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 | |
|---|---|---|---|---|---|---|
1576
Dycom Industries
DY
$12.1B
| $840K | ﹤0.01% |
30,000
-1,500
| -5% | -$39.2K |
|
|
RDEN
1577
DELISTED
ELIZABETH ARDEN INC
RDEN
| $838K | ﹤0.01% |
22,700
-1,400
| -6% | -$54.9K |
|
|
AUQ
1578
DELISTED
AURICO GOLD INC COM
AUQ
| $838K | ﹤0.01% |
219,400
-15,600
| -7% | -$70.1K |
|
1579
Scansource
SCSC
$1.05B
| $837K | ﹤0.01% |
24,200
-1,300
| -5% | -$44.1K |
|
1580
WD-40
WDFC
$3.13B
| $837K | ﹤0.01% |
12,900
-800
| -6% | -$47.7K |
|
|
BSFT
1581
DELISTED
BroadSoft, Inc.
BSFT
| $836K | ﹤0.01% |
23,200
-1,300
| -5% | -$42.1K |
|
|
AREX
1582
DELISTED
Approach Resources Inc.
AREX
| $833K | ﹤0.01% |
31,700
-2,100
| -6% | -$53.2K |
|
|
AMCC
1583
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $833K | ﹤0.01% |
64,600
-2,600
| -4% | -$29.6K |
|
1584
Matthews International
MATW
$733M
| $830K | ﹤0.01% |
21,800
-1,400
| -6% | -$54.1K |
|
|
KAMN
1585
DELISTED
Kaman Corp
KAMN
| $829K | ﹤0.01% |
21,900
-1,000
| -4% | -$37.1K |
|
|
AWAY
1586
DELISTED
HOMEAWAY INC COM
AWAY
| $829K | ﹤0.01% |
29,600
-1,300
| -4% | -$40.3K |
|
|
MCP
1587
DELISTED
MOLYCORP INC COM STK
MCP
| $827K | ﹤0.01% |
126,000
+18,800
| +18% | +$126K |
|
|
IRC
1588
DELISTED
INLAND REAL ESTATE CORP
IRC
| $827K | ﹤0.01% |
80,800
+1,300
| +2% | +$13.4K |
|
|
ELGX
1589
DELISTED
Endologix Inc
ELGX
| $826K | ﹤0.01% |
5,120
| – | – |
|
1590
Otter Tail
OTTR
$3.96B
| $822K | ﹤0.01% |
29,800
-1,500
| -5% | -$43.2K |
|
|
TXI
1591
DELISTED
TEXAS INDUSTRIES INC
TXI
| $822K | ﹤0.01% |
12,400
-600
| -5% | -$37.7K |
|
|
RPT
1592
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $821K | ﹤0.01% |
53,300
-1,800
| -3% | -$27.6K |
|
|
SUSS
1593
DELISTED
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
| $819K | ﹤0.01% |
15,400
-1,100
| -7% | -$55K |
|
|
HPP
1594
Hudson Pacific Properties
HPP
$724M
| $817K | ﹤0.01% |
6,000
-229
| -4% | -$33.3K |
|
|
ARTC
1595
DELISTED
ARTHROCARE CORP
ARTC
| $811K | ﹤0.01% |
22,800
-1,200
| -5% | -$41.9K |
|
|
AHT
1596
Ashford Hospitality Trust
AHT
$20.3M
| $810K | ﹤0.01% |
105
-6
| -5% | -$44.6K |
|
|
RATE
1597
DELISTED
Bankrate Inc
RATE
| $810K | ﹤0.01% |
39,400
-2,500
| -6% | -$42.9K |
|
|
EXAM
1598
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $808K | ﹤0.01% |
31,100
-1,400
| -4% | -$32.8K |
|
1599
Park National Corp
PRK
$3.67B
| $807K | ﹤0.01% |
10,200
-600
| -6% | -$46.9K |
|
|
AEGN
1600
DELISTED
Aegion Corp
AEGN
| $807K | ﹤0.01% |
34,000
-1,700
| -5% | -$39.4K |
|
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.