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 |
AGN
Allergan plc
AGN
|
+$18.3M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$16.5M |
| 3 |
ICL Group
ICL
|
+$11.3M |
| 4 |
Liberty Media Series C
FWONK
|
+$9.18M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$6.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.7M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$23.5M |
| 3 |
ExxonMobil
XOM
|
+$11.1M |
| 4 |
IBM
IBM
|
+$8.88M |
| 5 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.81% |
| 2 | Technology | 13.76% |
| 3 | Energy | 11.48% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Dentsply Sirona
XRAY
$2.34B
| $6.2M | 0.02% |
135,936
-2,300
| -2% | -$108K |
|
602
Jacobs Solutions
J
$17.3B
| $6.18M | 0.02% |
153,108
-2,297
| -1% | -$100K |
|
603
Hasbro
HAS
$13.7B
| $6.17M | 0.02% |
112,246
-2,600
| -2% | -$137K |
|
|
SNI
604
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $6.16M | 0.02% |
78,861
-3,000
| -4% | -$242K |
|
|
ROC
605
DELISTED
ROCKWOOD HLDGS INC
ROC
| $6.15M | 0.02% |
80,500
-2,700
| -3% | -$216K |
|
606
NCR Voyix
VYX
$1.11B
| $6.15M | 0.02% |
300,083
-4,564
| -1% | -$92.6K |
|
|
TWTC
607
DELISTED
TW TELECOM INC CL A COM
TWTC
| $6.14M | 0.02% |
147,500
-4,700
| -3% | -$191K |
|
608
American Airlines Group
AAL
$10.2B
| $6.12M | 0.02% |
172,600
-2,900
| -2% | -$114K |
|
|
PL
609
DELISTED
PROTECTIVE LIFE CORP
PL
| $6.12M | 0.02% |
88,200
-1,700
| -2% | -$118K |
|
610
Jones Lang LaSalle
JLL
$16.7B
| $6.1M | 0.02% |
48,300
-900
| -2% | -$117K |
|
|
SIVB
611
DELISTED
SVB Financial Group
SIVB
| $6.09M | 0.02% |
54,300
-1,200
| -2% | -$133K |
|
|
ADT
612
DELISTED
ADT Corp
ADT
| $6.02M | 0.02% |
169,748
-8,900
| -5% | -$315K |
|
613
Pediatrix Medical
MD
$2.13B
| $5.99M | 0.02% |
109,300
-3,400
| -3% | -$193K |
|
614
News Corp Class A
NWSA
$15.4B
| $5.95M | 0.02% |
363,699
-6,000
| -2% | -$106K |
|
|
CLR
615
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.93M | 0.02% |
89,156
-1,200
| -1% | -$89.4K |
|
|
OCR
616
DELISTED
OMNICARE INC
OCR
| $5.92M | 0.02% |
95,148
-2,100
| -2% | -$133K |
|
617
Crown Holdings
CCK
$13.2B
| $5.91M | 0.02% |
132,833
-2,100
| -2% | -$101K |
|
618
Alliant Energy
LNT
$17.8B
| $5.89M | 0.02% |
212,498
-3,600
| -2% | -$104K |
|
619
MSCI
MSCI
$40.9B
| $5.86M | 0.02% |
124,700
-2,000
| -2% | -$92.5K |
|
620
Flex
FLEX
$45.1B
| $5.84M | 0.02% |
751,452
-27,602
| -4% | -$226K |
|
|
GRMN
621
Garmin
GRMN
$59.6B
| $5.83M | 0.02% |
112,148
-2,000
| -2% | -$111K |
|
622
Huntsman Corp
HUN
$1.84B
| $5.83M | 0.02% |
224,200
-4,100
| -2% | -$112K |
|
623
Nabors Industries
NBR
$1.3B
| $5.83M | 0.02% |
5,119
-58
| -1% | -$77.1K |
|
|
WBC
624
DELISTED
WABCO HOLDINGS INC.
WBC
| $5.82M | 0.02% |
64,000
-1,500
| -2% | -$151K |
|
625
Reliance Steel & Aluminium
RS
$21.8B
| $5.8M | 0.02% |
84,800
-1,600
| -2% | -$114K |
|
Similar funds
Swiss National Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Swiss National Bank held 2,547 positions worth $26.1B, down 3.5% from $27B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 1.3%. Swiss National Bank opened 15 new positions and exited 18, leaving the 2,547-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q3 2014 buy was Weatherford International plc: 735,946 shares worth $15.3M.
- Swiss National Bank added most to Allergan plc in Q3 2014, an estimated $18.3M increase.
- Swiss National Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $23.7M.
- Swiss National Bank fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $23.5M.
- Swiss National Bank's ten largest holdings make up 14% of its $26.1B portfolio in Q3 2014.
- Swiss National Bank opened 15 new positions and closed 18 in Q3 2014.
- Swiss National Bank's portfolio value fell 3.5% quarter-over-quarter to $26.1B.
Based on Swiss National Bank's 13F filing for Q3 2014, filed 4 Nov 2014.