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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Bunge Global
BG
$21.6B
| $12.1M | 0.05% |
159,235
+3,300
| +2% | +$250K |
|
377
BlackBerry
BB
$5.18B
| $12.1M | 0.05% |
1,531,150
+13,300
| +0.9% | +$129K |
|
378
Oneok
OKE
$56.9B
| $11.9M | 0.05% |
254,953
+5,825
| +2% | +$253K |
|
379
Murphy Oil
MUR
$5.09B
| $11.8M | 0.05% |
196,419
-26,750
| -12% | -$1.58M |
|
380
Kohl's
KSS
$2.16B
| $11.8M | 0.05% |
228,383
-4,200
| -2% | -$219K |
|
381
CarMax
KMX
$8.34B
| $11.8M | 0.05% |
243,200
+400
| +0.2% | +$19.6K |
|
382
Broadcom
AVGO
$2.01T
| $11.5M | 0.05% |
2,667,020
+46,000
| +2% | +$177K |
|
|
NE
383
DELISTED
Noble Corporation
NE
| $11.4M | 0.05% |
344,898
+36,608
| +12% | +$1.24M |
|
384
Coca-Cola Europacific Partners
CCEP
$46.9B
| $11.3M | 0.05% |
281,958
+2,400
| +0.9% | +$91.4K |
|
385
Bread Financial
BFH
$4.38B
| $11.3M | 0.05% |
66,754
+251
| +0.4% | +$39.8K |
|
386
Western Union
WU
$2.19B
| $11.3M | 0.05% |
603,324
-1,900
| -0.3% | -$34.1K |
|
387
Marriott International
MAR
$90.9B
| $11.2M | 0.05% |
266,014
+100
| +0% | +$4.15K |
|
388
SBA Communications
SBAC
$19.2B
| $11.1M | 0.05% |
138,151
+3,100
| +2% | +$235K |
|
|
SIAL
389
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $11.1M | 0.05% |
130,246
+2,100
| +2% | +$177K |
|
390
DaVita
DVA
$11.7B
| $11.1M | 0.05% |
194,318
+3,400
| +2% | +$195K |
|
391
Best Buy
BBY
$17.4B
| $11M | 0.05% |
294,260
+7,600
| +3% | +$252K |
|
392
TransAlta
TAC
$3.88B
| $11M | 0.05% |
844,600
+13,100
| +2% | +$177K |
|
393
KLA
KLAC
$252B
| $10.9M | 0.05% |
1,796,260
+28,000
| +2% | +$164K |
|
|
GGP
394
DELISTED
GGP Inc.
GGP
| $10.9M | 0.05% |
566,221
+66,432
| +13% | +$1.34M |
|
|
JNPR
395
DELISTED
Juniper Networks
JNPR
| $10.9M | 0.05% |
548,267
+6,100
| +1% | +$126K |
|
396
Ralph Lauren
RL
$24.2B
| $10.9M | 0.05% |
66,074
+1,300
| +2% | +$226K |
|
397
Illumina
ILMN
$29B
| $10.9M | 0.05% |
138,415
+2,776
| +2% | +$212K |
|
398
BioMarin Pharmaceuticals
BMRN
$13.3B
| $10.9M | 0.05% |
150,600
+16,400
| +12% | +$1.09M |
|
|
ERF
399
DELISTED
Enerplus Corporation
ERF
| $10.7M | 0.04% |
652,275
+6,548
| +1% | +$107K |
|
|
TIF
400
DELISTED
Tiffany & Co.
TIF
| $10.6M | 0.04% |
138,148
+3,300
| +2% | +$260K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
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 Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.