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 |
CNH
CNH Industrial
CNH
|
+$68.3M |
| 2 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$42.1M |
| 3 |
Merck
MRK
|
+$40.2M |
| 4 |
Qualcomm
QCOM
|
+$34.3M |
| 5 |
Crown Castle
CCI
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$60.5M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$52.3M |
| 3 |
AGNC Investment
AGNC
|
+$49.6M |
| 4 |
Realty Income
O
|
+$42.3M |
| 5 |
Freeport-McMoran
FCX
|
+$37.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.22% |
| 2 | Healthcare | 12.93% |
| 3 | Energy | 11.93% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Staples | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
LyondellBasell Industries
LYB
$19.2B
| $37M | 0.14% |
460,674
-21,300
| -4% | -$1.63M |
|
|
SRCL
177
DELISTED
Stericycle Inc
SRCL
| $36.9M | 0.14% |
317,564
+10,100
| +3% | +$1.18M |
|
178
APA Corp
APA
$13.2B
| $36.4M | 0.14% |
423,032
-1,300
| -0.3% | -$116K |
|
179
NOV
NOV
$7B
| $36.2M | 0.14% |
505,202
-7,874
| -2% | -$572K |
|
180
O'Reilly Automotive
ORLY
$76.3B
| $36.1M | 0.14% |
4,212,615
-84,000
| -2% | -$708K |
|
181
Las Vegas Sands
LVS
$29.6B
| $36.1M | 0.14% |
457,139
-22,000
| -5% | -$1.58M |
|
182
Travelers Companies
TRV
$80.2B
| $36M | 0.14% |
398,016
-9,600
| -2% | -$839K |
|
183
Yum! Brands
YUM
$41.1B
| $36M | 0.14% |
661,554
-36,166
| -5% | -$1.86M |
|
184
J.M. Smucker
SJM
$12.8B
| $35.6M | 0.14% |
343,799
-6,400
| -2% | -$679K |
|
185
Deere & Co
DE
$168B
| $35.4M | 0.14% |
387,519
-11,700
| -3% | -$990K |
|
|
KRFT
186
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $34.2M | 0.13% |
634,663
-9,100
| -1% | -$486K |
|
|
COV
187
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $33.4M | 0.13% |
490,182
-19,300
| -4% | -$1.26M |
|
188
Salesforce
CRM
$158B
| $33.3M | 0.13% |
603,372
-3,600
| -0.6% | -$193K |
|
189
Aflac
AFL
$62.6B
| $33.1M | 0.13% |
991,190
-18,600
| -2% | -$610K |
|
190
Equity Residential
EQR
$25.1B
| $32.6M | 0.13% |
627,820
-8,300
| -1% | -$437K |
|
191
Cognizant
CTSH
$26B
| $32.4M | 0.13% |
642,330
-11,000
| -2% | -$501K |
|
|
CTRX
192
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $31.5M | 0.12% |
664,300
-3,400
| -0.5% | -$160K |
|
193
Healthpeak Properties
DOC
$14.8B
| $31.3M | 0.12% |
946,060
-11,748
| -1% | -$419K |
|
194
CSX Corp
CSX
$93.1B
| $31.2M | 0.12% |
3,257,160
-63,000
| -2% | -$564K |
|
|
RTN
195
DELISTED
Raytheon Company
RTN
| $31.1M | 0.12% |
343,445
-8,100
| -2% | -$676K |
|
196
Norfolk Southern
NSC
$75.1B
| $30.9M | 0.12% |
332,847
-8,400
| -2% | -$721K |
|
197
Marathon Petroleum
MPC
$83.7B
| $30.6M | 0.12% |
667,296
-36,200
| -5% | -$1.39M |
|
|
SJR
198
DELISTED
Shaw Communications Inc.
SJR
| $30.5M | 0.12% |
1,255,500
+13,800
| +1% | +$327K |
|
199
Archer Daniels Midland
ADM
$36.9B
| $30.5M | 0.12% |
702,504
-11,200
| -2% | -$453K |
|
200
Adobe
ADBE
$105B
| $30.4M | 0.12% |
508,483
-7,900
| -2% | -$436K |
|
Similar funds
Swiss National Bank's Q4 2013 Portfolio in Review
As of Q4 2013, Swiss National Bank held 2,581 positions worth $25.6B, up 6.8% from $24B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2013 filing shows 99 new, 547 increased, 645 reduced and 74 closed positions. Its largest new stake was CNH Industrial: 6,808,933 shares worth $67.6M. The largest sale was Annaly Capital Management, an estimated $60.5M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.
- Swiss National Bank's largest Q4 2013 buy was CNH Industrial: 6,808,933 shares worth $67.6M.
- Swiss National Bank added most to Merck in Q4 2013, an estimated $40.2M increase.
- Swiss National Bank's biggest Q4 2013 reduction was Annaly Capital Management, cutting an estimated $60.5M.
- Swiss National Bank fully exited Freeport-McMoran in Q4 2013, selling an estimated $37.3M.
- Swiss National Bank's ten largest holdings make up 14% of its $25.6B portfolio in Q4 2013.
- Swiss National Bank opened 99 new positions and closed 74 in Q4 2013.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $25.6B.
Based on Swiss National Bank's 13F filing for Q4 2013, filed 31 Jan 2014.