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 | |
|---|---|---|---|---|---|---|
251
Campbell Soup
CPB
$6.69B
| $20.6M | 0.08% |
459,115
-9,700
| -2% | -$415K |
|
252
Sysco
SYY
$40.1B
| $20.4M | 0.08% |
563,740
-68,700
| -11% | -$2.47M |
|
|
PPL
253
PPL Corp
PPL
$26.3B
| $20.2M | 0.08% |
655,945
-66,781
| -9% | -$1.94M |
|
254
Aptiv
APTV
$10.3B
| $20M | 0.08% |
294,100
-32,300
| -10% | -$2.06M |
|
255
Ross Stores
ROST
$81.7B
| $19.9M | 0.08% |
556,792
-41,800
| -7% | -$1.48M |
|
256
Prologis
PLD
$132B
| $19.7M | 0.08% |
483,460
-47,800
| -9% | -$1.88M |
|
257
Methanex
MEOH
$4.27B
| $19.6M | 0.08% |
305,600
-1,700
| -0.6% | -$107K |
|
258
Vermilion Energy
VET
$1.75B
| $19.4M | 0.08% |
309,200
-1,700
| -0.5% | -$97.5K |
|
|
LO
259
DELISTED
LORILLARD INC COM STK
LO
| $19.3M | 0.08% |
357,065
-41,900
| -11% | -$2.11M |
|
|
TYC
260
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $19.1M | 0.08% |
430,701
-38,773
| -8% | -$1.69M |
|
261
Gildan
GIL
$10.6B
| $19M | 0.07% |
751,200
+5,400
| +0.7% | +$139K |
|
262
Western Digital
WDC
$151B
| $19M | 0.07% |
273,062
-27,651
| -9% | -$1.81M |
|
263
Lumen
LUMN
$6.85B
| $18.8M | 0.07% |
572,841
-67,200
| -10% | -$2.06M |
|
264
International Paper
IP
$21.9B
| $18.7M | 0.07% |
437,435
-45,936
| -10% | -$2.04M |
|
265
Public Service Enterprise Group
PEG
$37.2B
| $18.7M | 0.07% |
490,377
-48,600
| -9% | -$1.68M |
|
|
SCG
266
DELISTED
Scana
SCG
| $18.5M | 0.07% |
361,112
-2,584
| -0.7% | -$124K |
|
|
STJ
267
DELISTED
St Jude Medical
STJ
| $18.5M | 0.07% |
282,855
-23,200
| -8% | -$1.51M |
|
268
Camden Property Trust
CPT
$11B
| $18.5M | 0.07% |
274,400
-900
| -0.3% | -$57.5K |
|
|
LNKD
269
DELISTED
LinkedIn Corporation
LNKD
| $18.3M | 0.07% |
98,700
-6,700
| -6% | -$1.37M |
|
270
Illumina
ILMN
$29B
| $18.2M | 0.07% |
125,976
-11,103
| -8% | -$1.63M |
|
271
Netflix
NFLX
$318B
| $18.2M | 0.07% |
3,617,250
-343,000
| -9% | -$1.96M |
|
272
Viatris
VTRS
$18.7B
| $18.1M | 0.07% |
371,113
-35,800
| -9% | -$1.74M |
|
273
Open Text
OTEX
$5.99B
| $18.1M | 0.07% |
756,000
-5,200
| -0.7% | -$126K |
|
274
Omnicom Group
OMC
$23.2B
| $18.1M | 0.07% |
249,477
-28,600
| -10% | -$2.1M |
|
275
Motorola Solutions
MSI
$76.5B
| $18.1M | 0.07% |
281,078
-28,700
| -9% | -$1.88M |
|
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.