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 | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VMEM
2526
DELISTED
VIOLIN MEMORY, INC.
VMEM
| $155K | ﹤0.01% |
28,000
+3,825
| +16% | +$30.4K |
|
|
UNIS
2527
DELISTED
Unilife Corporation
UNIS
| $155K | ﹤0.01% |
15,790
+2,170
| +16% | +$32.3K |
|
|
RTK
2528
DELISTED
Rentech, Inc.
RTK
| $150K | ﹤0.01% |
26,800
+4,800
| +22% | +$36.3K |
|
2529
Donegal Group Class A
DGICA
$693M
| $146K | ﹤0.01% |
10,400
+2,500
| +32% | +$36.1K |
|
|
SD
2530
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $146K | ﹤0.01% |
538,900
+65,000
| +14% | +$34K |
|
2531
Alico
ALCO
$307M
| $142K | ﹤0.01% |
3,500
+500
| +17% | +$21.7K |
|
2532
Ameresco
AMRC
$1.37B
| $142K | ﹤0.01% |
24,200
| – | – |
|
2533
Foster
FSTR
$397M
| $142K | ﹤0.01% |
11,600
+2,100
| +22% | +$46.8K |
|
2534
Varonis Systems
VRNS
$4.84B
| $142K | ﹤0.01% |
27,300
+4,500
| +20% | +$31.3K |
|
|
TPLM
2535
DELISTED
Triangle Petroleum Corporation
TPLM
| $138K | ﹤0.01% |
97,200
+10,400
| +12% | +$34.9K |
|
|
REXX
2536
DELISTED
Rex Energy Corporation
REXX
| $136K | ﹤0.01% |
6,550
+1,100
| +20% | +$31.8K |
|
|
PBPB
2537
DELISTED
Potbelly
PBPB
| $135K | ﹤0.01% |
12,300
| – | – |
|
2538
Enphase Energy
ENPH
$5.59B
| $134K | ﹤0.01% |
36,339
+5,700
| +19% | +$30.3K |
|
|
GST
2539
DELISTED
Gastar Exploration Inc.
GST
| $129K | ﹤0.01% |
112,100
+17,900
| +19% | +$29.7K |
|
2540
Universal Technical Institute
UTI
$1.4B
| $128K | ﹤0.01% |
36,400
+5,000
| +16% | +$28K |
|
|
EXXI
2541
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $127K | ﹤0.01% |
120,763
+15,800
| +15% | +$26.5K |
|
|
CMLS
2542
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $126K | ﹤0.01% |
22,425
+3,562
| +19% | +$40.3K |
|
|
ENTL
2543
DELISTED
Entellus Medical, Inc. Common Stock
ENTL
| $124K | ﹤0.01% |
6,900
+1,100
| +19% | +$24.5K |
|
|
RJET
2544
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $120K | ﹤0.01% |
20,700
| – | – |
|
|
PAMT
2545
PAMT Corp
PAMT
$281M
| $116K | ﹤0.01% |
14,000
+2,400
| +21% | +$28.9K |
|
|
PSIX
2546
Power Solutions International
PSIX
$972M
| $116K | ﹤0.01% |
5,100
+1,100
| +28% | +$40.1K |
|
|
PZN
2547
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $115K | ﹤0.01% |
12,900
+3,100
| +32% | +$30.9K |
|
|
CARB
2548
DELISTED
Carbonite Inc
CARB
| $115K | ﹤0.01% |
10,300
| – | – |
|
|
XOMA
2549
DELISTED
Xoma
XOMA
| $113K | ﹤0.01% |
7,505
| – | – |
|
2550
United States Lime & Minerals
USLM
$3.46B
| $110K | ﹤0.01% |
12,000
+2,500
| +26% | +$26.7K |
|
Similar funds
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 16% 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.