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 | |
|---|---|---|---|---|---|---|
|
PRE
726
DELISTED
PARTNERRE LTD
PRE
| $4.81M | 0.02% |
46,471
-10,400
| -18% | -$1.04M |
|
727
LPL Financial
LPLA
$29.2B
| $4.81M | 0.02% |
91,500
+18,600
| +26% | +$982K |
|
728
Tenet Healthcare
THC
$20.9B
| $4.8M | 0.02% |
112,200
+22,500
| +25% | +$993K |
|
729
AMC Global Media
AMCX
$486M
| $4.79M | 0.02% |
65,600
+14,600
| +29% | +$1.02M |
|
730
Cullen/Frost Bankers
CFR
$10.3B
| $4.79M | 0.02% |
61,800
+13,600
| +28% | +$1.02M |
|
731
Herbalife
HLF
$1.23B
| $4.79M | 0.02% |
167,296
-18,400
| -10% | -$608K |
|
732
Lennox International
LII
$14.9B
| $4.79M | 0.02% |
52,700
+11,300
| +27% | +$1M |
|
|
WIN
733
DELISTED
Windstream Holdings Inc
WIN
| $4.77M | 0.02% |
73,937
-6,371
| -8% | -$395K |
|
734
Service Corp International
SCI
$11.4B
| $4.77M | 0.02% |
240,000
+52,800
| +28% | +$970K |
|
|
SPN
735
DELISTED
Superior Energy Services, Inc.
SPN
| $4.76M | 0.02% |
15,490
-1,440
| -9% | -$387K |
|
736
Avery Dennison
AVY
$13.6B
| $4.76M | 0.02% |
93,856
-11,100
| -11% | -$554K |
|
737
Domino's
DPZ
$11.8B
| $4.75M | 0.02% |
61,700
+13,900
| +29% | +$1.02M |
|
|
STR
738
DELISTED
QUESTAR CORP
STR
| $4.74M | 0.02% |
199,300
+43,500
| +28% | +$1.01M |
|
739
NewMarket
NEU
$8.43B
| $4.73M | 0.02% |
12,100
+2,600
| +27% | +$922K |
|
|
PL
740
DELISTED
PROTECTIVE LIFE CORP
PL
| $4.73M | 0.02% |
89,900
+19,500
| +28% | +$1M |
|
|
OPLN
741
Openlane
OPLN
$4.48B
| $4.71M | 0.02% |
410,303
+90,621
| +28% | +$1.02M |
|
742
NNN REIT
NNN
$8.71B
| $4.71M | 0.02% |
137,300
+34,800
| +34% | +$1.16M |
|
|
NFX
743
DELISTED
Newfield Exploration
NFX
| $4.7M | 0.02% |
149,992
+34,000
| +29% | +$899K |
|
744
MSC Industrial Direct
MSM
$6.7B
| $4.69M | 0.02% |
54,200
+12,200
| +29% | +$1.04M |
|
|
GXP
745
DELISTED
Great Plains Energy Incorporated
GXP
| $4.69M | 0.02% |
173,400
+38,100
| +28% | +$965K |
|
|
GNC
746
DELISTED
GNC Holdings, Inc.
GNC
| $4.69M | 0.02% |
106,500
+23,400
| +28% | +$1.16M |
|
747
Assured Guaranty
AGO
$3.31B
| $4.68M | 0.02% |
185,000
+40,000
| +28% | +$946K |
|
|
SVC
748
Service Properties Trust
SVC
$1.05B
| $4.68M | 0.02% |
32,808
+7,411
| +29% | +$986K |
|
|
SIRO
749
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $4.67M | 0.02% |
62,500
+13,700
| +28% | +$976K |
|
750
GameStop
GME
$8.44B
| $4.67M | 0.02% |
454,144
-48,000
| -10% | -$461K |
|
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.