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 |
Apple
AAPL
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WGL
1051
DELISTED
Wgl Holdings
WGL
| $3.05M | 0.01% |
56,200
+1,100
| +2% | +$61.6K |
|
1052
Ciena
CIEN
$54.9B
| $3.05M | 0.01% |
128,700
+9,700
| +8% | +$222K |
|
1053
Hancock Whitney
HWC
$6.28B
| $3.05M | 0.01% |
95,500
+1,400
| +1% | +$42.5K |
|
1054
United Bankshares
UBSI
$6.61B
| $3.04M | 0.01% |
75,615
+7,500
| +11% | +$287K |
|
1055
Viasat
VSAT
$11.6B
| $3.03M | 0.01% |
50,300
+1,500
| +3% | +$93.2K |
|
1056
Booz Allen Hamilton
BAH
$9.45B
| $3.03M | 0.01% |
119,900
+2,200
| +2% | +$59.6K |
|
|
CAB
1057
DELISTED
Cabela's Inc
CAB
| $3.02M | 0.01% |
60,400
+4,300
| +8% | +$227K |
|
|
ABMD
1058
DELISTED
Abiomed Inc
ABMD
| $3.02M | 0.01% |
45,900
+1,000
| +2% | +$66.4K |
|
1059
SPX Corp
SPXC
$10.9B
| $3.01M | 0.01% |
165,265
-45,901
| -22% | -$895K |
|
1060
Dillards
DDS
$10.1B
| $3.01M | 0.01% |
28,600
+500
| +2% | +$61.4K |
|
1061
The GEO Group
GEO
$4.18B
| $3M | 0.01% |
131,550
+8,250
| +7% | +$213K |
|
|
PGRE
1062
DELISTED
Paramount Group
PGRE
| $3M | 0.01% |
+174,600
| New | +$3.22M |
|
|
CVA
1063
DELISTED
Covanta Holding Corporation
CVA
| $3M | 0.01% |
141,400
+4,000
| +3% | +$87.4K |
|
1064
Cheesecake Factory
CAKE
$5.63B
| $2.98M | 0.01% |
54,700
+1,100
| +2% | +$56.8K |
|
|
UIL
1065
DELISTED
UIL HOLDINGS
UIL
| $2.98M | 0.01% |
65,100
+4,700
| +8% | +$233K |
|
1066
Moog Inc Class A
MOG.A
$13.2B
| $2.98M | 0.01% |
42,100
| – | – |
|
1067
John Wiley & Sons Class A
WLY
$2.52B
| $2.97M | 0.01% |
54,600
+600
| +1% | +$34.8K |
|
|
CVG
1068
DELISTED
Convergys
CVG
| $2.97M | 0.01% |
116,400
+1,400
| +1% | +$33.9K |
|
1069
IMAX
IMAX
$2.77B
| $2.96M | 0.01% |
+73,600
| New | +$2.86M |
|
|
EXAS
1070
DELISTED
Exact Sciences
EXAS
| $2.96M | 0.01% |
99,600
+5,600
| +6% | +$141K |
|
1071
Blackbaud
BLKB
$2.06B
| $2.96M | 0.01% |
52,000
+1,000
| +2% | +$52.2K |
|
|
WPG
1072
DELISTED
Washington Prime Group Inc.
WPG
| $2.96M | 0.01% |
24,285
+1,667
| +7% | +$220K |
|
|
MBFI
1073
DELISTED
MB Financial Corp
MBFI
| $2.96M | 0.01% |
85,812
+11,500
| +15% | +$370K |
|
|
PRA
1074
DELISTED
ProAssurance
PRA
| $2.95M | 0.01% |
63,900
| – | – |
|
|
RDC
1075
DELISTED
Rowan Companies Plc
RDC
| $2.95M | 0.01% |
139,600
+9,300
| +7% | +$197K |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.