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
|
+$62.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$43.7M |
| 3 |
AvalonBay Communities
AVB
|
+$36.7M |
| 4 |
Simon Property Group
SPG
|
+$36.4M |
| 5 |
AGNC Investment
AGNC
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.7M |
| 2 |
Cencora
COR
|
+$39.6M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$35.8M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$30M |
| 5 |
Ecolab
ECL
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.29% |
| 2 | Technology | 14.5% |
| 3 | Industrials | 10.63% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVTA
1976
DELISTED
Avantax, Inc. Common Stock
AVTA
| $753K | ﹤0.01% |
46,600
| – | – |
|
|
MWW
1977
DELISTED
Monster Worldwide Inc
MWW
| $751K | ﹤0.01% |
114,800
+4,500
| +4% | +$28K |
|
|
HEES
1978
DELISTED
H&E Equipment Services
HEES
| $749K | ﹤0.01% |
37,500
+1,100
| +3% | +$26.3K |
|
|
BFX
1979
DELISTED
BowFlex Inc.
BFX
| $749K | ﹤0.01% |
34,800
+8,200
| +31% | +$163K |
|
1980
Biglari Holdings Class B
BH
$1.2B
| $748K | ﹤0.01% |
2,711
| – | – |
|
1981
Customers Bancorp
CUBI
$2.8B
| $748K | ﹤0.01% |
27,800
+1,000
| +4% | +$25.6K |
|
|
STNR
1982
DELISTED
STEINER LEISURE LTD
STNR
| $748K | ﹤0.01% |
13,900
| – | – |
|
1983
AtriCure
ATRC
$2.18B
| $747K | ﹤0.01% |
30,300
+9,600
| +46% | +$214K |
|
|
CAMP
1984
DELISTED
CalAmp Corp.
CAMP
| $747K | ﹤0.01% |
1,778
+56
| +3% | +$24.5K |
|
|
CKEC
1985
DELISTED
Carmike Cinemas Inc
CKEC
| $746K | ﹤0.01% |
28,120
+1,100
| +4% | +$32.6K |
|
1986
Employers Holdings
EIG
$871M
| $745K | ﹤0.01% |
32,700
+1,300
| +4% | +$31.8K |
|
1987
Standard BioTools
LAB
$309M
| $745K | ﹤0.01% |
30,800
| – | – |
|
|
RATE
1988
DELISTED
Bankrate Inc
RATE
| $743K | ﹤0.01% |
70,800
+7,300
| +11% | +$88.3K |
|
|
XXIA
1989
DELISTED
Ixia
XXIA
| $743K | ﹤0.01% |
59,700
| – | – |
|
1990
Amkor Technology
AMKR
$13.5B
| $741K | ﹤0.01% |
123,900
-30,400
| -20% | -$219K |
|
1991
Gibraltar Industries
ROCK
$1.48B
| $741K | ﹤0.01% |
36,400
+1,100
| +3% | +$20K |
|
1992
TETRA Technologies
TTI
$1.31B
| $741K | ﹤0.01% |
116,100
| – | – |
|
1993
Atara Biotherapeutics
ATRA
$80.6M
| $739K | ﹤0.01% |
+560
| New | +$642K |
|
1994
Cavco Industries
CVCO
$4.57B
| $739K | ﹤0.01% |
9,800
+300
| +3% | +$21.5K |
|
|
FFG
1995
DELISTED
FBL Financial Group
FFG
| $739K | ﹤0.01% |
12,800
+400
| +3% | +$23.7K |
|
|
REMY
1996
DELISTED
REMY INTL INC NEW COMMON
REMY
| $738K | ﹤0.01% |
33,359
| – | – |
|
1997
Ingles Markets
IMKTA
$1.65B
| $736K | ﹤0.01% |
15,400
+1,000
| +7% | +$48.2K |
|
1998
Interparfums
IPAR
$3.84B
| $736K | ﹤0.01% |
21,700
+600
| +3% | +$19.9K |
|
|
PGTI
1999
DELISTED
PGT, Inc.
PGTI
| $736K | ﹤0.01% |
50,700
+12,800
| +34% | +$159K |
|
|
SN
2000
DELISTED
Sanchez Energy Corporation
SN
| $736K | ﹤0.01% |
75,100
+18,200
| +32% | +$220K |
|
Similar funds
Swiss National Bank's Q2 2015 Portfolio in Review
As of Q2 2015, Swiss National Bank held 2,650 positions worth $38.6B, up 3% from $37.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank deployed $1.55B of net new capital in Q2 2015, opening 104 new positions and adding to 1,775 existing holdings. Its largest new stake was Aramark: 434,198 shares worth $9.71M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Qualcomm, an estimated $52.7M trimmed.
- Swiss National Bank's largest Q2 2015 buy was Aramark: 434,198 shares worth $9.71M.
- Swiss National Bank added most to Apple in Q2 2015, an estimated $62.7M increase.
- Swiss National Bank's biggest Q2 2015 reduction was Qualcomm, cutting an estimated $52.7M.
- Swiss National Bank fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $35.8M.
- Swiss National Bank's ten largest holdings make up 14% of its $38.6B portfolio in Q2 2015.
- Swiss National Bank opened 104 new positions and closed 70 in Q2 2015.
- Swiss National Bank's portfolio value rose 3% quarter-over-quarter to $38.6B.
Based on Swiss National Bank's 13F filing for Q2 2015, filed 5 Aug 2015.