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 | |
|---|---|---|---|---|---|---|
|
PLCM
1126
DELISTED
POLYCOM INC
PLCM
| $2.31M | 0.01% |
168,200
+34,500
| +26% | +$433K |
|
|
THOR
1127
DELISTED
THORATEC CORPORATION
THOR
| $2.31M | 0.01% |
64,400
+13,700
| +27% | +$491K |
|
1128
New Jersey Resources
NJR
$5.64B
| $2.3M | 0.01% |
92,400
+15,000
| +19% | +$344K |
|
1129
Post Holdings
POST
$3.65B
| $2.3M | 0.01% |
63,718
+19,253
| +43% | +$691K |
|
1130
Murphy USA
MUSA
$10.4B
| $2.3M | 0.01% |
56,567
+14,400
| +34% | +$583K |
|
|
NSR
1131
DELISTED
Neustar Inc
NSR
| $2.29M | 0.01% |
70,600
+14,500
| +26% | +$560K |
|
|
ICON
1132
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.29M | 0.01% |
5,840
+1,120
| +24% | +$436K |
|
1133
First Industrial Realty Trust
FR
$8.4B
| $2.29M | 0.01% |
118,400
+16,800
| +17% | +$304K |
|
1134
Western Alliance Bancorporation
WAL
$8.92B
| $2.28M | 0.01% |
92,700
+20,000
| +28% | +$463K |
|
|
HI
1135
DELISTED
Hillenbrand
HI
| $2.28M | 0.01% |
70,400
+16,100
| +30% | +$476K |
|
1136
Kemper
KMPR
$1.59B
| $2.28M | 0.01% |
58,100
+14,900
| +34% | +$573K |
|
1137
Healthcare Realty
HR
$6.58B
| $2.27M | 0.01% |
99,537
+24,000
| +32% | +$523K |
|
1138
MBIA
MBI
$262M
| $2.27M | 0.01% |
161,900
+36,100
| +29% | +$460K |
|
|
SUSQ
1139
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $2.27M | 0.01% |
198,900
+33,300
| +20% | +$378K |
|
1140
Worthington Enterprises
WOR
$2.85B
| $2.26M | 0.01% |
96,022
+21,410
| +29% | +$534K |
|
1141
Rollins
ROL
$17.4B
| $2.26M | 0.01% |
252,450
+55,687
| +28% | +$486K |
|
1142
Helen of Troy
HELE
$699M
| $2.26M | 0.01% |
32,600
+6,100
| +23% | +$371K |
|
|
HITT
1143
DELISTED
HITTITE MICROWAVE CORP
HITT
| $2.26M | 0.01% |
35,800
+7,700
| +27% | +$459K |
|
|
WGL
1144
DELISTED
Wgl Holdings
WGL
| $2.25M | 0.01% |
56,300
+8,700
| +18% | +$336K |
|
1145
Cousins Properties
CUZ
$4.93B
| $2.24M | 0.01% |
69,114
+17,925
| +35% | +$556K |
|
1146
Sinclair Inc
SBGI
$1.03B
| $2.24M | 0.01% |
82,550
+18,900
| +30% | +$561K |
|
1147
Wintrust Financial
WTFC
$11B
| $2.23M | 0.01% |
45,900
+10,100
| +28% | +$465K |
|
|
ARUN
1148
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $2.22M | 0.01% |
118,600
+24,300
| +26% | +$486K |
|
|
UIL
1149
DELISTED
UIL HOLDINGS
UIL
| $2.22M | 0.01% |
60,400
+10,800
| +22% | +$407K |
|
1150
Ziff Davis
ZD
$1.92B
| $2.22M | 0.01% |
51,060
+11,845
| +30% | +$500K |
|
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.