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 | |
|---|---|---|---|---|---|---|
1826
American Public Education
APEI
$821M
| $593K | ﹤0.01% |
15,700
-900
| -5% | -$35.4K |
|
1827
CVR Energy
CVI
$3.37B
| $593K | ﹤0.01% |
15,400
-800
| -5% | -$35.1K |
|
|
DRIV
1828
DELISTED
DIGITAL RIVER INC.
DRIV
| $593K | ﹤0.01% |
33,200
-4,400
| -12% | -$79.5K |
|
1829
Advanced Energy
AEIS
$13B
| $592K | ﹤0.01% |
33,800
-3,200
| -9% | -$63K |
|
|
ZINC
1830
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $591K | ﹤0.01% |
47,400
-2,600
| -5% | -$32.5K |
|
1831
Zumiez
ZUMZ
$325M
| $589K | ﹤0.01% |
21,400
-2,000
| -9% | -$56K |
|
1832
Materion
MTRN
$5.89B
| $587K | ﹤0.01% |
18,300
-1,100
| -6% | -$33.6K |
|
|
THR
1833
DELISTED
Thermon Group Holdings
THR
| $585K | ﹤0.01% |
25,300
| – | – |
|
|
WIRE
1834
DELISTED
Encore Wire Corp
WIRE
| $584K | ﹤0.01% |
14,800
-1,000
| -6% | -$39K |
|
|
ENV
1835
DELISTED
ENVESTNET, INC.
ENV
| $583K | ﹤0.01% |
18,800
-1,000
| -5% | -$27.8K |
|
|
OPTR
1836
DELISTED
OPTIMER PHARMACEUTICALS, INC. COM STK
OPTR
| $582K | ﹤0.01% |
46,200
| – | – |
|
|
LNW
1837
DELISTED
Light & Wonder
LNW
| $581K | ﹤0.01% |
35,900
-2,300
| -6% | -$32.5K |
|
|
SGMO
1838
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $581K | ﹤0.01% |
55,400
+3,100
| +6% | +$30.8K |
|
1839
American Vanguard Corp
AVD
$61.5M
| $579K | ﹤0.01% |
21,500
-1,200
| -5% | -$30.4K |
|
|
NSU
1840
DELISTED
Nevsun Resources Ltd.
NSU
| $578K | ﹤0.01% |
181,400
-12,800
| -7% | -$41.5K |
|
|
IMPV
1841
DELISTED
Imperva, Inc.
IMPV
| $576K | ﹤0.01% |
13,700
-600
| -4% | -$28.6K |
|
1842
Astec Industries
ASTE
$986M
| $575K | ﹤0.01% |
16,000
-900
| -5% | -$32K |
|
|
HW
1843
DELISTED
Headwaters Inc
HW
| $575K | ﹤0.01% |
64,000
-3,300
| -5% | -$30K |
|
1844
AMN Healthcare
AMN
$1.27B
| $574K | ﹤0.01% |
41,700
-2,400
| -5% | -$35.3K |
|
|
CNSL
1845
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $574K | ﹤0.01% |
33,300
-2,800
| -8% | -$48.7K |
|
1846
Accuray
ARAY
$35.6M
| $573K | ﹤0.01% |
77,500
-3,200
| -4% | -$20.2K |
|
1847
Emergent Biosolutions
EBS
$229M
| $573K | ﹤0.01% |
30,100
-1,200
| -4% | -$21.4K |
|
1848
TTEC Holdings
TTEC
$84.2M
| $572K | ﹤0.01% |
22,800
-1,900
| -8% | -$47K |
|
|
RSTI
1849
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $571K | ﹤0.01% |
23,600
-1,200
| -5% | -$28.5K |
|
|
MKTG
1850
DELISTED
RESPONSYS INC COM STK (CA)
MKTG
| $571K | ﹤0.01% |
34,600
-1,500
| -4% | -$22.1K |
|
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.