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 | |
|---|---|---|---|---|---|---|
|
AOL
826
DELISTED
AOL INC COMMON STOCK
AOL
| $3.92M | 0.02% |
89,600
+19,100
| +27% | +$863K |
|
827
United Airlines
UAL
$41B
| $3.92M | 0.02% |
87,862
-8,600
| -9% | -$387K |
|
|
WRI
828
DELISTED
Weingarten Realty Investors
WRI
| $3.92M | 0.02% |
130,500
+28,500
| +28% | +$842K |
|
|
TEN
829
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.91M | 0.02% |
67,400
+14,900
| +28% | +$862K |
|
|
DNY
830
DELISTED
DONNELLEY R R & SONS CO
DNY
| $3.9M | 0.02% |
218,132
+62,632
| +40% | +$1.12M |
|
831
SPX Corp
SPXC
$10.9B
| $3.9M | 0.02% |
157,557
-15,090
| -9% | -$387K |
|
832
Highwoods Properties
HIW
$3.4B
| $3.89M | 0.02% |
101,300
+18,300
| +22% | +$680K |
|
|
HME
833
DELISTED
HOME PROPERTIES, INC
HME
| $3.87M | 0.02% |
64,400
+14,100
| +28% | +$815K |
|
834
WEX
WEX
$6.44B
| $3.87M | 0.02% |
40,700
+9,200
| +29% | +$843K |
|
|
APOL
835
DELISTED
Apollo Education Group Inc Class A
APOL
| $3.86M | 0.02% |
112,800
+25,000
| +28% | +$811K |
|
836
Iron Mountain
IRM
$36.4B
| $3.84M | 0.02% |
150,815
-13,525
| -8% | -$346K |
|
837
KBR
KBR
$4.74B
| $3.84M | 0.02% |
143,933
-12,900
| -8% | -$389K |
|
838
Groupon
GRPN
$889M
| $3.83M | 0.02% |
24,448
+5,410
| +28% | +$1.05M |
|
839
Zebra Technologies
ZBRA
$18.1B
| $3.83M | 0.02% |
55,200
+12,300
| +29% | +$754K |
|
840
Tanger
SKT
$4.43B
| $3.83M | 0.02% |
109,300
+23,400
| +27% | +$795K |
|
841
Teledyne Technologies
TDY
$31.6B
| $3.83M | 0.02% |
39,300
+7,000
| +22% | +$664K |
|
842
United Natural Foods
UNFI
$2.86B
| $3.82M | 0.02% |
53,900
+12,200
| +29% | +$870K |
|
|
SPR
843
DELISTED
Spirit AeroSystems
SPR
| $3.79M | 0.01% |
134,600
+29,800
| +28% | +$909K |
|
844
Madison Square Garden
MSGS
$9.47B
| $3.79M | 0.01% |
93,654
+20,890
| +29% | +$858K |
|
|
RAX
845
DELISTED
Rackspace Hosting Inc
RAX
| $3.79M | 0.01% |
115,400
-9,500
| -8% | -$341K |
|
846
Palo Alto Networks
PANW
$313B
| $3.78M | 0.01% |
330,600
+211,800
| +178% | +$2.4M |
|
847
Dana Inc
DAN
$3.27B
| $3.77M | 0.01% |
162,000
+27,800
| +21% | +$577K |
|
848
Kennametal
KMT
$2.3B
| $3.76M | 0.01% |
84,900
+18,600
| +28% | +$851K |
|
|
TGI
849
DELISTED
Triumph Group
TGI
| $3.76M | 0.01% |
58,200
+12,900
| +28% | +$883K |
|
850
Centene
CNC
$32.1B
| $3.75M | 0.01% |
241,200
+54,800
| +29% | +$848K |
|
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.