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 | |
|---|---|---|---|---|---|---|
676
Starwood Property Trust
STWD
$6.17B
| $5.23M | 0.02% |
238,350
-1,400
| -0.6% | -$32.8K |
|
677
CoStar Group
CSGP
$12.6B
| $5.23M | 0.02% |
336,100
-7,000
| -2% | -$104K |
|
678
Eagle Materials
EXP
$6.57B
| $5.22M | 0.02% |
51,300
-1,100
| -2% | -$107K |
|
|
HOUS
679
DELISTED
Anywhere Real Estate
HOUS
| $5.21M | 0.02% |
140,000
-2,400
| -2% | -$93.9K |
|
680
Atmos Energy
ATO
$28.6B
| $5.2M | 0.02% |
109,100
-1,400
| -1% | -$69.9K |
|
681
3D Systems Corp
DDD
$633M
| $5.17M | 0.02% |
111,550
-1,800
| -2% | -$93.9K |
|
|
AIV
682
Aimco
AIV
$376M
| $5.16M | 0.02% |
1,216,853
-25,523
| -2% | -$114K |
|
|
WPX
683
DELISTED
WPX Energy, Inc.
WPX
| $5.16M | 0.02% |
214,400
-3,600
| -2% | -$85.2K |
|
|
HOLX
684
DELISTED
Hologic
HOLX
| $5.14M | 0.02% |
211,424
-2,500
| -1% | -$63.1K |
|
|
TCO
685
DELISTED
Taubman Centers Inc.
TCO
| $5.13M | 0.02% |
70,300
-1,100
| -2% | -$82.7K |
|
686
Patterson-UTI
PTEN
$4.22B
| $5.12M | 0.02% |
157,400
-3,300
| -2% | -$112K |
|
687
Ryder
R
$9.92B
| $5.11M | 0.02% |
56,800
-1,300
| -2% | -$117K |
|
688
Iron Mountain
IRM
$36.4B
| $5.1M | 0.02% |
156,285
-15,304
| -9% | -$496K |
|
|
BRCD
689
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $5.1M | 0.02% |
469,300
-8,100
| -2% | -$78.9K |
|
|
DNR
690
DELISTED
Denbury Resources, Inc.
DNR
| $5.09M | 0.02% |
338,424
-8,500
| -2% | -$143K |
|
691
Nordson
NDSN
$17.3B
| $5.04M | 0.02% |
66,300
-1,700
| -3% | -$133K |
|
|
QEP
692
DELISTED
QEP RESOURCES, INC.
QEP
| $5.04M | 0.02% |
163,822
-2,300
| -1% | -$76.9K |
|
693
Toll Brothers
TOL
$14.3B
| $5.04M | 0.02% |
161,733
-2,600
| -2% | -$89.1K |
|
|
EGN
694
DELISTED
Energen
EGN
| $5.04M | 0.02% |
69,768
-1,100
| -2% | -$88K |
|
695
Allegion
ALLE
$14.3B
| $5.04M | 0.02% |
105,700
-1,900
| -2% | -$99.6K |
|
696
Cboe Global Markets
CBOE
$29.5B
| $5.03M | 0.02% |
93,900
-2,100
| -2% | -$107K |
|
|
CVD
697
DELISTED
COVANCE INC.
CVD
| $5.02M | 0.02% |
63,800
-400
| -0.6% | -$34K |
|
698
Service Corp International
SCI
$11.4B
| $4.99M | 0.02% |
236,000
-4,000
| -2% | -$85.3K |
|
|
RAD
699
DELISTED
Rite Aid Corporation
RAD
| $4.99M | 0.02% |
51,535
-565
| -1% | -$72.9K |
|
|
TEG
700
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $4.97M | 0.02% |
76,665
-1,300
| -2% | -$87.5K |
|
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.