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 | |
|---|---|---|---|---|---|---|
|
AAT
1501
American Assets Trust
AAT
$1.38B
| $1.35M | 0.01% |
39,900
+8,500
| +27% | +$278K |
|
1502
Crocs
CROX
$6.29B
| $1.34M | 0.01% |
86,100
+27,400
| +47% | +$419K |
|
|
CMD
1503
DELISTED
Cantel Medical Corporation
CMD
| $1.34M | 0.01% |
39,750
+8,900
| +29% | +$294K |
|
1504
Northwest Natural Holdings
NWN
$2.11B
| $1.33M | 0.01% |
30,300
+6,900
| +29% | +$291K |
|
|
HNGR
1505
DELISTED
Hanger Inc.
HNGR
| $1.33M | 0.01% |
39,600
+8,900
| +29% | +$322K |
|
|
EGOV
1506
DELISTED
NIC Inc
EGOV
| $1.33M | 0.01% |
68,900
+15,700
| +30% | +$327K |
|
|
PEI
1507
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.33M | 0.01% |
4,913
+1,126
| +30% | +$313K |
|
1508
Horace Mann Educators
HMN
$2.1B
| $1.32M | 0.01% |
45,700
+10,600
| +30% | +$306K |
|
1509
LCI Industries
LCII
$2.59B
| $1.32M | 0.01% |
24,400
+5,400
| +28% | +$272K |
|
1510
Nelnet
NNI
$4.47B
| $1.32M | 0.01% |
32,200
+7,000
| +28% | +$276K |
|
1511
Stepan Co
SCL
$1.46B
| $1.32M | 0.01% |
20,400
+5,000
| +32% | +$314K |
|
1512
TFS Financial
TFSL
$4.9B
| $1.32M | 0.01% |
105,900
+23,000
| +28% | +$273K |
|
1513
Churchill Downs
CHDN
$6.16B
| $1.31M | 0.01% |
86,400
+20,400
| +31% | +$312K |
|
|
RAVN
1514
DELISTED
Raven Industries Inc
RAVN
| $1.31M | 0.01% |
40,100
+9,300
| +30% | +$339K |
|
|
DMC
1515
Del Monte Corp
DMC
$1.43B
| $1.31M | 0.01% |
47,500
+9,600
| +25% | +$259K |
|
1516
Marriott Vacations Worldwide
VAC
$4.02B
| $1.31M | 0.01% |
23,400
+5,400
| +30% | +$279K |
|
1517
Heartland Express
HTLD
$916M
| $1.31M | 0.01% |
57,600
+11,700
| +25% | +$245K |
|
|
CIR
1518
DELISTED
CIRCOR International, Inc
CIR
| $1.3M | 0.01% |
17,800
+4,100
| +30% | +$306K |
|
1519
Axos Financial
AX
$5.67B
| $1.3M | 0.01% |
60,800
+12,000
| +25% | +$258K |
|
|
SN
1520
DELISTED
Sanchez Energy Corporation
SN
| $1.3M | 0.01% |
43,900
+10,900
| +33% | +$304K |
|
|
EPL
1521
DELISTED
EPL OIL & GAS, INC COMMON STK
EPL
| $1.3M | 0.01% |
33,700
+7,400
| +28% | +$226K |
|
1522
Atlantic Union Bankshares
AUB
$6.02B
| $1.3M | 0.01% |
51,058
+27,158
| +114% | +$674K |
|
|
HF
1523
DELISTED
HFF Inc.
HF
| $1.3M | 0.01% |
38,600
+6,531
| +20% | +$197K |
|
1524
AZZ Inc
AZZ
$4.65B
| $1.3M | 0.01% |
29,000
+6,500
| +29% | +$281K |
|
|
TYPE
1525
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.3M | 0.01% |
43,000
+9,800
| +30% | +$294K |
|
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.