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 | |
|---|---|---|---|---|---|---|
|
CSR
1651
Centerspace
CSR
$920M
| $1.09M | ﹤0.01% |
12,190
+2,670
| +28% | +$230K |
|
|
PPP
1652
DELISTED
Primero Mining Corp
PPP
| $1.09M | ﹤0.01% |
150,700
+85,500
| +131% | +$527K |
|
1653
Wabash National
WNC
$505M
| $1.09M | ﹤0.01% |
79,500
+17,400
| +28% | +$233K |
|
|
IRC
1654
DELISTED
INLAND REAL ESTATE CORP
IRC
| $1.09M | ﹤0.01% |
103,700
+22,900
| +28% | +$240K |
|
1655
8x8 Inc
EGHT
$309M
| $1.09M | ﹤0.01% |
101,000
+21,300
| +27% | +$224K |
|
|
TUMI
1656
DELISTED
TUMI HLDGS INC COM
TUMI
| $1.09M | ﹤0.01% |
48,200
+11,100
| +30% | +$239K |
|
|
HW
1657
DELISTED
Headwaters Inc
HW
| $1.09M | ﹤0.01% |
82,500
+18,500
| +29% | +$221K |
|
|
SNBR
1658
DELISTED
Sleep Number
SNBR
| $1.08M | ﹤0.01% |
60,000
+13,700
| +30% | +$238K |
|
1659
Smith & Wesson
SWBI
$638M
| $1.08M | ﹤0.01% |
96,534
+19,385
| +25% | +$200K |
|
|
JBTM
1660
JBT Marel
JBTM
$6.32B
| $1.08M | ﹤0.01% |
35,100
+7,400
| +27% | +$226K |
|
|
PVA
1661
DELISTED
PENN VIRGINIA CORP
PVA
| $1.08M | ﹤0.01% |
61,900
+10,900
| +21% | +$145K |
|
|
AIMC
1662
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.08M | ﹤0.01% |
30,200
+6,800
| +29% | +$233K |
|
|
RATE
1663
DELISTED
Bankrate Inc
RATE
| $1.08M | ﹤0.01% |
63,500
+24,100
| +61% | +$422K |
|
1664
Red Robin
RRGB
$145M
| $1.07M | ﹤0.01% |
15,000
+3,400
| +29% | +$239K |
|
1665
SPS Commerce
SPSC
$2.7B
| $1.07M | ﹤0.01% |
35,000
+8,000
| +30% | +$262K |
|
|
ZINC
1666
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $1.07M | ﹤0.01% |
63,900
+13,200
| +26% | +$219K |
|
1667
Advanced Energy
AEIS
$13.1B
| $1.07M | ﹤0.01% |
43,800
+10,000
| +30% | +$261K |
|
1668
DXP Enterprises
DXPE
$3.03B
| $1.07M | ﹤0.01% |
11,300
+2,600
| +30% | +$262K |
|
1669
eHealth
EHTH
$39.1M
| $1.07M | ﹤0.01% |
21,100
+4,300
| +26% | +$224K |
|
1670
Kulicke & Soffa
KLIC
$4.76B
| $1.07M | ﹤0.01% |
84,900
+19,600
| +30% | +$233K |
|
1671
NBT Bancorp
NBTB
$2.75B
| $1.07M | ﹤0.01% |
43,700
+10,100
| +30% | +$244K |
|
1672
Comscore
SCOR
$108M
| $1.06M | ﹤0.01% |
1,620
+405
| +33% | +$244K |
|
|
AEGR
1673
DELISTED
Aegerion Pharmaceuticals
AEGR
| $1.06M | ﹤0.01% |
23,000
+5,300
| +30% | +$311K |
|
|
STL
1674
DELISTED
Sterling Bancorp
STL
| $1.06M | ﹤0.01% |
83,552
+18,600
| +29% | +$236K |
|
|
AJRD
1675
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.06M | ﹤0.01% |
57,800
+12,600
| +28% | +$230K |
|
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.