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 | |
|---|---|---|---|---|---|---|
376
Stanley Black & Decker
SWK
$15.7B
| $12.7M | 0.05% |
144,064
+1,200
| +0.8% | +$102K |
|
377
Liberty Media Series A
FWONA
$23.6B
| $12.5M | 0.05% |
515,906
-24,768
| -5% | -$568K |
|
|
TIF
378
DELISTED
Tiffany & Co.
TIF
| $12.5M | 0.05% |
124,848
+700
| +0.6% | +$65K |
|
379
Ametek
AME
$58.2B
| $12.5M | 0.05% |
238,893
+1,700
| +0.7% | +$89.3K |
|
380
TripAdvisor
TRIP
$1.26B
| $12.3M | 0.05% |
113,600
+800
| +0.7% | +$73.6K |
|
|
XLNX
381
DELISTED
Xilinx Inc
XLNX
| $12.3M | 0.05% |
260,084
| – | – |
|
382
Autodesk
ADSK
$52.6B
| $12.3M | 0.05% |
217,899
-200
| -0.1% | -$10.1K |
|
383
Herc Holdings
HRI
$5.61B
| $12.3M | 0.05% |
145,860
+800
| +0.6% | +$67.4K |
|
|
LLTC
384
DELISTED
Linear Technology Corp
LLTC
| $12.2M | 0.05% |
258,699
+14,000
| +6% | +$649K |
|
|
XEC
385
DELISTED
CIMAREX ENERGY CO
XEC
| $12.2M | 0.05% |
84,861
+700
| +0.8% | +$89.1K |
|
386
Helmerich & Payne
HP
$3.71B
| $12.2M | 0.05% |
104,752
+900
| +0.9% | +$98.6K |
|
|
ATVI
387
DELISTED
Activision Blizzard
ATVI
| $12.1M | 0.04% |
541,234
+67,600
| +14% | +$1.39M |
|
388
NiSource
NI
$20.4B
| $12M | 0.04% |
778,963
+6,108
| +0.8% | +$88.3K |
|
389
Fluor
FLR
$7.96B
| $12M | 0.04% |
156,322
-2,000
| -1% | -$152K |
|
|
BBBY
390
DELISTED
Bed Bath & Beyond Inc
BBBY
| $11.9M | 0.04% |
207,490
-700
| -0.3% | -$43.7K |
|
|
SIAL
391
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $11.8M | 0.04% |
116,446
+500
| +0.4% | +$48.6K |
|
392
KLA
KLAC
$259B
| $11.8M | 0.04% |
1,623,260
+8,000
| +0.5% | +$53.1K |
|
393
NRG Energy
NRG
$24.8B
| $11.8M | 0.04% |
316,894
+3,400
| +1% | +$117K |
|
|
KSU
394
DELISTED
Kansas City Southern
KSU
| $11.6M | 0.04% |
107,451
+600
| +0.6% | +$62K |
|
|
PGH
395
DELISTED
Pengrowth Energy Corporation
PGH
| $11.6M | 0.04% |
1,612,400
-47,500
| -3% | -$310K |
|
396
Charter Communications
CHTR
$18.2B
| $11.5M | 0.04% |
72,400
+11,900
| +20% | +$1.64M |
|
397
CarMax
KMX
$8.26B
| $11.3M | 0.04% |
217,600
+1,100
| +0.5% | +$50K |
|
398
Coca-Cola Europacific Partners
CCEP
$47.9B
| $11.3M | 0.04% |
236,658
-2,400
| -1% | -$111K |
|
399
Murphy Oil
MUR
$4.78B
| $11.3M | 0.04% |
169,619
-2,500
| -1% | -$157K |
|
400
Keurig Dr Pepper
KDP
$40.8B
| $11.3M | 0.04% |
192,413
-2,100
| -1% | -$118K |
|
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.