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 |
AGN
Allergan plc
AGN
|
+$18.3M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$16.5M |
| 3 |
ICL Group
ICL
|
+$11.3M |
| 4 |
Liberty Media Series C
FWONK
|
+$9.18M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$6.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.7M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$23.5M |
| 3 |
ExxonMobil
XOM
|
+$11.1M |
| 4 |
IBM
IBM
|
+$8.88M |
| 5 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.81% |
| 2 | Technology | 13.76% |
| 3 | Energy | 11.48% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Federal Signal
FSS
$7.51B
| $976K | ﹤0.01% |
73,700
-1,300
| -2% | -$18.9K |
|
1677
Oxford Industries
OXM
$542M
| $976K | ﹤0.01% |
16,000
-300
| -2% | -$18.9K |
|
|
FARO
1678
DELISTED
Faro Technologies
FARO
| $974K | ﹤0.01% |
19,200
-300
| -2% | -$15.6K |
|
1679
Scholastic
SCHL
$784M
| $973K | ﹤0.01% |
30,100
| – | – |
|
|
ALX
1680
Alexander's
ALX
$1.4B
| $972K | ﹤0.01% |
2,600
| – | – |
|
1681
TETRA Technologies
TTI
$1.25B
| $972K | ﹤0.01% |
89,800
-1,800
| -2% | -$20.5K |
|
|
JBTM
1682
JBT Marel
JBTM
$6.1B
| $970K | ﹤0.01% |
34,500
-600
| -2% | -$17.3K |
|
1683
Ambarella
AMBA
$3.6B
| $969K | ﹤0.01% |
22,200
| – | – |
|
|
PVA
1684
DELISTED
PENN VIRGINIA CORP
PVA
| $967K | ﹤0.01% |
76,100
| – | – |
|
1685
Sonic Automotive
SAH
$2.51B
| $963K | ﹤0.01% |
39,300
| – | – |
|
|
AUQ
1686
DELISTED
AURICO GOLD INC COM
AUQ
| $959K | ﹤0.01% |
274,300
-4,300
| -2% | -$17.7K |
|
|
RAVN
1687
DELISTED
Raven Industries Inc
RAVN
| $956K | ﹤0.01% |
39,200
-900
| -2% | -$25.6K |
|
|
AXON
1688
Axon Enterprise
AXON
$50B
| $953K | ﹤0.01% |
61,700
| – | – |
|
|
IRBT
1689
DELISTED
iRobot
IRBT
| $953K | ﹤0.01% |
31,300
| – | – |
|
1690
Helios Technologies
HLIO
$2.67B
| $951K | ﹤0.01% |
25,300
| – | – |
|
1691
Hecla Mining
HL
$11.9B
| $950K | ﹤0.01% |
383,237
-7,400
| -2% | -$23.1K |
|
1692
Northern Oil and Gas
NOG
$2.61B
| $950K | ﹤0.01% |
6,680
-200
| -3% | -$32.1K |
|
|
OMG
1693
DELISTED
OM GROUP INC.
OMG
| $950K | ﹤0.01% |
36,600
| – | – |
|
1694
Boyd Gaming
BYD
$6.05B
| $948K | ﹤0.01% |
93,300
| – | – |
|
1695
Comstock Resources
CRK
$3.99B
| $948K | ﹤0.01% |
10,180
-180
| -2% | -$21.4K |
|
|
KNL
1696
DELISTED
Knoll, Inc.
KNL
| $947K | ﹤0.01% |
54,700
-900
| -2% | -$16.1K |
|
|
MAGN
1697
Magnera Corp
MAGN
$433M
| $946K | ﹤0.01% |
3,315
-93
| -3% | -$29.6K |
|
|
RKUS
1698
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $946K | ﹤0.01% |
70,800
| – | – |
|
1699
Agios Pharmaceuticals
AGIO
$2B
| $945K | ﹤0.01% |
15,400
| – | – |
|
|
BGG
1700
DELISTED
Briggs & Stratton Corp.
BGG
| $944K | ﹤0.01% |
52,400
-1,700
| -3% | -$33.3K |
|
Similar funds
Swiss National Bank's Q3 2014 Portfolio in Review
As of Q3 2014, Swiss National Bank held 2,547 positions worth $26.1B, down 3.5% from $27B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 1.3%. Swiss National Bank opened 15 new positions and exited 18, leaving the 2,547-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Technology and Energy.
- Swiss National Bank's largest Q3 2014 buy was Weatherford International plc: 735,946 shares worth $15.3M.
- Swiss National Bank added most to Allergan plc in Q3 2014, an estimated $18.3M increase.
- Swiss National Bank's biggest Q3 2014 reduction was Apple, cutting an estimated $23.7M.
- Swiss National Bank fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $23.5M.
- Swiss National Bank's ten largest holdings make up 14% of its $26.1B portfolio in Q3 2014.
- Swiss National Bank opened 15 new positions and closed 18 in Q3 2014.
- Swiss National Bank's portfolio value fell 3.5% quarter-over-quarter to $26.1B.
Based on Swiss National Bank's 13F filing for Q3 2014, filed 4 Nov 2014.