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 | |
|---|---|---|---|---|---|---|
126
MetLife
MET
$62.2B
| $50.3M | 0.19% |
1,051,354
-28,836
| -3% | -$1.4M |
|
127
McCormick & Company Non-Voting
MKC
$14.3B
| $50.3M | 0.19% |
1,503,296
-33,600
| -2% | -$1.16M |
|
128
Hershey
HSY
$36.3B
| $50.1M | 0.19% |
525,326
-12,100
| -2% | -$1.12M |
|
|
APC
129
DELISTED
Anadarko Petroleum
APC
| $49.6M | 0.19% |
488,905
-2,075
| -0.4% | -$224K |
|
130
Texas Instruments
TXN
$260B
| $49.4M | 0.19% |
1,036,194
-20,500
| -2% | -$983K |
|
131
Simon Property Group
SPG
$71.4B
| $49.1M | 0.19% |
298,898
-7,400
| -2% | -$1.25M |
|
|
SRCL
132
DELISTED
Stericycle Inc
SRCL
| $49.1M | 0.19% |
421,464
-9,200
| -2% | -$1.09M |
|
133
Hormel Foods
HRL
$13.7B
| $49.1M | 0.19% |
1,909,794
-29,400
| -2% | -$717K |
|
134
LyondellBasell Industries
LYB
$19.6B
| $48.8M | 0.19% |
449,274
-14,500
| -3% | -$1.57M |
|
|
TFCFA
135
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $48.3M | 0.19% |
1,409,099
-43,200
| -3% | -$1.49M |
|
136
Arch Capital
ACGL
$33.6B
| $48.3M | 0.19% |
2,645,598
-38,400
| -1% | -$708K |
|
137
Ovintiv
OVV
$17B
| $47.7M | 0.18% |
448,940
-18,140
| -4% | -$2M |
|
138
Lockheed Martin
LMT
$137B
| $47.6M | 0.18% |
260,674
-5,600
| -2% | -$953K |
|
|
QGENF
139
DELISTED
QIAGEN NV
QGENF
| $47.4M | 0.18% |
2,082,616
+24,699
| +1% | +$562K |
|
|
FISV
140
Fiserv Inc
FISV
$28B
| $47.1M | 0.18% |
1,457,544
-52,200
| -3% | -$1.65M |
|
141
Thermo Fisher Scientific
TMO
$220B
| $46.3M | 0.18% |
380,232
-1,600
| -0.4% | -$195K |
|
142
Danaher
DHR
$144B
| $45.8M | 0.18% |
897,526
-13,985
| -2% | -$719K |
|
143
Dollar General
DG
$27.3B
| $45.1M | 0.17% |
737,725
-33,900
| -4% | -$2.03M |
|
|
AUY
144
DELISTED
Yamana Gold, Inc.
AUY
| $45M | 0.17% |
7,493,248
-172,300
| -2% | -$1.37M |
|
145
Phillips 66
PSX
$84B
| $44.6M | 0.17% |
548,914
-23,800
| -4% | -$1.98M |
|
|
VRN
146
DELISTED
Veren
VRN
| $44.2M | 0.17% |
1,323,612
-70,711
| -5% | -$2.61M |
|
147
FedEx
FDX
$75.6B
| $44.2M | 0.17% |
273,868
-15,200
| -5% | -$2.31M |
|
|
CNH
148
CNH Industrial
CNH
$17.2B
| $44.2M | 0.17% |
6,381,543
+359,621
| +6% | +$2.75M |
|
|
RAI
149
DELISTED
Reynolds American Inc
RAI
| $44.2M | 0.17% |
1,496,694
-27,200
| -2% | -$791K |
|
150
Emerson Electric
EMR
$87.9B
| $42.1M | 0.16% |
673,073
-12,100
| -2% | -$786K |
|
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.