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 | |
|---|---|---|---|---|---|---|
|
CTB
1326
DELISTED
Cooper Tire & Rubber Co.
CTB
| $1.67M | 0.01% |
68,500
+9,100
| +15% | +$217K |
|
|
EVER
1327
DELISTED
Everbank Financial Corp
EVER
| $1.66M | 0.01% |
84,300
+18,700
| +29% | +$339K |
|
|
EQY
1328
DELISTED
Equity One
EQY
| $1.66M | 0.01% |
74,400
+16,600
| +29% | +$376K |
|
1329
Nektar Therapeutics
NKTR
$2.58B
| $1.66M | 0.01% |
9,133
+2,713
| +42% | +$537K |
|
|
ACOR
1330
DELISTED
Acorda Therapeutics
ACOR
| $1.66M | 0.01% |
365
+86
| +31% | +$348K |
|
1331
Hudbay
HBM
$11.7B
| $1.66M | 0.01% |
211,600
+56,600
| +37% | +$453K |
|
|
OUTR
1332
DELISTED
OUTERWALL INC
OUTR
| $1.66M | 0.01% |
22,850
-1,950
| -8% | -$133K |
|
1333
Lithia Motors
LAD
$8.31B
| $1.66M | 0.01% |
24,900
+5,800
| +30% | +$362K |
|
1334
FerroAtlántica
GSM
$824M
| $1.65M | 0.01% |
79,400
+17,200
| +28% | +$327K |
|
|
VGR
1335
DELISTED
Vector Group Ltd.
VGR
| $1.65M | 0.01% |
145,031
+27,587
| +23% | +$277K |
|
|
KERX
1336
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $1.65M | 0.01% |
97,000
+27,100
| +39% | +$409K |
|
|
ARIA
1337
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $1.65M | 0.01% |
204,900
+47,500
| +30% | +$370K |
|
1338
Westamerica Bancorp
WABC
$1.38B
| $1.65M | 0.01% |
30,500
+6,500
| +27% | +$338K |
|
1339
Zurn Elkay Water Solutions
ZWS
$8.4B
| $1.65M | 0.01% |
118,124
+49,824
| +73% | +$682K |
|
1340
Colliers International
CIGI
$5.39B
| $1.65M | 0.01% |
59,131
+15,381
| +35% | +$397K |
|
1341
Columbia Banking Systems
COLB
$9.15B
| $1.64M | 0.01% |
57,624
+12,500
| +28% | +$338K |
|
1342
Group 1 Automotive
GPI
$3.14B
| $1.64M | 0.01% |
25,000
+3,400
| +16% | +$221K |
|
1343
Sanmina
SANM
$11.2B
| $1.64M | 0.01% |
94,100
+20,400
| +28% | +$342K |
|
|
DWRE
1344
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $1.64M | 0.01% |
25,600
+5,600
| +28% | +$390K |
|
1345
HUB Group
HUBG
$2.59B
| $1.64M | 0.01% |
81,800
+18,600
| +29% | +$376K |
|
|
SYNT
1346
DELISTED
Syntel Inc
SYNT
| $1.64M | 0.01% |
36,400
+8,400
| +30% | +$378K |
|
|
ARR
1347
Armour Residential REIT
ARR
$2.37B
| $1.63M | 0.01% |
9,915
+1,197
| +14% | +$201K |
|
|
SCS
1348
DELISTED
Steelcase
SCS
| $1.63M | 0.01% |
98,400
+23,400
| +31% | +$348K |
|
1349
Choice Hotels
CHH
$4.69B
| $1.63M | 0.01% |
35,500
+8,200
| +30% | +$395K |
|
|
EXXI
1350
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $1.63M | 0.01% |
69,300
+7,600
| +12% | +$179K |
|
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.