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
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MTGE
1701
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $1.14M | ﹤0.01% |
77,000
+18,500
| +32% | +$292K |
|
|
TYPE
1702
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.13M | ﹤0.01% |
51,800
+7,100
| +16% | +$163K |
|
1703
Gogo Inc
GOGO
$377M
| $1.13M | ﹤0.01% |
73,800
+8,700
| +13% | +$149K |
|
|
DVAX
1704
DELISTED
Dynavax Technologies
DVAX
| $1.13M | ﹤0.01% |
45,928
+18,788
| +69% | +$532K |
|
1705
Tower Semiconductor
TSEM
$28.6B
| $1.13M | ﹤0.01% |
88,343
+37,319
| +73% | +$502K |
|
|
CTCT
1706
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $1.13M | ﹤0.01% |
46,500
+5,500
| +13% | +$144K |
|
|
HIBB
1707
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.13M | ﹤0.01% |
32,200
+4,300
| +15% | +$179K |
|
|
ARR
1708
Armour Residential REIT
ARR
$2.37B
| $1.13M | ﹤0.01% |
11,242
+1,399
| +14% | +$152K |
|
|
MTSC
1709
DELISTED
MTS Systems Corp
MTSC
| $1.12M | ﹤0.01% |
18,600
+2,400
| +15% | +$148K |
|
1710
The Greenbrier Companies
GBX
$1.42B
| $1.12M | ﹤0.01% |
34,800
+4,100
| +13% | +$172K |
|
|
ENLC
1711
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.12M | ﹤0.01% |
61,123
+8,300
| +16% | +$203K |
|
|
ELNK
1712
DELISTED
EarthLink Holdings Corp.
ELNK
| $1.12M | ﹤0.01% |
143,500
+18,000
| +14% | +$147K |
|
|
TLN
1713
DELISTED
Talen Energy Corporation
TLN
| $1.12M | ﹤0.01% |
110,476
+13,400
| +14% | +$196K |
|
|
AJRD
1714
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.11M | ﹤0.01% |
68,900
+8,400
| +14% | +$179K |
|
|
NAVG
1715
DELISTED
Navigators Group Inc
NAVG
| $1.11M | ﹤0.01% |
28,600
+4,000
| +16% | +$155K |
|
1716
First Merchants
FRME
$2.72B
| $1.11M | ﹤0.01% |
42,500
+6,100
| +17% | +$158K |
|
1717
Usana Health Sciences
USNA
$252M
| $1.11M | ﹤0.01% |
16,600
+2,200
| +15% | +$156K |
|
|
SCAI
1718
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $1.11M | ﹤0.01% |
34,000
+10,500
| +45% | +$394K |
|
1719
Aaon
AAON
$7.23B
| $1.11M | ﹤0.01% |
85,875
+10,950
| +15% | +$157K |
|
1720
FerroAtlántica
GSM
$818M
| $1.11M | ﹤0.01% |
91,400
+11,100
| +14% | +$164K |
|
|
ELGX
1721
DELISTED
Endologix Inc
ELGX
| $1.11M | ﹤0.01% |
9,040
+1,030
| +13% | +$140K |
|
1722
NovaGold Resources
NG
$3.4B
| $1.11M | ﹤0.01% |
306,400
+38,200
| +14% | +$129K |
|
1723
Badger Meter
BMI
$3.78B
| $1.1M | ﹤0.01% |
38,000
+5,000
| +15% | +$148K |
|
|
IRBT
1724
DELISTED
iRobot
IRBT
| $1.1M | ﹤0.01% |
37,600
+4,700
| +14% | +$143K |
|
|
KG
1725
Kestrel Group
KG
$60.5M
| $1.09M | ﹤0.01% |
3,945
+480
| +14% | +$147K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.