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 | |
|---|---|---|---|---|---|---|
|
PTP
1276
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $1.93M | 0.01% |
29,800
| – | – |
|
1277
Watts Water Technologies
WTS
$12.9B
| $1.93M | 0.01% |
31,200
| – | – |
|
1278
B&G Foods
BGS
$281M
| $1.93M | 0.01% |
58,900
| – | – |
|
1279
Ironwood Pharmaceuticals
IRWD
$696M
| $1.92M | 0.01% |
149,847
| – | – |
|
|
AEL
1280
DELISTED
American Equity Investment Life Holding Company
AEL
| $1.92M | 0.01% |
78,200
+1,800
| +2% | +$41.6K |
|
|
ELME
1281
Elme Communities
ELME
$143M
| $1.92M | 0.01% |
74,000
| – | – |
|
|
MZTI
1282
The Marzetti Company
MZTI
$3.19B
| $1.92M | 0.01% |
20,200
| – | – |
|
|
CYBX
1283
DELISTED
CYBERONICS INC
CYBX
| $1.92M | 0.01% |
30,700
| – | – |
|
1284
BOK Financial
BOKF
$8.72B
| $1.91M | 0.01% |
28,700
-3,000
| -9% | -$196K |
|
|
GES
1285
DELISTED
Guess Inc
GES
| $1.91M | 0.01% |
70,600
| – | – |
|
1286
Mueller Industries
MLI
$15.3B
| $1.91M | 0.01% |
259,200
| – | – |
|
1287
Texas Roadhouse
TXRH
$14B
| $1.9M | 0.01% |
73,100
+2,100
| +3% | +$53.2K |
|
1288
NETSCOUT
NTCT
$2.82B
| $1.9M | 0.01% |
42,800
+3,200
| +8% | +$124K |
|
1289
Rithm Capital
RITM
$5.76B
| $1.9M | 0.01% |
150,650
+10,650
| +8% | +$135K |
|
|
SVU
1290
DELISTED
SUPERVALU Inc.
SVU
| $1.9M | 0.01% |
32,957
| – | – |
|
1291
Tronox
TROX
$1.03B
| $1.89M | 0.01% |
70,300
-300
| -0.4% | -$7.67K |
|
1292
Five Below
FIVE
$13B
| $1.89M | 0.01% |
47,259
-2,500
| -5% | -$95.4K |
|
1293
Trustmark
TRMK
$2.78B
| $1.89M | 0.01% |
76,400
-3,100
| -4% | -$73.9K |
|
|
MGLN
1294
DELISTED
Magellan Health Services, Inc.
MGLN
| $1.89M | 0.01% |
30,300
| – | – |
|
|
ESGR
1295
DELISTED
Enstar Group
ESGR
| $1.88M | 0.01% |
12,500
-100
| -0.8% | -$13.8K |
|
1296
Capitol Federal Financial
CFFN
$1.09B
| $1.87M | 0.01% |
153,800
+7,100
| +5% | +$86.3K |
|
1297
Protolabs
PRLB
$2.17B
| $1.87M | 0.01% |
22,800
+5,400
| +31% | +$366K |
|
|
EFOR
1298
Everforth Inc
EFOR
$1.33B
| $1.86M | 0.01% |
52,400
+2,100
| +4% | +$75.2K |
|
|
DYN
1299
DELISTED
Dynegy, Inc.
DYN
| $1.86M | 0.01% |
53,500
+4,000
| +8% | +$124K |
|
1300
Power Integrations
POWI
$3.53B
| $1.86M | 0.01% |
64,600
| – | – |
|
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.