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 | |
|---|---|---|---|---|---|---|
1251
Haemonetics
HAE
$4.11B
| $1.88M | 0.01% |
57,800
+12,800
| +28% | +$489K |
|
1252
Artisan Partners
APAM
$3.03B
| $1.88M | 0.01% |
29,300
+18,700
| +176% | +$1.2M |
|
1253
SunCoke Energy
SXC
$788M
| $1.88M | 0.01% |
82,300
+17,400
| +27% | +$383K |
|
|
VTLE
1254
DELISTED
Vital Energy
VTLE
| $1.87M | 0.01% |
3,615
+815
| +29% | +$416K |
|
1255
Home BancShares
HOMB
$6.27B
| $1.87M | 0.01% |
108,600
+29,200
| +37% | +$491K |
|
1256
Monro
MNRO
$352M
| $1.87M | 0.01% |
32,800
+7,500
| +30% | +$429K |
|
|
WAGE
1257
DELISTED
WageWorks, Inc.
WAGE
| $1.86M | 0.01% |
33,200
+8,000
| +32% | +$483K |
|
|
HMSY
1258
DELISTED
HMS Holdings Corp.
HMSY
| $1.86M | 0.01% |
97,700
+22,700
| +30% | +$493K |
|
1259
Texas Roadhouse
TXRH
$13.6B
| $1.85M | 0.01% |
71,000
+16,400
| +30% | +$423K |
|
1260
HNI Corp
HNI
$3.56B
| $1.85M | 0.01% |
50,600
+10,900
| +27% | +$389K |
|
1261
B2Gold
BTG
$6.7B
| $1.85M | 0.01% |
679,400
+151,700
| +29% | +$398K |
|
1262
Evertec
EVTC
$1.91B
| $1.85M | 0.01% |
74,774
+23,400
| +46% | +$579K |
|
|
ISIL
1263
DELISTED
Intersil Corp
ISIL
| $1.85M | 0.01% |
142,900
+32,600
| +30% | +$389K |
|
1264
Capitol Federal Financial
CFFN
$1.09B
| $1.84M | 0.01% |
146,700
+21,600
| +17% | +$264K |
|
1265
Franklin Electric
FELE
$4.68B
| $1.84M | 0.01% |
43,300
+10,300
| +31% | +$434K |
|
1266
Watts Water Technologies
WTS
$12.8B
| $1.83M | 0.01% |
31,200
+7,000
| +29% | +$408K |
|
1267
CACI
CACI
$14.8B
| $1.83M | 0.01% |
24,800
+5,800
| +31% | +$440K |
|
1268
Veeco
VECO
$3.28B
| $1.82M | 0.01% |
43,500
+9,900
| +29% | +$383K |
|
1269
Hilltop Holdings
HTH
$2.28B
| $1.82M | 0.01% |
76,400
+19,000
| +33% | +$452K |
|
1270
Unifirst Corp
UNF
$5.21B
| $1.81M | 0.01% |
16,500
+3,700
| +29% | +$402K |
|
|
PMT
1271
PennyMac Mortgage Investment
PMT
$828M
| $1.81M | 0.01% |
75,800
+17,800
| +31% | +$421K |
|
1272
Rithm Capital
RITM
$5.79B
| $1.81M | 0.01% |
140,000
+18,250
| +15% | +$235K |
|
|
AEL
1273
DELISTED
American Equity Investment Life Holding Company
AEL
| $1.8M | 0.01% |
76,400
+18,400
| +32% | +$424K |
|
1274
Alaska Air
ALK
$5.3B
| $1.8M | 0.01% |
38,600
+8,600
| +29% | +$357K |
|
|
OPEN
1275
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $1.8M | 0.01% |
23,400
+5,700
| +32% | +$449K |
|
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.