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 |
Verizon
VZ
|
+$91.5M |
| 2 |
VRN
Veren
VRN
|
+$44.4M |
| 3 |
Perrigo
PRGO
|
+$25.6M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$7.63M |
| 5 |
Liberty Global Class C
LBTYK
|
+$6.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$51.2M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$43.4M |
| 3 |
ExxonMobil
XOM
|
+$41.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$27.7M |
| 5 |
Microsoft
MSFT
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Technology | 13.06% |
| 3 | Energy | 11.79% |
| 4 | Industrials | 11.18% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Vulcan Materials
VMC
$37.1B
| $8.37M | 0.03% |
125,942
-11,900
| -9% | -$760K |
|
477
Newell Brands
NWL
$2.59B
| $8.34M | 0.03% |
278,971
-27,000
| -9% | -$838K |
|
|
CFN
478
DELISTED
CAREFUSION CORPORATION
CFN
| $8.24M | 0.03% |
204,850
-23,600
| -10% | -$955K |
|
|
CBI
479
DELISTED
Chicago Bridge & Iron Nv
CBI
| $8.19M | 0.03% |
94,000
-8,900
| -9% | -$723K |
|
480
Quest Diagnostics
DGX
$26.3B
| $8.18M | 0.03% |
141,230
-20,700
| -13% | -$1.11M |
|
481
Royal Caribbean
RCL
$81.7B
| $8.16M | 0.03% |
149,538
-13,500
| -8% | -$684K |
|
482
Mohawk Industries
MHK
$9.26B
| $8.15M | 0.03% |
59,974
-5,400
| -8% | -$773K |
|
|
JAH
483
DELISTED
JARDEN CORPORATION
JAH
| $8.15M | 0.03% |
204,375
+46,050
| +29% | +$1.87M |
|
|
HAR
484
DELISTED
Harman International Industries
HAR
| $8.15M | 0.03% |
76,600
+16,600
| +28% | +$1.65M |
|
|
GRA
485
DELISTED
W.R. Grace & Co.
GRA
| $8.13M | 0.03% |
82,000
+18,200
| +29% | +$1.79M |
|
486
Jacobs Solutions
J
$17.2B
| $8.12M | 0.03% |
154,679
-14,629
| -9% | -$754K |
|
|
NE
487
DELISTED
Noble Corporation
NE
| $8.06M | 0.03% |
281,634
-25,855
| -8% | -$731K |
|
488
Equifax
EFX
$21.4B
| $8.04M | 0.03% |
118,245
-11,000
| -9% | -$769K |
|
489
H&R Block
HRB
$5.84B
| $8.01M | 0.03% |
265,465
-25,800
| -9% | -$774K |
|
490
AGNC Investment
AGNC
$12.9B
| $8.01M | 0.03% |
372,500
-48,000
| -11% | -$1.03M |
|
|
WLL
491
DELISTED
Whiting Petroleum Corporation
WLL
| $8M | 0.03% |
384
-37
| -9% | -$701K |
|
|
NGD
492
DELISTED
New Gold Inc
NGD
| $7.99M | 0.03% |
1,609,000
-10,100
| -0.6% | -$58.3K |
|
493
Expeditors International
EXPD
$23B
| $7.91M | 0.03% |
199,706
-19,400
| -9% | -$796K |
|
|
FL
494
DELISTED
Foot Locker
FL
| $7.89M | 0.03% |
168,000
+35,400
| +27% | +$1.47M |
|
495
Skyworks Solutions
SWKS
$10.2B
| $7.88M | 0.03% |
210,100
+47,100
| +29% | +$1.55M |
|
496
Edwards Lifesciences
EW
$54B
| $7.88M | 0.03% |
637,494
-79,800
| -11% | -$921K |
|
497
Packaging Corp of America
PKG
$23B
| $7.87M | 0.03% |
111,900
+24,300
| +28% | +$1.66M |
|
498
American Water Works
AWK
$27B
| $7.86M | 0.03% |
173,222
-15,400
| -8% | -$666K |
|
499
Fortune Brands Innovations
FBIN
$5.95B
| $7.86M | 0.03% |
218,439
+48,204
| +28% | +$1.85M |
|
500
Teradata
TDC
$2.52B
| $7.81M | 0.03% |
158,825
-14,400
| -8% | -$649K |
|
Similar funds
Swiss National Bank's Q1 2014 Portfolio in Review
As of Q1 2014, Swiss National Bank held 2,515 positions worth $25.5B, down 0.58% from $25.6B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Trading was light in Q1 2014: portfolio turnover was 1.2%. Swiss National Bank opened 8 new positions and exited 21, leaving the 2,515-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q1 2014 buy was Veren: 1,374,746 shares worth $46M.
- Swiss National Bank added most to Verizon in Q1 2014, an estimated $91.5M increase.
- Swiss National Bank's biggest Q1 2014 reduction was Apple, cutting an estimated $51.2M.
- Swiss National Bank fully exited COLE REAL ESTATE INVESTMENTS, INC COM in Q1 2014, selling an estimated $43.4M.
- Swiss National Bank's ten largest holdings make up 13% of its $25.5B portfolio in Q1 2014.
- Swiss National Bank opened 8 new positions and closed 21 in Q1 2014.
- Swiss National Bank's portfolio value fell 0.58% quarter-over-quarter to $25.5B.
Based on Swiss National Bank's 13F filing for Q1 2014, filed 6 May 2014.