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 | |
|---|---|---|---|---|---|---|
2051
AeroVironment
AVAV
$9.92B
| $635K | ﹤0.01% |
31,700
+4,100
| +15% | +$99.8K |
|
|
XIFR
2052
XPLR Infrastructure LP
XIFR
$1.08B
| $634K | ﹤0.01% |
29,100
+12,200
| +72% | +$382K |
|
|
WLH
2053
DELISTED
WILLIAM LYON HOMES
WLH
| $634K | ﹤0.01% |
30,800
+7,400
| +32% | +$176K |
|
|
QUOT
2054
DELISTED
Quotient Technology Inc
QUOT
| $633K | ﹤0.01% |
70,300
+10,300
| +17% | +$102K |
|
2055
ICF International
ICFI
$1.62B
| $632K | ﹤0.01% |
20,800
+3,400
| +20% | +$117K |
|
|
CONN
2056
DELISTED
Conn's Inc.
CONN
| $632K | ﹤0.01% |
26,300
+3,100
| +13% | +$101K |
|
2057
Helix Energy Solutions
HLX
$1.5B
| $630K | ﹤0.01% |
131,600
+16,800
| +15% | +$134K |
|
|
DTSI
2058
DELISTED
DTS, Inc.
DTSI
| $627K | ﹤0.01% |
23,500
+3,100
| +15% | +$86.7K |
|
|
CRR
2059
DELISTED
Carbo Ceramics Inc.
CRR
| $625K | ﹤0.01% |
32,900
+9,000
| +38% | +$262K |
|
|
SFS
2060
DELISTED
Smart & Final Stores, Inc.
SFS
| $624K | ﹤0.01% |
39,700
+5,000
| +14% | +$83.4K |
|
2061
Lattice Semiconductor
LSCC
$17.9B
| $621K | ﹤0.01% |
161,200
+18,000
| +13% | +$82.9K |
|
|
RVNC
2062
DELISTED
Revance Therapeutics, Inc.
RVNC
| $620K | ﹤0.01% |
20,850
+1,400
| +7% | +$42.5K |
|
|
WCIC
2063
DELISTED
WCI Communities, Inc.
WCIC
| $620K | ﹤0.01% |
27,400
+7,300
| +36% | +$176K |
|
2064
Installed Building Products
IBP
$6.63B
| $618K | ﹤0.01% |
24,433
+8,133
| +50% | +$219K |
|
|
RLYP
2065
DELISTED
RELYPSA INC COM
RLYP
| $618K | ﹤0.01% |
33,400
+4,300
| +15% | +$118K |
|
2066
Moelis & Co
MC
$4.93B
| $617K | ﹤0.01% |
23,500
+2,800
| +14% | +$79.1K |
|
2067
Agree Realty
ADC
$9.13B
| $615K | ﹤0.01% |
20,600
+3,000
| +17% | +$89.4K |
|
|
ININ
2068
DELISTED
Interactive Intelligence Group, inc.
ININ
| $612K | ﹤0.01% |
20,600
+3,000
| +17% | +$115K |
|
2069
Acacia Research
ACTG
$451M
| $611K | ﹤0.01% |
67,300
+8,700
| +15% | +$78.3K |
|
|
MESG
2070
DELISTED
XURA INC COM (DE)
MESG
| $611K | ﹤0.01% |
27,300
+3,300
| +14% | +$66K |
|
2071
Interparfums
IPAR
$3.84B
| $610K | ﹤0.01% |
24,600
+2,900
| +13% | +$82.3K |
|
2072
Patrick Industries
PATK
$2.81B
| $610K | ﹤0.01% |
34,763
+4,725
| +16% | +$83.3K |
|
|
RPTP
2073
DELISTED
RAPTOR PHARMACEUTICAL CORP COM STK (DE)
RPTP
| $609K | ﹤0.01% |
100,700
+15,400
| +18% | +$189K |
|
|
AXDX
2074
DELISTED
Accelerate Diagnostics
AXDX
| $607K | ﹤0.01% |
3,750
+1,140
| +44% | +$247K |
|
2075
CEVA Inc
CEVA
$868M
| $607K | ﹤0.01% |
32,700
+4,200
| +15% | +$77.4K |
|
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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.