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 | |
|---|---|---|---|---|---|---|
976
Cognex
CGNX
$10.5B
| $3.04M | 0.01% |
179,800
+42,200
| +31% | +$788K |
|
|
PNY
977
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $3.04M | 0.01% |
86,000
+14,000
| +19% | +$469K |
|
978
Texas Capital Bancshares
TCBI
$4.36B
| $3.02M | 0.01% |
46,500
+7,400
| +19% | +$457K |
|
979
First American
FAF
$7.36B
| $3M | 0.01% |
113,100
+17,300
| +18% | +$459K |
|
980
Designer Brands
DBI
$313M
| $2.99M | 0.01% |
83,500
+19,500
| +30% | +$752K |
|
|
PPS
981
DELISTED
Post Properties
PPS
| $2.99M | 0.01% |
60,900
+13,500
| +28% | +$644K |
|
|
AHL
982
DELISTED
ASPEN Insurance Holding Limited
AHL
| $2.99M | 0.01% |
75,300
+15,100
| +25% | +$586K |
|
|
ALR
983
DELISTED
Alere Inc
ALR
| $2.99M | 0.01% |
87,000
+19,400
| +29% | +$709K |
|
984
Deluxe
DLX
$1.09B
| $2.96M | 0.01% |
56,500
+12,500
| +28% | +$628K |
|
985
Landstar System
LSTR
$6.17B
| $2.95M | 0.01% |
49,800
+11,000
| +28% | +$642K |
|
|
TCF
986
DELISTED
TCF Financial Corporation
TCF
| $2.94M | 0.01% |
176,800
+39,000
| +28% | +$635K |
|
987
Bank of Hawaii
BOH
$3.13B
| $2.94M | 0.01% |
48,500
+11,100
| +30% | +$647K |
|
988
Manhattan Associates
MANH
$11.1B
| $2.94M | 0.01% |
83,800
+19,000
| +29% | +$662K |
|
|
MDSO
989
DELISTED
Medidata Solutions, Inc.
MDSO
| $2.93M | 0.01% |
53,900
+11,900
| +28% | +$725K |
|
|
THS
990
DELISTED
Treehouse Foods
THS
| $2.92M | 0.01% |
40,600
+8,900
| +28% | +$614K |
|
|
CLGX
991
DELISTED
Corelogic, Inc.
CLGX
| $2.92M | 0.01% |
97,300
+19,800
| +26% | +$651K |
|
|
BYI
992
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
| $2.92M | 0.01% |
44,000
+9,800
| +29% | +$702K |
|
|
ZNGA
993
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $2.92M | 0.01% |
677,900
+177,300
| +35% | +$817K |
|
994
Archrock
AROC
$5.87B
| $2.91M | 0.01% |
66,400
+10,000
| +18% | +$373K |
|
|
JCP
995
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.91M | 0.01% |
338,100
+75,500
| +29% | +$545K |
|
996
Myriad Genetics
MYGN
$304M
| $2.91M | 0.01% |
85,200
+15,100
| +22% | +$468K |
|
997
Knowles
KN
$3.35B
| $2.91M | 0.01% |
+92,200
| New | +$2.86M |
|
|
LL
998
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.91M | 0.01% |
31,000
+6,800
| +28% | +$679K |
|
999
Zillow
ZG
$7.5B
| $2.91M | 0.01% |
99,000
+24,600
| +33% | +$701K |
|
1000
Radian Group
RDN
$4.86B
| $2.89M | 0.01% |
192,400
+31,000
| +19% | +$473K |
|
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.