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 | |
|---|---|---|---|---|---|---|
1776
Hercules Capital
HTGC
$3.12B
| $898K | ﹤0.01% |
63,800
+6,900
| +12% | +$108K |
|
|
CMLS
1777
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $894K | ﹤0.01% |
16,175
+3,825
| +31% | +$209K |
|
|
ILG
1778
DELISTED
ILG, Inc Common Stock
ILG
| $891K | ﹤0.01% |
34,100
+8,600
| +34% | +$237K |
|
|
SSI
1779
DELISTED
Stage Stores Inc
SSI
| $888K | ﹤0.01% |
36,300
+7,500
| +26% | +$159K |
|
1780
Harmonic Inc
HLIT
$1.24B
| $887K | ﹤0.01% |
124,200
+25,300
| +26% | +$170K |
|
1781
MannKind Corp
MNKD
$1.23B
| $886K | ﹤0.01% |
44,060
+11,580
| +36% | +$329K |
|
|
SWIR
1782
DELISTED
Sierra Wireless
SWIR
| $886K | ﹤0.01% |
40,500
+7,300
| +22% | +$160K |
|
1783
Geospace Technologies
GEOS
$69.2M
| $880K | ﹤0.01% |
13,300
+3,200
| +32% | +$245K |
|
|
UTEK
1784
DELISTED
Ultratech Inc.
UTEK
| $879K | ﹤0.01% |
30,100
+7,100
| +31% | +$189K |
|
|
FRAN
1785
DELISTED
Francesca's Holdings Corporation
FRAN
| $876K | ﹤0.01% |
4,025
+892
| +28% | +$207K |
|
|
BKS
1786
DELISTED
Barnes & Noble
BKS
| $872K | ﹤0.01% |
63,634
+13,734
| +28% | +$157K |
|
|
IPCC
1787
DELISTED
Infinity Property & Casualty C
IPCC
| $872K | ﹤0.01% |
12,900
+2,900
| +29% | +$209K |
|
|
CORE
1788
DELISTED
Core Mark Holding Co., Inc.
CORE
| $871K | ﹤0.01% |
48,000
+11,200
| +30% | +$212K |
|
|
CWEI
1789
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $870K | ﹤0.01% |
7,700
+1,300
| +20% | +$111K |
|
|
ASRT
1790
DELISTED
Assertio
ASRT
| $869K | ﹤0.01% |
998
+243
| +32% | +$185K |
|
1791
Standard Motor Products
SMP
$889M
| $869K | ﹤0.01% |
24,300
+5,300
| +28% | +$181K |
|
1792
Sonida Senior Living
SNDA
$1.87B
| $868K | ﹤0.01% |
2,227
+494
| +29% | +$179K |
|
|
RDEN
1793
DELISTED
ELIZABETH ARDEN INC
RDEN
| $868K | ﹤0.01% |
29,400
+6,700
| +30% | +$199K |
|
|
INN
1794
Summit Hotel Properties
INN
$651M
| $866K | ﹤0.01% |
93,300
+23,100
| +33% | +$209K |
|
|
RDUS
1795
DELISTED
Radius Recycling
RDUS
| $866K | ﹤0.01% |
30,000
+6,800
| +29% | +$186K |
|
|
IPCM
1796
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $864K | ﹤0.01% |
17,600
+4,200
| +31% | +$224K |
|
|
PMC
1797
DELISTED
PharMerica Corporation
PMC
| $862K | ﹤0.01% |
30,800
+7,200
| +31% | +$177K |
|
|
AREX
1798
DELISTED
Approach Resources Inc.
AREX
| $861K | ﹤0.01% |
41,200
+9,500
| +30% | +$195K |
|
|
RKUS
1799
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $861K | ﹤0.01% |
70,800
+15,400
| +28% | +$212K |
|
|
TMHC
1800
DELISTED
Taylor Morrison
TMHC
| $860K | ﹤0.01% |
36,600
+8,200
| +29% | +$185K |
|
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.