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 |
Alphabet (Google) Class C
GOOG
|
+$33M |
| 2 |
UnitedHealth
UNH
|
+$31.5M |
| 3 |
B
Barrick Mining
B
|
+$28.5M |
| 4 |
Cencora
COR
|
+$27.1M |
| 5 |
Union Pacific
UNP
|
+$25.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$75M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$32.5M |
| 3 |
Verisk Analytics
VRSK
|
+$31.9M |
| 4 |
AGN
Allergan Inc
AGN
|
+$28.6M |
| 5 |
AGN
Allergan plc
AGN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.18% |
| 2 | Healthcare | 13.12% |
| 3 | Energy | 12.36% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Staples | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GPOR
651
DELISTED
Gulfport Energy Corp.
GPOR
| $5.9M | 0.02% |
94,000
+500
| +0.5% | +$33.5K |
|
652
Atmos Energy
ATO
$28.4B
| $5.9M | 0.02% |
110,500
| – | – |
|
653
Arrow Electronics
ARW
$10.3B
| $5.89M | 0.02% |
97,448
-400
| -0.4% | -$23.3K |
|
654
Global Payments
GPN
$22.8B
| $5.86M | 0.02% |
160,800
-2,200
| -1% | -$75.7K |
|
655
Howard Hughes
HHH
$3.91B
| $5.84M | 0.02% |
38,813
+2,622
| +7% | +$366K |
|
656
Community Health Systems
CYH
$415M
| $5.83M | 0.02% |
155,516
| – | – |
|
|
CBST
657
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $5.82M | 0.02% |
83,400
| – | – |
|
658
MSCI
MSCI
$40.9B
| $5.81M | 0.02% |
126,700
-2,100
| -2% | -$90.4K |
|
|
DRE
659
DELISTED
Duke Realty Corp.
DRE
| $5.79M | 0.02% |
318,789
+2,200
| +0.7% | +$38.5K |
|
|
WIN
660
DELISTED
Windstream Holdings Inc
WIN
| $5.79M | 0.02% |
74,154
+217
| +0.3% | +$15.8K |
|
661
Jack Henry & Associates
JKHY
$11B
| $5.74M | 0.02% |
96,600
-600
| -0.6% | -$34.2K |
|
|
QEP
662
DELISTED
QEP RESOURCES, INC.
QEP
| $5.73M | 0.02% |
166,122
-8,100
| -5% | -$256K |
|
663
Timken Company
TKR
$8.77B
| $5.72M | 0.02% |
117,767
-11,036
| -9% | -$500K |
|
|
DISCK
664
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $5.71M | 0.02% |
157,186
-7,000
| -4% | -$257K |
|
665
Starwood Property Trust
STWD
$6.16B
| $5.7M | 0.02% |
239,750
+18,150
| +8% | +$432K |
|
|
FTR
666
DELISTED
Frontier Communications Corp.
FTR
| $5.69M | 0.02% |
64,943
+200
| +0.3% | +$17.3K |
|
|
LVNTA
667
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $5.69M | 0.02% |
156,801
| – | – |
|
668
Cadence Design Systems
CDNS
$91.4B
| $5.66M | 0.02% |
323,500
| – | – |
|
669
Kilroy Realty
KRC
$4.32B
| $5.64M | 0.02% |
90,600
| – | – |
|
670
NVR
NVR
$16.8B
| $5.64M | 0.02% |
4,900
| – | – |
|
671
Targa Resources
TRGP
$57.1B
| $5.63M | 0.02% |
40,300
+5,100
| +14% | +$586K |
|
672
Iron Mountain
IRM
$36.2B
| $5.62M | 0.02% |
171,589
+20,774
| +14% | +$564K |
|
|
WR
673
DELISTED
Westar Energy Inc
WR
| $5.62M | 0.02% |
147,100
+4,600
| +3% | +$165K |
|
674
Patterson-UTI
PTEN
$4.19B
| $5.62M | 0.02% |
160,700
| – | – |
|
|
SPN
675
DELISTED
Superior Energy Services, Inc.
SPN
| $5.59M | 0.02% |
15,460
-30
| -0.2% | -$9.94K |
|
Similar funds
Swiss National Bank's Q2 2014 Portfolio in Review
As of Q2 2014, Swiss National Bank held 2,604 positions worth $27B, up 6.1% from $25.5B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Swiss National Bank's Q2 2014 filing shows 110 new, 836 increased, 474 reduced and 72 closed positions. Its largest new stake was Antero Resources: 226,100 shares worth $14.8M. The largest sale was FOREST LABORATORIES INC, an estimated $75M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.
- Swiss National Bank's largest Q2 2014 buy was Antero Resources: 226,100 shares worth $14.8M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q2 2014, an estimated $33M increase.
- Swiss National Bank's biggest Q2 2014 reduction was FOREST LABORATORIES INC, cutting an estimated $75M.
- Swiss National Bank fully exited Weatherford International plc in Q2 2014, selling an estimated $12.9M.
- Swiss National Bank's ten largest holdings make up 13% of its $27B portfolio in Q2 2014.
- Swiss National Bank opened 110 new positions and closed 72 in Q2 2014.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $27B.
Based on Swiss National Bank's 13F filing for Q2 2014, filed 6 Aug 2014.