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 | |
|---|---|---|---|---|---|---|
1026
Wendy's
WEN
$1.61B
| $2.76M | 0.01% |
302,800
+55,300
| +22% | +$507K |
|
1027
Hawaiian Electric Industries
HE
$2.08B
| $2.75M | 0.01% |
108,300
+24,900
| +30% | +$636K |
|
|
CHMT
1028
DELISTED
Chemtura Corporation
CHMT
| $2.74M | 0.01% |
108,300
+22,200
| +26% | +$566K |
|
1029
Black Hills Corp
BKH
$5.6B
| $2.74M | 0.01% |
47,500
+7,300
| +18% | +$403K |
|
|
TECD
1030
DELISTED
Tech Data Corp
TECD
| $2.74M | 0.01% |
44,900
+12,800
| +40% | +$709K |
|
|
UNS
1031
DELISTED
UNS ENERGY CORP COM
UNS
| $2.74M | 0.01% |
45,600
+6,900
| +18% | +$414K |
|
1032
Sunstone Hotel Investors
SHO
$2B
| $2.73M | 0.01% |
199,200
+33,000
| +20% | +$441K |
|
|
DCT
1033
DELISTED
DCT Industrial Trust Inc.
DCT
| $2.73M | 0.01% |
86,600
+14,700
| +20% | +$442K |
|
|
DBD
1034
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.72M | 0.01% |
68,300
+15,000
| +28% | +$540K |
|
1035
Diamondrock Hospitality Co
DRH
$2.47B
| $2.71M | 0.01% |
231,000
+33,100
| +17% | +$395K |
|
1036
Dillards
DDS
$9.97B
| $2.71M | 0.01% |
29,300
+5,400
| +23% | +$489K |
|
1037
H.B. Fuller
FUL
$3.29B
| $2.7M | 0.01% |
56,000
+12,600
| +29% | +$609K |
|
|
CVSA
1038
Covista Inc
CVSA
$4.3B
| $2.7M | 0.01% |
63,700
+14,400
| +29% | +$557K |
|
1039
Advanced Micro Devices
AMD
$799B
| $2.7M | 0.01% |
672,398
+154,200
| +30% | +$588K |
|
1040
WaFd
WAFD
$2.78B
| $2.69M | 0.01% |
115,500
+24,300
| +27% | +$551K |
|
1041
Jack in the Box
JACK
$358M
| $2.69M | 0.01% |
45,600
+9,100
| +25% | +$496K |
|
|
GTLS
1042
DELISTED
Chart Industries
GTLS
| $2.67M | 0.01% |
33,600
+7,500
| +29% | +$646K |
|
|
FSL
1043
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $2.67M | 0.01% |
109,300
+56,300
| +106% | +$1.12M |
|
|
ENH
1044
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2.65M | 0.01% |
49,300
+11,000
| +29% | +$585K |
|
1045
Primerica
PRI
$9.64B
| $2.65M | 0.01% |
56,300
+8,600
| +18% | +$382K |
|
1046
Telephone and Data Systems
TDS
$3.86B
| $2.65M | 0.01% |
101,000
+22,700
| +29% | +$578K |
|
1047
IPG Photonics
IPGP
$3.69B
| $2.64M | 0.01% |
37,200
+8,200
| +28% | +$576K |
|
|
CST
1048
DELISTED
CST Brands, Inc.
CST
| $2.64M | 0.01% |
84,500
+22,500
| +36% | +$714K |
|
1049
Louisiana-Pacific
LPX
$5.15B
| $2.64M | 0.01% |
156,400
+35,500
| +29% | +$623K |
|
|
QLIK
1050
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $2.63M | 0.01% |
99,100
+22,500
| +29% | +$628K |
|
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.