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 | |
|---|---|---|---|---|---|---|
|
TPC
1676
Tutor Perini Cor
TPC
$5.13B
| $729K | ﹤0.01% |
34,200
-2,500
| -7% | -$48.3K |
|
|
HEES
1677
DELISTED
H&E Equipment Services
HEES
| $728K | ﹤0.01% |
27,400
-1,800
| -6% | -$42.8K |
|
|
AJRD
1678
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $725K | ﹤0.01% |
45,200
-3,800
| -8% | -$62.3K |
|
1679
Wabash National
WNC
$505M
| $724K | ﹤0.01% |
62,100
-3,300
| -5% | -$35.6K |
|
1680
Sabra Healthcare REIT
SBRA
$5.07B
| $723K | ﹤0.01% |
31,400
-1,600
| -5% | -$39.4K |
|
|
GRP.U
1681
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $722K | ﹤0.01% |
20,100
-1,400
| -7% | -$48.5K |
|
1682
Integra LifeSciences
IART
$1.35B
| $720K | ﹤0.01% |
43,792
-3,914
| -8% | -$62.8K |
|
|
ISCA
1683
DELISTED
International Speedway Corp
ISCA
| $720K | ﹤0.01% |
22,300
-1,200
| -5% | -$39.5K |
|
|
AXON
1684
Axon Enterprise
AXON
$51.7B
| $719K | ﹤0.01% |
48,200
+5,100
| +12% | +$54.8K |
|
|
LORL
1685
DELISTED
Loral Space and Communications, Inc.
LORL
| $718K | ﹤0.01% |
10,600
-500
| -5% | -$32.4K |
|
1686
8x8 Inc
EGHT
$309M
| $717K | ﹤0.01% |
71,200
-4,000
| -5% | -$37.4K |
|
1687
Quaker Houghton
KWR
$2.94B
| $716K | ﹤0.01% |
9,800
-500
| -5% | -$33.8K |
|
1688
EXL Service
EXLS
$5.29B
| $714K | ﹤0.01% |
125,390
-6,000
| -5% | -$34.3K |
|
1689
OFG Bancorp
OFG
$2.22B
| $709K | ﹤0.01% |
43,800
-2,100
| -5% | -$37.6K |
|
1690
Renasant Corp
RNST
$3.92B
| $709K | ﹤0.01% |
26,100
+1,200
| +5% | +$31.8K |
|
|
ASCMA
1691
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $709K | ﹤0.01% |
8,800
-600
| -6% | -$47.2K |
|
1692
Hyster-Yale Materials Handling
HY
$619M
| $708K | ﹤0.01% |
7,900
-400
| -5% | -$30.6K |
|
|
LOGM
1693
DELISTED
LogMein, Inc.
LOGM
| $708K | ﹤0.01% |
22,800
-800
| -3% | -$23.6K |
|
1694
Banner Corp
BANR
$2.47B
| $706K | ﹤0.01% |
18,500
-1,200
| -6% | -$43.4K |
|
|
KERX
1695
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $706K | ﹤0.01% |
69,900
-3,900
| -5% | -$34.7K |
|
1696
First Commonwealth Financial
FCF
$2.18B
| $705K | ﹤0.01% |
92,900
-5,800
| -6% | -$44.1K |
|
1697
Saia
SAIA
$9.52B
| $705K | ﹤0.01% |
22,600
-1,400
| -6% | -$43.6K |
|
1698
Shutterstock
SSTK
$200M
| $705K | ﹤0.01% |
9,700
+3,000
| +45% | +$171K |
|
1699
Comscore
SCOR
$108M
| $704K | ﹤0.01% |
1,215
-75
| -6% | -$41.8K |
|
1700
Insight Enterprises
NSIT
$4.43B
| $702K | ﹤0.01% |
37,100
-2,800
| -7% | -$56.4K |
|
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.