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 | |
|---|---|---|---|---|---|---|
1126
FNB Corp
FNB
$6.88B
| $1.64M | 0.01% |
135,400
+1,600
| +1% | +$20.1K |
|
1127
Bruker
BRKR
$8.83B
| $1.64M | 0.01% |
79,400
-4,200
| -5% | -$80.3K |
|
|
IRF
1128
DELISTED
INTL RECTIFIER CORP
IRF
| $1.64M | 0.01% |
66,200
+2,700
| +4% | +$65.3K |
|
|
MDP
1129
DELISTED
Meredith Corporation
MDP
| $1.64M | 0.01% |
34,400
+1,600
| +5% | +$74.2K |
|
|
CADE
1130
DELISTED
Cadence Bank
CADE
| $1.64M | 0.01% |
82,000
+3,400
| +4% | +$66.7K |
|
1131
NorthWestern Energy
NWE
$4.4B
| $1.64M | 0.01% |
36,400
+1,700
| +5% | +$71.1K |
|
|
PLCM
1132
DELISTED
POLYCOM INC
PLCM
| $1.64M | 0.01% |
149,700
-11,100
| -7% | -$116K |
|
1133
Group 1 Automotive
GPI
$3.14B
| $1.63M | 0.01% |
21,000
+1,800
| +9% | +$134K |
|
|
PPO
1134
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $1.63M | 0.01% |
39,800
-2,200
| -5% | -$93.8K |
|
1135
Itron
ITRI
$4.5B
| $1.63M | 0.01% |
38,000
+2,000
| +6% | +$81.9K |
|
1136
Myriad Genetics
MYGN
$303M
| $1.63M | 0.01% |
69,200
-4,400
| -6% | -$125K |
|
1137
First Industrial Realty Trust
FR
$8.4B
| $1.63M | 0.01% |
99,900
-8,200
| -8% | -$132K |
|
|
GES
1138
DELISTED
Guess Inc
GES
| $1.62M | 0.01% |
54,400
-3,300
| -6% | -$103K |
|
1139
Guidewire Software
GWRE
$15.2B
| $1.62M | 0.01% |
34,400
-1,500
| -4% | -$67.5K |
|
|
HTS
1140
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $1.62M | 0.01% |
86,600
-4,700
| -5% | -$94.5K |
|
|
VRE
1141
DELISTED
Veris Residential
VRE
| $1.62M | 0.01% |
73,800
-4,000
| -5% | -$91.1K |
|
|
EXPR
1142
DELISTED
Express, Inc.
EXPR
| $1.62M | 0.01% |
3,425
-195
| -5% | -$86.1K |
|
1143
Olin
OLN
$2.17B
| $1.61M | 0.01% |
70,000
-3,700
| -5% | -$87.5K |
|
|
HMSY
1144
DELISTED
HMS Holdings Corp.
HMSY
| $1.61M | 0.01% |
75,000
-3,800
| -5% | -$92.9K |
|
1145
IPG Photonics
IPGP
$3.57B
| $1.61M | 0.01% |
28,600
-1,600
| -5% | -$93.6K |
|
|
CSOD
1146
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $1.6M | 0.01% |
31,200
+1,600
| +5% | +$78.9K |
|
|
ESND
1147
DELISTED
Essendant Inc.
ESND
| $1.6M | 0.01% |
36,900
+1,700
| +5% | +$69.2K |
|
|
RYL
1148
DELISTED
RYLAND GROUP INC
RYL
| $1.6M | 0.01% |
39,600
-1,700
| -4% | -$65.5K |
|
|
ALE
1149
DELISTED
Allete
ALE
| $1.6M | 0.01% |
33,200
-3,100
| -9% | -$154K |
|
1150
RB Global
RBA
$16B
| $1.6M | 0.01% |
79,500
-3,800
| -5% | -$73.4K |
|
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.