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 | |
|---|---|---|---|---|---|---|
1351
Simpson Manufacturing
SSD
$8B
| $1.63M | 0.01% |
46,100
+10,300
| +29% | +$353K |
|
|
CY
1352
DELISTED
Cypress Semiconductor
CY
| $1.63M | 0.01% |
158,500
+36,600
| +30% | +$370K |
|
|
EE
1353
DELISTED
El Paso Electric Company
EE
| $1.63M | 0.01% |
45,500
+10,300
| +29% | +$364K |
|
1354
PBF Energy
PBF
$8.8B
| $1.63M | 0.01% |
63,000
+27,800
| +79% | +$739K |
|
1355
Huron Consulting
HURN
$2.46B
| $1.62M | 0.01% |
25,600
+5,900
| +30% | +$384K |
|
1356
Acadia Realty Trust
AKR
$2.86B
| $1.62M | 0.01% |
61,500
+14,400
| +31% | +$371K |
|
|
SKX
1357
DELISTED
Skechers
SKX
| $1.62M | 0.01% |
133,200
+30,300
| +29% | +$328K |
|
|
DF
1358
DELISTED
Dean Foods Company
DF
| $1.62M | 0.01% |
104,900
+24,700
| +31% | +$385K |
|
|
TAL
1359
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $1.62M | 0.01% |
37,800
+8,600
| +29% | +$383K |
|
|
KNGT
1360
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $1.62M | 0.01% |
70,000
+15,300
| +28% | +$354K |
|
1361
Elbit Systems
ESLT
$36.5B
| $1.62M | 0.01% |
26,547
+5,611
| +27% | +$331K |
|
1362
Celldex Therapeutics
CLDX
$3.37B
| $1.61M | 0.01% |
6,093
+1,020
| +20% | +$391K |
|
|
GRT
1363
DELISTED
GLIMCHER REALTY TRUST
GRT
| $1.61M | 0.01% |
160,700
+37,000
| +30% | +$350K |
|
1364
Pilgrim's Pride
PPC
$6.57B
| $1.61M | 0.01% |
77,000
+16,300
| +27% | +$281K |
|
1365
Cimpress
CMPR
$2.38B
| $1.61M | 0.01% |
32,700
+7,700
| +31% | +$390K |
|
|
PHH
1366
DELISTED
PHH Corporation
PHH
| $1.6M | 0.01% |
62,100
+13,800
| +29% | +$346K |
|
1367
SouthState Bank Corp
SSB
$10.8B
| $1.6M | 0.01% |
25,621
+6,000
| +31% | +$372K |
|
1368
ABM Industries
ABM
$2.83B
| $1.6M | 0.01% |
55,700
+12,100
| +28% | +$337K |
|
1369
La-Z-Boy
LZB
$1.68B
| $1.6M | 0.01% |
59,000
+13,300
| +29% | +$364K |
|
|
CRAY
1370
DELISTED
Cray, Inc.
CRAY
| $1.6M | 0.01% |
42,800
+10,200
| +31% | +$345K |
|
1371
Northwest Bancshares
NWBI
$2.31B
| $1.6M | 0.01% |
109,300
+24,100
| +28% | +$348K |
|
|
ISBC
1372
DELISTED
Investors Bancorp, Inc.
ISBC
| $1.6M | 0.01% |
147,144
+40,530
| +38% | +$416K |
|
|
PNK
1373
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.59M | 0.01% |
67,300
+15,400
| +30% | +$361K |
|
|
CLVS
1374
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.59M | 0.01% |
23,000
+4,900
| +27% | +$360K |
|
|
HLSS
1375
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $1.59M | 0.01% |
73,600
+17,600
| +31% | +$375K |
|
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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.