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 | |
|---|---|---|---|---|---|---|
|
RPTP
1901
DELISTED
RAPTOR PHARMACEUTICAL CORP COM STK (DE)
RPTP
| $727K | ﹤0.01% |
72,700
+18,100
| +33% | +$261K |
|
1902
Forestar Group
FOR
$1.48B
| $726K | ﹤0.01% |
40,800
+8,800
| +28% | +$171K |
|
|
RSTI
1903
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $726K | ﹤0.01% |
30,300
+6,700
| +28% | +$160K |
|
1904
Cato Corp
CATO
$65.3M
| $725K | ﹤0.01% |
26,800
+7,000
| +35% | +$200K |
|
1905
Super Micro Computer
SMCI
$20.4B
| $723K | ﹤0.01% |
416,000
+84,000
| +25% | +$164K |
|
|
MFRM
1906
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $722K | ﹤0.01% |
15,100
+3,400
| +29% | +$148K |
|
|
ARPI
1907
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $721K | ﹤0.01% |
40,116
+14,300
| +55% | +$260K |
|
|
CYNO
1908
DELISTED
Cynosure, Inc. Class A
CYNO
| $720K | ﹤0.01% |
24,579
+5,300
| +27% | +$150K |
|
1909
Liquidity Services
LQDT
$1.31B
| $719K | ﹤0.01% |
27,600
+6,700
| +32% | +$163K |
|
1910
Merit Medical Systems
MMSI
$5.44B
| $718K | ﹤0.01% |
50,200
+10,400
| +26% | +$154K |
|
|
HAYN
1911
DELISTED
Haynes International, Inc.
HAYN
| $718K | ﹤0.01% |
13,300
+3,100
| +30% | +$160K |
|
1912
Lakeland Financial Corp
LKFN
$1.54B
| $716K | ﹤0.01% |
26,700
+6,000
| +29% | +$153K |
|
|
BFS
1913
Saul Centers
BFS
$853M
| $714K | ﹤0.01% |
15,083
+5,900
| +64% | +$275K |
|
1914
CTS Corp
CTS
$1.83B
| $714K | ﹤0.01% |
34,200
+7,800
| +30% | +$155K |
|
1915
Piper Sandler
PIPR
$5.35B
| $714K | ﹤0.01% |
62,400
+12,400
| +25% | +$126K |
|
|
DRII
1916
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $714K | ﹤0.01% |
42,100
+30,700
| +269% | +$553K |
|
|
SBY
1917
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $710K | ﹤0.01% |
45,766
+12,300
| +37% | +$196K |
|
1918
Tejon Ranch
TRC
$447M
| $707K | ﹤0.01% |
21,527
+7,931
| +58% | +$269K |
|
|
CGRN
1919
DELISTED
Capstone Green Energy Corporation Common Stock
CGRN
| $707K | ﹤0.01% |
1,659
+408
| +33% | +$146K |
|
1920
Myers Industries
MYE
$1.21B
| $705K | ﹤0.01% |
35,400
+7,100
| +25% | +$142K |
|
|
CGI
1921
DELISTED
Celadon Group Inc
CGI
| $700K | ﹤0.01% |
29,100
+6,100
| +27% | +$133K |
|
|
HERO
1922
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $700K | ﹤0.01% |
152,400
+34,500
| +29% | +$173K |
|
1923
Barings BDC
BBDC
$975M
| $699K | ﹤0.01% |
27,000
+2,000
| +8% | +$54.6K |
|
1924
Clean Energy Fuels
CLNE
$377M
| $699K | ﹤0.01% |
78,200
+17,300
| +28% | +$180K |
|
1925
Noodles & Co
NDLS
$93M
| $699K | ﹤0.01% |
2,213
+1,050
| +90% | +$315K |
|
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.