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
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Brink's
BCO
$4.72B
| $1.58M | ﹤0.01% |
53,700
| – | – |
|
1477
PTC Therapeutics
PTCT
$6.01B
| $1.58M | ﹤0.01% |
32,765
+9,165
| +39% | +$535K |
|
|
EXPR
1478
DELISTED
Express, Inc.
EXPR
| $1.57M | ﹤0.01% |
4,345
-235
| -5% | -$82.1K |
|
1479
Omnicell
OMCL
$1.72B
| $1.57M | ﹤0.01% |
41,600
+1,100
| +3% | +$40.1K |
|
1480
TFS Financial
TFSL
$4.93B
| $1.57M | ﹤0.01% |
93,300
-11,600
| -11% | -$174K |
|
1481
United Parks & Resorts
PRKS
$2.04B
| $1.57M | ﹤0.01% |
85,100
+6,800
| +9% | +$141K |
|
|
CMBT
1482
CMB.TECH NV
CMBT
$4.92B
| $1.57M | ﹤0.01% |
+106,276
| New | +$1.48M |
|
|
FOE
1483
DELISTED
Ferro Corporation
FOE
| $1.56M | ﹤0.01% |
93,100
| – | – |
|
1484
La-Z-Boy
LZB
$1.67B
| $1.56M | ﹤0.01% |
59,100
| – | – |
|
1485
TriMas Corp
TRS
$1.39B
| $1.56M | ﹤0.01% |
66,013
| – | – |
|
|
GOV
1486
DELISTED
Government Properties Income Trust
GOV
| $1.56M | ﹤0.01% |
83,900
| – | – |
|
1487
MGE Energy Inc
MGEE
$3.06B
| $1.55M | ﹤0.01% |
40,150
| – | – |
|
1488
AZZ Inc
AZZ
$4.52B
| $1.55M | ﹤0.01% |
30,000
+900
| +3% | +$43.8K |
|
|
TFM
1489
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $1.55M | ﹤0.01% |
48,300
+3,000
| +7% | +$105K |
|
1490
Caleres
CAL
$461M
| $1.55M | ﹤0.01% |
48,800
| – | – |
|
|
AAT
1491
American Assets Trust
AAT
$1.41B
| $1.55M | ﹤0.01% |
39,500
-3,200
| -7% | -$130K |
|
|
RPT
1492
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.55M | ﹤0.01% |
94,700
+10,200
| +12% | +$178K |
|
1493
Westamerica Bancorp
WABC
$1.39B
| $1.54M | ﹤0.01% |
30,500
+500
| +2% | +$23K |
|
|
LTXB
1494
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $1.54M | ﹤0.01% |
51,100
+7,700
| +18% | +$202K |
|
|
GK
1495
DELISTED
G&K Services Inc
GK
| $1.54M | ﹤0.01% |
22,300
| – | – |
|
|
FINL
1496
DELISTED
Finish Line
FINL
| $1.54M | ﹤0.01% |
55,400
| – | – |
|
|
HW
1497
DELISTED
Headwaters Inc
HW
| $1.54M | ﹤0.01% |
84,600
| – | – |
|
|
MEG
1498
DELISTED
Media General, Inc
MEG
| $1.54M | ﹤0.01% |
93,300
+13,300
| +17% | +$221K |
|
|
NGD
1499
DELISTED
New Gold Inc
NGD
| $1.54M | ﹤0.01% |
570,162
-3,854,938
| -87% | -$12.6M |
|
|
TVPT
1500
DELISTED
Travelport Worldwide Limited
TVPT
| $1.53M | ﹤0.01% |
+111,400
| New | +$1.72M |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.