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 | |
|---|---|---|---|---|---|---|
|
SSRI
1751
DELISTED
Silver Standard Resources
SSRI
| $932K | ﹤0.01% |
93,600
+19,300
| +26% | +$181K |
|
1752
Independent Bank
INDB
$4.02B
| $929K | ﹤0.01% |
23,600
+6,600
| +39% | +$247K |
|
1753
Shutterstock
SSTK
$200M
| $929K | ﹤0.01% |
12,800
+3,100
| +32% | +$262K |
|
1754
Sonic Automotive
SAH
$2.55B
| $928K | ﹤0.01% |
41,300
+9,100
| +28% | +$209K |
|
1755
Sarepta Therapeutics
SRPT
$1.92B
| $928K | ﹤0.01% |
38,600
+11,000
| +40% | +$280K |
|
1756
Stewart Information Services
STC
$2B
| $924K | ﹤0.01% |
26,300
+5,400
| +26% | +$186K |
|
1757
Hanmi Financial
HAFC
$948M
| $923K | ﹤0.01% |
39,600
+8,100
| +26% | +$183K |
|
1758
Koppers
KOP
$870M
| $919K | ﹤0.01% |
22,300
+4,900
| +28% | +$200K |
|
1759
Lattice Semiconductor
LSCC
$17.9B
| $919K | ﹤0.01% |
117,200
+29,900
| +34% | +$204K |
|
1760
Astec Industries
ASTE
$989M
| $918K | ﹤0.01% |
20,900
+4,900
| +31% | +$193K |
|
|
AVTA
1761
DELISTED
Avantax, Inc. Common Stock
AVTA
| $918K | ﹤0.01% |
46,600
+10,000
| +27% | +$231K |
|
|
ABAX
1762
DELISTED
Abaxis Inc
ABAX
| $918K | ﹤0.01% |
23,600
+5,300
| +29% | +$210K |
|
1763
Aaon
AAON
$7.03B
| $917K | ﹤0.01% |
74,025
+16,875
| +30% | +$224K |
|
|
RP
1764
DELISTED
RealPage, Inc.
RP
| $917K | ﹤0.01% |
50,500
+12,100
| +32% | +$243K |
|
1765
World Acceptance Corp
WRLD
$873M
| $916K | ﹤0.01% |
12,200
+2,300
| +23% | +$208K |
|
|
FDML
1766
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $913K | ﹤0.01% |
48,800
+9,500
| +24% | +$175K |
|
1767
AMERISAFE
AMSF
$519M
| $909K | ﹤0.01% |
20,700
+4,700
| +29% | +$197K |
|
1768
Cohen & Steers
CNS
$4.34B
| $909K | ﹤0.01% |
22,800
+5,100
| +29% | +$193K |
|
1769
The Ensign Group
ENSG
$10.5B
| $908K | ﹤0.01% |
81,514
+18,811
| +30% | +$201K |
|
|
NTUS
1770
DELISTED
Natus Medical Inc
NTUS
| $906K | ﹤0.01% |
35,100
+8,200
| +30% | +$207K |
|
1771
Quanex
NX
$1.01B
| $904K | ﹤0.01% |
43,700
+9,400
| +27% | +$185K |
|
1772
Winnebago Industries
WGO
$927M
| $904K | ﹤0.01% |
33,000
+6,900
| +26% | +$181K |
|
1773
Green Plains
GPRE
$1.09B
| $902K | ﹤0.01% |
30,100
+6,700
| +29% | +$164K |
|
1774
PENN Entertainment
PENN
$2.57B
| $901K | ﹤0.01% |
73,100
+16,000
| +28% | +$197K |
|
1775
Regis Corp
RGS
$68.3M
| $900K | ﹤0.01% |
3,285
+715
| +28% | +$196K |
|
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.