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 | |
|---|---|---|---|---|---|---|
|
ACAT
1701
DELISTED
Arctic Cat Inc
ACAT
| $702K | ﹤0.01% |
12,300
-800
| -6% | -$43.5K |
|
1702
Liquidity Services
LQDT
$1.31B
| $701K | ﹤0.01% |
20,900
-1,600
| -7% | -$50.9K |
|
|
FRAN
1703
DELISTED
Francesca's Holdings Corporation
FRAN
| $701K | ﹤0.01% |
3,133
-167
| -5% | -$47.8K |
|
1704
Columbia Sportswear
COLM
$2.88B
| $699K | ﹤0.01% |
23,200
-1,200
| -5% | -$36.6K |
|
|
LTXB
1705
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $699K | ﹤0.01% |
33,800
-1,600
| -5% | -$33.5K |
|
|
UTEK
1706
DELISTED
Ultratech Inc.
UTEK
| $697K | ﹤0.01% |
23,000
-1,000
| -4% | -$30.6K |
|
|
TTSH
1707
DELISTED
Tile Shop Holdings
TTSH
| $696K | ﹤0.01% |
23,600
+2,200
| +10% | +$60.8K |
|
1708
ICU Medical
ICUI
$4.55B
| $693K | ﹤0.01% |
10,200
-600
| -6% | -$42.8K |
|
|
GDP
1709
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $692K | ﹤0.01% |
28,500
-1,500
| -5% | -$30.2K |
|
1710
Red Robin
RRGB
$145M
| $690K | ﹤0.01% |
9,700
-600
| -6% | -$37.6K |
|
1711
UFP Industries
UFPI
$5.12B
| $690K | ﹤0.01% |
49,200
-3,600
| -7% | -$47.9K |
|
|
CIR
1712
DELISTED
CIRCOR International, Inc
CIR
| $690K | ﹤0.01% |
11,100
-800
| -7% | -$46K |
|
|
LMNX
1713
DELISTED
Luminex Corp
LMNX
| $690K | ﹤0.01% |
34,500
-1,600
| -4% | -$34K |
|
1714
Forestar Group
FOR
$1.48B
| $689K | ﹤0.01% |
32,000
-1,600
| -5% | -$33.8K |
|
|
JBTM
1715
JBT Marel
JBTM
$6.32B
| $689K | ﹤0.01% |
27,700
-1,800
| -6% | -$42K |
|
|
PKY
1716
DELISTED
Parkway, Inc.
PKY
| $689K | ﹤0.01% |
38,800
-1,500
| -4% | -$26.3K |
|
|
PRMW
1717
DELISTED
Primo Water Corporation
PRMW
| $688K | ﹤0.01% |
89,500
-6,100
| -6% | -$49.8K |
|
1718
DXP Enterprises
DXPE
$3.03B
| $687K | ﹤0.01% |
8,700
-1,000
| -10% | -$70.6K |
|
|
PNNT
1719
Pennant Park Investment Corp
PNNT
$244M
| $686K | ﹤0.01% |
60,900
-3,100
| -5% | -$35.4K |
|
|
ELLI
1720
DELISTED
Ellie Mae Inc
ELLI
| $685K | ﹤0.01% |
21,400
-1,100
| -5% | -$30.7K |
|
|
PRO
1721
DELISTED
PROS Holdings
PRO
| $684K | ﹤0.01% |
20,000
-300
| -1% | -$9.71K |
|
1722
Team
TISI
$104M
| $684K | ﹤0.01% |
1,720
-160
| -9% | -$63.1K |
|
1723
Zurn Elkay Water Solutions
ZWS
$8.6B
| $684K | ﹤0.01% |
68,300
-3,322
| -5% | -$30.6K |
|
|
IPCM
1724
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $684K | ﹤0.01% |
13,400
-800
| -6% | -$41.5K |
|
|
CJES
1725
DELISTED
C&J ENERGY SVCS LTD
CJES
| $683K | ﹤0.01% |
34,000
-1,800
| -5% | -$37.1K |
|
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.