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 | |
|---|---|---|---|---|---|---|
601
Reliance Steel & Aluminium
RS
$21.6B
| $6.11M | 0.02% |
86,400
+19,600
| +29% | +$1.4M |
|
|
CBST
602
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $6.1M | 0.02% |
83,400
+27,100
| +48% | +$2.02M |
|
|
PCYC
603
DELISTED
PHARMACYCLICS INC
PCYC
| $6.09M | 0.02% |
60,800
-5,400
| -8% | -$702K |
|
604
Sensata Technologies
ST
$6.73B
| $6.06M | 0.02% |
142,100
-11,400
| -7% | -$454K |
|
605
ManpowerGroup
MAN
$2.62B
| $6.05M | 0.02% |
76,764
-6,700
| -8% | -$530K |
|
606
Marvell Technology
MRVL
$191B
| $6.03M | 0.02% |
382,672
-37,300
| -9% | -$570K |
|
|
DNKN
607
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $6.01M | 0.02% |
119,700
+26,500
| +28% | +$1.31M |
|
608
Crown Holdings
CCK
$13.1B
| $6M | 0.02% |
134,133
-15,900
| -11% | -$691K |
|
|
JOY
609
DELISTED
Joy Global Inc
JOY
| $5.99M | 0.02% |
103,352
-9,500
| -8% | -$527K |
|
610
Extra Space Storage
EXR
$31B
| $5.99M | 0.02% |
123,500
+30,000
| +32% | +$1.39M |
|
611
MDU Resources
MDU
$4.31B
| $5.98M | 0.02% |
458,431
-42,078
| -8% | -$522K |
|
|
OCR
612
DELISTED
OMNICARE INC
OCR
| $5.97M | 0.02% |
100,048
-10,600
| -10% | -$643K |
|
613
CoStar Group
CSGP
$12.6B
| $5.96M | 0.02% |
319,000
+72,000
| +29% | +$1.36M |
|
|
SEE
614
DELISTED
Sealed Air
SEE
| $5.95M | 0.02% |
181,123
-16,300
| -8% | -$531K |
|
615
First Solar
FSLR
$25.9B
| $5.95M | 0.02% |
85,300
+22,200
| +35% | +$1.24M |
|
|
LVLT
616
DELISTED
Level 3 Communications Inc
LVLT
| $5.95M | 0.02% |
152,033
-12,800
| -8% | -$461K |
|
|
ROC
617
DELISTED
ROCKWOOD HLDGS INC
ROC
| $5.93M | 0.02% |
79,700
+16,300
| +26% | +$1.2M |
|
618
Cintas
CTAS
$82.1B
| $5.9M | 0.02% |
396,192
-45,600
| -10% | -$674K |
|
619
Ingredion
INGR
$6.6B
| $5.9M | 0.02% |
86,600
+18,500
| +27% | +$1.21M |
|
620
W.P. Carey
WPC
$15.9B
| $5.88M | 0.02% |
99,956
+72,083
| +259% | +$4.35M |
|
|
LSI
621
DELISTED
LSI CORPORATION
LSI
| $5.86M | 0.02% |
529,448
-52,500
| -9% | -$580K |
|
|
DNR
622
DELISTED
Denbury Resources, Inc.
DNR
| $5.84M | 0.02% |
356,324
-39,500
| -10% | -$642K |
|
623
UGI
UGI
$7.54B
| $5.84M | 0.02% |
192,150
+42,600
| +28% | +$1.23M |
|
624
Pinnacle West Capital
PNW
$12.1B
| $5.84M | 0.02% |
106,851
-9,800
| -8% | -$525K |
|
625
Jones Lang LaSalle
JLL
$16.7B
| $5.83M | 0.02% |
49,200
+10,900
| +28% | +$1.26M |
|
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.