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 |
AGN
Allergan plc
AGN
|
+$18.3M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$16.5M |
| 3 |
ICL Group
ICL
|
+$11.3M |
| 4 |
Liberty Media Series C
FWONK
|
+$9.18M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$6.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.7M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$23.5M |
| 3 |
ExxonMobil
XOM
|
+$11.1M |
| 4 |
IBM
IBM
|
+$8.88M |
| 5 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.81% |
| 2 | Technology | 13.76% |
| 3 | Energy | 11.48% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Interactive Brokers
IBKR
$41.4B
| $1.44M | 0.01% |
230,800
-3,600
| -2% | -$21.4K |
|
1427
Flotek Industries
FTK
$1.25B
| $1.44M | 0.01% |
9,200
| – | – |
|
|
ARGO
1428
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.44M | 0.01% |
39,699
-1,392
| -3% | -$52K |
|
|
HEES
1429
DELISTED
H&E Equipment Services
HEES
| $1.43M | 0.01% |
35,600
-700
| -2% | -$27.2K |
|
1430
MGE Energy Inc
MGEE
$3.06B
| $1.43M | 0.01% |
38,450
-1,000
| -3% | -$39.1K |
|
|
IGTE
1431
DELISTED
IGATE CORPORATION
IGTE
| $1.43M | 0.01% |
39,000
-700
| -2% | -$26K |
|
|
LNCE
1432
DELISTED
Snyders-Lance, Inc.
LNCE
| $1.43M | 0.01% |
53,800
-1,200
| -2% | -$32.3K |
|
|
PKY
1433
DELISTED
Parkway, Inc.
PKY
| $1.43M | 0.01% |
75,900
+5,600
| +8% | +$115K |
|
1434
KB Home
KBH
$3.45B
| $1.42M | 0.01% |
95,300
+3,600
| +4% | +$61.8K |
|
1435
Cal-Maine
CALM
$3.87B
| $1.42M | 0.01% |
31,800
-600
| -2% | -$23.8K |
|
1436
Clearwater Paper
CLW
$354M
| $1.42M | 0.01% |
23,600
-900
| -4% | -$59.5K |
|
1437
Cirrus Logic
CRUS
$6.08B
| $1.42M | 0.01% |
68,000
-1,400
| -2% | -$32.4K |
|
|
SAVE
1438
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.42M | 0.01% |
20,500
-400
| -2% | -$27.4K |
|
1439
Buckle
BKE
$2.31B
| $1.41M | 0.01% |
31,100
-800
| -3% | -$36.9K |
|
1440
Saia
SAIA
$10.1B
| $1.41M | 0.01% |
28,500
-400
| -1% | -$19K |
|
1441
Molina Healthcare
MOH
$10.7B
| $1.41M | 0.01% |
33,300
-500
| -1% | -$22.1K |
|
1442
Meritage Homes
MTH
$4.8B
| $1.41M | 0.01% |
79,400
-1,000
| -1% | -$20.1K |
|
1443
Selective Insurance
SIGI
$5.59B
| $1.41M | 0.01% |
63,500
-1,200
| -2% | -$28.3K |
|
1444
SouthState Bank Corp
SSB
$10.8B
| $1.41M | 0.01% |
25,121
+4,737
| +23% | +$280K |
|
1445
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $1.4M | 0.01% |
38,900
-600
| -2% | -$22K |
|
1446
Papa John's
PZZA
$804M
| $1.4M | 0.01% |
35,100
-1,000
| -3% | -$41K |
|
1447
Plexus
PLXS
$7.04B
| $1.4M | 0.01% |
38,000
-800
| -2% | -$32.4K |
|
|
GEVA
1448
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $1.4M | 0.01% |
20,400
-500
| -2% | -$35.8K |
|
1449
Korn Ferry
KFY
$4.36B
| $1.4M | 0.01% |
56,300
-1,000
| -2% | -$29.4K |
|
|
EXPR
1450
DELISTED
Express, Inc.
EXPR
| $1.4M | 0.01% |
4,475
-70
| -2% | -$22.3K |
|
Similar funds
Swiss National Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Swiss National Bank held 2,547 positions worth $26.1B, down 3.5% from $27B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 1.3%. Swiss National Bank opened 15 new positions and exited 18, leaving the 2,547-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q3 2014 buy was Weatherford International plc: 735,946 shares worth $15.3M.
- Swiss National Bank added most to Allergan plc in Q3 2014, an estimated $18.3M increase.
- Swiss National Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $23.7M.
- Swiss National Bank fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $23.5M.
- Swiss National Bank's ten largest holdings make up 14% of its $26.1B portfolio in Q3 2014.
- Swiss National Bank opened 15 new positions and closed 18 in Q3 2014.
- Swiss National Bank's portfolio value fell 3.5% quarter-over-quarter to $26.1B.
Based on Swiss National Bank's 13F filing for Q3 2014, filed 4 Nov 2014.