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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Telephone and Data Systems
TDS
$3.84B
| $2.3M | 0.01% |
77,700
-4,300
| -5% | -$118K |
|
927
Viasat
VSAT
$11.6B
| $2.29M | 0.01% |
36,000
-1,700
| -5% | -$114K |
|
928
SS&C Technologies
SSNC
$18.7B
| $2.29M | 0.01% |
120,400
+14,200
| +13% | +$258K |
|
|
ASNA
929
DELISTED
Ascena Retail Group, Inc.
ASNA
| $2.29M | 0.01% |
5,755
-320
| -5% | -$114K |
|
|
ESL
930
DELISTED
Esterline Technologies
ESL
| $2.29M | 0.01% |
28,700
-2,500
| -8% | -$200K |
|
|
FWLT
931
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $2.29M | 0.01% |
87,000
-7,500
| -8% | -$175K |
|
932
Associated Banc-Corp
ASB
$6.02B
| $2.29M | 0.01% |
147,700
-8,100
| -5% | -$133K |
|
|
JCP
933
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.29M | 0.01% |
259,329
+84,300
| +48% | +$1.2M |
|
934
Sensient Technologies
SXT
$5.61B
| $2.28M | 0.01% |
47,700
-4,200
| -8% | -$184K |
|
|
MIC
935
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $2.28M | 0.01% |
42,600
-2,400
| -5% | -$131K |
|
|
MFA
936
MFA Financial
MFA
$928M
| $2.27M | 0.01% |
76,325
-3,675
| -5% | -$113K |
|
|
CVA
937
DELISTED
Covanta Holding Corporation
CVA
| $2.27M | 0.01% |
106,300
-6,000
| -5% | -$126K |
|
|
HTSI
938
DELISTED
HARRIS TEETER SUPERMARKETS INC COM STK (NC)
HTSI
| $2.27M | 0.01% |
46,200
+3,500
| +8% | +$172K |
|
|
TMH
939
DELISTED
Team Health Holdings Inc
TMH
| $2.27M | 0.01% |
59,800
-2,800
| -4% | -$110K |
|
940
Hawaiian Electric Industries
HE
$2.05B
| $2.27M | 0.01% |
90,300
-8,600
| -9% | -$221K |
|
941
Compass Minerals
CMP
$1.13B
| $2.27M | 0.01% |
29,700
-1,600
| -5% | -$127K |
|
942
Thor Industries
THO
$4.23B
| $2.26M | 0.01% |
39,000
-2,100
| -5% | -$111K |
|
|
SGI
943
Somnigroup International
SGI
$13.7B
| $2.26M | 0.01% |
205,600
-10,000
| -5% | -$104K |
|
|
FCE.A
944
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $2.24M | 0.01% |
118,300
+2,300
| +2% | +$41.8K |
|
945
Brookdale Senior Living
BKD
$3B
| $2.24M | 0.01% |
85,000
-4,600
| -5% | -$126K |
|
|
CPHD
946
DELISTED
Cepheid Inc
CPHD
| $2.23M | 0.01% |
57,200
-3,000
| -5% | -$109K |
|
|
PRA
947
DELISTED
ProAssurance
PRA
| $2.23M | 0.01% |
49,400
-2,700
| -5% | -$135K |
|
948
Radian Group
RDN
$4.86B
| $2.23M | 0.01% |
159,700
-10,700
| -6% | -$143K |
|
|
MNK
949
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $2.22M | 0.01% |
+50,400
| New | +$2.21M |
|
|
VPHM
950
DELISTED
VIROPHARMA INC
VPHM
| $2.22M | 0.01% |
56,500
-3,100
| -5% | -$101K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
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 Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.