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 | |
|---|---|---|---|---|---|---|
|
LSI
1001
DELISTED
Life Storage, Inc.
LSI
| $2.04M | 0.01% |
40,350
-1,350
| -3% | -$63.3K |
|
1002
The GEO Group
GEO
$4.15B
| $2.04M | 0.01% |
91,800
-14,400
| -14% | -$323K |
|
|
MDRX
1003
DELISTED
Veradigm Inc. Common Stock
MDRX
| $2.02M | 0.01% |
135,900
-4,300
| -3% | -$64.8K |
|
|
FIRE
1004
DELISTED
SOURCEFIRE INC COM STK
FIRE
| $2.02M | 0.01% |
26,600
-1,200
| -4% | -$85.8K |
|
1005
MGIC Investment
MTG
$6.29B
| $2.02M | 0.01% |
277,200
-51,100
| -16% | -$363K |
|
|
ENH
1006
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2.01M | 0.01% |
37,400
-2,000
| -5% | -$104K |
|
|
ACH
1007
Accendra Health
ACH
$96.9M
| $2.01M | 0.01% |
58,000
+1,200
| +2% | +$42K |
|
|
AL
1008
DELISTED
Air Lease Corp
AL
| $2M | 0.01% |
72,300
+2,400
| +3% | +$65.7K |
|
1009
Upbound Group
UPBD
$1.1B
| $2M | 0.01% |
52,400
-5,400
| -9% | -$208K |
|
|
WGL
1010
DELISTED
Wgl Holdings
WGL
| $1.99M | 0.01% |
46,600
-4,200
| -8% | -$183K |
|
1011
Altisource Portfolio Solutions
ASPS
$66.1M
| $1.99M | 0.01% |
1,775
-113
| -6% | -$110K |
|
1012
Bio-Rad Laboratories Class A
BIO
$9.41B
| $1.99M | 0.01% |
16,900
-900
| -5% | -$106K |
|
1013
Portland General Electric
POR
$5.73B
| $1.99M | 0.01% |
70,400
-5,900
| -8% | -$176K |
|
1014
Targa Resources
TRGP
$57.7B
| $1.99M | 0.01% |
27,200
-1,500
| -5% | -$104K |
|
|
PDS
1015
Precision Drilling
PDS
$1.06B
| $1.98M | 0.01% |
9,970
-500
| -5% | -$99.2K |
|
1016
Charles River Laboratories
CRL
$13.6B
| $1.98M | 0.01% |
42,800
-1,800
| -4% | -$82.6K |
|
1017
Black Hills Corp
BKH
$5.6B
| $1.98M | 0.01% |
39,700
-3,600
| -8% | -$182K |
|
1018
John Wiley & Sons Class A
WLY
$2.5B
| $1.98M | 0.01% |
41,500
-2,700
| -6% | -$121K |
|
1019
LXP Industrial Trust
LXP
$3.58B
| $1.97M | 0.01% |
35,120
-2,460
| -7% | -$148K |
|
1020
Deckers Outdoor
DECK
$12.6B
| $1.96M | 0.01% |
178,800
-9,600
| -5% | -$93.1K |
|
|
FNSR
1021
DELISTED
Finisar Corp
FNSR
| $1.96M | 0.01% |
86,800
+2,800
| +3% | +$57.7K |
|
1022
Invesco Mortgage Capital
IVR
$804M
| $1.96M | 0.01% |
12,750
-840
| -6% | -$133K |
|
1023
H.B. Fuller
FUL
$3.29B
| $1.96M | 0.01% |
43,400
-2,400
| -5% | -$95.8K |
|
1024
Primerica
PRI
$9.62B
| $1.96M | 0.01% |
48,600
+1,500
| +3% | +$59.4K |
|
1025
Zillow
ZG
$7.43B
| $1.96M | 0.01% |
69,600
+17,400
| +33% | +$480K |
|
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.