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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$52.4M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$15M |
| 3 |
Capri Holdings
CPRI
|
+$14.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.25M |
| 5 |
Apple
AAPL
|
+$7.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$127M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$53M |
| 3 |
FON
SPRINT CORP FON COM
FON
|
+$22.5M |
| 4 |
NWS
THE NEWS CORPORATION LTD CL-B
NWS
|
+$15.3M |
| 5 |
BMC
BMC SOFTWARE, INC
BMC
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13% |
| 2 | Healthcare | 12.66% |
| 3 | Energy | 12.06% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Staples | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LAYN
2101
DELISTED
Layne Christensen Co
LAYN
| $379K | ﹤0.01% |
19,000
-100
| -0.5% | -$1.97K |
|
|
GCOM
2102
DELISTED
GLOBECOMM SYSTEMS INC
GCOM
| $379K | ﹤0.01% |
27,000
| – | – |
|
|
AMWD
2103
DELISTED
American Woodmark
AMWD
| $378K | ﹤0.01% |
10,900
-600
| -5% | -$21.5K |
|
2104
Marten Transport
MRTN
$1.2B
| $378K | ﹤0.01% |
55,125
-3,750
| -6% | -$26K |
|
2105
Green Plains
GPRE
$1.06B
| $376K | ﹤0.01% |
23,400
-1,300
| -5% | -$21K |
|
2106
Medifast
MED
$135M
| $376K | ﹤0.01% |
14,000
-1,700
| -11% | -$45.5K |
|
2107
OraSure Technologies
OSUR
$276M
| $376K | ﹤0.01% |
62,500
-4,000
| -6% | -$20K |
|
2108
US Physical Therapy
USPH
$1.22B
| $376K | ﹤0.01% |
12,100
| – | – |
|
|
ENOC
2109
DELISTED
EnerNOC, Inc.
ENOC
| $376K | ﹤0.01% |
25,100
| – | – |
|
2110
EPAM Systems
EPAM
$5.02B
| $375K | ﹤0.01% |
10,862
| – | – |
|
2111
Qualys
QLYS
$6.43B
| $374K | ﹤0.01% |
17,500
| – | – |
|
2112
Ituran Location and Control
ITRN
$1.02B
| $373K | ﹤0.01% |
20,084
| – | – |
|
|
SRDX
2113
DELISTED
Surmodics
SRDX
| $373K | ﹤0.01% |
15,700
-1,000
| -6% | -$21.4K |
|
|
MFRM
2114
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $372K | ﹤0.01% |
11,700
-800
| -6% | -$31.8K |
|
|
FBC
2115
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $372K | ﹤0.01% |
25,200
-1,300
| -5% | -$19.7K |
|
2116
Douglas Dynamics
PLOW
$984M
| $370K | ﹤0.01% |
25,100
-1,300
| -5% | -$18.9K |
|
2117
Allegiant Air
ALGT
$2.41B
| $369K | ﹤0.01% |
3,500
-300
| -8% | -$29.6K |
|
2118
Beazer Homes USA
BZH
$871M
| $369K | ﹤0.01% |
20,500
-1,200
| -6% | -$21.1K |
|
|
CSII
2119
DELISTED
Cardiovascular Systems, Inc.
CSII
| $369K | ﹤0.01% |
18,400
| – | – |
|
2120
Spok Holdings
SPOK
$237M
| $367K | ﹤0.01% |
25,900
-1,600
| -6% | -$23K |
|
2121
First Merchants
FRME
$2.66B
| $366K | ﹤0.01% |
21,100
-2,600
| -11% | -$46.7K |
|
2122
Kforce
KFRC
$1.04B
| $366K | ﹤0.01% |
20,700
-2,500
| -11% | -$41.2K |
|
|
CONE
2123
DELISTED
CyrusOne Inc Common Stock
CONE
| $364K | ﹤0.01% |
19,200
| – | – |
|
|
XONE
2124
DELISTED
The ExOne Company
XONE
| $364K | ﹤0.01% |
8,550
+1,450
| +20% | +$90.9K |
|
|
UAM
2125
DELISTED
Universal American Corp
UAM
| $364K | ﹤0.01% |
47,800
| – | – |
|
Similar funds
Swiss National Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Swiss National Bank held 2,511 positions worth $24B, up 5.4% from $22.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 1.6%. Swiss National Bank opened 11 new positions and exited 29, leaving the 2,511-position portfolio largely intact.
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 Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 1,663,399 shares worth $55.7M.
- Swiss National Bank added most to Alphabet (Google) Class C in Q3 2013, an estimated $8.25M increase.
- Swiss National Bank's biggest Q3 2013 reduction was Mellanox Technologies, Ltd., cutting an estimated $4.12M.
- Swiss National Bank fully exited Berkshire Hathaway Class B in Q3 2013, selling an estimated $127M.
- Swiss National Bank's ten largest holdings make up 14% of its $24B portfolio in Q3 2013.
- Swiss National Bank opened 11 new positions and closed 29 in Q3 2013.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $24B.
Based on Swiss National Bank's 13F filing for Q3 2013, filed 29 Oct 2013.