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 | |
|---|---|---|---|---|---|---|
|
STBZ
1951
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $678K | ﹤0.01% |
38,300
+7,300
| +24% | +$127K |
|
|
MCRL
1952
DELISTED
MICREL INC
MCRL
| $678K | ﹤0.01% |
61,200
+11,500
| +23% | +$118K |
|
|
HRG
1953
DELISTED
HRG Group, Inc.
HRG
| $678K | ﹤0.01% |
55,400
+17,400
| +46% | +$205K |
|
1954
Vera Bradley
VRA
$95.3M
| $675K | ﹤0.01% |
25,000
+5,200
| +26% | +$133K |
|
|
KEYW
1955
DELISTED
The KEYW Holding Corporation
KEYW
| $674K | ﹤0.01% |
36,000
+5,700
| +19% | +$103K |
|
|
ENOC
1956
DELISTED
EnerNOC, Inc.
ENOC
| $673K | ﹤0.01% |
30,200
+5,100
| +20% | +$108K |
|
|
FNBC
1957
DELISTED
First NBC Bank Holding Company
FNBC
| $673K | ﹤0.01% |
19,300
+7,100
| +58% | +$235K |
|
|
ARII
1958
DELISTED
American Railcar Industries, Inc.
ARII
| $672K | ﹤0.01% |
9,600
+2,500
| +35% | +$144K |
|
|
WPP
1959
DELISTED
WAUSAU PAPER CORP.
WPP
| $670K | ﹤0.01% |
52,600
+10,000
| +23% | +$131K |
|
1960
Amkor Technology
AMKR
$13.5B
| $669K | ﹤0.01% |
97,500
+29,500
| +43% | +$172K |
|
1961
Park Aerospace
PKE
$815M
| $669K | ﹤0.01% |
22,400
+5,000
| +29% | +$143K |
|
1962
S&T Bancorp
STBA
$1.81B
| $668K | ﹤0.01% |
28,200
+7,500
| +36% | +$176K |
|
1963
Gibraltar Industries
ROCK
$1.48B
| $666K | ﹤0.01% |
35,300
+7,400
| +27% | +$134K |
|
|
CKP
1964
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $666K | ﹤0.01% |
49,600
+9,800
| +25% | +$136K |
|
|
CCG
1965
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $665K | ﹤0.01% |
76,600
+15,500
| +25% | +$138K |
|
1966
City Holding Co
CHCO
$2.06B
| $664K | ﹤0.01% |
14,800
+4,000
| +37% | +$180K |
|
1967
Chesapeake Utilities
CPK
$3.22B
| $663K | ﹤0.01% |
15,750
+3,750
| +31% | +$150K |
|
1968
Comfort Systems
FIX
$59.4B
| $663K | ﹤0.01% |
43,500
+9,500
| +28% | +$162K |
|
|
TRST
1969
Trustco Bank Corp NY
TRST
$953M
| $662K | ﹤0.01% |
18,820
+4,800
| +34% | +$163K |
|
|
BNCL
1970
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $661K | ﹤0.01% |
55,105
+9,569
| +21% | +$105K |
|
1971
Community Trust Bancorp
CTBI
$1.42B
| $660K | ﹤0.01% |
17,490
+3,630
| +26% | +$135K |
|
|
PTLA
1972
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $660K | ﹤0.01% |
25,500
+9,400
| +58% | +$251K |
|
|
GDP
1973
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $660K | ﹤0.01% |
41,700
+9,200
| +28% | +$143K |
|
1974
Zumiez
ZUMZ
$322M
| $659K | ﹤0.01% |
27,200
+5,800
| +27% | +$136K |
|
|
TESO
1975
DELISTED
Tesco Corp
TESO
| $659K | ﹤0.01% |
35,600
+8,500
| +31% | +$166K |
|
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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.