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 | |
|---|---|---|---|---|---|---|
|
KNL
1701
DELISTED
Knoll, Inc.
KNL
| $1.01M | ﹤0.01% |
55,600
+12,200
| +28% | +$201K |
|
1702
Titan International
TWI
$461M
| $1.01M | ﹤0.01% |
53,200
+12,200
| +30% | +$219K |
|
|
AAV
1703
DELISTED
Advantage Oil & Gas Ltd
AAV
| $1.01M | ﹤0.01% |
203,600
+40,200
| +25% | +$167K |
|
|
PKD
1704
DELISTED
Parker Drilling Company
PKD
| $1.01M | ﹤0.01% |
9,467
+2,067
| +28% | +$235K |
|
1705
Northern Oil and Gas
NOG
$2.58B
| $1.01M | ﹤0.01% |
6,880
+1,380
| +25% | +$200K |
|
1706
Intrepid Potash
IPI
$496M
| $1M | ﹤0.01% |
6,500
+1,430
| +28% | +$219K |
|
|
VIVO
1707
DELISTED
Meridian Bioscience Inc
VIVO
| $1M | ﹤0.01% |
46,100
+10,500
| +29% | +$241K |
|
|
MGAM
1708
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $1M | ﹤0.01% |
34,600
+7,900
| +30% | +$249K |
|
1709
Hyster-Yale Materials Handling
HY
$619M
| $1M | ﹤0.01% |
10,300
+2,400
| +30% | +$226K |
|
|
IMPV
1710
DELISTED
Imperva, Inc.
IMPV
| $1M | ﹤0.01% |
18,000
+4,300
| +31% | +$247K |
|
|
NP
1711
DELISTED
Neenah, Inc. Common Stock
NP
| $998K | ﹤0.01% |
19,300
+4,200
| +28% | +$195K |
|
|
CZR
1712
DELISTED
Caesars Entertainment Corporation
CZR
| $998K | ﹤0.01% |
52,500
+11,700
| +29% | +$270K |
|
1713
Novavax
NVAX
$1.31B
| $996K | ﹤0.01% |
10,998
+3,670
| +50% | +$410K |
|
1714
Clearway Energy Class C
CWEN
$7.08B
| $992K | ﹤0.01% |
50,200
+11,200
| +29% | +$213K |
|
1715
NovaGold Resources
NG
$3.37B
| $992K | ﹤0.01% |
271,200
+60,600
| +29% | +$206K |
|
|
BAS
1716
DELISTED
Basis Energy Services, Inc.
BAS
| $990K | ﹤0.01% |
63
+10
| +19% | +$116K |
|
|
ISCA
1717
DELISTED
International Speedway Corp
ISCA
| $986K | ﹤0.01% |
29,000
+6,700
| +30% | +$226K |
|
1718
WesBanco
WSBC
$4.05B
| $984K | ﹤0.01% |
30,900
+7,100
| +30% | +$212K |
|
|
PES
1719
DELISTED
Pioneer Energy Services Corp.
PES
| $984K | ﹤0.01% |
76,000
+15,900
| +26% | +$159K |
|
|
EGL
1720
DELISTED
Engility Holdings, Inc.
EGL
| $982K | ﹤0.01% |
21,800
+4,400
| +25% | +$181K |
|
|
SIR
1721
DELISTED
SELECT INCOME REIT
SIR
| $981K | ﹤0.01% |
73,710
+17,063
| +30% | +$213K |
|
1722
Renasant Corp
RNST
$3.92B
| $976K | ﹤0.01% |
33,600
+7,500
| +29% | +$219K |
|
1723
Movado Group
MOV
$822M
| $975K | ﹤0.01% |
21,400
+4,700
| +28% | +$192K |
|
|
REXX
1724
DELISTED
Rex Energy Corporation
REXX
| $975K | ﹤0.01% |
5,210
+1,180
| +29% | +$215K |
|
1725
National CineMedia
NCMI
$355M
| $974K | ﹤0.01% |
6,490
+1,730
| +36% | +$299K |
|
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.