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 | |
|---|---|---|---|---|---|---|
1051
Minerals Technologies
MTX
$2.26B
| $2.63M | 0.01% |
40,800
+5,300
| +15% | +$300K |
|
1052
Cheesecake Factory
CAKE
$5.57B
| $2.62M | 0.01% |
55,100
+11,500
| +26% | +$536K |
|
1053
Enerpac Tool Group
EPAC
$1.9B
| $2.62M | 0.01% |
76,800
+12,800
| +20% | +$442K |
|
1054
Armstrong World Industries
AWI
$7.69B
| $2.62M | 0.01% |
49,100
+15,000
| +44% | +$854K |
|
|
HR
1055
DELISTED
Healthcare Realty Trust Incorporated
HR
| $2.62M | 0.01% |
108,300
+23,800
| +28% | +$546K |
|
1056
Ciena
CIEN
$62.4B
| $2.61M | 0.01% |
114,800
+26,000
| +29% | +$612K |
|
|
ASNA
1057
DELISTED
Ascena Retail Group, Inc.
ASNA
| $2.61M | 0.01% |
7,540
+1,735
| +30% | +$660K |
|
|
TIVO
1058
DELISTED
Tivo Inc
TIVO
| $2.6M | 0.01% |
114,300
+25,100
| +28% | +$575K |
|
|
CNW
1059
DELISTED
CON-WAY INC.
CNW
| $2.6M | 0.01% |
63,200
+14,300
| +29% | +$563K |
|
|
LSI
1060
DELISTED
Life Storage, Inc.
LSI
| $2.59M | 0.01% |
52,950
+11,850
| +29% | +$553K |
|
1061
New York Times
NYT
$10.4B
| $2.59M | 0.01% |
151,300
+34,300
| +29% | +$530K |
|
1062
Tidewater
TDW
$4.54B
| $2.58M | 0.01% |
1,646
+372
| +29% | +$608K |
|
|
MSCC
1063
DELISTED
Microsemi Corp
MSCC
| $2.57M | 0.01% |
102,700
+23,700
| +30% | +$571K |
|
1064
The GEO Group
GEO
$4.03B
| $2.57M | 0.01% |
119,550
+26,850
| +29% | +$581K |
|
1065
Helix Energy Solutions
HLX
$1.49B
| $2.56M | 0.01% |
111,500
+17,400
| +18% | +$387K |
|
|
AAN.A
1066
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $2.56M | 0.01% |
84,500
+22,400
| +36% | +$677K |
|
|
CPWR
1067
DELISTED
COMPUWARE CORP
CPWR
| $2.55M | 0.01% |
252,963
+57,047
| +29% | +$577K |
|
|
ABCO
1068
DELISTED
Advisory Board Co
ABCO
| $2.55M | 0.01% |
39,700
+9,000
| +29% | +$571K |
|
|
GTAT
1069
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $2.54M | 0.01% |
149,100
+39,300
| +36% | +$506K |
|
1070
ACI Worldwide
ACIW
$5.4B
| $2.54M | 0.01% |
128,700
+27,000
| +27% | +$546K |
|
1071
COPT Defense Properties
CDP
$4.23B
| $2.53M | 0.01% |
95,100
+21,600
| +29% | +$553K |
|
|
CVG
1072
DELISTED
Convergys
CVG
| $2.53M | 0.01% |
115,500
+15,800
| +16% | +$328K |
|
|
LGF
1073
DELISTED
Lions Gate Entertainment
LGF
| $2.53M | 0.01% |
94,600
+20,800
| +28% | +$638K |
|
|
SD
1074
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $2.53M | 0.01% |
411,800
+91,200
| +28% | +$569K |
|
|
CRZO
1075
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.52M | 0.01% |
47,200
+10,400
| +28% | +$477K |
|
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.