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
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Tesla
TSLA
$1.3T
| $40.8M | 0.11% |
2,283,000
+277,500
| +14% | +$4.39M |
|
227
Chipotle Mexican Grill
CMG
$41.5B
| $40.8M | 0.11% |
3,369,350
+90,000
| +3% | +$1.14M |
|
228
Corning
GLW
$143B
| $40.5M | 0.1% |
2,051,212
+97,400
| +5% | +$2.08M |
|
229
Motorola Solutions
MSI
$77.4B
| $39.8M | 0.1% |
693,378
-31,300
| -4% | -$1.87M |
|
230
Applied Materials
AMAT
$428B
| $39.5M | 0.1% |
2,057,022
+135,100
| +7% | +$2.77M |
|
|
QGENF
231
DELISTED
QIAGEN NV
QGENF
| $39.5M | 0.1% |
1,601,504
-363,196
| -18% | -$8.96M |
|
232
J.M. Smucker
SJM
$12.8B
| $39.5M | 0.1% |
364,499
-1,900
| -0.5% | -$220K |
|
233
Fidelity National Information Services
FIS
$22.1B
| $38.8M | 0.1% |
627,813
-25,500
| -4% | -$1.63M |
|
|
CMCSK
234
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $38.7M | 0.1% |
646,216
+11,800
| +2% | +$707K |
|
235
Roper Technologies
ROP
$39.8B
| $38.6M | 0.1% |
223,958
+12,600
| +6% | +$2.18M |
|
236
Boston Scientific
BSX
$71.5B
| $38M | 0.1% |
2,146,630
+125,900
| +6% | +$2.25M |
|
237
Ross Stores
ROST
$81.9B
| $37.9M | 0.1% |
779,792
+21,600
| +3% | +$1.09M |
|
|
CTRA
238
DELISTED
Coterra Energy
CTRA
| $37.6M | 0.1% |
1,191,516
+6,800
| +0.6% | +$227K |
|
239
Sempra
SRE
$54.8B
| $37.5M | 0.1% |
758,000
+45,200
| +6% | +$2.39M |
|
240
Devon Energy
DVN
$47.3B
| $37.3M | 0.1% |
627,326
+35,200
| +6% | +$2.28M |
|
241
Macy's
M
$6.68B
| $37.1M | 0.1% |
549,612
+22,600
| +4% | +$1.53M |
|
|
VIAB
242
DELISTED
Viacom Inc. Class B
VIAB
| $37M | 0.1% |
572,970
+25,200
| +5% | +$1.71M |
|
243
Zoetis
ZTS
$30B
| $37M | 0.1% |
767,580
+3,900
| +0.5% | +$186K |
|
244
Ovintiv
OVV
$16.4B
| $37M | 0.1% |
668,020
+29,460
| +5% | +$1.87M |
|
245
Cummins
CMI
$88.7B
| $36.6M | 0.09% |
278,819
+14,400
| +5% | +$1.98M |
|
246
PACCAR
PCAR
$70.1B
| $36.5M | 0.09% |
858,308
+50,250
| +6% | +$2.17M |
|
|
LNKD
247
DELISTED
LinkedIn Corporation
LNKD
| $36.4M | 0.09% |
176,000
+11,000
| +7% | +$2.45M |
|
248
Las Vegas Sands
LVS
$29.6B
| $36.2M | 0.09% |
689,239
+6,100
| +0.9% | +$326K |
|
249
CGI
GIB
$15.5B
| $36.1M | 0.09% |
918,700
+39,900
| +5% | +$1.72M |
|
|
CB
250
DELISTED
CHUBB CORPORATION
CB
| $35.4M | 0.09% |
372,474
-94,900
| -20% | -$9.37M |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.