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 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IPCC
1651
DELISTED
Infinity Property & Casualty C
IPCC
| $1.22M | ﹤0.01% |
15,100
+1,900
| +14% | +$148K |
|
1652
RingCentral
RNG
$5.66B
| $1.21M | ﹤0.01% |
66,700
+10,100
| +18% | +$184K |
|
1653
Encore Capital Group
ECPG
$2.15B
| $1.21M | ﹤0.01% |
32,700
+4,400
| +16% | +$180K |
|
|
TWOU
1654
DELISTED
2U Inc
TWOU
| $1.21M | ﹤0.01% |
1,123
+400
| +55% | +$412K |
|
|
ZEN
1655
DELISTED
ZENDESK INC
ZEN
| $1.21M | ﹤0.01% |
61,400
+9,100
| +17% | +$191K |
|
1656
BJ's Restaurants
BJRI
$1.42B
| $1.21M | ﹤0.01% |
28,000
+3,200
| +13% | +$150K |
|
|
ARI
1657
Apollo Commercial Real Estate
ARI
$886M
| $1.2M | ﹤0.01% |
76,640
+10,200
| +15% | +$170K |
|
1658
Federal Signal
FSS
$7.51B
| $1.2M | ﹤0.01% |
87,300
+10,300
| +13% | +$146K |
|
1659
Enpro
NPO
$7.12B
| $1.2M | ﹤0.01% |
30,500
+2,700
| +10% | +$131K |
|
|
FINL
1660
DELISTED
Finish Line
FINL
| $1.2M | ﹤0.01% |
61,900
+6,500
| +12% | +$172K |
|
|
EDE
1661
DELISTED
Empire District Electric
EDE
| $1.19M | ﹤0.01% |
54,200
+7,500
| +16% | +$167K |
|
1662
Coca-Cola Consolidated
COKE
$12.7B
| $1.19M | ﹤0.01% |
61,650
+8,000
| +15% | +$130K |
|
|
SFR
1663
DELISTED
Starwood Waypoint Homes
SFR
| $1.19M | ﹤0.01% |
50,040
+6,700
| +15% | +$164K |
|
1664
Otter Tail
OTTR
$3.9B
| $1.19M | ﹤0.01% |
45,700
+5,700
| +14% | +$151K |
|
1665
Cato Corp
CATO
$66.7M
| $1.19M | ﹤0.01% |
34,900
+4,500
| +15% | +$164K |
|
|
SYKE
1666
DELISTED
SYKES Enterprises Inc
SYKE
| $1.19M | ﹤0.01% |
46,600
+6,600
| +17% | +$165K |
|
1667
Andersons Inc
ANDE
$2.21B
| $1.19M | ﹤0.01% |
34,850
+4,500
| +15% | +$161K |
|
|
KAMN
1668
DELISTED
Kaman Corp
KAMN
| $1.19M | ﹤0.01% |
33,100
+4,400
| +15% | +$172K |
|
1669
Shenandoah Telecom
SHEN
$744M
| $1.18M | ﹤0.01% |
55,200
+7,800
| +16% | +$148K |
|
1670
Lindsay Corp
LNN
$1.17B
| $1.18M | ﹤0.01% |
17,400
+1,600
| +10% | +$127K |
|
|
GZT
1671
DELISTED
Gazit-globe Ltd
GZT
| $1.18M | ﹤0.01% |
117,851
+14,781
| +14% | +$166K |
|
|
MKTO
1672
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $1.18M | ﹤0.01% |
41,400
+6,000
| +17% | +$169K |
|
|
NXTM
1673
DELISTED
NxStage Medical Inc.
NXTM
| $1.18M | ﹤0.01% |
74,500
+9,400
| +14% | +$151K |
|
|
DMND
1674
DELISTED
DIAMOND FOODS, INC.
DMND
| $1.17M | ﹤0.01% |
38,000
+4,500
| +13% | +$141K |
|
|
XOOM
1675
DELISTED
XOOM CORP COM
XOOM
| $1.17M | ﹤0.01% |
47,156
+11,356
| +32% | +$282K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.