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 | |
|---|---|---|---|---|---|---|
|
CYBX
1301
DELISTED
CYBERONICS INC
CYBX
| $1.23M | 0.01% |
24,300
-1,300
| -5% | -$68.2K |
|
1302
RBC Bearings
RBC
$17.5B
| $1.23M | 0.01% |
18,700
-1,100
| -6% | -$64.6K |
|
1303
Cogent Communications
CCOI
$554M
| $1.23M | 0.01% |
38,100
-2,100
| -5% | -$64.4K |
|
1304
Progress Software
PRGS
$1.77B
| $1.23M | 0.01% |
47,500
-4,200
| -8% | -$105K |
|
|
EGOV
1305
DELISTED
NIC Inc
EGOV
| $1.23M | 0.01% |
53,200
-2,900
| -5% | -$60.3K |
|
|
OPEN
1306
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $1.23M | 0.01% |
17,500
-1,200
| -6% | -$83.9K |
|
|
LNCE
1307
DELISTED
Snyders-Lance, Inc.
LNCE
| $1.22M | 0.01% |
42,300
-2,200
| -5% | -$63.8K |
|
1308
Kaiser Aluminum
KALU
$3.16B
| $1.22M | 0.01% |
17,100
-800
| -4% | -$54K |
|
1309
Mercury Insurance
MCY
$5.86B
| $1.22M | 0.01% |
25,200
-1,300
| -5% | -$58.7K |
|
|
HIBB
1310
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.21M | 0.01% |
21,600
-1,200
| -5% | -$67.2K |
|
|
HLSS
1311
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $1.21M | 0.01% |
55,000
-6,000
| -10% | -$142K |
|
|
AEL
1312
DELISTED
American Equity Investment Life Holding Company
AEL
| $1.21M | 0.01% |
57,000
-2,000
| -3% | -$38.2K |
|
1313
Home BancShares
HOMB
$6.2B
| $1.21M | 0.01% |
79,400
-4,200
| -5% | -$57.8K |
|
|
MZTI
1314
The Marzetti Company
MZTI
$3.15B
| $1.21M | 0.01% |
15,400
-900
| -6% | -$71.9K |
|
|
GRT
1315
DELISTED
GLIMCHER REALTY TRUST
GRT
| $1.21M | 0.01% |
123,700
-6,000
| -5% | -$64.3K |
|
|
AKRX
1316
DELISTED
Akorn Inc
AKRX
| $1.2M | 0.01% |
61,100
-3,600
| -6% | -$58.2K |
|
1317
St. Joe Company
JOE
$3.89B
| $1.2M | 0.01% |
61,100
-3,300
| -5% | -$69.5K |
|
1318
OSI Systems
OSIS
$3.84B
| $1.2M | 0.01% |
16,100
-1,000
| -6% | -$71K |
|
|
AFSI
1319
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $1.2M | 0.01% |
61,380
| – | – |
|
|
WAC
1320
DELISTED
Walter Investment Mgt Corp
WAC
| $1.2M | 0.01% |
30,300
-1,000
| -3% | -$38.4K |
|
1321
U-Haul Holding Co
UHAL
$14.3B
| $1.2M | 0.01% |
65,000
-4,000
| -6% | -$69.1K |
|
1322
First Financial Bankshares
FFIN
$4.99B
| $1.19M | 0.01% |
81,200
-4,800
| -6% | -$71.5K |
|
1323
MKS Inc
MKSI
$19.9B
| $1.19M | 0.01% |
44,900
-2,300
| -5% | -$61.4K |
|
1324
Westamerica Bancorp
WABC
$1.36B
| $1.19M | 0.01% |
24,000
-1,400
| -6% | -$67.7K |
|
|
COHR
1325
DELISTED
Coherent Inc
COHR
| $1.19M | 0.01% |
19,400
-1,000
| -5% | -$58.7K |
|
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.