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 |
Stellantis
STLA
|
+$58.6M |
| 2 |
B
Barrick Mining
B
|
+$42.7M |
| 3 |
Henry Schein
HSIC
|
+$41.4M |
| 4 |
Qualcomm
QCOM
|
+$28.7M |
| 5 |
Republic Services
RSG
|
+$28.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
|
+$64.4M |
| 2 |
General Dynamics
GD
|
+$35.5M |
| 3 |
THI
TIM HORTONS INC COM, CANADA
THI
|
+$31.8M |
| 4 |
Apple
AAPL
|
+$30.2M |
| 5 |
Johnson & Johnson
JNJ
|
+$30M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.42% |
| 2 | Technology | 13.9% |
| 3 | Industrials | 10.95% |
| 4 | Consumer Staples | 10.07% |
| 5 | Energy | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ITC
551
DELISTED
ITC HOLDINGS CORP
ITC
| $7.16M | 0.03% |
177,000
+2,100
| +1% | +$80.5K |
|
552
Darden Restaurants
DRI
$24.9B
| $7.16M | 0.03% |
136,526
-4,699
| -3% | -$228K |
|
|
ARG
553
DELISTED
Airgas Inc
ARG
| $7.14M | 0.03% |
61,967
-2,100
| -3% | -$236K |
|
554
AGNC Investment
AGNC
$12.8B
| $7.13M | 0.03% |
326,700
-11,900
| -4% | -$268K |
|
|
CPN
555
DELISTED
Calpine Corporation
CPN
| $7.12M | 0.03% |
321,658
-23,200
| -7% | -$515K |
|
|
MDVN
556
DELISTED
MEDIVATION, INC.
MDVN
| $7.11M | 0.03% |
142,800
-25,800
| -15% | -$1.34M |
|
557
W.P. Carey
WPC
$16.1B
| $7.07M | 0.03% |
102,917
+2,348
| +2% | +$155K |
|
558
Alexandria Real Estate Equities
ARE
$8.32B
| $7.05M | 0.03% |
79,500
+1,800
| +2% | +$151K |
|
559
Community Health Systems
CYH
$415M
| $7.03M | 0.03% |
157,815
+3,751
| +2% | +$160K |
|
560
FMC
FMC
$1.31B
| $7.02M | 0.03% |
141,976
-5,073
| -3% | -$247K |
|
|
PCL
561
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $7.01M | 0.03% |
163,829
-6,000
| -4% | -$246K |
|
562
L3Harris
LHX
$54B
| $7M | 0.03% |
97,446
-4,700
| -5% | -$325K |
|
|
MWV
563
DELISTED
MEADWESTVACO CORP
MWV
| $7M | 0.03% |
157,625
-5,300
| -3% | -$229K |
|
|
ANSS
564
DELISTED
Ansys
ANSS
| $7M | 0.03% |
85,300
-3,500
| -4% | -$277K |
|
565
Dentsply Sirona
XRAY
$2.32B
| $6.99M | 0.03% |
131,136
-4,800
| -4% | -$244K |
|
566
Pinnacle West Capital
PNW
$12B
| $6.97M | 0.03% |
102,051
-3,700
| -3% | -$230K |
|
|
SBNY
567
DELISTED
Signature Bank
SBNY
| $6.97M | 0.03% |
55,300
+3,800
| +7% | +$454K |
|
568
Alnylam Pharmaceuticals
ALNY
$29B
| $6.95M | 0.03% |
71,600
+3,700
| +5% | +$343K |
|
569
IDEX
IEX
$17.2B
| $6.94M | 0.03% |
89,200
+1,500
| +2% | +$112K |
|
|
DRC
570
DELISTED
DRESSER-RAND GROUP INC
DRC
| $6.92M | 0.03% |
84,600
+1,900
| +2% | +$155K |
|
|
WWAV
571
DELISTED
The WhiteWave Foods Company
WWAV
| $6.91M | 0.03% |
197,371
+8,300
| +4% | +$295K |
|
572
Reinsurance Group of America
RGA
$15.8B
| $6.9M | 0.03% |
78,700
+1,200
| +2% | +$100K |
|
573
United Therapeutics
UTHR
$22.7B
| $6.89M | 0.03% |
53,200
+2,600
| +5% | +$335K |
|
|
SLXP
574
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $6.87M | 0.03% |
59,800
-9,400
| -14% | -$1.14M |
|
575
Alliant Energy
LNT
$17.7B
| $6.81M | 0.03% |
205,098
-7,400
| -3% | -$229K |
|
Similar funds
Swiss National Bank's Q4 2014 Portfolio in Review
As of Q4 2014, Swiss National Bank held 2,649 positions worth $26.7B, up 2.3% from $26.1B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Swiss National Bank's Q4 2014 filing shows 120 new, 1,249 increased, 564 reduced and 81 closed positions. Its largest new stake was Stellantis: 7,902,518 shares worth $59.9M. The largest sale was KINDER MORGAN MANAGEMENT LLC, an estimated $64.4M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.
- Swiss National Bank's largest Q4 2014 buy was Stellantis: 7,902,518 shares worth $59.9M.
- Swiss National Bank added most to Barrick Mining in Q4 2014, an estimated $42.7M increase.
- Swiss National Bank's biggest Q4 2014 reduction was Apple, cutting an estimated $30.2M.
- Swiss National Bank fully exited KINDER MORGAN MANAGEMENT LLC in Q4 2014, selling an estimated $64.4M.
- Swiss National Bank's ten largest holdings make up 13% of its $26.7B portfolio in Q4 2014.
- Swiss National Bank opened 120 new positions and closed 81 in Q4 2014.
- Swiss National Bank's portfolio value rose 2.3% quarter-over-quarter to $26.7B.
Based on Swiss National Bank's 13F filing for Q4 2014, filed 3 Feb 2015.