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 | |
|---|---|---|---|---|---|---|
1326
The Greenbrier Companies
GBX
$1.43B
| $1.79M | 0.01% |
31,100
| – | – |
|
1327
G-III Apparel Group
GIII
$1.45B
| $1.79M | 0.01% |
43,800
+4,000
| +10% | +$151K |
|
1328
MBIA
MBI
$257M
| $1.79M | 0.01% |
161,900
| – | – |
|
1329
LiveRamp
RAMP
$2.3B
| $1.79M | 0.01% |
82,400
| – | – |
|
1330
Evertec
EVTC
$1.77B
| $1.79M | 0.01% |
73,674
-1,100
| -1% | -$26.2K |
|
1331
Home BancShares
HOMB
$6.23B
| $1.78M | 0.01% |
108,600
| – | – |
|
1332
Itron
ITRI
$4.52B
| $1.78M | 0.01% |
43,900
| – | – |
|
|
NUVA
1333
DELISTED
NuVasive, Inc.
NUVA
| $1.78M | 0.01% |
50,000
| – | – |
|
1334
Enpro
NPO
$7.07B
| $1.78M | 0.01% |
24,300
| – | – |
|
|
SFLY
1335
DELISTED
Shutterfly, Inc.
SFLY
| $1.78M | 0.01% |
41,300
| – | – |
|
1336
Marriott Vacations Worldwide
VAC
$4B
| $1.78M | 0.01% |
30,300
+6,900
| +29% | +$386K |
|
1337
Flotek Industries
FTK
$1.4B
| $1.77M | 0.01% |
9,200
| – | – |
|
|
BCPC
1338
Balchem Corp
BCPC
$5.7B
| $1.77M | 0.01% |
33,100
| – | – |
|
1339
EPAM Systems
EPAM
$5.15B
| $1.77M | 0.01% |
40,462
+26,300
| +186% | +$994K |
|
|
PSB
1340
DELISTED
PS Business Parks, Inc.
PSB
| $1.77M | 0.01% |
21,200
| – | – |
|
1341
SunCoke Energy
SXC
$789M
| $1.77M | 0.01% |
82,300
| – | – |
|
|
INVN
1342
DELISTED
Invensense Inc
INVN
| $1.76M | 0.01% |
77,700
+29,500
| +61% | +$603K |
|
1343
CVB Financial
CVBF
$4.01B
| $1.76M | 0.01% |
109,900
+4,000
| +4% | +$60.2K |
|
1344
FirstCash
FCFS
$9.03B
| $1.76M | 0.01% |
30,500
| – | – |
|
1345
Nektar Therapeutics
NKTR
$2.53B
| $1.76M | 0.01% |
9,133
| – | – |
|
|
EQY
1346
DELISTED
Equity One
EQY
| $1.75M | 0.01% |
74,400
| – | – |
|
1347
Colliers International
CIGI
$5.3B
| $1.75M | 0.01% |
59,131
| – | – |
|
1348
Unifirst Corp
UNF
$5.28B
| $1.75M | 0.01% |
16,500
| – | – |
|
1349
Franklin Electric
FELE
$4.75B
| $1.75M | 0.01% |
43,300
| – | – |
|
1350
Monro
MNRO
$372M
| $1.75M | 0.01% |
32,800
| – | – |
|
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.