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 | |
|---|---|---|---|---|---|---|
951
SS&C Technologies
SSNC
$18.4B
| $3.15M | 0.01% |
157,200
+36,800
| +31% | +$756K |
|
|
FCE.A
952
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $3.12M | 0.01% |
163,300
+38,300
| +31% | +$723K |
|
953
Graphic Packaging
GPK
$3.49B
| $3.1M | 0.01% |
305,600
+78,200
| +34% | +$772K |
|
954
Steris
STE
$22.8B
| $3.1M | 0.01% |
65,000
+14,500
| +29% | +$679K |
|
|
N
955
DELISTED
Netsuite Inc
N
| $3.1M | 0.01% |
32,700
-2,900
| -8% | -$310K |
|
|
DATA
956
DELISTED
Tableau Software, Inc.
DATA
| $3.1M | 0.01% |
40,740
+25,640
| +170% | +$2.16M |
|
|
BWLD
957
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $3.1M | 0.01% |
20,800
+4,800
| +30% | +$681K |
|
958
Webster Financial
WBS
$12.8B
| $3.09M | 0.01% |
99,400
+17,400
| +21% | +$534K |
|
|
PDS
959
Precision Drilling
PDS
$1.06B
| $3.09M | 0.01% |
12,845
+2,795
| +28% | +$563K |
|
960
Prospect Capital
PSEC
$1.15B
| $3.08M | 0.01% |
285,600
+52,300
| +22% | +$578K |
|
961
Thor Industries
THO
$4.15B
| $3.08M | 0.01% |
50,500
+11,500
| +29% | +$639K |
|
962
Guidewire Software
GWRE
$14.3B
| $3.08M | 0.01% |
62,850
+13,800
| +28% | +$692K |
|
|
MRC
963
DELISTED
MRC Global
MRC
| $3.08M | 0.01% |
114,349
+25,300
| +28% | +$708K |
|
|
WCG
964
DELISTED
Wellcare Health Plans, Inc.
WCG
| $3.08M | 0.01% |
48,500
+8,500
| +21% | +$551K |
|
965
Deckers Outdoor
DECK
$12.7B
| $3.08M | 0.01% |
231,600
+52,800
| +30% | +$698K |
|
|
SEMG
966
DELISTED
SEMGROUP CORPORATION
SEMG
| $3.07M | 0.01% |
46,800
+10,500
| +29% | +$667K |
|
967
Idacorp
IDA
$8.21B
| $3.07M | 0.01% |
55,300
+9,200
| +20% | +$493K |
|
968
Hanover Insurance
THG
$7.71B
| $3.07M | 0.01% |
49,900
+11,000
| +28% | +$644K |
|
969
Curtiss-Wright
CW
$26.7B
| $3.06M | 0.01% |
48,200
+7,800
| +19% | +$493K |
|
970
Pool Corp
POOL
$7.23B
| $3.05M | 0.01% |
49,800
+11,000
| +28% | +$633K |
|
|
HNT
971
DELISTED
HEALTH NET INC
HNT
| $3.05M | 0.01% |
89,800
+20,200
| +29% | +$663K |
|
972
MGIC Investment
MTG
$6.25B
| $3.05M | 0.01% |
358,300
+79,100
| +28% | +$688K |
|
|
EVHC
973
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $3.05M | 0.01% |
30,127
+17,301
| +135% | +$1.73M |
|
974
EPR Properties
EPR
$4.61B
| $3.05M | 0.01% |
57,100
+9,700
| +20% | +$500K |
|
975
John Wiley & Sons Class A
WLY
$2.49B
| $3.05M | 0.01% |
52,900
+11,400
| +27% | +$634K |
|
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.