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 | |
|---|---|---|---|---|---|---|
351
FirstEnergy
FE
$27.5B
| $14.2M | 0.05% |
408,081
+2,700
| +0.7% | +$90.9K |
|
352
Roper Technologies
ROP
$39.8B
| $14.2M | 0.05% |
96,958
+700
| +0.7% | +$97.7K |
|
353
Carnival Corporation Ltd
CCL
$39.7B
| $14.1M | 0.05% |
375,200
+2,200
| +0.6% | +$85.2K |
|
354
Bath & Body Works
BBWI
$4.1B
| $14.1M | 0.05% |
297,485
+2,103
| +0.7% | +$96.3K |
|
355
Realty Income
O
$59.1B
| $14M | 0.05% |
326,164
+1,445
| +0.4% | +$60.4K |
|
|
NLSN
356
DELISTED
Nielsen Holdings plc
NLSN
| $14M | 0.05% |
289,361
+16,300
| +6% | +$759K |
|
|
WFM
357
DELISTED
Whole Foods Market Inc
WFM
| $14M | 0.05% |
362,566
+19,900
| +6% | +$867K |
|
358
Progressive
PGR
$125B
| $14M | 0.05% |
551,134
-1,400
| -0.3% | -$34.7K |
|
|
DISH
359
DELISTED
DISH Network Corp.
DISH
| $13.9M | 0.05% |
214,309
+1,700
| +0.8% | +$102K |
|
360
Pentair
PNR
$11B
| $13.9M | 0.05% |
286,420
-1,340
| -0.5% | -$68.2K |
|
361
Oneok
OKE
$54.5B
| $13.8M | 0.05% |
202,512
+2,500
| +1% | +$158K |
|
362
Xerox
XRX
$425M
| $13.6M | 0.05% |
416,371
-13,852
| -3% | -$440K |
|
363
Fastenal
FAST
$59.5B
| $13.6M | 0.05% |
1,099,108
+6,000
| +0.5% | +$74.2K |
|
|
GGP
364
DELISTED
GGP Inc.
GGP
| $13.5M | 0.05% |
571,921
+4,400
| +0.8% | +$102K |
|
365
DTE Energy
DTE
$29.1B
| $13.4M | 0.05% |
202,834
+1,527
| +0.8% | +$99.1K |
|
|
QVCGA
366
DELISTED
QVC Group Inc Series A
QVCGA
| $13.4M | 0.05% |
11,134
-182
| -2% | -$217K |
|
|
JNPR
367
DELISTED
Juniper Networks
JNPR
| $13.4M | 0.05% |
546,867
+23,900
| +5% | +$594K |
|
368
Conagra Brands
CAG
$7.23B
| $13.4M | 0.05% |
579,431
+16,063
| +3% | +$389K |
|
369
Lincoln National
LNC
$8.81B
| $13.2M | 0.05% |
257,064
+2,800
| +1% | +$138K |
|
370
Genuine Parts
GPC
$18.7B
| $13.2M | 0.05% |
149,830
+200
| +0.1% | +$17.2K |
|
371
CF Industries
CF
$17.3B
| $13M | 0.05% |
270,340
-7,500
| -3% | -$367K |
|
372
Eastman Chemical
EMN
$8.42B
| $13M | 0.05% |
148,638
-500
| -0.3% | -$43.4K |
|
373
NetApp
NTAP
$37.2B
| $13M | 0.05% |
355,138
+5,800
| +2% | +$208K |
|
374
Quest Diagnostics
DGX
$26.3B
| $12.9M | 0.05% |
220,430
+79,200
| +56% | +$4.64M |
|
375
Mattel
MAT
$4.23B
| $12.9M | 0.05% |
331,750
+3,700
| +1% | +$144K |
|
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.