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 | |
|---|---|---|---|---|---|---|
|
AUQ
1576
DELISTED
AURICO GOLD INC COM
AUQ
| $1.22M | ﹤0.01% |
278,600
+59,200
| +27% | +$275K |
|
1577
Rogers Corp
ROG
$2.41B
| $1.22M | ﹤0.01% |
19,500
+4,900
| +34% | +$297K |
|
|
OMG
1578
DELISTED
OM GROUP INC.
OMG
| $1.22M | ﹤0.01% |
36,600
+8,100
| +28% | +$272K |
|
1579
STAG Industrial
STAG
$7.08B
| $1.22M | ﹤0.01% |
50,400
+12,400
| +33% | +$277K |
|
|
FSP
1580
Franklin Street Properties
FSP
$45.8M
| $1.21M | ﹤0.01% |
96,100
+22,300
| +30% | +$271K |
|
|
RPT
1581
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.21M | ﹤0.01% |
74,200
+16,900
| +29% | +$271K |
|
|
MAGN
1582
Magnera Corp
MAGN
$444M
| $1.21M | ﹤0.01% |
3,408
+854
| +33% | +$323K |
|
|
BGG
1583
DELISTED
Briggs & Stratton Corp.
BGG
| $1.2M | ﹤0.01% |
54,100
+11,600
| +27% | +$253K |
|
1584
BGC Group
BGC
$4.83B
| $1.2M | ﹤0.01% |
285,965
+106,829
| +60% | +$454K |
|
1585
Hecla Mining
HL
$11.9B
| $1.2M | ﹤0.01% |
390,637
+85,900
| +28% | +$282K |
|
|
AKS
1586
DELISTED
AK Steel Holding Corp
AKS
| $1.2M | ﹤0.01% |
166,100
+34,500
| +26% | +$234K |
|
1587
Encore Capital Group
ECPG
$1.98B
| $1.2M | ﹤0.01% |
26,200
+6,000
| +30% | +$290K |
|
|
SNCR
1588
DELISTED
Synchronoss Technologies
SNCR
| $1.2M | ﹤0.01% |
3,878
+900
| +30% | +$259K |
|
|
FCH
1589
DELISTED
Felcor Lodging Trust
FCH
| $1.2M | ﹤0.01% |
132,200
+28,300
| +27% | +$241K |
|
|
ROIC
1590
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $1.19M | ﹤0.01% |
79,800
+18,000
| +29% | +$262K |
|
1591
Gentherm
THRM
$1.27B
| $1.19M | ﹤0.01% |
34,300
+9,400
| +38% | +$264K |
|
1592
Oaktree Specialty Lending
OCSL
$1.13B
| $1.19M | ﹤0.01% |
41,933
+6,800
| +19% | +$194K |
|
1593
UFP Industries
UFPI
$5.12B
| $1.19M | ﹤0.01% |
64,500
+15,300
| +31% | +$272K |
|
|
CODE
1594
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $1.19M | ﹤0.01% |
68,300
+15,100
| +28% | +$237K |
|
|
GK
1595
DELISTED
G&K Services Inc
GK
| $1.19M | ﹤0.01% |
19,400
+5,100
| +36% | +$313K |
|
1596
AAR Corp
AIR
$5.86B
| $1.19M | ﹤0.01% |
45,700
+9,800
| +27% | +$273K |
|
1597
Comstock Resources
CRK
$4.23B
| $1.18M | ﹤0.01% |
10,360
+2,220
| +27% | +$209K |
|
1598
Insight Enterprises
NSIT
$4.43B
| $1.18M | ﹤0.01% |
47,100
+10,000
| +27% | +$230K |
|
|
ININ
1599
DELISTED
Interactive Intelligence Group, inc.
ININ
| $1.18M | ﹤0.01% |
16,300
+4,300
| +36% | +$317K |
|
1600
First Financial Bancorp
FFBC
$3.57B
| $1.18M | ﹤0.01% |
65,500
+14,400
| +28% | +$247K |
|
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.