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 |
Apple
AAPL
|
+$407M |
| 2 |
ExxonMobil
XOM
|
+$212M |
| 3 |
Microsoft
MSFT
|
+$200M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$183M |
| 5 |
Johnson & Johnson
JNJ
|
+$158M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$58.6M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$43M |
| 3 |
BCE
BCE
|
+$39M |
| 4 |
PETM
PETSMART INC
PETM
|
+$11.8M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$11.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.69% |
| 2 | Technology | 14.6% |
| 3 | Industrials | 10.89% |
| 4 | Consumer Discretionary | 9.64% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Lincoln Electric
LECO
$15.5B
| $5.53M | 0.01% |
84,600
| – | – |
|
727
Genworth Financial
GNW
$3.7B
| $5.52M | 0.01% |
754,900
+295,700
| +64% | +$2.25M |
|
728
Liberty Media Series A
FWONA
$23.4B
| $5.51M | 0.01% |
212,465
+83,140
| +64% | +$2.08M |
|
|
NE
729
DELISTED
Noble Corporation
NE
| $5.49M | 0.01% |
384,384
+149,200
| +63% | +$2.42M |
|
730
Cboe Global Markets
CBOE
$29.5B
| $5.47M | 0.01% |
95,300
| – | – |
|
|
SVC
731
Service Properties Trust
SVC
$1.05B
| $5.47M | 0.01% |
33,392
+342
| +1% | +$54.6K |
|
|
CVC
732
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $5.47M | 0.01% |
298,909
+119,200
| +66% | +$2.29M |
|
|
SRC
733
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $5.45M | 0.01% |
100,685
+937
| +0.9% | +$51.9K |
|
734
DexCom
DXCM
$33.8B
| $5.45M | 0.01% |
349,600
+6,800
| +2% | +$103K |
|
735
Allison Transmission
ALSN
$10.3B
| $5.44M | 0.01% |
170,400
+2,300
| +1% | +$73.8K |
|
736
Brunswick
BC
$5.28B
| $5.44M | 0.01% |
105,800
+1,100
| +1% | +$58.4K |
|
|
QEP
737
DELISTED
QEP RESOURCES, INC.
QEP
| $5.42M | 0.01% |
260,122
+102,100
| +65% | +$2.13M |
|
738
American Financial Group
AFG
$12B
| $5.42M | 0.01% |
84,500
| – | – |
|
739
Nabors Industries
NBR
$1.3B
| $5.42M | 0.01% |
7,935
+2,970
| +60% | +$1.81M |
|
740
Steel Dynamics
STLD
$37.8B
| $5.41M | 0.01% |
269,000
+3,000
| +1% | +$55.9K |
|
|
HNT
741
DELISTED
HEALTH NET INC
HNT
| $5.4M | 0.01% |
89,300
-1,200
| -1% | -$67.6K |
|
742
Lamar Advertising Co
LAMR
$15.6B
| $5.39M | 0.01% |
91,000
+1,000
| +1% | +$57.1K |
|
743
Reliance Steel & Aluminium
RS
$21.6B
| $5.36M | 0.01% |
87,800
+900
| +1% | +$50.6K |
|
744
Graham Holdings Company
GHC
$4.97B
| $5.35M | 0.01% |
8,441
+331
| +4% | +$195K |
|
745
CoreCivic
CXW
$3.35B
| $5.35M | 0.01% |
132,918
+1,300
| +1% | +$51.2K |
|
746
Owens Corning
OC
$12.6B
| $5.34M | 0.01% |
123,100
+1,100
| +0.9% | +$43.6K |
|
|
BMS
747
DELISTED
Bemis
BMS
| $5.33M | 0.01% |
115,100
+1,100
| +1% | +$51.1K |
|
|
INFA
748
DELISTED
INFORMATICA CORP
INFA
| $5.33M | 0.01% |
121,500
| – | – |
|
749
Nordson
NDSN
$17.3B
| $5.33M | 0.01% |
68,000
+500
| +0.7% | +$37.9K |
|
750
Pitney Bowes
PBI
$2.27B
| $5.32M | 0.01% |
228,200
| – | – |
|
Similar funds
Swiss National Bank's Q1 2015 Portfolio in Review
As of Q1 2015, Swiss National Bank held 2,582 positions worth $37.5B, up 40% from $26.7B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $10.3B of net new capital in Q1 2015, opening 14 new positions and adding to 1,633 existing holdings. Its largest new stake was Infosys: 2,143,352 shares worth $18.8M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was BCE, an estimated $39M trimmed.
- Swiss National Bank's largest Q1 2015 buy was Infosys: 2,143,352 shares worth $18.8M.
- Swiss National Bank added most to Apple in Q1 2015, an estimated $407M increase.
- Swiss National Bank's biggest Q1 2015 reduction was BCE, cutting an estimated $39M.
- Swiss National Bank fully exited Allergan Inc in Q1 2015, selling an estimated $58.6M.
- Swiss National Bank's ten largest holdings make up 14% of its $37.5B portfolio in Q1 2015.
- Swiss National Bank opened 14 new positions and closed 36 in Q1 2015.
- Swiss National Bank's portfolio value rose 40% quarter-over-quarter to $37.5B.
Based on Swiss National Bank's 13F filing for Q1 2015, filed 6 May 2015.