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 | |
|---|---|---|---|---|---|---|
|
AMCC
1801
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $860K | ﹤0.01% |
86,900
+18,700
| +27% | +$202K |
|
|
CNSL
1802
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $858K | ﹤0.01% |
42,900
+9,600
| +29% | +$187K |
|
|
ACCL
1803
DELISTED
Accelrys Inc
ACCL
| $858K | ﹤0.01% |
68,900
+13,900
| +25% | +$163K |
|
1804
Acacia Research
ACTG
$451M
| $857K | ﹤0.01% |
56,100
+13,000
| +30% | +$189K |
|
|
LOCK
1805
DELISTED
LifeLock, Inc.
LOCK
| $857K | ﹤0.01% |
50,100
+12,500
| +33% | +$244K |
|
1806
The Bancorp
TBBK
$2.83B
| $856K | ﹤0.01% |
45,500
+9,300
| +26% | +$176K |
|
|
NXGN
1807
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $856K | ﹤0.01% |
50,700
+11,600
| +30% | +$210K |
|
|
FPO
1808
DELISTED
First Potomac Realty Trust
FPO
| $854K | ﹤0.01% |
66,100
+15,500
| +31% | +$196K |
|
1809
Badger Meter
BMI
$3.93B
| $849K | ﹤0.01% |
30,800
+6,800
| +28% | +$180K |
|
|
ELGX
1810
DELISTED
Endologix Inc
ELGX
| $847K | ﹤0.01% |
6,580
+1,460
| +29% | +$227K |
|
1811
McGrath RentCorp
MGRC
$2.95B
| $846K | ﹤0.01% |
24,200
+6,400
| +36% | +$229K |
|
|
EZCH
1812
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $842K | ﹤0.01% |
32,984
+6,611
| +25% | +$169K |
|
|
KG
1813
Kestrel Group
KG
$68.8M
| $841K | ﹤0.01% |
3,370
+690
| +26% | +$159K |
|
1814
CVR Energy
CVI
$3.42B
| $837K | ﹤0.01% |
19,800
+4,400
| +29% | +$175K |
|
1815
Standex International
SXI
$3.97B
| $836K | ﹤0.01% |
15,600
+3,200
| +26% | +$183K |
|
1816
Ribbon Communications
RBBN
$356M
| $834K | ﹤0.01% |
49,474
+11,674
| +31% | +$194K |
|
|
TRNX
1817
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $834K | ﹤0.01% |
39,280
+15,680
| +66% | +$304K |
|
1818
Kite Realty
KRG
$5.24B
| $833K | ﹤0.01% |
34,700
+7,700
| +29% | +$192K |
|
1819
Azenta
AZTA
$1.54B
| $832K | ﹤0.01% |
76,100
+16,900
| +29% | +$178K |
|
|
ELLI
1820
DELISTED
Ellie Mae Inc
ELLI
| $828K | ﹤0.01% |
28,700
+7,300
| +34% | +$204K |
|
|
NSM
1821
DELISTED
Nationstar Mortgage Holdings
NSM
| $828K | ﹤0.01% |
25,500
+5,700
| +29% | +$176K |
|
|
WPRT
1822
Westport Fuel Systems
WPRT
$36.7M
| $824K | ﹤0.01% |
5,660
+1,290
| +30% | +$223K |
|
|
CPLA
1823
DELISTED
Capella Education Company
CPLA
| $821K | ﹤0.01% |
13,000
+3,000
| +30% | +$194K |
|
|
MCF
1824
DELISTED
Contango Oil & Gas Co.
MCF
| $821K | ﹤0.01% |
17,200
+3,700
| +27% | +$170K |
|
1825
ICU Medical
ICUI
$4.55B
| $820K | ﹤0.01% |
13,700
+3,500
| +34% | +$216K |
|
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.