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 | |
|---|---|---|---|---|---|---|
|
JE
1626
DELISTED
Just Energy Group Inc
JE
| $777K | ﹤0.01% |
3,697
-236
| -6% | -$51K |
|
1627
First Financial Bancorp
FFBC
$3.57B
| $775K | ﹤0.01% |
51,100
-2,800
| -5% | -$44K |
|
1628
Seaboard Corp
SEB
$3.99B
| $775K | ﹤0.01% |
282
-17
| -6% | -$47.6K |
|
1629
Greenlight Captial
GLRE
$503M
| $774K | ﹤0.01% |
27,200
-1,400
| -5% | -$37.9K |
|
|
MTOR
1630
DELISTED
MERITOR, Inc.
MTOR
| $774K | ﹤0.01% |
98,500
| – | – |
|
1631
Crocs
CROX
$6.31B
| $773K | ﹤0.01% |
56,800
-24,700
| -30% | -$358K |
|
|
XCO
1632
DELISTED
Exco Resources
XCO
| $772K | ﹤0.01% |
7,717
-418
| -5% | -$48.1K |
|
|
ABAX
1633
DELISTED
Abaxis Inc
ABAX
| $770K | ﹤0.01% |
18,300
-900
| -5% | -$39K |
|
1634
Apogee Enterprises
APOG
$904M
| $769K | ﹤0.01% |
25,900
-1,200
| -4% | -$33.1K |
|
|
CSGS
1635
DELISTED
CSG Systems International
CSGS
| $767K | ﹤0.01% |
30,600
-2,400
| -7% | -$57.8K |
|
1636
QuidelOrtho
QDEL
$959M
| $767K | ﹤0.01% |
27,000
-2,200
| -8% | -$60K |
|
|
CSR
1637
Centerspace
CSR
$920M
| $766K | ﹤0.01% |
9,290
-420
| -4% | -$35.8K |
|
1638
Sonic Automotive
SAH
$2.55B
| $766K | ﹤0.01% |
32,200
-3,700
| -10% | -$85.1K |
|
1639
STAG Industrial
STAG
$7.08B
| $765K | ﹤0.01% |
38,000
-2,000
| -5% | -$40.9K |
|
|
ACI
1640
DELISTED
ARCH COAL, INC.
ACI
| $765K | ﹤0.01% |
18,620
-1,010
| -5% | -$43.8K |
|
|
TNGO
1641
DELISTED
Tangoe, Inc.
TNGO
| $764K | ﹤0.01% |
32,000
| – | – |
|
1642
Insperity
NSP
$1.94B
| $763K | ﹤0.01% |
40,600
-2,800
| -6% | -$47.3K |
|
|
ININ
1643
DELISTED
Interactive Intelligence Group, inc.
ININ
| $762K | ﹤0.01% |
12,000
-500
| -4% | -$29.4K |
|
|
AEC
1644
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $762K | ﹤0.01% |
51,100
+1,700
| +3% | +$25.9K |
|
|
WLT
1645
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $762K | ﹤0.01% |
54,300
-2,900
| -5% | -$36.8K |
|
1646
Globus Medical
GMED
$11.4B
| $761K | ﹤0.01% |
43,600
-9,500
| -18% | -$164K |
|
1647
Harmonic Inc
HLIT
$1.24B
| $761K | ﹤0.01% |
98,900
-13,800
| -12% | -$102K |
|
1648
Federal Signal
FSS
$7.86B
| $759K | ﹤0.01% |
59,000
-3,800
| -6% | -$41.7K |
|
|
ZQK
1649
DELISTED
QUICKSILVER,INC.
ZQK
| $759K | ﹤0.01% |
107,900
-6,200
| -5% | -$38.7K |
|
1650
ESCO Technologies
ESE
$7.65B
| $758K | ﹤0.01% |
22,800
-1,200
| -5% | -$39.6K |
|
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.