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 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Consolidated Edison
ED
$39.3B
| $114M | 0.29% |
1,698,471
+52,800
| +3% | +$3.34M |
|
77
Costco
COST
$421B
| $113M | 0.29% |
785,008
+74,300
| +10% | +$10.6M |
|
78
Target
TGT
$69.3B
| $113M | 0.29% |
1,432,011
+102,600
| +8% | +$8.19M |
|
79
ConocoPhillips
COP
$148B
| $108M | 0.28% |
2,261,229
+213,300
| +10% | +$10.9M |
|
80
TJX Companies
TJX
$175B
| $108M | 0.28% |
3,017,042
+227,000
| +8% | +$7.96M |
|
81
AutoZone
AZO
$49.9B
| $107M | 0.27% |
147,691
+5,000
| +4% | +$3.54M |
|
|
TWX
82
DELISTED
Time Warner Inc
TWX
| $101M | 0.26% |
1,471,508
+131,500
| +10% | +$10.3M |
|
83
TC Energy
TRP
$65.9B
| $99.1M | 0.25% |
3,142,800
+300,400
| +11% | +$10.8M |
|
84
Canadian Pacific Kansas City
CP
$79.7B
| $98.6M | 0.25% |
3,446,500
+322,000
| +10% | +$9.71M |
|
|
GG
85
DELISTED
Goldcorp Inc
GG
| $96.2M | 0.25% |
7,693,500
+546,500
| +8% | +$7.64M |
|
86
AvalonBay Communities
AVB
$26.2B
| $95.5M | 0.25% |
546,280
+23,500
| +4% | +$3.98M |
|
87
NextEra Energy
NEE
$176B
| $95M | 0.24% |
3,896,496
+309,600
| +9% | +$7.87M |
|
88
Canadian Natural Resources
CNQ
$97.4B
| $94M | 0.24% |
10,011,349
+987,110
| +11% | +$10.9M |
|
89
Danaher
DHR
$146B
| $93.3M | 0.24% |
1,628,646
+104,445
| +7% | +$6.17M |
|
90
Equity Residential
EQR
$24.6B
| $92.8M | 0.24% |
1,235,220
+63,200
| +5% | +$4.65M |
|
91
Texas Instruments
TXN
$257B
| $91.9M | 0.24% |
1,856,494
+167,000
| +10% | +$8.15M |
|
92
Becton Dickinson
BDX
$48.8B
| $91.9M | 0.24% |
709,749
+37,413
| +6% | +$5.22M |
|
93
Paychex
PAYX
$42.9B
| $91.7M | 0.24% |
1,925,903
+59,300
| +3% | +$2.77M |
|
94
Kinder Morgan
KMI
$69.9B
| $91M | 0.23% |
3,288,669
+367,500
| +13% | +$12.2M |
|
95
Occidental Petroleum
OXY
$58.6B
| $90.7M | 0.23% |
1,373,077
+127,717
| +10% | +$8.92M |
|
|
TWC
96
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $90.5M | 0.23% |
504,489
+51,200
| +11% | +$9.56M |
|
97
Ford
F
$56B
| $89.8M | 0.23% |
6,619,235
+664,400
| +11% | +$9.49M |
|
|
RAI
98
DELISTED
Reynolds American Inc
RAI
| $88.7M | 0.23% |
2,003,774
+145,500
| +8% | +$6.03M |
|
99
Sun Life Financial
SLF
$45.8B
| $87.8M | 0.23% |
2,730,800
+272,300
| +11% | +$8.83M |
|
100
McKesson
MCK
$102B
| $87.3M | 0.22% |
471,691
+37,800
| +9% | +$8.01M |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.