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 | |
|---|---|---|---|---|---|---|
|
CNQR
676
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $5.28M | 0.02% |
53,300
+11,900
| +29% | +$1.34M |
|
|
LPT
677
DELISTED
Liberty Property Trust
LPT
| $5.26M | 0.02% |
142,448
-9,100
| -6% | -$330K |
|
678
Albemarle
ALB
$15.3B
| $5.25M | 0.02% |
79,000
-7,700
| -9% | -$499K |
|
|
HSH
679
DELISTED
HILLSHIRE BRANDS CO
HSH
| $5.23M | 0.02% |
140,400
+34,000
| +32% | +$1.22M |
|
680
Starwood Property Trust
STWD
$6.17B
| $5.23M | 0.02% |
221,600
+16,719
| +8% | +$397K |
|
681
AGCO
AGCO
$7.1B
| $5.22M | 0.02% |
94,556
-8,700
| -8% | -$466K |
|
682
Atmos Energy
ATO
$28.6B
| $5.21M | 0.02% |
110,500
+29,600
| +37% | +$1.36M |
|
|
SGEN
683
DELISTED
Seagen Inc. Common Stock
SGEN
| $5.21M | 0.02% |
114,300
+25,900
| +29% | +$1.24M |
|
684
lululemon athletica
LULU
$14.3B
| $5.19M | 0.02% |
98,655
-8,800
| -8% | -$439K |
|
|
KATE
685
DELISTED
Kate Spade & Company
KATE
| $5.17M | 0.02% |
139,400
+25,100
| +22% | +$829K |
|
686
Oshkosh
OSK
$9.62B
| $5.16M | 0.02% |
87,700
+19,000
| +28% | +$1.04M |
|
687
O-I Glass
OI
$1.1B
| $5.15M | 0.02% |
152,328
-13,400
| -8% | -$446K |
|
688
Gentex
GNTX
$5.04B
| $5.14M | 0.02% |
326,000
+73,200
| +29% | +$1.17M |
|
|
QEP
689
DELISTED
QEP RESOURCES, INC.
QEP
| $5.13M | 0.02% |
174,222
-16,000
| -8% | -$480K |
|
690
Graco
GGG
$13.5B
| $5.13M | 0.02% |
205,800
+45,300
| +28% | +$1.13M |
|
|
OA
691
DELISTED
Orbital ATK, Inc.
OA
| $5.12M | 0.02% |
36,000
+7,700
| +27% | +$1.03M |
|
|
TCO
692
DELISTED
Taubman Centers Inc.
TCO
| $5.11M | 0.02% |
72,200
+15,700
| +28% | +$1.07M |
|
|
RAD
693
DELISTED
Rite Aid Corporation
RAD
| $5.1M | 0.02% |
40,690
+9,230
| +29% | +$1.12M |
|
694
Sally Beauty Holdings
SBH
$1.58B
| $5.1M | 0.02% |
186,200
+38,300
| +26% | +$1.09M |
|
|
ACAS
695
DELISTED
American Capital Ltd
ACAS
| $5.09M | 0.02% |
322,500
+62,600
| +24% | +$965K |
|
696
Patterson-UTI
PTEN
$4.22B
| $5.09M | 0.02% |
160,700
+33,800
| +27% | +$940K |
|
|
HCC
697
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $5.07M | 0.02% |
111,500
+28,100
| +34% | +$1.24M |
|
698
Nu Skin
NUS
$236M
| $5.07M | 0.02% |
61,200
+15,700
| +35% | +$1.38M |
|
699
Yelp
YELP
$1.28B
| $5.06M | 0.02% |
65,764
+13,900
| +27% | +$1.17M |
|
700
Teleflex
TFX
$5.91B
| $5.05M | 0.02% |
47,100
+10,200
| +28% | +$1M |
|
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.