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 |
Verizon
VZ
|
+$91.5M |
| 2 |
VRN
Veren
VRN
|
+$44.4M |
| 3 |
Perrigo
PRGO
|
+$25.6M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$7.63M |
| 5 |
Liberty Global Class C
LBTYK
|
+$6.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$51.2M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$43.4M |
| 3 |
ExxonMobil
XOM
|
+$41.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$27.7M |
| 5 |
Microsoft
MSFT
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Technology | 13.06% |
| 3 | Energy | 11.79% |
| 4 | Industrials | 11.18% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WP
801
DELISTED
Worldpay, Inc.
WP
| $4.16M | 0.02% |
137,700
+6,100
| +5% | +$192K |
|
|
TWO
802
Two Harbors Investment
TWO
$1.26B
| $4.15M | 0.02% |
50,625
+11,150
| +28% | +$898K |
|
803
Douglas Emmett
DEI
$1.92B
| $4.14M | 0.02% |
152,500
+33,500
| +28% | +$867K |
|
|
XLS
804
DELISTED
EXELIS INC COM STK
XLS
| $4.14M | 0.02% |
233,050
+50,444
| +28% | +$930K |
|
|
UFS
805
DELISTED
DOMTAR CORPORATION (New)
UFS
| $4.13M | 0.02% |
73,600
+15,400
| +26% | +$794K |
|
806
BWX Technologies
BWXT
$15.5B
| $4.11M | 0.02% |
172,933
+38,306
| +28% | +$925K |
|
807
CNO Financial Group
CNO
$5.05B
| $4.11M | 0.02% |
226,900
+32,700
| +17% | +$588K |
|
808
CoreCivic
CXW
$3.35B
| $4.11M | 0.02% |
131,118
+29,100
| +29% | +$959K |
|
|
PAY
809
DELISTED
Verifone Systems Inc
PAY
| $4.11M | 0.02% |
121,400
+28,000
| +30% | +$830K |
|
|
WPX
810
DELISTED
WPX Energy, Inc.
WPX
| $4.09M | 0.02% |
226,600
+50,200
| +28% | +$926K |
|
|
WCC
811
WESCO International
WCC
$17.8B
| $4.08M | 0.02% |
49,000
+11,000
| +29% | +$943K |
|
|
RDC
812
DELISTED
Rowan Companies Plc
RDC
| $4.07M | 0.02% |
120,743
-11,000
| -8% | -$359K |
|
|
MNK
813
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $4.07M | 0.02% |
64,100
+14,200
| +28% | +$895K |
|
814
Old Dominion Freight Line
ODFL
$43.4B
| $4.05M | 0.02% |
214,200
+48,000
| +29% | +$871K |
|
|
AL
815
DELISTED
Air Lease Corp
AL
| $4.04M | 0.02% |
108,300
+23,900
| +28% | +$811K |
|
816
Valmont Industries
VMI
$9.52B
| $4.02M | 0.02% |
27,000
+6,100
| +29% | +$902K |
|
|
CPHD
817
DELISTED
Cepheid Inc
CPHD
| $4M | 0.02% |
77,600
+17,000
| +28% | +$865K |
|
818
A.O. Smith
AOS
$8.65B
| $4M | 0.02% |
173,800
+36,600
| +27% | +$892K |
|
819
Southwest Airlines
LUV
$22.3B
| $4M | 0.02% |
169,212
-20,500
| -11% | -$448K |
|
820
Brinker International
EAT
$9.49B
| $3.99M | 0.02% |
76,000
+17,100
| +29% | +$855K |
|
|
ATML
821
DELISTED
ATMEL CORP
ATML
| $3.97M | 0.02% |
475,000
+105,900
| +29% | +$869K |
|
|
AWH
822
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $3.96M | 0.02% |
115,200
+24,600
| +27% | +$844K |
|
|
FMER
823
DELISTED
FIRSTMERIT CORP
FMER
| $3.95M | 0.02% |
189,678
+33,500
| +21% | +$709K |
|
|
URS
824
DELISTED
URS CORP
URS
| $3.94M | 0.02% |
83,800
+18,600
| +29% | +$901K |
|
|
TE
825
DELISTED
TECO ENERGY INC
TE
| $3.93M | 0.02% |
229,000
+51,100
| +29% | +$854K |
|
Similar funds
Swiss National Bank's Q1 2014 Portfolio in Review
As of Q1 2014, Swiss National Bank held 2,515 positions worth $25.5B, down 0.58% from $25.6B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Trading was light in Q1 2014: portfolio turnover was 1.2%. Swiss National Bank opened 8 new positions and exited 21, leaving the 2,515-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q1 2014 buy was Veren: 1,374,746 shares worth $46M.
- Swiss National Bank added most to Verizon in Q1 2014, an estimated $91.5M increase.
- Swiss National Bank's biggest Q1 2014 reduction was Apple, cutting an estimated $51.2M.
- Swiss National Bank fully exited COLE REAL ESTATE INVESTMENTS, INC COM in Q1 2014, selling an estimated $43.4M.
- Swiss National Bank's ten largest holdings make up 13% of its $25.5B portfolio in Q1 2014.
- Swiss National Bank opened 8 new positions and closed 21 in Q1 2014.
- Swiss National Bank's portfolio value fell 0.58% quarter-over-quarter to $25.5B.
Based on Swiss National Bank's 13F filing for Q1 2014, filed 6 May 2014.