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 | |
|---|---|---|---|---|---|---|
1176
Acadia Pharmaceuticals
ACAD
$4.89B
| $2.13M | 0.01% |
87,400
+31,900
| +57% | +$807K |
|
1177
Power Integrations
POWI
$3.48B
| $2.13M | 0.01% |
64,600
+15,400
| +31% | +$467K |
|
1178
Fair Isaac
FICO
$24B
| $2.12M | 0.01% |
38,400
+7,600
| +25% | +$420K |
|
1179
Healthcare Services Group
HCSG
$1.45B
| $2.12M | 0.01% |
73,100
+16,400
| +29% | +$450K |
|
|
TAHO
1180
DELISTED
Tahoe Resources Inc
TAHO
| $2.12M | 0.01% |
99,800
+21,100
| +27% | +$424K |
|
1181
Five Below
FIVE
$13.4B
| $2.11M | 0.01% |
49,759
+11,200
| +29% | +$430K |
|
|
FCS
1182
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $2.11M | 0.01% |
153,300
+43,800
| +40% | +$585K |
|
1183
Spectrum Brands
SPB
$2.09B
| $2.11M | 0.01% |
26,500
+6,100
| +30% | +$457K |
|
|
JNS
1184
DELISTED
Janus Capital Group Inc
JNS
| $2.11M | 0.01% |
194,200
+42,600
| +28% | +$481K |
|
|
AIRM
1185
DELISTED
Air Methods Corp
AIRM
| $2.1M | 0.01% |
39,300
+9,000
| +30% | +$481K |
|
1186
Take-Two Interactive
TTWO
$45.2B
| $2.1M | 0.01% |
95,600
+24,900
| +35% | +$484K |
|
1187
Avista
AVA
$3.24B
| $2.1M | 0.01% |
68,400
+9,100
| +15% | +$265K |
|
1188
EastGroup Properties
EGP
$11B
| $2.1M | 0.01% |
33,300
+8,000
| +32% | +$483K |
|
1189
Tetra Tech
TTEK
$9.33B
| $2.1M | 0.01% |
354,000
+78,500
| +28% | +$457K |
|
|
BECN
1190
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $2.1M | 0.01% |
54,200
+12,600
| +30% | +$487K |
|
|
ALE
1191
DELISTED
Allete
ALE
| $2.09M | 0.01% |
39,900
+6,100
| +18% | +$305K |
|
1192
Euronet Worldwide
EEFT
$2.78B
| $2.09M | 0.01% |
50,200
+11,300
| +29% | +$469K |
|
|
DWA
1193
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $2.08M | 0.01% |
78,300
+17,400
| +29% | +$549K |
|
|
SCTY
1194
DELISTED
SolarCity Corporation
SCTY
| $2.07M | 0.01% |
33,100
+9,600
| +41% | +$693K |
|
1195
NorthWestern Energy
NWE
$4.4B
| $2.06M | 0.01% |
43,400
+5,900
| +16% | +$266K |
|
|
ALEX
1196
DELISTED
Alexander & Baldwin
ALEX
| $2.06M | 0.01% |
48,300
+6,400
| +15% | +$263K |
|
|
MDR
1197
DELISTED
McDermott International
MDR
| $2.06M | 0.01% |
87,633
+19,966
| +30% | +$502K |
|
1198
United Bankshares
UBSI
$6.68B
| $2.05M | 0.01% |
67,015
+22,415
| +50% | +$672K |
|
|
RYL
1199
DELISTED
RYLAND GROUP INC
RYL
| $2.05M | 0.01% |
51,300
+11,700
| +30% | +$498K |
|
1200
Mine Safety
MSA
$7.32B
| $2.02M | 0.01% |
35,500
+8,000
| +29% | +$419K |
|
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.