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 |
CNH
CNH Industrial
CNH
|
+$68.3M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$42.1M |
| 3 |
Merck
MRK
|
+$40.2M |
| 4 |
Qualcomm
QCOM
|
+$34.3M |
| 5 |
Crown Castle
CCI
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$60.5M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$52.3M |
| 3 |
AGNC Investment
AGNC
|
+$49.6M |
| 4 |
Realty Income
O
|
+$42.3M |
| 5 |
Freeport-McMoran
FCX
|
+$37.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.22% |
| 2 | Healthcare | 12.93% |
| 3 | Energy | 11.93% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Staples | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Visteon
VC
$2.82B
| $3.27M | 0.01% |
39,900
+400
| +1% | +$30.9K |
|
802
Ryder
R
$10B
| $3.26M | 0.01% |
44,200
| – | – |
|
|
P
803
DELISTED
Pandora Media Inc
P
| $3.26M | 0.01% |
122,500
-600
| -0.5% | -$16.4K |
|
|
XLS
804
DELISTED
EXELIS INC COM STK
XLS
| $3.25M | 0.01% |
182,606
+1,071
| +0.6% | +$17K |
|
|
FEIC
805
DELISTED
FEI COMPANY
FEIC
| $3.23M | 0.01% |
36,200
+4,400
| +14% | +$390K |
|
806
Patterson-UTI
PTEN
$4.2B
| $3.21M | 0.01% |
126,900
+1,000
| +0.8% | +$23.9K |
|
807
Commerce Bancshares
CBSH
$8.46B
| $3.21M | 0.01% |
128,377
+719
| +0.6% | +$17.6K |
|
|
BRCD
808
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $3.21M | 0.01% |
361,800
| – | – |
|
809
Howard Hughes
HHH
$4B
| $3.21M | 0.01% |
28,008
+209
| +0.8% | +$22.7K |
|
810
Community Health Systems
CYH
$412M
| $3.2M | 0.01% |
98,494
+484
| +0.5% | +$16.6K |
|
811
Gaming and Leisure Properties
GLPI
$12.4B
| $3.2M | 0.01% |
+62,900
| New | +$2.99M |
|
|
RAD
812
DELISTED
Rite Aid Corporation
RAD
| $3.18M | 0.01% |
31,460
+235
| +0.8% | +$25K |
|
|
LNCO
813
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $3.18M | 0.01% |
103,136
+76,136
| +282% | +$2.33M |
|
814
NewMarket
NEU
$8.4B
| $3.17M | 0.01% |
9,500
| – | – |
|
815
ON Semiconductor
ON
$31.9B
| $3.16M | 0.01% |
383,500
| – | – |
|
816
Alnylam Pharmaceuticals
ALNY
$29.2B
| $3.16M | 0.01% |
49,100
+500
| +1% | +$29.8K |
|
|
DNY
817
DELISTED
DONNELLEY R R & SONS CO
DNY
| $3.15M | 0.01% |
155,500
+1,100
| +0.7% | +$22.3K |
|
|
FNFG
818
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $3.15M | 0.01% |
296,800
-10,000
| -3% | -$108K |
|
|
SRC
819
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $3.15M | 0.01% |
71,450
+5,977
| +9% | +$264K |
|
820
United Natural Foods
UNFI
$2.85B
| $3.14M | 0.01% |
41,700
+400
| +1% | +$28.2K |
|
821
Align Technology
ALGN
$12.5B
| $3.14M | 0.01% |
54,900
-500
| -0.9% | -$26.9K |
|
822
Eagle Materials
EXP
$6.45B
| $3.13M | 0.01% |
40,400
+300
| +0.7% | +$22.6K |
|
823
WEX
WEX
$6.43B
| $3.12M | 0.01% |
31,500
| – | – |
|
824
Valmont Industries
VMI
$9.6B
| $3.12M | 0.01% |
20,900
| – | – |
|
825
NNN REIT
NNN
$8.72B
| $3.11M | 0.01% |
102,500
+1,300
| +1% | +$42.1K |
|
Similar funds
Swiss National Bank's Q4 2013 Portfolio in Review
As of Q4 2013, Swiss National Bank held 2,581 positions worth $25.6B, up 6.8% from $24B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2013 filing shows 99 new, 547 increased, 645 reduced and 74 closed positions. Its largest new stake was CNH Industrial: 6,808,933 shares worth $67.6M. The largest sale was Annaly Capital Management, an estimated $60.5M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.
- Swiss National Bank's largest Q4 2013 buy was CNH Industrial: 6,808,933 shares worth $67.6M.
- Swiss National Bank added most to Merck in Q4 2013, an estimated $40.2M increase.
- Swiss National Bank's biggest Q4 2013 reduction was Annaly Capital Management, cutting an estimated $60.5M.
- Swiss National Bank fully exited Freeport-McMoran in Q4 2013, selling an estimated $37.3M.
- Swiss National Bank's ten largest holdings make up 14% of its $25.6B portfolio in Q4 2013.
- Swiss National Bank opened 99 new positions and closed 74 in Q4 2013.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $25.6B.
Based on Swiss National Bank's 13F filing for Q4 2013, filed 31 Jan 2014.