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 | |
|---|---|---|---|---|---|---|
1151
Chemed
CHE
$7.02B
| $2.58M | 0.01% |
19,700
+300
| +2% | +$37.1K |
|
1152
GATX Corp
GATX
$6.27B
| $2.58M | 0.01% |
48,600
+1,000
| +2% | +$56.8K |
|
|
ACH
1153
Accendra Health
ACH
$96.9M
| $2.58M | 0.01% |
75,900
+5,500
| +8% | +$185K |
|
|
CADE
1154
DELISTED
Cadence Bank
CADE
| $2.58M | 0.01% |
100,100
+1,800
| +2% | +$44.4K |
|
|
DNR
1155
DELISTED
Denbury Resources, Inc.
DNR
| $2.58M | 0.01% |
405,400
+11,100
| +3% | +$84.6K |
|
|
LTRPA
1156
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.56M | 0.01% |
79,452
+1,500
| +2% | +$45.5K |
|
1157
ONE Gas
OGS
$5B
| $2.56M | 0.01% |
60,113
+4,513
| +8% | +$193K |
|
1158
UMB Financial
UMBF
$11.2B
| $2.55M | 0.01% |
44,700
+600
| +1% | +$32.2K |
|
1159
NorthWestern Energy
NWE
$4.35B
| $2.54M | 0.01% |
52,100
+1,900
| +4% | +$98.2K |
|
1160
COPT Defense Properties
CDP
$4.13B
| $2.53M | 0.01% |
107,300
+2,000
| +2% | +$53.3K |
|
1161
Healthcare Services Group
HCSG
$1.44B
| $2.52M | 0.01% |
76,400
+1,800
| +2% | +$56.7K |
|
1162
First Industrial Realty Trust
FR
$8.35B
| $2.52M | 0.01% |
134,700
+10,000
| +8% | +$200K |
|
1163
Spire
SR
$4.87B
| $2.52M | 0.01% |
48,450
+900
| +2% | +$47K |
|
|
CNW
1164
DELISTED
CON-WAY INC.
CNW
| $2.52M | 0.01% |
65,600
+1,000
| +2% | +$41.5K |
|
|
PNK
1165
DELISTED
Pinnacle Entertainment Inc.
PNK
| $2.52M | 0.01% |
67,500
-1,200
| -2% | -$44.1K |
|
1166
Asbury Automotive
ABG
$3.73B
| $2.51M | 0.01% |
27,700
-2,500
| -8% | -$217K |
|
1167
TD Synnex
SNX
$20.3B
| $2.51M | 0.01% |
68,600
+1,400
| +2% | +$55.6K |
|
|
XHR
1168
Xenia Hotels & Resorts
XHR
$1.72B
| $2.5M | 0.01% |
+115,200
| New | +$2.62M |
|
1169
Precigen
PGEN
$2.46B
| $2.5M | 0.01% |
51,762
+3,735
| +8% | +$157K |
|
|
SWFT
1170
DELISTED
Swift Transportation Company
SWFT
| $2.49M | 0.01% |
109,900
+8,200
| +8% | +$202K |
|
1171
Five Below
FIVE
$13B
| $2.49M | 0.01% |
62,959
+14,300
| +29% | +$519K |
|
|
TECD
1172
DELISTED
Tech Data Corp
TECD
| $2.49M | 0.01% |
43,200
+800
| +2% | +$48.2K |
|
|
DBD
1173
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.48M | 0.01% |
70,900
+1,300
| +2% | +$45.9K |
|
1174
InterDigital
IDCC
$8.72B
| $2.48M | 0.01% |
43,600
+800
| +2% | +$44.6K |
|
1175
Armstrong World Industries
AWI
$7.89B
| $2.48M | 0.01% |
46,500
-6,100
| -12% | -$340K |
|
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.