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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SNBR
1376
DELISTED
Sleep Number
SNBR
| $1.13M | ﹤0.01% |
46,300
-2,700
| -6% | -$64.9K |
|
1377
Northwest Bancshares
NWBI
$2.29B
| $1.13M | ﹤0.01% |
85,200
-4,500
| -5% | -$62K |
|
|
DMC
1378
Del Monte Corp
DMC
$1.45B
| $1.13M | ﹤0.01% |
37,900
-2,200
| -5% | -$64K |
|
1379
Acadia Healthcare
ACHC
$2.9B
| $1.12M | ﹤0.01% |
28,500
-1,500
| -5% | -$55.7K |
|
1380
CVB Financial
CVBF
$4.02B
| $1.12M | ﹤0.01% |
83,100
-4,200
| -5% | -$55K |
|
|
ITMN
1381
DELISTED
INTERMUNE INC
ITMN
| $1.12M | ﹤0.01% |
73,000
-3,900
| -5% | -$54.7K |
|
|
SYNT
1382
DELISTED
Syntel Inc
SYNT
| $1.12M | ﹤0.01% |
28,000
-1,600
| -5% | -$58.1K |
|
|
CY
1383
DELISTED
Cypress Semiconductor
CY
| $1.12M | ﹤0.01% |
119,900
-8,400
| -7% | -$98K |
|
1384
Elbit Systems
ESLT
$36.4B
| $1.12M | ﹤0.01% |
20,756
-1,217
| -6% | -$55.6K |
|
1385
Columbia Banking Systems
COLB
$8.97B
| $1.11M | ﹤0.01% |
45,124
-3,200
| -7% | -$78.5K |
|
|
KDN
1386
DELISTED
KAYDON CORP
KDN
| $1.11M | ﹤0.01% |
31,400
-1,500
| -5% | -$46.3K |
|
|
NSM
1387
DELISTED
Nationstar Mortgage Holdings
NSM
| $1.11M | ﹤0.01% |
19,800
-1,100
| -5% | -$53.6K |
|
1388
Interface
TILE
$2.24B
| $1.11M | ﹤0.01% |
55,900
-2,800
| -5% | -$52K |
|
1389
Mueller Water Products
MWA
$4.09B
| $1.11M | ﹤0.01% |
138,400
-7,400
| -5% | -$57K |
|
|
PACW
1390
DELISTED
PacWest Bancorp
PACW
| $1.11M | ﹤0.01% |
32,200
+2,800
| +10% | +$94.9K |
|
|
BZ
1391
DELISTED
BOISE INC COM STK (DE)
BZ
| $1.1M | ﹤0.01% |
87,700
-4,400
| -5% | -$42K |
|
|
SHFL
1392
DELISTED
SHFL ENTMT INC
SHFL
| $1.1M | ﹤0.01% |
48,000
-2,700
| -5% | -$59.6K |
|
1393
SunCoke Energy
SXC
$786M
| $1.1M | ﹤0.01% |
64,900
-3,400
| -5% | -$54.1K |
|
|
CONN
1394
DELISTED
Conn's Inc.
CONN
| $1.1M | ﹤0.01% |
22,000
-600
| -3% | -$35.5K |
|
|
RFP
1395
DELISTED
Resolute Forest Products Inc.
RFP
| $1.1M | ﹤0.01% |
83,100
-4,500
| -5% | -$62.1K |
|
1396
Universal Display
OLED
$4.32B
| $1.09M | ﹤0.01% |
34,200
-1,900
| -5% | -$60.7K |
|
|
CLNY
1397
DELISTED
Colony Capital, Inc.
CLNY
| $1.09M | ﹤0.01% |
54,800
-4,100
| -7% | -$82.9K |
|
|
VSI
1398
DELISTED
Vitamin Shoppe Inc.
VSI
| $1.09M | ﹤0.01% |
25,000
-1,200
| -5% | -$53.1K |
|
|
LTC
1399
LTC Properties
LTC
$2.05B
| $1.09M | ﹤0.01% |
28,600
-1,600
| -5% | -$60.7K |
|
1400
Allison Transmission
ALSN
$10.3B
| $1.08M | ﹤0.01% |
43,300
+8,800
| +26% | +$208K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
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 Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.