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 | |
|---|---|---|---|---|---|---|
501
TransDigm Group
TDG
$67.7B
| $8.18M | 0.03% |
48,900
+400
| +0.8% | +$72.1K |
|
502
Ball Corp
BALL
$16.5B
| $8.16M | 0.03% |
260,264
-6,600
| -2% | -$193K |
|
503
CMS Energy
CMS
$21.8B
| $8.12M | 0.03% |
260,500
+1,000
| +0.4% | +$29.8K |
|
504
Vulcan Materials
VMC
$36.9B
| $8.11M | 0.03% |
127,242
+1,300
| +1% | +$82.3K |
|
505
AGNC Investment
AGNC
$12.7B
| $8.08M | 0.03% |
345,200
-27,300
| -7% | -$628K |
|
|
IPG
506
DELISTED
Interpublic Group of Companies
IPG
| $8.06M | 0.03% |
413,290
+8,900
| +2% | +$162K |
|
507
Expedia Group
EXPE
$37.1B
| $8.06M | 0.03% |
102,355
-400
| -0.4% | -$29.1K |
|
508
HF Sinclair
DINO
$15B
| $8.05M | 0.03% |
184,307
+1,100
| +0.6% | +$54K |
|
|
VMW
509
DELISTED
VMware, Inc
VMW
| $8.02M | 0.03% |
82,861
+800
| +1% | +$77.8K |
|
510
Delta Air Lines
DAL
$59.3B
| $8.02M | 0.03% |
207,007
-800
| -0.4% | -$30.2K |
|
511
Packaging Corp of America
PKG
$22.7B
| $8M | 0.03% |
111,900
| – | – |
|
512
Fidelity National Financial
FNF
$13.1B
| $7.94M | 0.03% |
424,670
+4,554
| +1% | +$85.2K |
|
513
Alkermes
ALKS
$8.23B
| $7.94M | 0.03% |
157,800
+11,500
| +8% | +$530K |
|
514
Polaris
PII
$3.99B
| $7.93M | 0.03% |
60,900
-3,000
| -5% | -$397K |
|
|
TGNA
515
DELISTED
TEGNA Inc
TGNA
| $7.89M | 0.03% |
481,901
-3,250
| -0.7% | -$47.6K |
|
516
T-Mobile US
TMUS
$189B
| $7.89M | 0.03% |
234,624
+1,200
| +0.5% | +$38.8K |
|
517
L3Harris
LHX
$54.5B
| $7.88M | 0.03% |
104,046
+200
| +0.2% | +$14.9K |
|
518
Arthur J. Gallagher & Co
AJG
$64.3B
| $7.87M | 0.03% |
168,920
+22,420
| +15% | +$1.02M |
|
519
Ashland
ASH
$3.45B
| $7.83M | 0.03% |
147,168
+818
| +0.6% | +$40.8K |
|
520
LKQ Corp
LKQ
$6.21B
| $7.82M | 0.03% |
293,100
+1,000
| +0.3% | +$27.6K |
|
|
PCL
521
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $7.79M | 0.03% |
172,629
+700
| +0.4% | +$30.5K |
|
522
Goodyear
GT
$1.75B
| $7.76M | 0.03% |
279,500
| – | – |
|
|
GRA
523
DELISTED
W.R. Grace & Co.
GRA
| $7.75M | 0.03% |
82,000
| – | – |
|
524
Masco
MAS
$14.8B
| $7.71M | 0.03% |
395,274
+569
| +0.1% | +$10.7K |
|
|
SWY
525
DELISTED
SAFEWAY INC
SWY
| $7.71M | 0.03% |
224,445
-42,792
| -16% | -$1.46M |
|
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.