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 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Packaging Corp of America
PKG
$22.9B
| $10.5M | 0.03% |
174,700
+16,200
| +10% | +$1.08M |
|
552
Regency Centers
REG
$13.9B
| $10.5M | 0.03% |
168,359
+16,900
| +11% | +$1.04M |
|
|
WBC
553
DELISTED
WABCO HOLDINGS INC.
WBC
| $10.4M | 0.03% |
99,400
+9,500
| +11% | +$1.11M |
|
554
United Rentals
URI
$71.2B
| $10.4M | 0.03% |
173,000
+17,200
| +11% | +$1.19M |
|
|
CPGX
555
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $10.4M | 0.03% |
+566,376
| New | +$14.8M |
|
556
Avnet
AVT
$7.87B
| $10.3M | 0.03% |
242,432
+22,100
| +10% | +$920K |
|
557
lululemon athletica
LULU
$14.3B
| $10.3M | 0.03% |
202,755
+19,500
| +11% | +$1.19M |
|
558
Global Payments
GPN
$22.7B
| $10.3M | 0.03% |
178,800
+21,200
| +13% | +$1.18M |
|
559
Toll Brothers
TOL
$14.3B
| $10.2M | 0.03% |
297,833
+27,900
| +10% | +$1.06M |
|
560
Leggett & Platt
LEG
$1.3B
| $10.1M | 0.03% |
245,836
+22,300
| +10% | +$1.04M |
|
561
Pediatrix Medical
MD
$2.12B
| $9.99M | 0.03% |
130,100
+16,000
| +14% | +$1.29M |
|
562
Flowserve
FLS
$10.3B
| $9.89M | 0.03% |
240,522
+22,400
| +10% | +$1.03M |
|
|
GAS
563
DELISTED
AGL Resources Inc
GAS
| $9.84M | 0.03% |
161,200
+23,300
| +17% | +$1.25M |
|
|
HOUS
564
DELISTED
Anywhere Real Estate
HOUS
| $9.84M | 0.03% |
261,400
+25,100
| +11% | +$1.09M |
|
|
HCC
565
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $9.81M | 0.03% |
126,700
+15,500
| +14% | +$1.2M |
|
|
FTR
566
DELISTED
Frontier Communications Corp.
FTR
| $9.78M | 0.03% |
137,203
+13,120
| +11% | +$993K |
|
567
OGE Energy
OGE
$9.57B
| $9.74M | 0.03% |
356,100
+34,100
| +11% | +$972K |
|
568
W.R. Berkley
WRB
$26B
| $9.7M | 0.02% |
601,925
+54,000
| +10% | +$885K |
|
569
Range Resources
RRC
$9.5B
| $9.69M | 0.02% |
301,729
+29,100
| +11% | +$1.14M |
|
570
AXIS Capital
AXS
$7.35B
| $9.68M | 0.02% |
180,146
+17,400
| +11% | +$966K |
|
571
Assurant
AIZ
$13.9B
| $9.56M | 0.02% |
120,958
+9,300
| +8% | +$694K |
|
572
Arrow Electronics
ARW
$10.5B
| $9.44M | 0.02% |
170,848
+15,900
| +10% | +$883K |
|
573
Idexx Laboratories
IDXX
$46.2B
| $9.36M | 0.02% |
126,000
+15,600
| +14% | +$1.12M |
|
|
CPN
574
DELISTED
Calpine Corporation
CPN
| $9.22M | 0.02% |
631,258
+54,600
| +9% | +$897K |
|
|
SPR
575
DELISTED
Spirit AeroSystems
SPR
| $9.21M | 0.02% |
190,600
+26,200
| +16% | +$1.39M |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.