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 |
Apple
AAPL
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATW
1326
DELISTED
Atwood Oceanics
ATW
| $1.94M | 0.01% |
73,300
+1,500
| +2% | +$46.1K |
|
|
DOOR
1327
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $1.94M | 0.01% |
+27,600
| New | +$1.89M |
|
1328
Sanmina
SANM
$11.5B
| $1.93M | 0.01% |
95,800
+3,100
| +3% | +$67.7K |
|
|
SVU
1329
DELISTED
SUPERVALU Inc.
SVU
| $1.93M | 0.01% |
34,086
+615
| +2% | +$41K |
|
|
CONE
1330
DELISTED
CyrusOne Inc Common Stock
CONE
| $1.92M | 0.01% |
65,252
+26,552
| +69% | +$830K |
|
1331
Integra LifeSciences
IART
$1.33B
| $1.91M | 0.01% |
69,480
+1,223
| +2% | +$32.6K |
|
1332
Dine Brands
DIN
$448M
| $1.91M | 0.01% |
19,300
+500
| +3% | +$49.8K |
|
1333
Columbia Sportswear
COLM
$2.87B
| $1.9M | ﹤0.01% |
31,500
+900
| +3% | +$53.3K |
|
1334
Unifirst Corp
UNF
$5.27B
| $1.9M | ﹤0.01% |
17,000
+300
| +2% | +$34.9K |
|
|
SCS
1335
DELISTED
Steelcase
SCS
| $1.9M | ﹤0.01% |
100,400
+1,500
| +2% | +$27.4K |
|
1336
Selective Insurance
SIGI
$5.6B
| $1.89M | ﹤0.01% |
67,400
+900
| +1% | +$25K |
|
|
ESGR
1337
DELISTED
Enstar Group
ESGR
| $1.89M | ﹤0.01% |
12,200
-1,200
| -9% | -$179K |
|
|
LCI
1338
DELISTED
Lannett Company, Inc.
LCI
| $1.89M | ﹤0.01% |
7,950
+525
| +7% | +$126K |
|
|
PLCM
1339
DELISTED
POLYCOM INC
PLCM
| $1.89M | ﹤0.01% |
165,000
+2,100
| +1% | +$27.4K |
|
|
DF
1340
DELISTED
Dean Foods Company
DF
| $1.89M | ﹤0.01% |
116,700
+10,000
| +9% | +$174K |
|
|
OUTR
1341
DELISTED
OUTERWALL INC
OUTR
| $1.88M | ﹤0.01% |
24,750
+2,400
| +11% | +$175K |
|
|
MRD
1342
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $1.88M | ﹤0.01% |
99,300
+9,000
| +10% | +$174K |
|
|
MZTI
1343
The Marzetti Company
MZTI
$3.14B
| $1.88M | ﹤0.01% |
20,700
| – | – |
|
1344
Veeva Systems
VEEV
$38.1B
| $1.88M | ﹤0.01% |
67,100
+7,300
| +12% | +$198K |
|
1345
Interface
TILE
$2.19B
| $1.88M | ﹤0.01% |
75,000
+2,200
| +3% | +$48.7K |
|
1346
Morningstar
MORN
$7.3B
| $1.88M | ﹤0.01% |
23,600
| – | – |
|
|
NYRT
1347
DELISTED
New York REIT, Inc.
NYRT
| $1.87M | ﹤0.01% |
18,830
+520
| +3% | +$50.8K |
|
|
CATM
1348
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $1.87M | ﹤0.01% |
50,500
+1,100
| +2% | +$41.7K |
|
1349
Capitol Federal Financial
CFFN
$1.09B
| $1.87M | ﹤0.01% |
155,200
+3,200
| +2% | +$38.9K |
|
|
ISIL
1350
DELISTED
Intersil Corp
ISIL
| $1.87M | ﹤0.01% |
149,400
+2,900
| +2% | +$39.5K |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.