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 | |
|---|---|---|---|---|---|---|
351
Expedia Group
EXPE
$38.7B
| $21.7M | 0.06% |
184,355
+18,900
| +11% | +$2.18M |
|
352
Lincoln National
LNC
$8.6B
| $21.4M | 0.06% |
451,464
+37,800
| +9% | +$2.03M |
|
353
Nucor
NUE
$62.5B
| $21.4M | 0.05% |
569,461
+54,400
| +11% | +$2.33M |
|
354
Host Hotels & Resorts
HST
$15.4B
| $21.4M | 0.05% |
1,351,969
+129,000
| +11% | +$2.42M |
|
355
Cameco
CCJ
$43.3B
| $21.3M | 0.05% |
1,750,700
+169,500
| +11% | +$2.29M |
|
|
TFCF
356
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $21.2M | 0.05% |
783,806
+74,800
| +11% | +$2.22M |
|
357
Vulcan Materials
VMC
$37.2B
| $21.1M | 0.05% |
236,842
+23,700
| +11% | +$2.21M |
|
|
CXO
358
DELISTED
CONCHO RESOURCES INC.
CXO
| $21.1M | 0.05% |
214,156
+21,800
| +11% | +$2.29M |
|
359
Best Buy
BBY
$17.7B
| $21M | 0.05% |
565,860
+56,600
| +11% | +$1.94M |
|
360
Eldorado Gold
EGO
$10.2B
| $21M | 0.05% |
1,311,520
+61,380
| +5% | +$1.02M |
|
|
CAM
361
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $20.9M | 0.05% |
341,593
+29,000
| +9% | +$1.6M |
|
|
SNDK
362
DELISTED
SANDISK CORP
SNDK
| $20.9M | 0.05% |
385,496
+26,800
| +7% | +$1.48M |
|
363
Entergy
ETR
$49.3B
| $20.9M | 0.05% |
640,644
+58,000
| +10% | +$1.97M |
|
|
QVCGA
364
DELISTED
QVC Group Inc Series A
QVCGA
| $20.7M | 0.05% |
16,296
+1,467
| +10% | +$2.01M |
|
|
HBI
365
DELISTED
Hanesbrands
HBI
| $20.7M | 0.05% |
716,800
+71,700
| +11% | +$2.22M |
|
366
Equifax
EFX
$21.4B
| $20.7M | 0.05% |
212,945
+19,600
| +10% | +$1.95M |
|
367
Whirlpool
WHR
$2.85B
| $20.7M | 0.05% |
140,365
+14,300
| +11% | +$2.42M |
|
368
Agilent Technologies
A
$42.2B
| $20.6M | 0.05% |
599,247
+57,900
| +11% | +$2.19M |
|
369
Tractor Supply
TSCO
$18.8B
| $20.5M | 0.05% |
1,217,500
+118,500
| +11% | +$2.11M |
|
370
Universal Health Services
UHS
$10B
| $20.4M | 0.05% |
163,700
+15,700
| +11% | +$2.19M |
|
371
Harley-Davidson
HOG
$2.77B
| $20.4M | 0.05% |
371,296
+30,000
| +9% | +$1.69M |
|
|
HOT
372
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $20.3M | 0.05% |
304,913
+27,900
| +10% | +$2.12M |
|
|
WFM
373
DELISTED
Whole Foods Market Inc
WFM
| $20.2M | 0.05% |
639,366
+57,300
| +10% | +$2.03M |
|
374
Hilton Worldwide
HLT
$70.7B
| $20.2M | 0.05% |
293,700
+28,167
| +11% | +$2.18M |
|
375
Mohawk Industries
MHK
$9.3B
| $20.2M | 0.05% |
110,874
+10,700
| +11% | +$2.12M |
|
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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.