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 | |
|---|---|---|---|---|---|---|
|
WRK
326
DELISTED
WestRock Company
WRK
| $24M | 0.06% |
+517,551
| New | +$27.7M |
|
327
Trane Technologies
TT
$106B
| $24M | 0.06% |
472,258
+47,400
| +11% | +$2.83M |
|
328
Ovintiv
OVV
$17.7B
| $23.9M | 0.06% |
743,860
+75,840
| +11% | +$2.91M |
|
329
Realty Income
O
$58.6B
| $23.8M | 0.06% |
519,251
+57,895
| +13% | +$2.61M |
|
330
NVIDIA
NVDA
$5.29T
| $23.7M | 0.06% |
38,403,400
+3,304,000
| +9% | +$1.79M |
|
|
TWTR
331
DELISTED
Twitter, Inc.
TWTR
| $23.6M | 0.06% |
876,300
+92,400
| +12% | +$2.77M |
|
332
FirstEnergy
FE
$27.1B
| $23.6M | 0.06% |
753,181
+73,300
| +11% | +$2.4M |
|
|
LVLT
333
DELISTED
Level 3 Communications Inc
LVLT
| $23.5M | 0.06% |
537,673
+63,800
| +13% | +$3.07M |
|
334
Camden Property Trust
CPT
$10.9B
| $23.4M | 0.06% |
317,100
+15,000
| +5% | +$1.14M |
|
335
Tyson Foods
TSN
$19.8B
| $23.4M | 0.06% |
542,465
+50,400
| +10% | +$2.15M |
|
|
DISH
336
DELISTED
DISH Network Corp.
DISH
| $23.4M | 0.06% |
400,409
+40,100
| +11% | +$2.54M |
|
337
W.W. Grainger
GWW
$61.5B
| $23.1M | 0.06% |
107,574
+9,700
| +10% | +$2.18M |
|
|
HES
338
DELISTED
Hess
HES
| $23.1M | 0.06% |
461,465
+46,400
| +11% | +$2.66M |
|
|
NBL
339
DELISTED
Noble Energy, Inc.
NBL
| $23.1M | 0.06% |
765,082
+140,638
| +23% | +$4.84M |
|
340
Ameren
AEE
$29.8B
| $22.7M | 0.06% |
536,993
+41,300
| +8% | +$1.66M |
|
341
Molson Coors Class B
TAP
$7.86B
| $22.7M | 0.06% |
273,228
+25,800
| +10% | +$1.87M |
|
342
Alcoa
AA
$14B
| $22.6M | 0.06% |
972,529
+151,916
| +19% | +$3.56M |
|
343
Ametek
AME
$58.6B
| $22.6M | 0.06% |
431,093
+42,100
| +11% | +$2.27M |
|
344
Genuine Parts
GPC
$18.8B
| $22.5M | 0.06% |
271,430
+24,900
| +10% | +$2.14M |
|
345
CarMax
KMX
$8.29B
| $22.1M | 0.06% |
373,200
+34,400
| +10% | +$2.16M |
|
346
Akamai
AKAM
$17B
| $22M | 0.06% |
318,719
+31,400
| +11% | +$2.26M |
|
347
Hormel Foods
HRL
$13.5B
| $22M | 0.06% |
695,194
+50,200
| +8% | +$1.5M |
|
|
POM
348
DELISTED
PEPCO HOLDINGS, INC.
POM
| $21.9M | 0.06% |
904,499
+43,600
| +5% | +$1.11M |
|
|
ANDV
349
DELISTED
Andeavor
ANDV
| $21.8M | 0.06% |
224,600
+21,500
| +11% | +$2.09M |
|
350
Palo Alto Networks
PANW
$312B
| $21.8M | 0.06% |
761,400
+98,400
| +15% | +$2.9M |
|
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.