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 | |
|---|---|---|---|---|---|---|
376
Antero Resources
AR
$11.4B
| $12.2M | 0.05% |
222,500
-3,600
| -2% | -$209K |
|
377
Fastenal
FAST
$59.8B
| $12.1M | 0.05% |
1,081,108
-18,000
| -2% | -$206K |
|
378
Keurig Dr Pepper
KDP
$39.9B
| $12.1M | 0.05% |
188,613
-3,800
| -2% | -$232K |
|
|
ERF
379
DELISTED
Enerplus Corporation
ERF
| $12.1M | 0.05% |
635,600
-27,252
| -4% | -$597K |
|
380
Skyworks Solutions
SWKS
$10.4B
| $12M | 0.05% |
206,400
-3,000
| -1% | -$160K |
|
381
Autodesk
ADSK
$54.1B
| $12M | 0.05% |
216,899
-1,000
| -0.5% | -$54.8K |
|
|
TIF
382
DELISTED
Tiffany & Co.
TIF
| $11.9M | 0.05% |
123,448
-1,400
| -1% | -$140K |
|
383
Bunge Global
BG
$21.6B
| $11.9M | 0.05% |
141,135
-2,600
| -2% | -$210K |
|
|
SWN
384
DELISTED
Southwestern Energy Company
SWN
| $11.8M | 0.05% |
338,447
-5,600
| -2% | -$224K |
|
385
Ametek
AME
$58B
| $11.8M | 0.05% |
235,093
-3,800
| -2% | -$197K |
|
386
Eastman Chemical
EMN
$8.39B
| $11.8M | 0.05% |
145,338
-3,300
| -2% | -$275K |
|
|
CHK
387
DELISTED
Chesapeake Energy Corporation
CHK
| $11.7M | 0.05% |
2,552
-184
| -7% | -$969K |
|
|
CTXS
388
DELISTED
Citrix Systems Inc
CTXS
| $11.6M | 0.04% |
204,715
-20,219
| -9% | -$1.1M |
|
|
HBI
389
DELISTED
Hanesbrands
HBI
| $11.6M | 0.04% |
432,400
-8,400
| -2% | -$214K |
|
390
Lam Research
LRCX
$383B
| $11.6M | 0.04% |
1,554,460
-27,000
| -2% | -$193K |
|
391
Tyson Foods
TSN
$20.1B
| $11.5M | 0.04% |
292,965
+29,600
| +11% | +$1.13M |
|
392
BorgWarner
BWA
$14.1B
| $11.5M | 0.04% |
248,673
-3,635
| -1% | -$199K |
|
|
393
ICL Group
ICL
$6.89B
| $11.4M | 0.04% |
+1,584,394
| New | +$11.3M |
|
|
LLTC
394
DELISTED
Linear Technology Corp
LLTC
| $11.4M | 0.04% |
256,199
-2,500
| -1% | -$113K |
|
395
Dollar Tree
DLTR
$24.9B
| $11.1M | 0.04% |
198,692
-4,100
| -2% | -$226K |
|
|
ATVI
396
DELISTED
Activision Blizzard
ATVI
| $11M | 0.04% |
527,334
-13,900
| -3% | -$316K |
|
|
JNPR
397
DELISTED
Juniper Networks
JNPR
| $10.9M | 0.04% |
493,367
-53,500
| -10% | -$1.25M |
|
398
Charter Communications
CHTR
$18.3B
| $10.9M | 0.04% |
72,100
-300
| -0.4% | -$47.5K |
|
399
Herc Holdings
HRI
$5.68B
| $10.9M | 0.04% |
143,194
-2,666
| -2% | -$228K |
|
400
Under Armour
UAA
$2.5B
| $10.9M | 0.04% |
315,600
-2,200
| -0.7% | -$73.4K |
|
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.