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
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SGI
801
Somnigroup International
SGI
$14B
| $4.71M | 0.01% |
286,000
+15,200
| +6% | +$232K |
|
802
Tyler Technologies
TYL
$13.2B
| $4.71M | 0.01% |
36,400
+1,100
| +3% | +$137K |
|
803
AptarGroup
ATR
$8.52B
| $4.7M | 0.01% |
73,700
-1,000
| -1% | -$63.9K |
|
804
Commerce Bancshares
CBSH
$8.48B
| $4.69M | 0.01% |
171,639
+3,420
| +2% | +$88.7K |
|
805
Encompass Health
EHC
$12.4B
| $4.69M | 0.01% |
128,088
+2,011
| +2% | +$71.7K |
|
806
Opko Health
OPK
$1.03B
| $4.69M | 0.01% |
291,400
+24,600
| +9% | +$383K |
|
|
BMR
807
DELISTED
BIOMED REALTY TRUST INC
BMR
| $4.65M | 0.01% |
240,400
+16,800
| +8% | +$348K |
|
|
ARRS
808
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $4.64M | 0.01% |
151,600
+9,300
| +7% | +$301K |
|
809
Neurocrine Biosciences
NBIX
$16.5B
| $4.64M | 0.01% |
97,100
+5,200
| +6% | +$220K |
|
|
STRZA
810
DELISTED
Starz - Series A
STRZA
| $4.63M | 0.01% |
103,642
+6,700
| +7% | +$267K |
|
811
Enovis
ENOV
$1.43B
| $4.62M | 0.01% |
58,216
+1,046
| +2% | +$88.6K |
|
|
VISN
812
Vistance Networks Inc
VISN
$2.65B
| $4.62M | 0.01% |
151,400
+24,300
| +19% | +$739K |
|
813
Sprouts Farmers Market
SFM
$7.87B
| $4.62M | 0.01% |
171,150
+7,600
| +5% | +$233K |
|
|
AZPN
814
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $4.61M | 0.01% |
101,300
| – | – |
|
|
ICPT
815
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $4.61M | 0.01% |
19,100
+1,100
| +6% | +$293K |
|
816
Brown & Brown
BRO
$23.8B
| $4.6M | 0.01% |
280,200
+4,800
| +2% | +$78.5K |
|
|
LHO
817
DELISTED
LaSalle Hotel Properties
LHO
| $4.6M | 0.01% |
129,850
+3,500
| +3% | +$129K |
|
|
UMPQ
818
DELISTED
Umpqua Holdings Corp
UMPQ
| $4.6M | 0.01% |
255,725
+7,400
| +3% | +$131K |
|
819
LPL Financial
LPLA
$29.5B
| $4.6M | 0.01% |
98,900
+8,300
| +9% | +$359K |
|
|
GNC
820
DELISTED
GNC Holdings, Inc.
GNC
| $4.59M | 0.01% |
103,200
+1,000
| +1% | +$45.6K |
|
|
WDR
821
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $4.58M | 0.01% |
96,800
+1,900
| +2% | +$92.6K |
|
822
Flowers Foods
FLO
$1.54B
| $4.56M | 0.01% |
215,750
+3,600
| +2% | +$80.8K |
|
|
IM
823
DELISTED
Ingram Micro
IM
| $4.55M | 0.01% |
181,700
+9,000
| +5% | +$235K |
|
824
Burlington
BURL
$23B
| $4.55M | 0.01% |
88,800
+14,700
| +20% | +$786K |
|
|
WRI
825
DELISTED
Weingarten Realty Investors
WRI
| $4.54M | 0.01% |
139,000
+7,000
| +5% | +$237K |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.