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 | |
|---|---|---|---|---|---|---|
|
SPWR
1401
DELISTED
SunPower Corporation Common Stock
SPWR
| $1.54M | 0.01% |
72,991
+16,492
| +29% | +$352K |
|
1402
FirstCash
FCFS
$9.16B
| $1.54M | 0.01% |
30,500
+6,800
| +29% | +$365K |
|
|
AYR
1403
DELISTED
Aircastle Ltd
AYR
| $1.54M | 0.01% |
79,400
+17,500
| +28% | +$333K |
|
|
HOS
1404
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.54M | 0.01% |
36,800
+4,900
| +15% | +$209K |
|
|
MHR
1405
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $1.54M | 0.01% |
180,900
+41,700
| +30% | +$335K |
|
1406
Flotek Industries
FTK
$1.37B
| $1.54M | 0.01% |
9,200
+2,117
| +30% | +$298K |
|
|
ARNA
1407
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $1.54M | 0.01% |
24,380
+5,570
| +30% | +$370K |
|
1408
International Bancshares
IBOC
$4.52B
| $1.53M | 0.01% |
61,200
+13,600
| +29% | +$329K |
|
|
VSI
1409
DELISTED
Vitamin Shoppe Inc.
VSI
| $1.53M | 0.01% |
32,300
+7,300
| +29% | +$334K |
|
1410
FTI Consulting
FCN
$4.17B
| $1.53M | 0.01% |
46,000
+9,700
| +27% | +$340K |
|
|
BEL
1411
DELISTED
Belmond Ltd.
BEL
| $1.53M | 0.01% |
106,200
+23,800
| +29% | +$349K |
|
1412
Monolithic Power Systems
MPWR
$70.5B
| $1.53M | 0.01% |
39,400
+8,800
| +29% | +$310K |
|
1413
Adtran
ADTN
$668M
| $1.53M | 0.01% |
62,500
+13,000
| +26% | +$335K |
|
|
CYS
1414
DELISTED
CYS Investments Inc.
CYS
| $1.52M | 0.01% |
184,100
+37,500
| +26% | +$310K |
|
|
BOBE
1415
DELISTED
Bob Evans Farms, Inc.
BOBE
| $1.52M | 0.01% |
30,400
+6,500
| +27% | +$322K |
|
|
HTWR
1416
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $1.52M | 0.01% |
16,200
+3,800
| +31% | +$370K |
|
1417
First Citizens BancShares
FCNCA
$25.6B
| $1.52M | 0.01% |
6,300
+2,100
| +50% | +$472K |
|
1418
RPC Inc
RES
$1.39B
| $1.52M | 0.01% |
74,300
+16,300
| +28% | +$301K |
|
1419
InterDigital
IDCC
$8.96B
| $1.52M | 0.01% |
45,800
+10,400
| +29% | +$310K |
|
|
KEG
1420
DELISTED
KEY ENERGY SERVICES INC
KEG
| $1.52M | 0.01% |
164,100
+36,600
| +29% | +$338K |
|
1421
Booz Allen Hamilton
BAH
$9.31B
| $1.51M | 0.01% |
68,700
+20,100
| +41% | +$401K |
|
1422
Selective Insurance
SIGI
$5.61B
| $1.51M | 0.01% |
64,700
+14,300
| +28% | +$340K |
|
|
EPAY
1423
DELISTED
Bottomline Technologies Inc
EPAY
| $1.51M | 0.01% |
42,900
+10,200
| +31% | +$355K |
|
|
KND
1424
DELISTED
Kindred Healthcare
KND
| $1.51M | 0.01% |
64,400
+13,800
| +27% | +$285K |
|
|
MDAS
1425
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $1.51M | 0.01% |
61,000
+14,500
| +31% | +$327K |
|
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.