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 |
CNH
CNH Industrial
CNH
|
+$68.3M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$42.1M |
| 3 |
Merck
MRK
|
+$40.2M |
| 4 |
Qualcomm
QCOM
|
+$34.3M |
| 5 |
Crown Castle
CCI
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$60.5M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$52.3M |
| 3 |
AGNC Investment
AGNC
|
+$49.6M |
| 4 |
Realty Income
O
|
+$42.3M |
| 5 |
Freeport-McMoran
FCX
|
+$37.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.22% |
| 2 | Healthcare | 12.93% |
| 3 | Energy | 11.93% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Staples | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSE
926
DELISTED
CAPITALSOURCE INC
CSE
| $2.54M | 0.01% |
176,900
+1,500
| +0.9% | +$20.1K |
|
927
RLJ Lodging Trust
RLJ
$1.65B
| $2.54M | 0.01% |
104,300
+1,100
| +1% | +$26.5K |
|
928
Stantec
STN
$8.5B
| $2.54M | 0.01% |
81,800
+600
| +0.7% | +$18.2K |
|
929
Maximus
MMS
$2.84B
| $2.53M | 0.01% |
57,600
| – | – |
|
|
EQC
930
DELISTED
Equity Commonwealth
EQC
| $2.52M | 0.01% |
108,300
+7,900
| +8% | +$187K |
|
931
Graham Holdings Company
GHC
$4.97B
| $2.52M | 0.01% |
6,289
| – | – |
|
932
Deckers Outdoor
DECK
$12.8B
| $2.52M | 0.01% |
178,800
| – | – |
|
933
Curtiss-Wright
CW
$26.1B
| $2.51M | 0.01% |
40,400
| – | – |
|
|
PAY
934
DELISTED
Verifone Systems Inc
PAY
| $2.5M | 0.01% |
93,400
| – | – |
|
935
ScottsMiracle-Gro
SMG
$3.61B
| $2.5M | 0.01% |
40,200
+2,200
| +6% | +$129K |
|
|
GTLS
936
DELISTED
Chart Industries
GTLS
| $2.5M | 0.01% |
26,100
| – | – |
|
|
PDM
937
Piedmont Realty Trust
PDM
$1.17B
| $2.49M | 0.01% |
150,700
| – | – |
|
|
LL
938
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.49M | 0.01% |
24,200
+200
| +0.8% | +$21.3K |
|
|
AHL
939
DELISTED
ASPEN Insurance Holding Limited
AHL
| $2.49M | 0.01% |
60,200
+1,100
| +2% | +$43.2K |
|
940
Moog Inc Class A
MOG.A
$13.2B
| $2.48M | 0.01% |
36,500
| – | – |
|
941
Innoviva
INVA
$1.5B
| $2.48M | 0.01% |
86,250
+4,840
| +6% | +$142K |
|
|
DST
942
DELISTED
DST Systems Inc.
DST
| $2.48M | 0.01% |
54,600
-400
| -0.7% | -$17K |
|
943
First Horizon
FHN
$12B
| $2.47M | 0.01% |
212,400
| – | – |
|
|
ASNA
944
DELISTED
Ascena Retail Group, Inc.
ASNA
| $2.46M | 0.01% |
5,805
+50
| +0.9% | +$20.4K |
|
|
ALR
945
DELISTED
Alere Inc
ALR
| $2.45M | 0.01% |
67,600
+600
| +0.9% | +$19.9K |
|
946
Southwest Gas
SWX
$6.63B
| $2.44M | 0.01% |
43,700
+300
| +0.7% | +$15.9K |
|
947
Tidewater
TDW
$4.54B
| $2.44M | 0.01% |
1,274
-115
| -8% | -$219K |
|
948
Texas Capital Bancshares
TCBI
$4.36B
| $2.43M | 0.01% |
39,100
| – | – |
|
949
Steris
STE
$23.2B
| $2.43M | 0.01% |
50,500
+400
| +0.8% | +$18.3K |
|
|
PRA
950
DELISTED
ProAssurance
PRA
| $2.42M | 0.01% |
49,900
+500
| +1% | +$23.3K |
|
Similar funds
Swiss National Bank's Q4 2013 Portfolio in Review
As of Q4 2013, Swiss National Bank held 2,581 positions worth $25.6B, up 6.8% from $24B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2013 filing shows 99 new, 547 increased, 645 reduced and 74 closed positions. Its largest new stake was CNH Industrial: 6,808,933 shares worth $67.6M. The largest sale was Annaly Capital Management, an estimated $60.5M.
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 Q4 2013 buy was CNH Industrial: 6,808,933 shares worth $67.6M.
- Swiss National Bank added most to Merck in Q4 2013, an estimated $40.2M increase.
- Swiss National Bank's biggest Q4 2013 reduction was Annaly Capital Management, cutting an estimated $60.5M.
- Swiss National Bank fully exited Freeport-McMoran in Q4 2013, selling an estimated $37.3M.
- Swiss National Bank's ten largest holdings make up 14% of its $25.6B portfolio in Q4 2013.
- Swiss National Bank opened 99 new positions and closed 74 in Q4 2013.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $25.6B.
Based on Swiss National Bank's 13F filing for Q4 2013, filed 31 Jan 2014.