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 | |
|---|---|---|---|---|---|---|
|
CCC
1476
DELISTED
Calgon Carbon Corp
CCC
| $1.41M | 0.01% |
64,600
+14,100
| +28% | +$288K |
|
|
ENLC
1477
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.41M | 0.01% |
41,523
+10,800
| +35% | +$400K |
|
|
DYAX
1478
DELISTED
DYAX CORPORATION
DYAX
| $1.41M | 0.01% |
156,900
+42,800
| +38% | +$389K |
|
|
CIVI
1479
DELISTED
Civitas Resources
CIVI
| $1.41M | 0.01% |
284
+64
| +29% | +$321K |
|
1480
Cirrus Logic
CRUS
$6.3B
| $1.41M | 0.01% |
70,800
+16,100
| +29% | +$307K |
|
1481
WisdomTree
WT
$3.39B
| $1.41M | 0.01% |
107,200
+25,200
| +31% | +$385K |
|
1482
Interactive Brokers
IBKR
$41.2B
| $1.4M | 0.01% |
258,800
+82,400
| +47% | +$456K |
|
|
AF
1483
DELISTED
Astoria Financial Corporation
AF
| $1.4M | 0.01% |
101,200
+22,400
| +28% | +$306K |
|
|
CMO
1484
DELISTED
Capstead Mortgage Corp.
CMO
| $1.4M | 0.01% |
110,500
+24,300
| +28% | +$307K |
|
1485
Dine Brands
DIN
$454M
| $1.4M | 0.01% |
17,900
+4,000
| +29% | +$323K |
|
1486
Universal Corp
UVV
$1.14B
| $1.4M | 0.01% |
25,000
+5,800
| +30% | +$317K |
|
1487
Bright Horizons
BFAM
$3.72B
| $1.4M | 0.01% |
35,700
+18,500
| +108% | +$706K |
|
|
EXPR
1488
DELISTED
Express, Inc.
EXPR
| $1.39M | 0.01% |
4,385
+960
| +28% | +$337K |
|
|
MRH
1489
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $1.39M | 0.01% |
46,600
+9,200
| +25% | +$261K |
|
|
TBI
1490
Trueblue
TBI
$313M
| $1.38M | 0.01% |
47,200
+10,200
| +28% | +$274K |
|
1491
Ligand Pharmaceuticals
LGND
$5.79B
| $1.37M | 0.01% |
32,701
+7,534
| +30% | +$314K |
|
|
CAA
1492
DELISTED
CalAtlantic Group, Inc.
CAA
| $1.37M | 0.01% |
32,940
+7,820
| +31% | +$339K |
|
|
IPHS
1493
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.37M | 0.01% |
24,100
+5,600
| +30% | +$288K |
|
1494
Rambus
RMBS
$11B
| $1.36M | 0.01% |
126,300
+27,600
| +28% | +$259K |
|
|
ARGO
1495
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.35M | 0.01% |
41,091
+8,766
| +27% | +$284K |
|
1496
HEICO Corp
HEI
$51.3B
| $1.35M | 0.01% |
54,871
+12,452
| +29% | +$296K |
|
|
SGMO
1497
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.35M | 0.01% |
74,760
+19,360
| +35% | +$373K |
|
1498
Neurocrine Biosciences
NBIX
$15.8B
| $1.35M | 0.01% |
83,900
+24,500
| +41% | +$419K |
|
|
ACO
1499
DELISTED
AMCOL International Corp
ACO
| $1.35M | 0.01% |
29,500
+6,600
| +29% | +$266K |
|
1500
California Water Service
CWT
$3.08B
| $1.35M | 0.01% |
56,400
+12,100
| +27% | +$278K |
|
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.