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 | |
|---|---|---|---|---|---|---|
326
The Mosaic Company
MOS
$7.33B
| $15.6M | 0.06% |
314,965
+26,900
| +9% | +$1.33M |
|
|
CERN
327
DELISTED
Cerner Corp
CERN
| $15.6M | 0.06% |
301,772
+2,300
| +0.8% | +$121K |
|
328
W.W. Grainger
GWW
$60.2B
| $15.4M | 0.06% |
60,374
+3,200
| +6% | +$818K |
|
329
Intuitive Surgical
ISRG
$134B
| $15.3M | 0.06% |
334,638
+2,700
| +0.8% | +$119K |
|
330
Nucor
NUE
$62.1B
| $15.3M | 0.06% |
310,261
+1,900
| +0.6% | +$97.5K |
|
331
JB Hunt Transport Services
JBHT
$25.2B
| $15.3M | 0.06% |
206,958
+700
| +0.3% | +$53.1K |
|
|
HOT
332
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $15.1M | 0.06% |
187,013
+1,400
| +0.8% | +$110K |
|
333
Dover
DOV
$28.4B
| $15.1M | 0.06% |
205,653
+1,238
| +0.6% | +$86.5K |
|
|
GMCR
334
DELISTED
KEURIG GREEN MTN INC
GMCR
| $15.1M | 0.06% |
121,042
-1,700
| -1% | -$185K |
|
335
Harley-Davidson
HOG
$2.71B
| $15M | 0.06% |
214,496
+100
| +0% | +$7.04K |
|
336
Loews
L
$23.6B
| $15M | 0.06% |
339,819
+20,900
| +7% | +$913K |
|
337
TechnipFMC
FTI
$27.3B
| $14.9M | 0.05% |
326,987
+5,376
| +2% | +$228K |
|
338
Amphenol
APH
$209B
| $14.8M | 0.05% |
1,233,000
+5,600
| +0.5% | +$66.7K |
|
339
Antero Resources
AR
$10.7B
| $14.8M | 0.05% |
+226,100
| New | +$14.4M |
|
340
Ameren
AEE
$30.1B
| $14.8M | 0.05% |
362,093
+2,400
| +0.7% | +$95.7K |
|
|
PWE
341
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $14.8M | 0.05% |
1,514,041
-42,900
| -3% | -$398K |
|
342
Marriott International
MAR
$92.3B
| $14.7M | 0.05% |
229,814
-2,500
| -1% | -$148K |
|
|
TFCF
343
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $14.7M | 0.05% |
428,006
+2,300
| +0.5% | +$76.2K |
|
344
Bread Financial
BFH
$4.38B
| $14.6M | 0.05% |
64,874
+5,764
| +10% | +$1.17M |
|
345
Principal Financial Group
PFG
$24.3B
| $14.5M | 0.05% |
288,063
+2,700
| +0.9% | +$127K |
|
346
Eversource Energy
ES
$27.2B
| $14.5M | 0.05% |
307,457
+2,100
| +0.7% | +$96.3K |
|
347
BorgWarner
BWA
$13.9B
| $14.5M | 0.05% |
252,308
+1,704
| +0.7% | +$93.8K |
|
348
Constellation Brands
STZ
$23.2B
| $14.3M | 0.05% |
162,416
+1,600
| +1% | +$132K |
|
|
CAM
349
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $14.3M | 0.05% |
211,293
-19,300
| -8% | -$1.24M |
|
350
Entergy
ETR
$50B
| $14.3M | 0.05% |
348,044
+2,400
| +0.7% | +$89.5K |
|
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.