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
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
Sally Beauty Holdings
SBH
$1.51B
| $5.04M | 0.01% |
212,300
+25,800
| +14% | +$714K |
|
777
Acadia Healthcare
ACHC
$2.92B
| $5.03M | 0.01% |
75,968
+15,367
| +25% | +$1.18M |
|
|
RAX
778
DELISTED
Rackspace Hosting Inc
RAX
| $5.02M | 0.01% |
203,500
+20,900
| +11% | +$673K |
|
779
Herbalife
HLF
$1.23B
| $5.02M | 0.01% |
184,272
+28,472
| +18% | +$780K |
|
|
DHC
780
Diversified Healthcare Trust
DHC
$2.02B
| $4.99M | 0.01% |
310,772
+39,755
| +15% | +$657K |
|
781
Sonoco
SON
$5.68B
| $4.99M | 0.01% |
132,100
+17,100
| +15% | +$695K |
|
782
Vail Resorts
MTN
$5.22B
| $4.98M | 0.01% |
47,600
+6,200
| +15% | +$670K |
|
|
FNFG
783
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $4.97M | 0.01% |
487,000
+77,400
| +19% | +$734K |
|
|
WCG
784
DELISTED
Wellcare Health Plans, Inc.
WCG
| $4.96M | 0.01% |
57,600
+7,400
| +15% | +$648K |
|
785
Copart
CPRT
$26.7B
| $4.95M | 0.01% |
1,204,000
+112,000
| +10% | +$495K |
|
786
Donaldson
DCI
$11.1B
| $4.95M | 0.01% |
176,300
+22,800
| +15% | +$732K |
|
|
AWH
787
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $4.93M | 0.01% |
129,272
+15,500
| +14% | +$643K |
|
788
Bankunited
BKU
$3.38B
| $4.93M | 0.01% |
137,800
+18,400
| +15% | +$664K |
|
|
ABMD
789
DELISTED
Abiomed Inc
ABMD
| $4.93M | 0.01% |
53,100
+7,200
| +16% | +$634K |
|
|
BEE
790
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
| $4.92M | 0.01% |
357,022
+68,722
| +24% | +$932K |
|
|
AMSG
791
DELISTED
Amsurg Corp
AMSG
| $4.92M | 0.01% |
63,300
+8,100
| +15% | +$625K |
|
792
Nabors Industries
NBR
$1.32B
| $4.92M | 0.01% |
10,407
+1,068
| +11% | +$600K |
|
793
PTC
PTC
$16B
| $4.91M | 0.01% |
154,800
+19,300
| +14% | +$691K |
|
794
Brown & Brown
BRO
$23.4B
| $4.9M | 0.01% |
316,400
+36,200
| +13% | +$594K |
|
795
Nordson
NDSN
$17.3B
| $4.9M | 0.01% |
77,800
+9,800
| +14% | +$689K |
|
|
TTM
796
DELISTED
Tata Motors Limited
TTM
| $4.89M | 0.01% |
217,390
| – | – |
|
797
Euronet Worldwide
EEFT
$2.57B
| $4.89M | 0.01% |
66,000
+8,400
| +15% | +$562K |
|
798
Sabre
SABR
$787M
| $4.88M | 0.01% |
179,392
+35,900
| +25% | +$971K |
|
799
Tenet Healthcare
THC
$21.1B
| $4.87M | 0.01% |
131,900
+17,200
| +15% | +$889K |
|
800
National Fuel Gas
NFG
$7.74B
| $4.83M | 0.01% |
96,600
+12,100
| +14% | +$654K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.