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 | |
|---|---|---|---|---|---|---|
|
AXLL
1526
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $1.44M | ﹤0.01% |
91,800
+11,800
| +15% | +$316K |
|
|
MTOR
1527
DELISTED
MERITOR, Inc.
MTOR
| $1.44M | ﹤0.01% |
135,400
+14,700
| +12% | +$190K |
|
1528
Oxford Industries
OXM
$542M
| $1.43M | ﹤0.01% |
19,400
+2,600
| +15% | +$216K |
|
|
EXAM
1529
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $1.43M | ﹤0.01% |
49,000
+7,400
| +18% | +$255K |
|
1530
SPS Commerce
SPSC
$2.86B
| $1.43M | ﹤0.01% |
42,200
+5,800
| +16% | +$203K |
|
|
PEGI
1531
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $1.43M | ﹤0.01% |
74,900
+17,000
| +29% | +$401K |
|
|
BPFH
1532
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.43M | ﹤0.01% |
122,000
+25,500
| +26% | +$315K |
|
1533
Merit Medical Systems
MMSI
$5.4B
| $1.42M | ﹤0.01% |
59,500
+7,500
| +14% | +$177K |
|
|
CKH
1534
DELISTED
Seacor Holdings Inc.
CKH
| $1.42M | ﹤0.01% |
24,609
+3,102
| +14% | +$191K |
|
1535
Chord Energy
CHRD
$7.35B
| $1.42M | ﹤0.01% |
163,600
+24,800
| +18% | +$260K |
|
1536
Enerpac Tool Group
EPAC
$1.89B
| $1.42M | ﹤0.01% |
77,200
+6,200
| +9% | +$132K |
|
|
APOL
1537
DELISTED
Apollo Education Group Inc Class A
APOL
| $1.42M | ﹤0.01% |
128,000
+15,500
| +14% | +$190K |
|
|
RSPP
1538
DELISTED
RSP Permian, Inc.
RSPP
| $1.41M | ﹤0.01% |
69,700
+16,900
| +32% | +$399K |
|
1539
FirstService
FSV
$6.18B
| $1.41M | ﹤0.01% |
43,700
+5,500
| +14% | +$171K |
|
1540
Insmed
INSM
$27.6B
| $1.41M | ﹤0.01% |
75,800
+11,000
| +17% | +$275K |
|
|
UPL
1541
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $1.41M | ﹤0.01% |
220,097
+43,100
| +24% | +$341K |
|
1542
MasTec
MTZ
$23B
| $1.4M | ﹤0.01% |
88,700
+11,600
| +15% | +$202K |
|
1543
Alaunos Therapeutics
TCRT
$4.86M
| $1.4M | ﹤0.01% |
1,038
+201
| +24% | +$332K |
|
|
FCB
1544
DELISTED
FCB Financial Holdings, Inc.
FCB
| $1.4M | ﹤0.01% |
43,000
+5,700
| +15% | +$189K |
|
|
ASRT
1545
DELISTED
Assertio
ASRT
| $1.4M | ﹤0.01% |
1,240
+173
| +16% | +$295K |
|
1546
Franklin Electric
FELE
$4.68B
| $1.4M | ﹤0.01% |
51,400
+7,300
| +17% | +$209K |
|
1547
Innospec
IOSP
$2.31B
| $1.4M | ﹤0.01% |
30,100
+4,000
| +15% | +$183K |
|
1548
Buckle
BKE
$2.31B
| $1.4M | ﹤0.01% |
37,800
+5,300
| +16% | +$223K |
|
|
STOR
1549
DELISTED
STORE Capital Corporation
STOR
| $1.4M | ﹤0.01% |
67,600
+15,600
| +30% | +$325K |
|
|
ZLTQ
1550
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $1.4M | ﹤0.01% |
43,600
+6,300
| +17% | +$209K |
|
Similar funds
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.