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 | |
|---|---|---|---|---|---|---|
|
ANR
1676
DELISTED
Alpha Natural Resources Inc
ANR
| $1.06M | ﹤0.01% |
248,408
+55,900
| +29% | +$300K |
|
|
ZQK
1677
DELISTED
QUICKSILVER,INC.
ZQK
| $1.05M | ﹤0.01% |
140,300
+32,400
| +30% | +$249K |
|
1678
Helios Technologies
HLIO
$2.68B
| $1.05M | ﹤0.01% |
24,300
+5,400
| +29% | +$220K |
|
1679
AeroVironment
AVAV
$9.92B
| $1.05M | ﹤0.01% |
26,100
+4,700
| +22% | +$153K |
|
|
ALOG
1680
DELISTED
Analogic Corp
ALOG
| $1.05M | ﹤0.01% |
12,800
+3,200
| +33% | +$287K |
|
1681
American Homes 4 Rent
AMH
$12.2B
| $1.05M | ﹤0.01% |
62,816
+21,600
| +52% | +$361K |
|
|
CAMP
1682
DELISTED
CalAmp Corp.
CAMP
| $1.05M | ﹤0.01% |
1,635
+361
| +28% | +$252K |
|
1683
Coeur Mining
CDE
$19.1B
| $1.05M | ﹤0.01% |
112,600
+24,800
| +28% | +$267K |
|
1684
First Commonwealth Financial
FCF
$2.18B
| $1.04M | ﹤0.01% |
115,400
+22,500
| +24% | +$192K |
|
|
ASCMA
1685
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $1.04M | ﹤0.01% |
13,800
+3,200
| +30% | +$243K |
|
1686
Precigen
PGEN
$2.46B
| $1.04M | ﹤0.01% |
41,435
+8,789
| +27% | +$243K |
|
1687
ESCO Technologies
ESE
$7.65B
| $1.04M | ﹤0.01% |
29,500
+6,700
| +29% | +$234K |
|
1688
Scholastic
SCHL
$780M
| $1.04M | ﹤0.01% |
30,100
+6,800
| +29% | +$232K |
|
|
BLOX
1689
DELISTED
Infoblox Inc
BLOX
| $1.04M | ﹤0.01% |
51,700
+27,500
| +114% | +$760K |
|
1690
Rush Enterprises Class A
RUSHA
$9.52B
| $1.04M | ﹤0.01% |
71,775
+16,650
| +30% | +$215K |
|
|
XCO
1691
DELISTED
Exco Resources
XCO
| $1.04M | ﹤0.01% |
12,328
+4,695
| +62% | +$362K |
|
|
MCP
1692
DELISTED
MOLYCORP INC COM STK
MCP
| $1.03M | ﹤0.01% |
220,700
+47,700
| +28% | +$246K |
|
|
FARO
1693
DELISTED
Faro Technologies
FARO
| $1.03M | ﹤0.01% |
19,500
+4,400
| +29% | +$238K |
|
1694
Quaker Houghton
KWR
$2.94B
| $1.03M | ﹤0.01% |
13,100
+3,300
| +34% | +$245K |
|
|
VRTU
1695
DELISTED
Virtusa Corporation
VRTU
| $1.03M | ﹤0.01% |
30,700
+12,300
| +67% | +$436K |
|
1696
EXL Service
EXLS
$5.29B
| $1.03M | ﹤0.01% |
165,890
+40,500
| +32% | +$224K |
|
1697
ArcBest
ARCB
$3.03B
| $1.02M | ﹤0.01% |
27,600
+6,200
| +29% | +$211K |
|
|
CSGS
1698
DELISTED
CSG Systems International
CSGS
| $1.02M | ﹤0.01% |
39,100
+8,500
| +28% | +$240K |
|
1699
Cal-Maine
CALM
$3.87B
| $1.02M | ﹤0.01% |
32,400
+7,200
| +29% | +$197K |
|
|
DMND
1700
DELISTED
DIAMOND FOODS, INC.
DMND
| $1.02M | ﹤0.01% |
29,100
+5,900
| +25% | +$167K |
|
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.