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 |
Alphabet (Google) Class C
GOOG
|
+$33M |
| 2 |
UnitedHealth
UNH
|
+$31.5M |
| 3 |
B
Barrick Mining
B
|
+$28.5M |
| 4 |
Cencora
COR
|
+$27.1M |
| 5 |
Union Pacific
UNP
|
+$25.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$75M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$32.5M |
| 3 |
Verisk Analytics
VRSK
|
+$31.9M |
| 4 |
AGN
Allergan Inc
AGN
|
+$28.6M |
| 5 |
AGN
Allergan plc
AGN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.18% |
| 2 | Healthcare | 13.12% |
| 3 | Energy | 12.36% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Staples | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Genesco
GCO
$412M
| $2.17M | 0.01% |
26,400
| – | – |
|
1202
United Bankshares
UBSI
$6.59B
| $2.17M | 0.01% |
67,015
| – | – |
|
|
FCS
1203
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $2.17M | 0.01% |
138,900
-14,400
| -9% | -$203K |
|
|
HTS
1204
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $2.16M | 0.01% |
109,100
-4,500
| -4% | -$89.1K |
|
1205
Cathay General Bancorp
CATY
$4.25B
| $2.16M | 0.01% |
84,500
| – | – |
|
1206
Healthcare Services Group
HCSG
$1.47B
| $2.15M | 0.01% |
73,100
| – | – |
|
1207
InterDigital
IDCC
$8.89B
| $2.15M | 0.01% |
45,000
-800
| -2% | -$30.9K |
|
1208
Commercial Metals
CMC
$8.02B
| $2.15M | 0.01% |
124,200
| – | – |
|
1209
ONE Gas
OGS
$4.96B
| $2.15M | 0.01% |
56,900
+2,400
| +4% | +$87.8K |
|
1210
Altisource Portfolio Solutions
ASPS
$65.1M
| $2.14M | 0.01% |
2,338
+75
| +3% | +$66.9K |
|
1211
Saic
SAIC
$5.28B
| $2.14M | 0.01% |
48,515
-2,200
| -4% | -$86.9K |
|
1212
EastGroup Properties
EGP
$10.8B
| $2.14M | 0.01% |
33,300
| – | – |
|
|
ISIL
1213
DELISTED
Intersil Corp
ISIL
| $2.14M | 0.01% |
142,900
| – | – |
|
|
ANN
1214
DELISTED
ANN INC
ANN
| $2.13M | 0.01% |
51,800
| – | – |
|
|
MDR
1215
DELISTED
McDermott International
MDR
| $2.13M | 0.01% |
87,633
| – | – |
|
|
SAPE
1216
DELISTED
SAPIENT CORP
SAPE
| $2.13M | 0.01% |
130,900
+5,300
| +4% | +$87.1K |
|
|
SN
1217
DELISTED
Sanchez Energy Corporation
SN
| $2.12M | 0.01% |
56,500
+12,600
| +29% | +$398K |
|
|
NAV
1218
DELISTED
Navistar International
NAV
| $2.12M | 0.01% |
56,600
-6,700
| -11% | -$238K |
|
1219
Valley National Bancorp
VLY
$8.15B
| $2.12M | 0.01% |
213,600
-18,000
| -8% | -$181K |
|
|
DGI
1220
DELISTED
DigitalGlobe Inc.
DGI
| $2.12M | 0.01% |
76,100
+9,300
| +14% | +$278K |
|
1221
Asbury Automotive
ABG
$3.79B
| $2.11M | 0.01% |
30,700
| – | – |
|
1222
Pilgrim's Pride
PPC
$6.28B
| $2.11M | 0.01% |
77,000
| – | – |
|
|
AIRM
1223
DELISTED
Air Methods Corp
AIRM
| $2.11M | 0.01% |
40,800
+1,500
| +4% | +$76.3K |
|
|
ALEX
1224
DELISTED
Alexander & Baldwin
ALEX
| $2.11M | 0.01% |
50,800
+2,500
| +5% | +$98.5K |
|
1225
Sanmina
SANM
$10.8B
| $2.1M | 0.01% |
92,300
-1,800
| -2% | -$36.5K |
|
Similar funds
Swiss National Bank's Q2 2014 Portfolio in Review
As of Q2 2014, Swiss National Bank held 2,604 positions worth $27B, up 6.1% from $25.5B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Swiss National Bank's Q2 2014 filing shows 110 new, 836 increased, 474 reduced and 72 closed positions. Its largest new stake was Antero Resources: 226,100 shares worth $14.8M. The largest sale was FOREST LABORATORIES INC, an estimated $75M.
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 Q2 2014 buy was Antero Resources: 226,100 shares worth $14.8M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q2 2014, an estimated $33M increase.
- Swiss National Bank's biggest Q2 2014 reduction was FOREST LABORATORIES INC, cutting an estimated $75M.
- Swiss National Bank fully exited Weatherford International plc in Q2 2014, selling an estimated $12.9M.
- Swiss National Bank's ten largest holdings make up 13% of its $27B portfolio in Q2 2014.
- Swiss National Bank opened 110 new positions and closed 72 in Q2 2014.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $27B.
Based on Swiss National Bank's 13F filing for Q2 2014, filed 6 Aug 2014.