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 |
AGN
Allergan plc
AGN
|
+$18.3M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$16.5M |
| 3 |
ICL Group
ICL
|
+$11.3M |
| 4 |
Liberty Media Series C
FWONK
|
+$9.18M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$6.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.7M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$23.5M |
| 3 |
ExxonMobil
XOM
|
+$11.1M |
| 4 |
IBM
IBM
|
+$8.88M |
| 5 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.81% |
| 2 | Technology | 13.76% |
| 3 | Energy | 11.48% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
TE Connectivity
TEL
$62B
| $22.8M | 0.09% |
412,009
-8,200
| -2% | -$510K |
|
252
Lumen
LUMN
$6.85B
| $22.5M | 0.09% |
550,641
-12,700
| -2% | -$499K |
|
|
FDO
253
DELISTED
FAMILY DOLLAR STORES
FDO
| $22.2M | 0.09% |
287,756
-4,700
| -2% | -$346K |
|
254
Broadcom
AVGO
$2.01T
| $22.2M | 0.09% |
2,554,020
-49,000
| -2% | -$383K |
|
255
Cummins
CMI
$87.4B
| $22.2M | 0.09% |
168,319
-4,600
| -3% | -$664K |
|
256
VF Corp
VFC
$5.86B
| $22M | 0.08% |
353,056
-11,575
| -3% | -$692K |
|
|
SNDK
257
DELISTED
SANDISK CORP
SNDK
| $21.2M | 0.08% |
216,596
-3,200
| -1% | -$313K |
|
|
CTRA
258
DELISTED
Coterra Energy
CTRA
| $21.1M | 0.08% |
645,116
-17,100
| -3% | -$572K |
|
259
Liberty Global Class C
LBTYK
$3.41B
| $20.9M | 0.08% |
630,886
-8,282
| -1% | -$279K |
|
260
Western Digital
WDC
$151B
| $20.9M | 0.08% |
283,646
-5,821
| -2% | -$438K |
|
|
LNKD
261
DELISTED
LinkedIn Corporation
LNKD
| $20.9M | 0.08% |
100,400
-500
| -0.5% | -$99.9K |
|
262
Cameco
CCJ
$42.4B
| $20.8M | 0.08% |
1,178,400
-48,800
| -4% | -$957K |
|
|
LO
263
DELISTED
LORILLARD INC COM STK
LO
| $20.8M | 0.08% |
347,465
-5,600
| -2% | -$340K |
|
|
BRCM
264
DELISTED
BROADCOM CORP CL-A
BRCM
| $20.7M | 0.08% |
511,589
-5,900
| -1% | -$229K |
|
265
Ross Stores
ROST
$81.7B
| $20.5M | 0.08% |
543,192
-13,400
| -2% | -$466K |
|
266
HCA Healthcare
HCA
$89.6B
| $20.5M | 0.08% |
290,622
-10,000
| -3% | -$661K |
|
267
Macy's
M
$6.55B
| $20.2M | 0.08% |
347,712
-7,900
| -2% | -$468K |
|
268
Illumina
ILMN
$29B
| $20.2M | 0.08% |
126,490
-1,953
| -2% | -$326K |
|
269
Republic Services
RSG
$65.7B
| $20.1M | 0.08% |
514,048
-14,500
| -3% | -$558K |
|
270
Gildan
GIL
$10.6B
| $19.9M | 0.08% |
726,600
-8,000
| -1% | -$231K |
|
271
Open Text
OTEX
$5.99B
| $19.9M | 0.08% |
717,600
-15,400
| -2% | -$411K |
|
|
PPL
272
PPL Corp
PPL
$26.3B
| $19.9M | 0.08% |
649,825
-10,200
| -2% | -$319K |
|
273
Chipotle Mexican Grill
CMG
$40.7B
| $19.9M | 0.08% |
1,489,350
-25,000
| -2% | -$328K |
|
274
Eldorado Gold
EGO
$10.2B
| $19.7M | 0.08% |
584,460
-20,900
| -3% | -$801K |
|
|
TYC
275
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $19.7M | 0.08% |
422,011
-6,494
| -2% | -$302K |
|
Similar funds
Swiss National Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Swiss National Bank held 2,547 positions worth $26.1B, down 3.5% from $27B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 1.3%. Swiss National Bank opened 15 new positions and exited 18, leaving the 2,547-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q3 2014 buy was Weatherford International plc: 735,946 shares worth $15.3M.
- Swiss National Bank added most to Allergan plc in Q3 2014, an estimated $18.3M increase.
- Swiss National Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $23.7M.
- Swiss National Bank fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $23.5M.
- Swiss National Bank's ten largest holdings make up 14% of its $26.1B portfolio in Q3 2014.
- Swiss National Bank opened 15 new positions and closed 18 in Q3 2014.
- Swiss National Bank's portfolio value fell 3.5% quarter-over-quarter to $26.1B.
Based on Swiss National Bank's 13F filing for Q3 2014, filed 4 Nov 2014.