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 | |
|---|---|---|---|---|---|---|
|
AAMI
1901
Acadian Asset Management
AAMI
$3.23B
| $810K | ﹤0.01% |
52,560
+7,000
| +15% | +$118K |
|
|
FARO
1902
DELISTED
Faro Technologies
FARO
| $809K | ﹤0.01% |
23,100
+2,900
| +14% | +$115K |
|
|
AIMC
1903
DELISTED
Altra Industrial Motion Corp
AIMC
| $809K | ﹤0.01% |
35,000
+4,100
| +13% | +$103K |
|
|
AEGN
1904
DELISTED
Aegion Corp
AEGN
| $809K | ﹤0.01% |
49,100
+5,500
| +13% | +$99.4K |
|
|
TMHC
1905
DELISTED
Taylor Morrison
TMHC
| $808K | ﹤0.01% |
43,300
+5,500
| +15% | +$109K |
|
1906
Inogen
INGN
$156M
| $806K | ﹤0.01% |
16,600
+2,500
| +18% | +$119K |
|
1907
Kforce
KFRC
$1.03B
| $804K | ﹤0.01% |
30,600
+4,000
| +15% | +$102K |
|
1908
Universal Electronics
UEIC
$74.5M
| $803K | ﹤0.01% |
19,100
+2,800
| +17% | +$134K |
|
1909
Materion
MTRN
$5.98B
| $802K | ﹤0.01% |
26,700
+3,400
| +15% | +$109K |
|
|
NSM
1910
DELISTED
Nationstar Mortgage Holdings
NSM
| $802K | ﹤0.01% |
57,800
+6,500
| +13% | +$109K |
|
|
WWE
1911
DELISTED
World Wrestling Entertainment
WWE
| $801K | ﹤0.01% |
47,400
+6,700
| +16% | +$125K |
|
|
RFP
1912
DELISTED
Resolute Forest Products Inc.
RFP
| $799K | ﹤0.01% |
96,200
+11,200
| +13% | +$109K |
|
|
DCOM
1913
DELISTED
Dime Community Bancshares
DCOM
| $798K | ﹤0.01% |
47,200
+5,400
| +13% | +$91.6K |
|
|
WAC
1914
DELISTED
Walter Investment Mgt Corp
WAC
| $796K | ﹤0.01% |
49,000
+6,300
| +15% | +$114K |
|
|
WMC
1915
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $795K | ﹤0.01% |
6,303
+720
| +13% | +$98.4K |
|
|
LHCG
1916
DELISTED
LHC Group LLC
LHCG
| $794K | ﹤0.01% |
17,735
+5,935
| +50% | +$261K |
|
|
BFS
1917
Saul Centers
BFS
$840M
| $791K | ﹤0.01% |
15,283
+2,100
| +16% | +$107K |
|
1918
McGrath RentCorp
MGRC
$2.92B
| $790K | ﹤0.01% |
29,600
+4,200
| +17% | +$112K |
|
1919
TriCo Bancshares
TCBK
$1.84B
| $789K | ﹤0.01% |
32,100
+3,500
| +12% | +$85K |
|
1920
M/I Homes
MHO
$3.83B
| $788K | ﹤0.01% |
33,400
+4,100
| +14% | +$102K |
|
|
CBB
1921
DELISTED
Cincinnati Bell Inc.
CBB
| $788K | ﹤0.01% |
50,540
+6,020
| +14% | +$109K |
|
|
NSU
1922
DELISTED
Nevsun Resources Ltd.
NSU
| $788K | ﹤0.01% |
269,700
+32,800
| +14% | +$102K |
|
|
CIR
1923
DELISTED
CIRCOR International, Inc
CIR
| $786K | ﹤0.01% |
19,600
+1,800
| +10% | +$83.6K |
|
|
HTLF
1924
DELISTED
Heartland Financial USA, Inc.
HTLF
| $784K | ﹤0.01% |
21,600
+2,800
| +15% | +$103K |
|
1925
TETRA Technologies
TTI
$1.28B
| $781K | ﹤0.01% |
132,100
+16,000
| +14% | +$101K |
|
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.