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 | |
|---|---|---|---|---|---|---|
1051
Dillards
DDS
$9.94B
| $1.86M | 0.01% |
23,700
-1,700
| -7% | -$138K |
|
|
BIG
1052
DELISTED
Big Lots, Inc.
BIG
| $1.85M | 0.01% |
49,800
-2,600
| -5% | -$92K |
|
|
UIL
1053
DELISTED
UIL HOLDINGS
UIL
| $1.84M | 0.01% |
49,600
-1,100
| -2% | -$42.6K |
|
|
HRC
1054
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $1.83M | 0.01% |
51,200
-3,200
| -6% | -$113K |
|
|
PTP
1055
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $1.83M | 0.01% |
30,700
-3,600
| -10% | -$211K |
|
1056
ACI Worldwide
ACIW
$5.25B
| $1.83M | 0.01% |
101,700
-5,100
| -5% | -$83.9K |
|
1057
Deluxe
DLX
$1.09B
| $1.83M | 0.01% |
44,000
-2,400
| -5% | -$96.4K |
|
1058
Westlake Corp
WLK
$10B
| $1.83M | 0.01% |
35,000
-2,000
| -5% | -$102K |
|
|
LTM
1059
DELISTED
LIFE TIME FITNESS INC
LTM
| $1.83M | 0.01% |
35,600
-2,100
| -6% | -$109K |
|
|
BRY
1060
DELISTED
BERRY PETROLEUM CO CL A
BRY
| $1.83M | 0.01% |
42,400
-2,100
| -5% | -$87.5K |
|
1061
Silgan Holdings
SLGN
$4.31B
| $1.83M | 0.01% |
77,800
-4,200
| -5% | -$101K |
|
1062
Capitol Federal Financial
CFFN
$1.1B
| $1.82M | 0.01% |
146,100
+2,700
| +2% | +$33.8K |
|
|
APOL
1063
DELISTED
Apollo Education Group Inc Class A
APOL
| $1.81M | 0.01% |
87,100
-4,800
| -5% | -$92.8K |
|
1064
GATX Corp
GATX
$6.31B
| $1.81M | 0.01% |
38,100
-2,200
| -5% | -$102K |
|
|
CLP
1065
DELISTED
COLONIAL PROPERTIES TRUST
CLP
| $1.81M | 0.01% |
80,400
-7,300
| -8% | -$169K |
|
|
LXK
1066
DELISTED
Lexmark Intl Inc
LXK
| $1.81M | 0.01% |
54,800
-3,100
| -5% | -$110K |
|
|
ZNGA
1067
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $1.8M | 0.01% |
490,100
-21,500
| -4% | -$67.9K |
|
|
ABCO
1068
DELISTED
Advisory Board Co
ABCO
| $1.8M | 0.01% |
30,300
-1,500
| -5% | -$86.2K |
|
|
CAVM
1069
DELISTED
Cavium, Inc.
CAVM
| $1.8M | 0.01% |
43,700
-2,300
| -5% | -$86.6K |
|
1070
Texas Capital Bancshares
TCBI
$4.38B
| $1.8M | 0.01% |
39,100
+1,200
| +3% | +$55.2K |
|
1071
Glacier Bancorp
GBCI
$6.42B
| $1.79M | 0.01% |
72,400
+2,600
| +4% | +$62.4K |
|
|
NAV
1072
DELISTED
Navistar International
NAV
| $1.78M | 0.01% |
48,900
-2,700
| -5% | -$91.9K |
|
|
CRR
1073
DELISTED
Carbo Ceramics Inc.
CRR
| $1.78M | 0.01% |
18,000
-800
| -4% | -$68K |
|
1074
Commercial Metals
CMC
$7.93B
| $1.78M | 0.01% |
105,200
+4,800
| +5% | +$75.2K |
|
1075
LiveRamp
RAMP
$2.3B
| $1.78M | 0.01% |
62,800
-3,400
| -5% | -$87.3K |
|
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.