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 | |
|---|---|---|---|---|---|---|
|
LNW
1876
DELISTED
Light & Wonder
LNW
| $751K | ﹤0.01% |
54,700
+12,000
| +28% | +$175K |
|
|
ARI
1877
Apollo Commercial Real Estate
ARI
$880M
| $750K | ﹤0.01% |
45,100
+8,900
| +25% | +$148K |
|
|
ANH
1878
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $750K | ﹤0.01% |
151,300
+33,300
| +28% | +$162K |
|
1879
Stride
LRN
$3.29B
| $747K | ﹤0.01% |
33,000
+8,900
| +37% | +$194K |
|
|
CBF
1880
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $746K | ﹤0.01% |
29,700
+7,000
| +31% | +$165K |
|
|
FRED
1881
DELISTED
Fred's Inc
FRED
| $744K | ﹤0.01% |
41,300
+8,800
| +27% | +$162K |
|
1882
Ethan Allen Interiors
ETD
$602M
| $741K | ﹤0.01% |
29,100
+6,600
| +29% | +$170K |
|
1883
Shenandoah Telecom
SHEN
$740M
| $739K | ﹤0.01% |
45,800
+11,600
| +34% | +$156K |
|
|
WSTC
1884
DELISTED
West Corporation
WSTC
| $739K | ﹤0.01% |
30,900
+8,500
| +38% | +$208K |
|
|
BBT
1885
Beacon Financial Corp
BBT
$2.66B
| $738K | ﹤0.01% |
28,500
+6,200
| +28% | +$158K |
|
|
THR
1886
DELISTED
Thermon Group Holdings
THR
| $737K | ﹤0.01% |
31,800
+6,500
| +26% | +$167K |
|
|
DFRG
1887
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $737K | ﹤0.01% |
26,400
+5,600
| +27% | +$138K |
|
|
EXL
1888
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $737K | ﹤0.01% |
58,100
+11,500
| +25% | +$137K |
|
1889
Southside Bancshares
SBSI
$965M
| $736K | ﹤0.01% |
27,849
+5,221
| +23% | +$126K |
|
1890
Biglari Holdings Class B
BH
$1.2B
| $734K | ﹤0.01% |
2,433
+565
| +30% | +$163K |
|
1891
First Merchants
FRME
$2.69B
| $734K | ﹤0.01% |
33,900
+8,400
| +33% | +$178K |
|
1892
AMN Healthcare
AMN
$1.28B
| $732K | ﹤0.01% |
53,300
+11,600
| +28% | +$167K |
|
|
TNGO
1893
DELISTED
Tangoe, Inc.
TNGO
| $732K | ﹤0.01% |
39,400
+7,400
| +23% | +$136K |
|
|
EBIX
1894
DELISTED
Ebix Inc
EBIX
| $732K | ﹤0.01% |
42,900
+9,900
| +30% | +$153K |
|
1895
Pegasystems
PEGA
$5.44B
| $731K | ﹤0.01% |
82,800
+17,200
| +26% | +$186K |
|
|
ECOL
1896
DELISTED
US Ecology, Inc.
ECOL
| $731K | ﹤0.01% |
19,700
+4,900
| +33% | +$179K |
|
|
IVC
1897
DELISTED
Invacare Corporation
IVC
| $730K | ﹤0.01% |
38,300
+7,400
| +24% | +$152K |
|
|
PBY
1898
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $728K | ﹤0.01% |
57,200
+12,100
| +27% | +$150K |
|
|
PNNT
1899
Pennant Park Investment Corp
PNNT
$244M
| $727K | ﹤0.01% |
65,800
+4,900
| +8% | +$55.2K |
|
|
PRFT
1900
DELISTED
Perficient Inc
PRFT
| $727K | ﹤0.01% |
40,100
+7,700
| +24% | +$158K |
|
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.