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 | |
|---|---|---|---|---|---|---|
2026
Hyster-Yale Materials Handling
HY
$619M
| $659K | ﹤0.01% |
11,400
+1,600
| +16% | +$102K |
|
2027
UNIFI
UFI
$129M
| $659K | ﹤0.01% |
22,100
+2,600
| +13% | +$79K |
|
|
CDR
2028
DELISTED
Cedar Realty Trust, Inc
CDR
| $659K | ﹤0.01% |
16,076
+1,849
| +13% | +$79.6K |
|
2029
Atara Biotherapeutics
ATRA
$80.6M
| $657K | ﹤0.01% |
836
+276
| +49% | +$337K |
|
2030
Lands' End
LE
$402M
| $657K | ﹤0.01% |
24,310
+3,500
| +17% | +$87.7K |
|
|
ECHO
2031
DELISTED
Echo Global Logistics, Inc.
ECHO
| $657K | ﹤0.01% |
33,500
+4,700
| +16% | +$126K |
|
2032
Enterprise Financial Services Corp
EFSC
$2.4B
| $656K | ﹤0.01% |
26,064
+2,000
| +8% | +$47.9K |
|
2033
Heritage Insurance Holdings
HRTG
$957M
| $655K | ﹤0.01% |
33,200
+4,300
| +15% | +$91.4K |
|
2034
MYR Group
MYRG
$5.14B
| $655K | ﹤0.01% |
25,000
+4,000
| +19% | +$115K |
|
|
SAAS
2035
DELISTED
inContact, Inc.
SAAS
| $655K | ﹤0.01% |
87,200
+10,800
| +14% | +$89.2K |
|
2036
Cass Information Systems
CASS
$736M
| $653K | ﹤0.01% |
17,556
+1,848
| +12% | +$72.1K |
|
|
ITG
2037
DELISTED
Investment Technology Group Inc
ITG
| $652K | ﹤0.01% |
48,900
+4,700
| +11% | +$87.1K |
|
|
LDL
2038
DELISTED
Lydall, Inc.
LDL
| $650K | ﹤0.01% |
22,800
+3,400
| +18% | +$97.2K |
|
|
CKEC
2039
DELISTED
Carmike Cinemas Inc
CKEC
| $649K | ﹤0.01% |
32,320
+4,200
| +15% | +$101K |
|
2040
Phibro Animal Health
PAHC
$1.38B
| $645K | ﹤0.01% |
20,400
+2,600
| +15% | +$94.9K |
|
2041
Supernus Pharmaceuticals
SUPN
$2.73B
| $645K | ﹤0.01% |
46,000
+6,200
| +16% | +$115K |
|
2042
StoneX
SNEX
$7.96B
| $644K | ﹤0.01% |
132,131
+11,137
| +9% | +$62.4K |
|
|
IVC
2043
DELISTED
Invacare Corporation
IVC
| $644K | ﹤0.01% |
44,500
+5,200
| +13% | +$91K |
|
|
GSIG
2044
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $644K | ﹤0.01% |
50,600
+5,900
| +13% | +$79.8K |
|
|
HNGR
2045
DELISTED
Hanger Inc.
HNGR
| $641K | ﹤0.01% |
47,000
+5,800
| +14% | +$112K |
|
|
GLUU
2046
DELISTED
Glu Mobile Inc.
GLUU
| $641K | ﹤0.01% |
146,600
+20,300
| +16% | +$104K |
|
|
XLRN
2047
DELISTED
Acceleron Pharma
XLRN
| $640K | ﹤0.01% |
25,700
+3,700
| +17% | +$111K |
|
2048
Matsons
MATX
$6.11B
| $639K | ﹤0.01% |
16,600
+1,800
| +12% | +$71.1K |
|
|
BNFT
2049
DELISTED
Benefitfocus, Inc.
BNFT
| $638K | ﹤0.01% |
20,400
+6,600
| +48% | +$252K |
|
2050
Amkor Technology
AMKR
$13.5B
| $637K | ﹤0.01% |
141,800
+17,900
| +14% | +$88K |
|
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.