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 | |
|---|---|---|---|---|---|---|
1001
Insulet
PODD
$9.87B
| $2.89M | 0.01% |
60,900
+13,600
| +29% | +$602K |
|
1002
Tyler Technologies
TYL
$12.9B
| $2.88M | 0.01% |
34,400
+7,900
| +30% | +$762K |
|
1003
Moog Inc Class A
MOG.A
$13.3B
| $2.87M | 0.01% |
43,800
+7,300
| +20% | +$464K |
|
1004
Casey's General Stores
CASY
$31B
| $2.86M | 0.01% |
42,300
+9,500
| +29% | +$643K |
|
|
PRA
1005
DELISTED
ProAssurance
PRA
| $2.85M | 0.01% |
64,100
+14,200
| +28% | +$648K |
|
|
CHS
1006
DELISTED
Chicos FAS, Inc.
CHS
| $2.84M | 0.01% |
177,400
+38,000
| +27% | +$645K |
|
|
LPNT
1007
DELISTED
LifePoint Health, Inc.
LPNT
| $2.84M | 0.01% |
52,100
+11,200
| +27% | +$599K |
|
1008
Fulton Financial
FULT
$4.65B
| $2.84M | 0.01% |
225,400
+46,900
| +26% | +$591K |
|
1009
LiveRamp
RAMP
$2.3B
| $2.83M | 0.01% |
82,400
+19,600
| +31% | +$706K |
|
1010
Bio-Rad Laboratories Class A
BIO
$9.45B
| $2.83M | 0.01% |
22,100
+5,200
| +31% | +$667K |
|
1011
Innoviva
INVA
$1.51B
| $2.83M | 0.01% |
113,552
+27,302
| +32% | +$799K |
|
|
FNGN
1012
DELISTED
Financial Engines, Inc.
FNGN
| $2.83M | 0.01% |
55,700
+13,000
| +30% | +$783K |
|
1013
MasTec
MTZ
$22.8B
| $2.82M | 0.01% |
64,900
+14,300
| +28% | +$543K |
|
1014
Woodward
WWD
$21.2B
| $2.81M | 0.01% |
67,700
+15,200
| +29% | +$654K |
|
1015
Watsco Inc
WSO
$12.7B
| $2.81M | 0.01% |
28,100
+6,300
| +29% | +$608K |
|
|
FNSR
1016
DELISTED
Finisar Corp
FNSR
| $2.8M | 0.01% |
105,600
+16,100
| +18% | +$386K |
|
1017
Portland General Electric
POR
$5.73B
| $2.8M | 0.01% |
86,500
+14,200
| +20% | +$437K |
|
1018
Vail Resorts
MTN
$5.23B
| $2.79M | 0.01% |
40,100
+9,200
| +30% | +$653K |
|
1019
UMB Financial
UMBF
$11.2B
| $2.79M | 0.01% |
43,100
+7,400
| +21% | +$462K |
|
1020
Southwest Gas
SWX
$6.65B
| $2.79M | 0.01% |
52,100
+8,400
| +19% | +$451K |
|
1021
Diamondback Energy
FANG
$56.1B
| $2.78M | 0.01% |
41,321
+16,020
| +63% | +$921K |
|
|
VRNT
1022
DELISTED
Verint Systems
VRNT
| $2.78M | 0.01% |
116,210
+27,286
| +31% | +$640K |
|
|
USG
1023
DELISTED
Usg
USG
| $2.78M | 0.01% |
84,900
+19,300
| +29% | +$627K |
|
|
KS
1024
DELISTED
KapStone Paper and Pack Corp.
KS
| $2.78M | 0.01% |
96,300
+21,300
| +28% | +$621K |
|
|
CEB
1025
DELISTED
CEB Inc.
CEB
| $2.78M | 0.01% |
37,400
+8,500
| +29% | +$637K |
|
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.