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 | |
|---|---|---|---|---|---|---|
|
PQUE
2151
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $472K | ﹤0.01% |
82,800
+8,900
| +12% | +$50.7K |
|
|
SMRT
2152
DELISTED
Stein Mart Inc
SMRT
| $471K | ﹤0.01% |
33,600
+7,600
| +29% | +$103K |
|
|
TXTR
2153
DELISTED
TEXTURA CORPORATION COM
TXTR
| $471K | ﹤0.01% |
18,700
+8,000
| +75% | +$228K |
|
|
XCRA
2154
DELISTED
Xcerra Corporation
XCRA
| $470K | ﹤0.01% |
52,700
+9,500
| +22% | +$85.3K |
|
|
ENTR
2155
DELISTED
ENTROPIC COMMUNICATIONS INC COM STK (DE)
ENTR
| $470K | ﹤0.01% |
114,800
+22,800
| +25% | +$98.8K |
|
2156
Chefs' Warehouse
CHEF
$4.46B
| $469K | ﹤0.01% |
21,900
+4,600
| +27% | +$111K |
|
2157
Mercury Systems
MRCY
$6.53B
| $468K | ﹤0.01% |
35,400
+7,000
| +25% | +$79.5K |
|
2158
National Presto Industries
NPK
$1.01B
| $468K | ﹤0.01% |
6,000
+1,200
| +25% | +$93.8K |
|
|
RPRX
2159
DELISTED
Repros Therapeutics Inc.
RPRX
| $468K | ﹤0.01% |
26,400
+6,200
| +31% | +$120K |
|
2160
Vaalco Energy
EGY
$616M
| $467K | ﹤0.01% |
54,600
+13,100
| +32% | +$87.9K |
|
|
EOPN
2161
DELISTED
E2OPEN INC COM STK (DE)
EOPN
| $467K | ﹤0.01% |
19,800
+11,400
| +136% | +$287K |
|
2162
EPAM Systems
EPAM
$5.1B
| $466K | ﹤0.01% |
14,162
+3,300
| +30% | +$125K |
|
|
AMWD
2163
DELISTED
American Woodmark
AMWD
| $465K | ﹤0.01% |
13,800
+2,900
| +27% | +$99.6K |
|
2164
Barrett Business Services
BBSI
$763M
| $465K | ﹤0.01% |
31,200
+7,200
| +30% | +$134K |
|
2165
Clear Channel Outdoor Holdings
CCO
$1.23B
| $463K | ﹤0.01% |
50,800
+8,100
| +19% | +$77.4K |
|
2166
Simmons First National
SFNC
$3.42B
| $463K | ﹤0.01% |
24,856
+7,000
| +39% | +$126K |
|
|
KCG
2167
DELISTED
KCG Holdings, Inc.
KCG
| $462K | ﹤0.01% |
38,699
+6,600
| +21% | +$77.9K |
|
|
AVIV
2168
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
| $462K | ﹤0.01% |
18,900
+3,800
| +25% | +$92.7K |
|
|
TGB
2169
Trekor Metals
TGB
$3.2B
| $459K | ﹤0.01% |
231,000
+45,600
| +25% | +$94.6K |
|
|
XOMA
2170
DELISTED
Xoma
XOMA
| $458K | ﹤0.01% |
4,395
+1,005
| +30% | +$146K |
|
|
GTS
2171
DELISTED
Triple-S Management Corporation
GTS
| $458K | ﹤0.01% |
29,851
+6,411
| +27% | +$107K |
|
|
LIOX
2172
DELISTED
Lionbridge Technologies
LIOX
| $458K | ﹤0.01% |
68,200
+10,800
| +19% | +$69.6K |
|
|
LF
2173
DELISTED
LEAPFROG ENTERPRISES INC.
LF
| $458K | ﹤0.01% |
61,000
+16,000
| +36% | +$117K |
|
|
OB
2174
DELISTED
Onebeacon Insurance Group Ltd
OB
| $455K | ﹤0.01% |
29,400
+3,200
| +12% | +$48.8K |
|
|
SGI
2175
DELISTED
Silicon Graphics Intl.
SGI
| $454K | ﹤0.01% |
37,000
+7,300
| +25% | +$93.4K |
|
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.