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 | |
|---|---|---|---|---|---|---|
|
GEVA
1301
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $1.73M | 0.01% |
20,900
+5,800
| +38% | +$536K |
|
|
SHLD
1302
DELISTED
Sears Holding Corporation
SHLD
| $1.73M | 0.01% |
47,937
-4,372
| -8% | -$138K |
|
|
MLNX
1303
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $1.73M | 0.01% |
44,100
+9,600
| +28% | +$372K |
|
|
BCPC
1304
Balchem Corp
BCPC
$5.65B
| $1.73M | 0.01% |
33,100
+7,900
| +31% | +$424K |
|
|
PCH
1305
DELISTED
PotlatchDeltic
PCH
| $1.72M | 0.01% |
44,500
+10,200
| +30% | +$405K |
|
|
HPY
1306
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $1.72M | 0.01% |
41,500
+9,200
| +28% | +$400K |
|
|
ESGR
1307
DELISTED
Enstar Group
ESGR
| $1.72M | 0.01% |
12,600
+2,800
| +29% | +$366K |
|
|
PPO
1308
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $1.71M | 0.01% |
50,100
+10,300
| +26% | +$360K |
|
1309
Community Bank
CBU
$3.46B
| $1.71M | 0.01% |
43,900
+9,400
| +27% | +$348K |
|
1310
Forum Energy Technologies
FET
$927M
| $1.71M | 0.01% |
2,754
+620
| +29% | +$336K |
|
1311
Korn Ferry
KFY
$4.36B
| $1.71M | 0.01% |
57,300
+12,900
| +29% | +$332K |
|
1312
Andersons Inc
ANDE
$2.21B
| $1.7M | 0.01% |
28,750
+6,700
| +30% | +$375K |
|
1313
TriMas Corp
TRS
$1.39B
| $1.7M | 0.01% |
64,382
+13,931
| +28% | +$393K |
|
1314
Asbury Automotive
ABG
$3.78B
| $1.7M | 0.01% |
30,700
+6,900
| +29% | +$352K |
|
1315
Mueller Water Products
MWA
$3.98B
| $1.7M | 0.01% |
178,700
+40,300
| +29% | +$370K |
|
|
PMCS
1316
DELISTED
P M C SIERRA INC
PMCS
| $1.7M | 0.01% |
223,100
+50,900
| +30% | +$358K |
|
|
KW
1317
DELISTED
Kennedy-Wilson Holdings
KW
| $1.7M | 0.01% |
75,300
+24,300
| +48% | +$576K |
|
|
COHR
1318
DELISTED
Coherent Inc
COHR
| $1.69M | 0.01% |
25,900
+6,500
| +34% | +$449K |
|
1319
CVB Financial
CVBF
$4.08B
| $1.68M | 0.01% |
105,900
+22,800
| +27% | +$360K |
|
1320
KB Home
KBH
$3.45B
| $1.68M | 0.01% |
99,100
+34,700
| +54% | +$637K |
|
1321
Meritage Homes
MTH
$4.8B
| $1.68M | 0.01% |
80,400
+21,200
| +36% | +$483K |
|
|
MASI
1322
DELISTED
Masimo
MASI
| $1.68M | 0.01% |
61,500
+13,500
| +28% | +$385K |
|
1323
Tronox
TROX
$958M
| $1.68M | 0.01% |
70,600
+15,800
| +29% | +$364K |
|
1324
Credit Acceptance
CACC
$6.05B
| $1.68M | 0.01% |
11,800
+2,500
| +27% | +$341K |
|
1325
Granite Construction
GVA
$5.41B
| $1.67M | 0.01% |
41,900
+9,400
| +29% | +$337K |
|
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.