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 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
AZZ Inc
AZZ
$4.52B
| $1.67M | ﹤0.01% |
34,300
+4,300
| +14% | +$221K |
|
1427
Brink's
BCO
$4.72B
| $1.67M | ﹤0.01% |
61,800
+8,100
| +15% | +$233K |
|
1428
Olin
OLN
$2.17B
| $1.67M | ﹤0.01% |
99,300
+12,400
| +14% | +$262K |
|
|
SWC
1429
DELISTED
Stillwater Mining Co
SWC
| $1.66M | ﹤0.01% |
160,700
+20,400
| +15% | +$195K |
|
1430
Ormat Technologies
ORA
$6.98B
| $1.66M | ﹤0.01% |
48,734
+6,300
| +15% | +$233K |
|
|
AIRM
1431
DELISTED
Air Methods Corp
AIRM
| $1.66M | ﹤0.01% |
48,600
+6,300
| +15% | +$243K |
|
1432
3D Systems Corp
DDD
$601M
| $1.66M | ﹤0.01% |
143,250
+18,300
| +15% | +$254K |
|
|
PCH
1433
DELISTED
PotlatchDeltic
PCH
| $1.65M | ﹤0.01% |
57,400
+11,800
| +26% | +$395K |
|
1434
Progress Software
PRGS
$1.83B
| $1.65M | ﹤0.01% |
64,000
+6,300
| +11% | +$178K |
|
1435
Northwest Natural Holdings
NWN
$2.14B
| $1.65M | ﹤0.01% |
36,000
+4,600
| +15% | +$202K |
|
|
FLOW
1436
DELISTED
SPX FLOW, Inc.
FLOW
| $1.65M | ﹤0.01% |
+47,918
| New | +$1.63M |
|
1437
Viavi Solutions
VIAV
$10.6B
| $1.64M | ﹤0.01% |
306,100
-160,825
| -34% | -$943K |
|
|
ESND
1438
DELISTED
Essendant Inc.
ESND
| $1.64M | ﹤0.01% |
50,600
+6,200
| +14% | +$219K |
|
|
RPT
1439
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.64M | ﹤0.01% |
109,100
+14,400
| +15% | +$233K |
|
|
MYCC
1440
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $1.64M | ﹤0.01% |
76,194
+17,800
| +30% | +$411K |
|
1441
Mueller Water Products
MWA
$3.98B
| $1.63M | ﹤0.01% |
212,900
+27,100
| +15% | +$232K |
|
|
COHR
1442
DELISTED
Coherent Inc
COHR
| $1.63M | ﹤0.01% |
29,800
+3,300
| +12% | +$193K |
|
1443
Itron
ITRI
$4.5B
| $1.63M | ﹤0.01% |
51,000
+7,000
| +16% | +$218K |
|
1444
LCI Industries
LCII
$2.6B
| $1.63M | ﹤0.01% |
29,800
+4,100
| +16% | +$231K |
|
|
MRC
1445
DELISTED
MRC Global
MRC
| $1.63M | ﹤0.01% |
145,749
+18,000
| +14% | +$235K |
|
|
AXON
1446
Axon Enterprise
AXON
$50B
| $1.62M | ﹤0.01% |
73,700
+9,800
| +15% | +$259K |
|
|
SNCR
1447
DELISTED
Synchronoss Technologies
SNCR
| $1.61M | ﹤0.01% |
5,467
+700
| +15% | +$271K |
|
1448
Artisan Partners
APAM
$3.03B
| $1.61M | ﹤0.01% |
45,600
+6,300
| +16% | +$272K |
|
|
BNCL
1449
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.6M | ﹤0.01% |
121,054
+14,800
| +14% | +$189K |
|
|
PMCS
1450
DELISTED
P M C SIERRA INC
PMCS
| $1.6M | ﹤0.01% |
237,100
+26,200
| +12% | +$178K |
|
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Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.