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 | |
|---|---|---|---|---|---|---|
|
FST
1751
DELISTED
FOREST OIL CORPORATION
FST
| $658K | ﹤0.01% |
107,900
-11,400
| -10% | -$61.1K |
|
|
INVN
1752
DELISTED
Invensense Inc
INVN
| $657K | ﹤0.01% |
37,300
+700
| +2% | +$11.8K |
|
1753
Delek US
DK
$3.91B
| $656K | ﹤0.01% |
31,100
-1,200
| -4% | -$31.7K |
|
|
COR
1754
DELISTED
Coresite Realty Corporation
COR
| $655K | ﹤0.01% |
19,300
-2,000
| -9% | -$66.3K |
|
1755
Pegasystems
PEGA
$5.44B
| $653K | ﹤0.01% |
65,600
-4,000
| -6% | -$36.6K |
|
|
TLAB
1756
DELISTED
TELLABS INC
TLAB
| $653K | ﹤0.01% |
287,800
-16,500
| -5% | -$37.3K |
|
|
VLTR
1757
DELISTED
VOLTERRA SEMCONDUCTOR CORP
VLTR
| $653K | ﹤0.01% |
28,400
-1,500
| -5% | -$28.5K |
|
1758
Smith & Wesson
SWBI
$637M
| $652K | ﹤0.01% |
77,149
-6,245
| -7% | -$54K |
|
|
XXIA
1759
DELISTED
Ixia
XXIA
| $652K | ﹤0.01% |
41,600
-1,600
| -4% | -$24.6K |
|
1760
Heartland Express
HTLD
$915M
| $651K | ﹤0.01% |
45,900
-2,200
| -5% | -$31.6K |
|
|
CCMP
1761
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $651K | ﹤0.01% |
16,900
-1,200
| -7% | -$44.3K |
|
1762
Green Dot
GDOT
$761M
| $650K | ﹤0.01% |
24,700
-2,000
| -7% | -$46.2K |
|
|
ARO
1763
DELISTED
Aeropostale Inc
ARO
| $650K | ﹤0.01% |
69,100
-3,600
| -5% | -$42.8K |
|
1764
BJ's Restaurants
BJRI
$1.44B
| $649K | ﹤0.01% |
22,600
-1,100
| -5% | -$37.2K |
|
1765
Rush Enterprises Class A
RUSHA
$9.53B
| $649K | ﹤0.01% |
55,125
-2,250
| -4% | -$25.8K |
|
|
AVX
1766
DELISTED
AVX Corporation
AVX
| $649K | ﹤0.01% |
49,400
-3,200
| -6% | -$41.5K |
|
1767
Comstock Resources
CRK
$4.23B
| $648K | ﹤0.01% |
8,140
-440
| -5% | -$35.2K |
|
1768
Quanex
NX
$1B
| $646K | ﹤0.01% |
34,300
-2,100
| -6% | -$36.9K |
|
|
INN
1769
Summit Hotel Properties
INN
$651M
| $645K | ﹤0.01% |
70,200
+4,700
| +7% | +$45.5K |
|
1770
W&T Offshore
WTI
$575M
| $645K | ﹤0.01% |
36,400
-2,000
| -5% | -$32.3K |
|
1771
Angi Inc
ANGI
$183M
| $644K | ﹤0.01% |
2,860
-150
| -5% | -$34.9K |
|
|
UNTD
1772
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $643K | ﹤0.01% |
11,514
-1,457
| -11% | -$81.9K |
|
|
SIR
1773
DELISTED
SELECT INCOME REIT
SIR
| $642K | ﹤0.01% |
56,647
-3,640
| -6% | -$41.4K |
|
1774
The Bancorp
TBBK
$2.83B
| $641K | ﹤0.01% |
36,200
-2,000
| -5% | -$32.4K |
|
|
EZCH
1775
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $641K | ﹤0.01% |
25,873
-946
| -4% | -$26.6K |
|
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.