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 | |
|---|---|---|---|---|---|---|
|
CHUY
1926
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $699K | ﹤0.01% |
16,200
+3,900
| +32% | +$151K |
|
|
MANT
1927
DELISTED
Mantech International Corp
MANT
| $697K | ﹤0.01% |
23,700
+6,100
| +35% | +$179K |
|
1928
American Public Education
APEI
$839M
| $695K | ﹤0.01% |
19,800
+4,100
| +26% | +$166K |
|
1929
Weis Markets
WMK
$1.76B
| $694K | ﹤0.01% |
14,100
+3,000
| +27% | +$149K |
|
|
SALE
1930
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $694K | ﹤0.01% |
21,700
+4,500
| +26% | +$167K |
|
|
DRIV
1931
DELISTED
DIGITAL RIVER INC.
DRIV
| $694K | ﹤0.01% |
39,800
+6,600
| +20% | +$117K |
|
1932
WSFS Financial
WSFS
$4.15B
| $693K | ﹤0.01% |
29,100
+6,600
| +29% | +$159K |
|
1933
Resources Connection
RGP
$145M
| $690K | ﹤0.01% |
49,000
+9,400
| +24% | +$132K |
|
1934
TTEC Holdings
TTEC
$83.7M
| $689K | ﹤0.01% |
28,100
+5,300
| +23% | +$123K |
|
|
DCOM
1935
DELISTED
Dime Community Bancshares
DCOM
| $689K | ﹤0.01% |
40,600
+8,100
| +25% | +$135K |
|
1936
LivePerson
LPSN
$33.4M
| $688K | ﹤0.01% |
3,800
+793
| +26% | +$159K |
|
|
NAVG
1937
DELISTED
Navigators Group Inc
NAVG
| $688K | ﹤0.01% |
22,400
+5,400
| +32% | +$165K |
|
|
BLT
1938
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $685K | ﹤0.01% |
57,600
+12,600
| +28% | +$160K |
|
|
CFNL
1939
DELISTED
Cardinal Financial Corp
CFNL
| $685K | ﹤0.01% |
38,400
+7,700
| +25% | +$136K |
|
|
ADAM
1940
Adamas Trust
ADAM
$919M
| $684K | ﹤0.01% |
21,975
+6,225
| +40% | +$184K |
|
|
FBC
1941
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $684K | ﹤0.01% |
30,800
+5,600
| +22% | +$118K |
|
1942
Denison Mines
DNN
$3B
| $683K | ﹤0.01% |
461,800
+102,000
| +28% | +$144K |
|
|
RSE
1943
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $683K | ﹤0.01% |
39,600
+14,100
| +55% | +$257K |
|
1944
CorVel
CRVL
$3.09B
| $682K | ﹤0.01% |
41,100
+8,100
| +25% | +$130K |
|
|
OREX
1945
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $682K | ﹤0.01% |
10,490
+2,390
| +30% | +$162K |
|
|
XXIA
1946
DELISTED
Ixia
XXIA
| $681K | ﹤0.01% |
54,500
+12,900
| +31% | +$165K |
|
|
PGI
1947
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $679K | ﹤0.01% |
56,300
+11,800
| +27% | +$134K |
|
|
FURX
1948
DELISTED
FURIEX PHARMACEUTICALS INC COM STK (DE)
FURX
| $679K | ﹤0.01% |
7,800
+1,400
| +22% | +$108K |
|
1949
Modine Manufacturing
MOD
$10.5B
| $678K | ﹤0.01% |
46,300
+10,500
| +29% | +$145K |
|
1950
VirnetX Holding Corp
VHC
$62.5M
| $678K | ﹤0.01% |
2,390
+555
| +30% | +$193K |
|
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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.