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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SN
1551
DELISTED
Sanchez Energy Corporation
SN
| $872K | ﹤0.01% |
33,000
+6,200
| +23% | +$147K |
|
1552
Caleres
CAL
$475M
| $871K | ﹤0.01% |
37,100
-1,700
| -4% | -$39.6K |
|
|
RTI
1553
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $871K | ﹤0.01% |
27,200
-900
| -3% | -$28K |
|
|
HERO
1554
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $869K | ﹤0.01% |
117,900
-6,100
| -5% | -$44.5K |
|
1555
Hercules Capital
HTGC
$3.12B
| $868K | ﹤0.01% |
56,900
-1,900
| -3% | -$27.5K |
|
1556
Rogers Corp
ROG
$2.41B
| $868K | ﹤0.01% |
14,600
-700
| -5% | -$38.3K |
|
1557
First Citizens BancShares
FCNCA
$25.4B
| $864K | ﹤0.01% |
4,200
+500
| +14% | +$103K |
|
|
GK
1558
DELISTED
G&K Services Inc
GK
| $864K | ﹤0.01% |
14,300
-700
| -5% | -$37.7K |
|
|
HT
1559
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $862K | ﹤0.01% |
38,550
-1,600
| -4% | -$35.9K |
|
1560
Albany International
AIN
$1.79B
| $861K | ﹤0.01% |
24,000
-1,200
| -5% | -$41.5K |
|
|
LCC
1561
DELISTED
US AIRWAYS GROUP INC.
LCC
| $859K | ﹤0.01% |
45,300
+6,900
| +18% | +$122K |
|
1562
SPS Commerce
SPSC
$2.7B
| $857K | ﹤0.01% |
25,600
-400
| -2% | -$12.7K |
|
|
BGG
1563
DELISTED
Briggs & Stratton Corp.
BGG
| $855K | ﹤0.01% |
42,500
-3,400
| -7% | -$68.6K |
|
|
GTAT
1564
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $853K | ﹤0.01% |
100,200
+21,700
| +28% | +$129K |
|
1565
LCI Industries
LCII
$2.61B
| $852K | ﹤0.01% |
18,700
-1,100
| -6% | -$46.5K |
|
1566
Geospace Technologies
GEOS
$69.2M
| $851K | ﹤0.01% |
10,100
-600
| -6% | -$44.7K |
|
1567
Oxford Industries
OXM
$542M
| $850K | ﹤0.01% |
12,500
-1,000
| -7% | -$66.1K |
|
|
NXGN
1568
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $850K | ﹤0.01% |
39,100
-2,300
| -6% | -$49.1K |
|
1569
Boyd Gaming
BYD
$5.98B
| $845K | ﹤0.01% |
59,700
+6,900
| +13% | +$84.7K |
|
|
TBI
1570
Trueblue
TBI
$310M
| $845K | ﹤0.01% |
35,200
-3,300
| -9% | -$82.4K |
|
|
SLCA
1571
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $845K | ﹤0.01% |
33,950
+6,700
| +25% | +$156K |
|
|
WBMD
1572
DELISTED
WebMD Health Corp.
WBMD
| $843K | ﹤0.01% |
29,477
-3,123
| -10% | -$97.4K |
|
|
VIVO
1573
DELISTED
Meridian Bioscience Inc
VIVO
| $842K | ﹤0.01% |
35,600
-1,900
| -5% | -$44.4K |
|
1574
G-III Apparel Group
GIII
$1.44B
| $841K | ﹤0.01% |
30,800
-2,400
| -7% | -$61.1K |
|
|
AVTA
1575
DELISTED
Avantax, Inc. Common Stock
AVTA
| $841K | ﹤0.01% |
36,600
-2,200
| -6% | -$45.8K |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.
- Swiss National Bank's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.