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 | |
|---|---|---|---|---|---|---|
|
WOOF
776
DELISTED
VCA Inc.
WOOF
| $5.07M | 0.01% |
92,400
| – | – |
|
|
ATHN
777
DELISTED
Athenahealth, Inc.
ATHN
| $5.05M | 0.01% |
42,300
+500
| +1% | +$66.6K |
|
778
Equity Lifestyle Properties
ELS
$12.4B
| $5.04M | 0.01% |
183,600
+1,600
| +0.9% | +$43.8K |
|
|
CYN
779
DELISTED
CITY NATIONAL CORPORATION
CYN
| $5.04M | 0.01% |
56,600
+600
| +1% | +$51.9K |
|
|
CY
780
DELISTED
Cypress Semiconductor
CY
| $5.03M | 0.01% |
356,545
+191,545
| +116% | +$2.84M |
|
|
GNC
781
DELISTED
GNC Holdings, Inc.
GNC
| $5.01M | 0.01% |
102,200
| – | – |
|
782
DigitalBridge
DBRG
$2.95B
| $5M | 0.01% |
53,513
+525
| +1% | +$47.6K |
|
783
CDW
CDW
$16.7B
| $4.97M | 0.01% |
133,400
| – | – |
|
784
SS&C Technologies
SSNC
$18.4B
| $4.93M | 0.01% |
158,200
+1,800
| +1% | +$53.5K |
|
785
Maximus
MMS
$2.85B
| $4.93M | 0.01% |
73,800
| – | – |
|
|
MNDT
786
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.92M | 0.01% |
125,300
+49,200
| +65% | +$1.9M |
|
|
LHO
787
DELISTED
LaSalle Hotel Properties
LHO
| $4.91M | 0.01% |
126,350
+1,200
| +1% | +$48.4K |
|
|
CIE
788
DELISTED
Cobalt International Energy, Inc
CIE
| $4.91M | 0.01% |
34,777
+10,400
| +43% | +$1.4M |
|
789
Graco
GGG
$13.4B
| $4.88M | 0.01% |
203,100
| – | – |
|
790
World Kinect Corp
WKC
$1.89B
| $4.87M | 0.01% |
84,800
+600
| +0.7% | +$31.2K |
|
|
RCPT
791
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $4.87M | 0.01% |
29,540
+300
| +1% | +$38K |
|
792
National Fuel Gas
NFG
$7.78B
| $4.86M | 0.01% |
80,600
+800
| +1% | +$51.4K |
|
|
N
793
DELISTED
Netsuite Inc
N
| $4.86M | 0.01% |
52,400
+20,700
| +65% | +$2.05M |
|
794
PTC
PTC
$16.1B
| $4.84M | 0.01% |
133,800
| – | – |
|
|
FSL
795
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $4.83M | 0.01% |
118,500
+1,200
| +1% | +$41.3K |
|
796
Copart
CPRT
$26.7B
| $4.83M | 0.01% |
1,028,000
+12,000
| +1% | +$55.6K |
|
|
KATE
797
DELISTED
Kate Spade & Company
KATE
| $4.83M | 0.01% |
144,500
+1,600
| +1% | +$50.7K |
|
798
Flowers Foods
FLO
$1.51B
| $4.82M | 0.01% |
212,150
+2,300
| +1% | +$47.8K |
|
|
ISBC
799
DELISTED
Investors Bancorp, Inc.
ISBC
| $4.82M | 0.01% |
411,276
+19,200
| +5% | +$218K |
|
|
STR
800
DELISTED
QUESTAR CORP
STR
| $4.8M | 0.01% |
201,300
+1,900
| +1% | +$46.4K |
|
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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.