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 |
AGN
Allergan plc
AGN
|
+$18.3M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$16.5M |
| 3 |
ICL Group
ICL
|
+$11.3M |
| 4 |
Liberty Media Series C
FWONK
|
+$9.18M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$6.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.7M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$23.5M |
| 3 |
ExxonMobil
XOM
|
+$11.1M |
| 4 |
IBM
IBM
|
+$8.88M |
| 5 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.81% |
| 2 | Technology | 13.76% |
| 3 | Energy | 11.48% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Cinemark Holdings
CNK
$4.25B
| $3.87M | 0.01% |
113,700
-2,600
| -2% | -$90.2K |
|
827
Highwoods Properties
HIW
$3.4B
| $3.86M | 0.01% |
99,200
-2,100
| -2% | -$87.6K |
|
828
Old Republic International
ORI
$10.2B
| $3.86M | 0.01% |
270,200
-5,800
| -2% | -$88.6K |
|
829
Douglas Emmett
DEI
$1.92B
| $3.85M | 0.01% |
150,000
-2,500
| -2% | -$70.3K |
|
830
Zebra Technologies
ZBRA
$18.1B
| $3.85M | 0.01% |
54,200
-1,000
| -2% | -$78K |
|
|
RPAI
831
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $3.84M | 0.01% |
262,774
-5,600
| -2% | -$86.2K |
|
|
TWO
832
Two Harbors Investment
TWO
$1.26B
| $3.84M | 0.01% |
49,650
-975
| -2% | -$81K |
|
|
ESL
833
DELISTED
Esterline Technologies
ESL
| $3.84M | 0.01% |
34,500
-400
| -1% | -$45.5K |
|
834
SLM Corp
SLM
$5.11B
| $3.83M | 0.01% |
446,892
-19,600
| -4% | -$172K |
|
|
SEMG
835
DELISTED
SEMGROUP CORPORATION
SEMG
| $3.82M | 0.01% |
45,900
-900
| -2% | -$74.1K |
|
836
Align Technology
ALGN
$12.3B
| $3.81M | 0.01% |
73,700
-1,200
| -2% | -$65.3K |
|
837
Owens Corning
OC
$12.6B
| $3.79M | 0.01% |
119,500
-2,400
| -2% | -$84.7K |
|
838
Toro Company
TTC
$9.41B
| $3.79M | 0.01% |
128,000
-2,800
| -2% | -$85.3K |
|
|
VR
839
DELISTED
Validus Hold Ltd
VR
| $3.79M | 0.01% |
96,700
-3,600
| -4% | -$138K |
|
840
Rayonier
RYN
$6.45B
| $3.77M | 0.01% |
133,530
-2,205
| -2% | -$67.7K |
|
841
Live Nation Entertainment
LYV
$42.7B
| $3.77M | 0.01% |
156,900
-2,400
| -2% | -$55.5K |
|
|
RAX
842
DELISTED
Rackspace Hosting Inc
RAX
| $3.77M | 0.01% |
115,700
-1,800
| -2% | -$59.7K |
|
|
WCC
843
WESCO International
WCC
$17.8B
| $3.76M | 0.01% |
48,100
-900
| -2% | -$74.4K |
|
844
Flowers Foods
FLO
$1.52B
| $3.76M | 0.01% |
204,950
-4,200
| -2% | -$82K |
|
|
AZPN
845
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $3.76M | 0.01% |
99,700
-2,100
| -2% | -$79.2K |
|
846
Diamondback Energy
FANG
$56.5B
| $3.76M | 0.01% |
50,221
+8,900
| +22% | +$721K |
|
847
Equity Lifestyle Properties
ELS
$12.4B
| $3.75M | 0.01% |
177,200
-3,800
| -2% | -$84.2K |
|
|
NUAN
848
DELISTED
Nuance Communications, Inc.
NUAN
| $3.75M | 0.01% |
281,001
-4,736
| -2% | -$70.3K |
|
849
AutoNation
AN
$6.89B
| $3.74M | 0.01% |
74,400
-1,200
| -2% | -$65.7K |
|
850
Valmont Industries
VMI
$9.52B
| $3.72M | 0.01% |
27,600
-400
| -1% | -$57.4K |
|
Similar funds
Swiss National Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Swiss National Bank held 2,547 positions worth $26.1B, down 3.5% from $27B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 1.3%. Swiss National Bank opened 15 new positions and exited 18, leaving the 2,547-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q3 2014 buy was Weatherford International plc: 735,946 shares worth $15.3M.
- Swiss National Bank added most to Allergan plc in Q3 2014, an estimated $18.3M increase.
- Swiss National Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $23.7M.
- Swiss National Bank fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $23.5M.
- Swiss National Bank's ten largest holdings make up 14% of its $26.1B portfolio in Q3 2014.
- Swiss National Bank opened 15 new positions and closed 18 in Q3 2014.
- Swiss National Bank's portfolio value fell 3.5% quarter-over-quarter to $26.1B.
Based on Swiss National Bank's 13F filing for Q3 2014, filed 4 Nov 2014.