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 | |
|---|---|---|---|---|---|---|
|
DHC
726
Diversified Healthcare Trust
DHC
$1.98B
| $4.68M | 0.02% |
225,814
-2,825
| -1% | -$64K |
|
727
NNN REIT
NNN
$8.71B
| $4.68M | 0.02% |
135,400
-1,900
| -1% | -$69.5K |
|
728
Omega Healthcare
OHI
$13.8B
| $4.67M | 0.02% |
136,700
-1,000
| -0.7% | -$36.8K |
|
729
Cullen/Frost Bankers
CFR
$10.3B
| $4.65M | 0.02% |
60,800
-1,000
| -2% | -$78.5K |
|
|
CIE
730
DELISTED
Cobalt International Energy, Inc
CIE
| $4.64M | 0.02% |
22,770
| – | – |
|
731
Leggett & Platt
LEG
$1.3B
| $4.64M | 0.02% |
132,936
-2,400
| -2% | -$82.3K |
|
732
Domino's
DPZ
$11.8B
| $4.63M | 0.02% |
60,200
-1,500
| -2% | -$112K |
|
733
Royal Gold
RGLD
$19.8B
| $4.63M | 0.02% |
71,300
-1,300
| -2% | -$97K |
|
734
Yelp
YELP
$1.28B
| $4.6M | 0.02% |
67,464
| – | – |
|
735
Carter's
CRI
$1.46B
| $4.59M | 0.02% |
59,200
-1,000
| -2% | -$77.3K |
|
|
MIC
736
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $4.57M | 0.02% |
68,500
+10,100
| +17% | +$703K |
|
737
Essential Utilities
WTRG
$11.4B
| $4.56M | 0.02% |
193,725
-4,100
| -2% | -$100K |
|
738
WEX
WEX
$6.44B
| $4.56M | 0.02% |
41,300
-900
| -2% | -$98.9K |
|
739
GameStop
GME
$8.44B
| $4.54M | 0.02% |
440,944
-10,400
| -2% | -$111K |
|
740
ITT
ITT
$19.4B
| $4.52M | 0.02% |
100,500
-1,500
| -1% | -$71.3K |
|
|
P
741
DELISTED
Pandora Media Inc
P
| $4.51M | 0.02% |
186,700
+2,000
| +1% | +$53.1K |
|
742
Madison Square Garden
MSGS
$9.47B
| $4.51M | 0.02% |
95,616
-1,402
| -1% | -$63.2K |
|
|
OA
743
DELISTED
Orbital ATK, Inc.
OA
| $4.49M | 0.02% |
35,200
-800
| -2% | -$105K |
|
744
Albemarle
ALB
$15.3B
| $4.49M | 0.02% |
76,200
-1,300
| -2% | -$84.5K |
|
745
ATI
ATI
$31.3B
| $4.48M | 0.02% |
120,800
-2,100
| -2% | -$88.3K |
|
746
MSC Industrial Direct
MSM
$6.7B
| $4.48M | 0.02% |
52,400
-400
| -0.8% | -$35.6K |
|
747
Chord Energy
CHRD
$7.62B
| $4.46M | 0.02% |
106,600
-1,900
| -2% | -$94.5K |
|
748
Allison Transmission
ALSN
$10.3B
| $4.46M | 0.02% |
156,400
-3,700
| -2% | -$112K |
|
|
TMH
749
DELISTED
Team Health Holdings Inc
TMH
| $4.45M | 0.02% |
76,700
-1,400
| -2% | -$78.1K |
|
|
URS
750
DELISTED
URS CORP
URS
| $4.44M | 0.02% |
77,000
-4,000
| -5% | -$232K |
|
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.