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 |
Apple
AAPL
|
+$107M |
| 2 |
AT&T
T
|
+$86.3M |
| 3 |
PayPal
PYPL
|
+$82.6M |
| 4 |
Kraft Heinz
KHC
|
+$80.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$80.8M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$73.8M |
| 3 |
eBay
EBAY
|
+$73.2M |
| 4 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$50.9M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.62% |
| 2 | Technology | 14.37% |
| 3 | Industrials | 10.62% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Consumer Staples | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CALY
1826
Callaway Golf Company
CALY
$2.95B
| $916K | ﹤0.01% |
109,700
+13,500
| +14% | +$118K |
|
1827
Green Dot
GDOT
$770M
| $913K | ﹤0.01% |
51,900
+6,900
| +15% | +$128K |
|
|
LOCK
1828
DELISTED
LifeLock, Inc.
LOCK
| $911K | ﹤0.01% |
104,000
+13,700
| +15% | +$135K |
|
|
MAGN
1829
Magnera Corp
MAGN
$433M
| $909K | ﹤0.01% |
4,062
+562
| +16% | +$139K |
|
1830
Ethan Allen Interiors
ETD
$583M
| $906K | ﹤0.01% |
34,300
+4,300
| +14% | +$126K |
|
1831
Qualys
QLYS
$6.78B
| $905K | ﹤0.01% |
31,800
+4,300
| +16% | +$144K |
|
|
FFG
1832
DELISTED
FBL Financial Group
FFG
| $904K | ﹤0.01% |
14,700
+1,900
| +15% | +$109K |
|
1833
AAR Corp
AIR
$5.77B
| $903K | ﹤0.01% |
47,600
+400
| +0.8% | +$10.4K |
|
1834
Primoris Services
PRIM
$4.35B
| $903K | ﹤0.01% |
50,400
+6,600
| +15% | +$119K |
|
|
RPXC
1835
DELISTED
RPX Corporation
RPXC
| $901K | ﹤0.01% |
65,700
+8,600
| +15% | +$127K |
|
|
AFFX
1836
DELISTED
Affymetrix Inc
AFFX
| $896K | ﹤0.01% |
104,900
+15,300
| +17% | +$153K |
|
1837
BioCryst Pharmaceuticals
BCRX
$2.51B
| $894K | ﹤0.01% |
78,400
+10,200
| +15% | +$136K |
|
1838
Orthofix Medical
OFIX
$415M
| $894K | ﹤0.01% |
26,500
+3,400
| +15% | +$121K |
|
|
EZCH
1839
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $892K | ﹤0.01% |
39,764
+5,780
| +17% | +$113K |
|
1840
National Bank Holdings
NBHC
$1.94B
| $891K | ﹤0.01% |
43,400
| – | – |
|
|
LMNX
1841
DELISTED
Luminex Corp
LMNX
| $889K | ﹤0.01% |
52,600
+6,400
| +14% | +$116K |
|
1842
Marcus & Millichap
MMI
$1.2B
| $883K | ﹤0.01% |
19,200
+2,800
| +17% | +$131K |
|
|
ALJ
1843
DELISTED
Alon USA Energy Inc
ALJ
| $882K | ﹤0.01% |
48,800
+4,900
| +11% | +$92.9K |
|
1844
IAMGOLD
IAG
$10.1B
| $880K | ﹤0.01% |
540,400
+65,100
| +14% | +$106K |
|
1845
Motorcar Parts of America
MPAA
$235M
| $879K | ﹤0.01% |
28,050
+2,700
| +11% | +$83.2K |
|
|
RUTH
1846
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $879K | ﹤0.01% |
54,100
+6,300
| +13% | +$103K |
|
|
TDAY
1847
USA Today Co
TDAY
$1B
| $878K | ﹤0.01% |
56,762
+7,200
| +15% | +$116K |
|
|
THR
1848
DELISTED
Thermon Group Holdings
THR
| $877K | ﹤0.01% |
42,700
+5,400
| +14% | +$125K |
|
|
ARRY
1849
DELISTED
Array Biopharma Inc
ARRY
| $872K | ﹤0.01% |
191,200
+24,900
| +15% | +$148K |
|
|
PGI
1850
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $872K | ﹤0.01% |
63,500
+7,200
| +13% | +$81K |
|
Similar funds
Swiss National Bank's Q3 2015 Portfolio in Review
As of Q3 2015, Swiss National Bank held 2,599 positions worth $39B, up 0.96% from $38.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.52B of net new capital in Q3 2015, opening 19 new positions and adding to 2,500 existing holdings. Its largest new stake was PayPal: 2,306,091 shares worth $71.6M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was eBay, an estimated $73.2M trimmed.
- Swiss National Bank's largest Q3 2015 buy was PayPal: 2,306,091 shares worth $71.6M.
- Swiss National Bank added most to Apple in Q3 2015, an estimated $107M increase.
- Swiss National Bank's biggest Q3 2015 reduction was eBay, cutting an estimated $73.2M.
- Swiss National Bank fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $80.8M.
- Swiss National Bank's ten largest holdings make up 15% of its $39B portfolio in Q3 2015.
- Swiss National Bank opened 19 new positions and closed 31 in Q3 2015.
- Swiss National Bank's portfolio value rose 0.96% quarter-over-quarter to $39B.
Based on Swiss National Bank's 13F filing for Q3 2015, filed 4 Nov 2015.