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
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Bruker
BRKR
$8.83B
| $2.54M | 0.01% |
154,800
+20,000
| +15% | +$389K |
|
1152
Asbury Automotive
ABG
$3.78B
| $2.54M | 0.01% |
31,300
+3,600
| +13% | +$305K |
|
1153
Monolithic Power Systems
MPWR
$67B
| $2.54M | 0.01% |
49,600
+6,900
| +16% | +$342K |
|
1154
Zillow
ZG
$8.15B
| $2.54M | 0.01% |
88,367
-147,934
| -63% | -$3.96M |
|
1155
Group 1 Automotive
GPI
$3.14B
| $2.54M | 0.01% |
29,800
+3,100
| +12% | +$279K |
|
1156
Armstrong World Industries
AWI
$7.68B
| $2.54M | 0.01% |
53,100
+6,600
| +14% | +$363K |
|
|
BID
1157
DELISTED
Sotheby's
BID
| $2.53M | 0.01% |
79,100
+10,300
| +15% | +$395K |
|
1158
HNI Corp
HNI
$3.56B
| $2.52M | 0.01% |
58,800
+7,700
| +15% | +$367K |
|
1159
Cable One
CABO
$206M
| $2.52M | 0.01% |
+6,000
| New | +$2.48M |
|
|
RYL
1160
DELISTED
RYLAND GROUP INC
RYL
| $2.5M | 0.01% |
61,100
+7,900
| +15% | +$352K |
|
1161
Ambarella
AMBA
$3.6B
| $2.49M | 0.01% |
43,133
+8,500
| +25% | +$803K |
|
1162
WisdomTree
WT
$3.44B
| $2.49M | 0.01% |
154,500
+21,200
| +16% | +$446K |
|
1163
XPO
XPO
$24.7B
| $2.49M | 0.01% |
302,047
+39,613
| +15% | +$520K |
|
|
PTLA
1164
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $2.48M | 0.01% |
58,300
+7,800
| +15% | +$376K |
|
1165
Cousins Properties
CUZ
$4.93B
| $2.48M | 0.01% |
95,329
+12,257
| +15% | +$338K |
|
|
MIK
1166
DELISTED
Michaels Stores, Inc
MIK
| $2.48M | 0.01% |
107,264
+40,864
| +62% | +$1.04M |
|
|
KW
1167
DELISTED
Kennedy-Wilson Holdings
KW
| $2.48M | 0.01% |
111,700
+20,400
| +22% | +$503K |
|
|
AEL
1168
DELISTED
American Equity Investment Life Holding Company
AEL
| $2.47M | 0.01% |
106,100
+21,100
| +25% | +$544K |
|
1169
InterDigital
IDCC
$8.88B
| $2.46M | 0.01% |
48,700
+5,100
| +12% | +$263K |
|
1170
Novavax
NVAX
$1.34B
| $2.46M | 0.01% |
17,408
+2,415
| +16% | +$542K |
|
|
ECHO
1171
EchoStar
ECHO
$26.6B
| $2.46M | 0.01% |
70,585
+9,625
| +16% | +$355K |
|
|
RDUS
1172
DELISTED
Radius Health, Inc.
RDUS
| $2.46M | 0.01% |
35,500
+10,700
| +43% | +$743K |
|
|
FLTX
1173
DELISTED
Fleetmatics Group PLC
FLTX
| $2.46M | 0.01% |
50,100
+7,100
| +17% | +$338K |
|
|
SEMG
1174
DELISTED
SEMGROUP CORPORATION
SEMG
| $2.46M | 0.01% |
56,800
+7,400
| +15% | +$448K |
|
1175
Element Solutions
ESI
$9.51B
| $2.45M | 0.01% |
193,989
+30,160
| +18% | +$621K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.