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 | |
|---|---|---|---|---|---|---|
576
Pultegroup
PHM
$25.2B
| $6.43M | 0.03% |
335,000
-35,400
| -10% | -$699K |
|
577
3D Systems Corp
DDD
$623M
| $6.41M | 0.03% |
108,350
+24,900
| +30% | +$1.86M |
|
578
Reinsurance Group of America
RGA
$16B
| $6.4M | 0.03% |
80,400
+17,200
| +27% | +$1.31M |
|
579
Dentsply Sirona
XRAY
$2.34B
| $6.38M | 0.03% |
138,536
-13,100
| -9% | -$606K |
|
580
Zions Bancorporation
ZION
$10.4B
| $6.37M | 0.03% |
205,700
+46,000
| +29% | +$1.4M |
|
581
News Corp Class A
NWSA
$15.4B
| $6.34M | 0.02% |
368,399
-35,200
| -9% | -$609K |
|
582
Trinity Industries
TRN
$2.28B
| $6.33M | 0.02% |
243,908
+53,059
| +28% | +$1.22M |
|
|
DISCK
583
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $6.33M | 0.02% |
164,186
-26,200
| -14% | -$1M |
|
584
Hasbro
HAS
$13.7B
| $6.31M | 0.02% |
113,446
-10,200
| -8% | -$543K |
|
585
Acuity Brands
AYI
$10.7B
| $6.3M | 0.02% |
47,500
+10,800
| +29% | +$1.43M |
|
586
UDR
UDR
$12B
| $6.29M | 0.02% |
243,600
-22,400
| -8% | -$561K |
|
|
GRMN
587
Garmin
GRMN
$59.7B
| $6.29M | 0.02% |
113,748
-10,700
| -9% | -$529K |
|
588
Lennar Class A
LEN
$21.1B
| $6.28M | 0.02% |
166,409
-13,447
| -7% | -$514K |
|
589
Lincoln Electric
LECO
$15.5B
| $6.22M | 0.02% |
86,400
+18,900
| +28% | +$1.36M |
|
590
Avnet
AVT
$7.88B
| $6.22M | 0.02% |
133,632
-11,900
| -8% | -$510K |
|
591
RPM International
RPM
$14.9B
| $6.22M | 0.02% |
148,600
+33,200
| +29% | +$1.37M |
|
|
PPLI
592
People Inc
PPLI
$3B
| $6.2M | 0.02% |
485,681
+108,551
| +29% | +$1.4M |
|
|
SNI
593
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $6.18M | 0.02% |
81,461
-8,000
| -9% | -$623K |
|
|
AVP
594
DELISTED
Avon Products, Inc.
AVP
| $6.17M | 0.02% |
421,411
-38,400
| -8% | -$590K |
|
595
ResMed
RMD
$32.7B
| $6.17M | 0.02% |
138,000
-13,000
| -9% | -$584K |
|
|
HOUS
596
DELISTED
Anywhere Real Estate
HOUS
| $6.16M | 0.02% |
141,800
-13,000
| -8% | -$606K |
|
597
Oil States International
OIS
$532M
| $6.14M | 0.02% |
109,025
+24,150
| +28% | +$1.34M |
|
598
Alliant Energy
LNT
$17.8B
| $6.13M | 0.02% |
215,698
-19,600
| -8% | -$518K |
|
599
Edgewell Personal Care
EPC
$1.31B
| $6.12M | 0.02% |
81,977
-7,150
| -8% | -$523K |
|
600
D.R. Horton
DHI
$42.1B
| $6.11M | 0.02% |
282,374
-25,600
| -8% | -$579K |
|
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.