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 | |
|---|---|---|---|---|---|---|
1426
Globus Medical
GMED
$11.2B
| $1.5M | 0.01% |
56,600
+13,000
| +30% | +$309K |
|
|
NPBC
1427
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $1.5M | 0.01% |
143,900
+31,300
| +28% | +$334K |
|
1428
Greif
GEF
$4.96B
| $1.5M | 0.01% |
28,600
+6,500
| +29% | +$334K |
|
|
FINL
1429
DELISTED
Finish Line
FINL
| $1.5M | 0.01% |
55,400
+12,400
| +29% | +$329K |
|
|
GTI
1430
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $1.5M | 0.01% |
136,900
+30,800
| +29% | +$326K |
|
|
AUXL
1431
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $1.5M | 0.01% |
55,000
+12,100
| +28% | +$321K |
|
1432
Interface
TILE
$2.18B
| $1.49M | 0.01% |
72,700
+16,800
| +30% | +$342K |
|
|
HIBB
1433
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.49M | 0.01% |
28,200
+6,600
| +31% | +$389K |
|
1434
NETSCOUT
NTCT
$2.9B
| $1.49M | 0.01% |
39,600
+9,000
| +29% | +$317K |
|
1435
Hope Bancorp
HOPE
$1.82B
| $1.48M | 0.01% |
86,500
+19,100
| +28% | +$314K |
|
|
CLD
1436
DELISTED
Cloud Peak Energy Inc
CLD
| $1.48M | 0.01% |
70,100
+15,400
| +28% | +$289K |
|
1437
Pinnacle Financial Partners Inc
PNFP
$16B
| $1.48M | 0.01% |
39,500
+8,500
| +27% | +$293K |
|
|
MTOR
1438
DELISTED
MERITOR, Inc.
MTOR
| $1.48M | 0.01% |
120,800
+22,300
| +23% | +$251K |
|
|
ESC
1439
DELISTED
EMERITUS CORP
ESC
| $1.48M | 0.01% |
47,000
+10,500
| +29% | +$272K |
|
|
STSA
1440
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $1.48M | 0.01% |
44,300
+9,500
| +27% | +$307K |
|
|
FMBI
1441
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $1.47M | 0.01% |
86,200
+18,900
| +28% | +$318K |
|
1442
Unisys
UIS
$206M
| $1.47M | 0.01% |
48,300
+11,000
| +29% | +$355K |
|
1443
Buckle
BKE
$2.33B
| $1.46M | 0.01% |
31,900
+6,810
| +27% | +$311K |
|
1444
Halozyme
HALO
$11.5B
| $1.46M | 0.01% |
115,000
+33,900
| +42% | +$503K |
|
1445
Mativ Holdings
MATV
$698M
| $1.46M | 0.01% |
34,300
+7,900
| +30% | +$360K |
|
1446
NETGEAR
NTGR
$651M
| $1.46M | 0.01% |
43,300
+10,000
| +30% | +$335K |
|
1447
Mercury Insurance
MCY
$5.86B
| $1.45M | 0.01% |
32,200
+7,000
| +28% | +$320K |
|
1448
Adeia
ADEA
$3.1B
| $1.45M | 0.01% |
232,092
+51,786
| +29% | +$282K |
|
|
ARTC
1449
DELISTED
ARTHROCARE CORP
ARTC
| $1.45M | 0.01% |
30,100
+7,300
| +32% | +$346K |
|
1450
Brady Corp
BRC
$4.43B
| $1.45M | 0.01% |
53,400
+12,800
| +32% | +$359K |
|
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.