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 | |
|---|---|---|---|---|---|---|
351
Eversource Energy
ES
$26.8B
| $13.4M | 0.05% |
302,757
-4,700
| -2% | -$211K |
|
352
Entergy
ETR
$49.3B
| $13.3M | 0.05% |
343,444
-4,600
| -1% | -$174K |
|
|
GGP
353
DELISTED
GGP Inc.
GGP
| $13.3M | 0.05% |
563,221
-8,700
| -2% | -$209K |
|
|
CAM
354
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $13.2M | 0.05% |
199,493
-11,800
| -6% | -$837K |
|
355
Quest Diagnostics
DGX
$26.2B
| $13.2M | 0.05% |
217,030
-3,400
| -2% | -$210K |
|
356
Oneok
OKE
$56.9B
| $13.1M | 0.05% |
199,312
-3,200
| -2% | -$214K |
|
|
BBBY
357
DELISTED
Bed Bath & Beyond Inc
BBBY
| $13M | 0.05% |
198,190
-9,300
| -4% | -$585K |
|
358
TechnipFMC
FTI
$29.1B
| $12.9M | 0.05% |
320,267
-6,720
| -2% | -$297K |
|
359
Genuine Parts
GPC
$18.5B
| $12.9M | 0.05% |
147,330
-2,500
| -2% | -$217K |
|
360
Dover
DOV
$28.3B
| $12.9M | 0.05% |
199,091
-6,562
| -3% | -$462K |
|
361
DTE Energy
DTE
$28.5B
| $12.9M | 0.05% |
199,427
-3,407
| -2% | -$221K |
|
|
NLSN
362
DELISTED
Nielsen Holdings plc
NLSN
| $12.9M | 0.05% |
290,661
+1,300
| +0.4% | +$61.1K |
|
|
TWTR
363
DELISTED
Twitter, Inc.
TWTR
| $12.8M | 0.05% |
249,100
+134,400
| +117% | +$6.08M |
|
364
Bread Financial
BFH
$4.38B
| $12.8M | 0.05% |
64,623
-251
| -0.4% | -$52.7K |
|
|
KSU
365
DELISTED
Kansas City Southern
KSU
| $12.8M | 0.05% |
105,651
-1,800
| -2% | -$205K |
|
366
Realty Income
O
$58.6B
| $12.8M | 0.05% |
322,964
-3,200
| -1% | -$136K |
|
|
QVCGA
367
DELISTED
QVC Group Inc Series A
QVCGA
| $12.7M | 0.05% |
10,837
-297
| -3% | -$351K |
|
368
Stanley Black & Decker
SWK
$15.5B
| $12.6M | 0.05% |
141,964
-2,100
| -1% | -$188K |
|
369
KLA
KLAC
$252B
| $12.5M | 0.05% |
1,591,260
-32,000
| -2% | -$241K |
|
370
Monster Beverage
MNST
$89.6B
| $12.5M | 0.05% |
1,632,408
-26,400
| -2% | -$173K |
|
371
NiSource
NI
$20B
| $12.4M | 0.05% |
767,511
-11,452
| -1% | -$175K |
|
372
Southwest Airlines
LUV
$22B
| $12.3M | 0.05% |
364,712
-10,800
| -3% | -$330K |
|
373
Kohl's
KSS
$2.16B
| $12.3M | 0.05% |
201,583
-7,100
| -3% | -$402K |
|
374
Pentair
PNR
$10.7B
| $12.2M | 0.05% |
277,932
-8,488
| -3% | -$392K |
|
375
Harley-Davidson
HOG
$2.72B
| $12.2M | 0.05% |
209,896
-4,600
| -2% | -$294K |
|
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.