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 | |
|---|---|---|---|---|---|---|
|
GLBR
2076
DELISTED
Global Brokerage, Inc. Class A Common Stock
GLBR
| $551K | ﹤0.01% |
3,730
+950
| +34% | +$158K |
|
2077
Comtech Telecommunications
CMTL
$52.4M
| $548K | ﹤0.01% |
17,200
+3,900
| +29% | +$123K |
|
2078
Rockwell Medical
RMTI
$27.9M
| $548K | ﹤0.01% |
394
+87
| +28% | +$113K |
|
2079
Builders FirstSource
BLDR
$7.9B
| $545K | ﹤0.01% |
59,800
+9,500
| +19% | +$77.1K |
|
|
UCB
2080
United Community Banks
UCB
$4.33B
| $545K | ﹤0.01% |
28,100
+6,100
| +28% | +$108K |
|
2081
Oxford Square Capital
OXSQ
$153M
| $543K | ﹤0.01% |
55,500
+4,700
| +9% | +$48.1K |
|
2082
Beazer Homes USA
BZH
$877M
| $542K | ﹤0.01% |
27,000
+6,500
| +32% | +$142K |
|
2083
HealthStream
HSTM
$850M
| $542K | ﹤0.01% |
20,300
+5,500
| +37% | +$163K |
|
|
FFG
2084
DELISTED
FBL Financial Group
FFG
| $537K | ﹤0.01% |
12,400
+2,800
| +29% | +$116K |
|
2085
MiMedx Group
MDXG
$627M
| $536K | ﹤0.01% |
87,500
+23,900
| +38% | +$176K |
|
|
PVG
2086
DELISTED
PRETIUM RESOURCES INC.
PVG
| $536K | ﹤0.01% |
92,000
+18,300
| +25% | +$113K |
|
|
CALD
2087
DELISTED
Callidus Software, Inc.
CALD
| $536K | ﹤0.01% |
42,800
+10,900
| +34% | +$143K |
|
2088
Harte-Hanks
HHS
$18.5M
| $535K | ﹤0.01% |
6,050
+1,090
| +22% | +$84.8K |
|
2089
Douglas Dynamics
PLOW
$977M
| $535K | ﹤0.01% |
30,700
+5,600
| +22% | +$90.7K |
|
|
HTO
2090
H2O America
HTO
$2.57B
| $535K | ﹤0.01% |
18,100
+3,600
| +25% | +$104K |
|
|
SIMG
2091
DELISTED
SILICON IMAGE INC
SIMG
| $535K | ﹤0.01% |
77,600
+19,700
| +34% | +$121K |
|
|
CVGW
2092
DELISTED
Calavo Growers
CVGW
| $534K | ﹤0.01% |
15,000
+3,400
| +29% | +$108K |
|
|
GLDD
2093
DELISTED
Great Lakes Dredge & Dock
GLDD
| $532K | ﹤0.01% |
58,300
+14,500
| +33% | +$124K |
|
2094
MYR Group
MYRG
$5.21B
| $532K | ﹤0.01% |
21,000
+5,400
| +35% | +$131K |
|
2095
PDF Solutions
PDFS
$2.06B
| $531K | ﹤0.01% |
29,200
+6,800
| +30% | +$150K |
|
|
WLT
2096
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $531K | ﹤0.01% |
70,200
+15,900
| +29% | +$175K |
|
|
DNDN
2097
DELISTED
DENDREON CORPORATION
DNDN
| $527K | ﹤0.01% |
176,200
+39,700
| +29% | +$118K |
|
2098
Central Pacific Financial
CPF
$1B
| $525K | ﹤0.01% |
26,000
+5,900
| +29% | +$116K |
|
2099
CEVA Inc
CEVA
$843M
| $523K | ﹤0.01% |
29,800
+5,500
| +23% | +$94.4K |
|
|
SREV
2100
DELISTED
ServiceSource International, Inc.
SREV
| $522K | ﹤0.01% |
61,800
+14,900
| +32% | +$125K |
|
Similar funds
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.