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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TAHO
1226
DELISTED
Tahoe Resources Inc
TAHO
| $1.4M | 0.01% |
77,900
-3,700
| -5% | -$59.9K |
|
1227
Mueller Industries
MLI
$15.1B
| $1.4M | 0.01% |
201,600
-10,400
| -5% | -$71.6K |
|
|
CATM
1228
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $1.4M | 0.01% |
37,800
-1,800
| -5% | -$60.6K |
|
1229
Wintrust Financial
WTFC
$10.9B
| $1.4M | 0.01% |
34,000
-1,800
| -5% | -$73.2K |
|
|
BGC
1230
DELISTED
General Cable Corporation
BGC
| $1.39M | 0.01% |
43,700
-2,400
| -5% | -$75.3K |
|
1231
Western Alliance Bancorporation
WAL
$8.89B
| $1.38M | 0.01% |
72,700
-3,700
| -5% | -$64.6K |
|
1232
FirstCash
FCFS
$9.04B
| $1.37M | 0.01% |
23,700
-1,300
| -5% | -$70.6K |
|
1233
Lithia Motors
LAD
$8.32B
| $1.37M | 0.01% |
18,800
-1,100
| -6% | -$71.9K |
|
1234
TriMas Corp
TRS
$1.43B
| $1.37M | 0.01% |
46,059
+5,271
| +13% | +$157K |
|
|
BOBE
1235
DELISTED
Bob Evans Farms, Inc.
BOBE
| $1.37M | 0.01% |
23,900
-1,300
| -5% | -$67.1K |
|
|
TAL
1236
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $1.36M | 0.01% |
29,200
-1,600
| -5% | -$69.1K |
|
1237
Watts Water Technologies
WTS
$12.8B
| $1.36M | 0.01% |
24,200
-1,300
| -5% | -$69.2K |
|
|
PCH
1238
DELISTED
PotlatchDeltic
PCH
| $1.36M | 0.01% |
34,300
-1,900
| -5% | -$78K |
|
1239
FTI Consulting
FCN
$4.22B
| $1.36M | 0.01% |
35,900
-2,300
| -6% | -$81.5K |
|
|
UTIW
1240
DELISTED
UTI WORLDWIDE INC
UTIW
| $1.35M | 0.01% |
89,700
-4,500
| -5% | -$72.9K |
|
1241
Graphic Packaging
GPK
$3.54B
| $1.35M | 0.01% |
157,400
-8,900
| -5% | -$76.2K |
|
1242
Genesco
GCO
$409M
| $1.34M | 0.01% |
20,500
-1,200
| -6% | -$82.1K |
|
1243
Spectrum Brands
SPB
$2.02B
| $1.34M | 0.01% |
20,400
-1,100
| -5% | -$67.2K |
|
|
RFMD
1244
DELISTED
RF MICRO DEVICES INC
RFMD
| $1.34M | 0.01% |
237,900
-12,300
| -5% | -$64.7K |
|
1245
Tronox
TROX
$1.02B
| $1.34M | 0.01% |
54,800
-2,900
| -5% | -$64.4K |
|
|
SYA
1246
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $1.34M | 0.01% |
75,200
-4,100
| -5% | -$73.1K |
|
|
ESGR
1247
DELISTED
Enstar Group
ESGR
| $1.34M | 0.01% |
9,800
-600
| -6% | -$83.9K |
|
1248
Unifirst Corp
UNF
$5.27B
| $1.34M | 0.01% |
12,800
-500
| -4% | -$49.4K |
|
1249
Prestige Consumer Healthcare
PBH
$2.54B
| $1.33M | 0.01% |
44,300
-2,300
| -5% | -$75.2K |
|
|
DS
1250
DELISTED
Drive Shack Inc.
DS
| $1.33M | 0.01% |
261,942
+9,840
| +4% | +$49.8K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
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 Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.