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 |
Apple
AAPL
|
+$407M |
| 2 |
ExxonMobil
XOM
|
+$212M |
| 3 |
Microsoft
MSFT
|
+$200M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$183M |
| 5 |
Johnson & Johnson
JNJ
|
+$158M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$58.6M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$43M |
| 3 |
BCE
BCE
|
+$39M |
| 4 |
PETM
PETSMART INC
PETM
|
+$11.8M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$11.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.69% |
| 2 | Technology | 14.6% |
| 3 | Industrials | 10.89% |
| 4 | Consumer Discretionary | 9.64% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SIR
1701
DELISTED
SELECT INCOME REIT
SIR
| $1.15M | ﹤0.01% |
104,195
| – | – |
|
|
ECOL
1702
DELISTED
US Ecology, Inc.
ECOL
| $1.14M | ﹤0.01% |
22,900
| – | – |
|
1703
Crocs
CROX
$6.36B
| $1.14M | ﹤0.01% |
96,800
| – | – |
|
1704
Astronics
ATRO
$4.57B
| $1.14M | ﹤0.01% |
28,288
-2,738
| -9% | -$93.3K |
|
1705
Atlantic Union Bankshares
AUB
$6.09B
| $1.14M | ﹤0.01% |
51,158
+1,800
| +4% | +$40K |
|
|
IRC
1706
DELISTED
INLAND REAL ESTATE CORP
IRC
| $1.14M | ﹤0.01% |
106,200
+2,400
| +2% | +$26.3K |
|
1707
Greif
GEF
$5.03B
| $1.13M | ﹤0.01% |
28,700
| – | – |
|
1708
Advanced Energy
AEIS
$13.2B
| $1.12M | ﹤0.01% |
43,800
| – | – |
|
1709
Eagle Bancorp
EGBN
$877M
| $1.12M | ﹤0.01% |
29,170
+2,200
| +8% | +$78.5K |
|
|
TDAY
1710
USA Today Co
TDAY
$1B
| $1.12M | ﹤0.01% |
46,762
+13,300
| +40% | +$309K |
|
1711
Metallus
MTUS
$892M
| $1.12M | ﹤0.01% |
42,250
+800
| +2% | +$23.5K |
|
|
AAV
1712
DELISTED
Advantage Oil & Gas Ltd
AAV
| $1.12M | ﹤0.01% |
208,200
+4,600
| +2% | +$22.3K |
|
1713
Coherent
COHR
$64B
| $1.11M | ﹤0.01% |
60,100
| – | – |
|
|
ARI
1714
Apollo Commercial Real Estate
ARI
$886M
| $1.11M | ﹤0.01% |
64,440
+10,200
| +19% | +$172K |
|
1715
Piper Sandler
PIPR
$5.54B
| $1.11M | ﹤0.01% |
84,400
+2,400
| +3% | +$32.6K |
|
|
SFR
1716
DELISTED
Starwood Waypoint Homes
SFR
| $1.1M | ﹤0.01% |
42,540
| – | – |
|
|
OMG
1717
DELISTED
OM GROUP INC.
OMG
| $1.1M | ﹤0.01% |
36,600
| – | – |
|
1718
Stewart Information Services
STC
$2.07B
| $1.1M | ﹤0.01% |
27,000
+1,700
| +7% | +$63.6K |
|
|
IMGN
1719
DELISTED
Immunogen Inc
IMGN
| $1.09M | ﹤0.01% |
122,200
+26,000
| +27% | +$188K |
|
|
TAHO
1720
DELISTED
Tahoe Resources Inc
TAHO
| $1.09M | ﹤0.01% |
99,900
| – | – |
|
|
SRCI
1721
DELISTED
SRC Energy Inc
SRCI
| $1.09M | ﹤0.01% |
91,900
+17,200
| +23% | +$204K |
|
1722
Acco Brands
ACCO
$399M
| $1.08M | ﹤0.01% |
130,600
| – | – |
|
|
NSM
1723
DELISTED
Nationstar Mortgage Holdings
NSM
| $1.08M | ﹤0.01% |
43,700
+18,200
| +71% | +$500K |
|
1724
Sturm, Ruger & Co
RGR
$601M
| $1.08M | ﹤0.01% |
21,700
+600
| +3% | +$26.9K |
|
|
BGG
1725
DELISTED
Briggs & Stratton Corp.
BGG
| $1.08M | ﹤0.01% |
52,400
| – | – |
|
Similar funds
Swiss National Bank's Q1 2015 Portfolio in Review
As of Q1 2015, Swiss National Bank held 2,582 positions worth $37.5B, up 40% from $26.7B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $10.3B of net new capital in Q1 2015, opening 14 new positions and adding to 1,633 existing holdings. Its largest new stake was Infosys: 2,143,352 shares worth $18.8M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was BCE, an estimated $39M trimmed.
- Swiss National Bank's largest Q1 2015 buy was Infosys: 2,143,352 shares worth $18.8M.
- Swiss National Bank added most to Apple in Q1 2015, an estimated $407M increase.
- Swiss National Bank's biggest Q1 2015 reduction was BCE, cutting an estimated $39M.
- Swiss National Bank fully exited Allergan Inc in Q1 2015, selling an estimated $58.6M.
- Swiss National Bank's ten largest holdings make up 14% of its $37.5B portfolio in Q1 2015.
- Swiss National Bank opened 14 new positions and closed 36 in Q1 2015.
- Swiss National Bank's portfolio value rose 40% quarter-over-quarter to $37.5B.
Based on Swiss National Bank's 13F filing for Q1 2015, filed 6 May 2015.