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 | |
|---|---|---|---|---|---|---|
1601
Strategy Inc
MSTR
$37.8B
| $1.18M | ﹤0.01% |
102,000
+23,000
| +29% | +$287K |
|
1602
Protolabs
PRLB
$2.16B
| $1.18M | ﹤0.01% |
17,400
+4,000
| +30% | +$298K |
|
|
GZT
1603
DELISTED
Gazit-globe Ltd
GZT
| $1.18M | ﹤0.01% |
91,251
+18,700
| +26% | +$241K |
|
1604
Otter Tail
OTTR
$3.96B
| $1.17M | ﹤0.01% |
38,100
+8,300
| +28% | +$245K |
|
|
IGTE
1605
DELISTED
IGATE CORPORATION
IGTE
| $1.17M | ﹤0.01% |
37,200
+8,300
| +29% | +$286K |
|
1606
TETRA Technologies
TTI
$1.31B
| $1.17M | ﹤0.01% |
91,600
+20,300
| +28% | +$235K |
|
|
WAC
1607
DELISTED
Walter Investment Mgt Corp
WAC
| $1.17M | ﹤0.01% |
39,300
+9,000
| +30% | +$270K |
|
1608
Delek US
DK
$3.92B
| $1.17M | ﹤0.01% |
40,300
+9,200
| +30% | +$278K |
|
|
HT
1609
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.17M | ﹤0.01% |
50,075
+11,525
| +30% | +$257K |
|
|
SHLM
1610
DELISTED
Schulman (A.) Inc
SHLM
| $1.16M | ﹤0.01% |
32,100
+7,200
| +29% | +$247K |
|
1611
Matthews International
MATW
$733M
| $1.16M | ﹤0.01% |
28,500
+6,700
| +31% | +$276K |
|
|
MEAS
1612
DELISTED
MEASUREMENT SPECIALTIES INC
MEAS
| $1.16M | ﹤0.01% |
17,100
+4,100
| +32% | +$246K |
|
|
KKD
1613
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $1.16M | ﹤0.01% |
65,400
+15,100
| +30% | +$280K |
|
1614
Omnicell
OMCL
$1.68B
| $1.16M | ﹤0.01% |
40,500
+9,800
| +32% | +$268K |
|
|
EXAS
1615
DELISTED
Exact Sciences
EXAS
| $1.16M | ﹤0.01% |
81,700
+18,700
| +30% | +$253K |
|
|
CCMP
1616
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $1.16M | ﹤0.01% |
26,300
+6,200
| +31% | +$271K |
|
|
ACI
1617
DELISTED
ARCH COAL, INC.
ACI
| $1.16M | ﹤0.01% |
23,990
+5,370
| +29% | +$230K |
|
|
NPKI
1618
NPK International
NPKI
$1.18B
| $1.15M | ﹤0.01% |
100,800
+21,500
| +27% | +$246K |
|
1619
Sabra Healthcare REIT
SBRA
$5.07B
| $1.15M | ﹤0.01% |
41,300
+9,900
| +32% | +$272K |
|
1620
Boise Cascade
BCC
$2.98B
| $1.15M | ﹤0.01% |
40,200
+12,100
| +43% | +$358K |
|
1621
Greenlight Captial
GLRE
$503M
| $1.15M | ﹤0.01% |
35,000
+7,800
| +29% | +$252K |
|
1622
Primoris Services
PRIM
$4.42B
| $1.15M | ﹤0.01% |
38,200
+8,500
| +29% | +$269K |
|
1623
Provident Financial Services
PFS
$3.23B
| $1.14M | ﹤0.01% |
62,300
+13,800
| +28% | +$250K |
|
|
CUB
1624
DELISTED
Cubic Corporation
CUB
| $1.14M | ﹤0.01% |
22,400
+5,100
| +29% | +$264K |
|
|
KAMN
1625
DELISTED
Kaman Corp
KAMN
| $1.14M | ﹤0.01% |
28,100
+6,200
| +28% | +$246K |
|
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.