 Aug 2014.