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 | |
|---|---|---|---|---|---|---|
2201
Coeur Mining
CDE
$19.1B
| $479K | ﹤0.01% |
169,800
+20,600
| +14% | +$74.9K |
|
|
RTEC
2202
DELISTED
Rudolph Technologies Inc
RTEC
| $478K | ﹤0.01% |
38,400
+3,200
| +9% | +$39.3K |
|
2203
Cleveland-Cliffs
CLF
$7.08B
| $477K | ﹤0.01% |
195,400
+21,100
| +12% | +$67.3K |
|
2204
NN Inc
NNBR
$301M
| $477K | ﹤0.01% |
25,800
+4,700
| +22% | +$109K |
|
|
OSIR
2205
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
| $475K | ﹤0.01% |
25,700
+3,700
| +17% | +$71.4K |
|
|
AERI
2206
DELISTED
Aerie Pharmaceuticals
AERI
| $474K | ﹤0.01% |
26,700
+4,300
| +19% | +$77.9K |
|
|
LL
2207
DELISTED
LL Flooring Holdings, Inc.
LL
| $473K | ﹤0.01% |
36,000
+4,500
| +14% | +$73.9K |
|
2208
Barnes & Noble Education
BNED
$435M
| $471K | ﹤0.01% |
+371
| New | +$480K |
|
|
VCRA
2209
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $471K | ﹤0.01% |
41,300
+4,800
| +13% | +$56.2K |
|
|
YELL
2210
DELISTED
Yellow Corporation Common Stock
YELL
| $468K | ﹤0.01% |
35,300
+12,400
| +54% | +$194K |
|
2211
Rayonier Advanced Materials
RYAM
$590M
| $467K | ﹤0.01% |
76,350
+27,300
| +56% | +$276K |
|
|
FGL
2212
DELISTED
Fidelity & Guaranty Life
FGL
| $464K | ﹤0.01% |
18,900
+2,400
| +15% | +$59.6K |
|
2213
BancFirst
BANF
$3.82B
| $461K | ﹤0.01% |
14,600
+2,400
| +20% | +$75.5K |
|
2214
TG Therapeutics
TGTX
$7.64B
| $460K | ﹤0.01% |
45,600
+10,700
| +31% | +$159K |
|
|
ONCE
2215
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $459K | ﹤0.01% |
11,000
+1,400
| +15% | +$73.1K |
|
2216
Beazer Homes USA
BZH
$874M
| $457K | ﹤0.01% |
34,300
+4,600
| +15% | +$80.2K |
|
2217
Clear Channel Outdoor Holdings
CCO
$1.23B
| $457K | ﹤0.01% |
64,100
+7,300
| +13% | +$62.7K |
|
2218
Modine Manufacturing
MOD
$10.5B
| $457K | ﹤0.01% |
58,100
+8,000
| +16% | +$74.6K |
|
|
AD
2219
Array Digital Infrastructure
AD
$3.01B
| $457K | ﹤0.01% |
12,900
+2,000
| +18% | +$73.2K |
|
2220
Park Aerospace
PKE
$815M
| $456K | ﹤0.01% |
25,900
+3,500
| +16% | +$61.9K |
|
|
CEL
2221
DELISTED
Cellcom Israel, Ltd.
CEL
| $455K | ﹤0.01% |
72,628
+9,955
| +16% | +$59.1K |
|
|
LNCO
2222
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $454K | ﹤0.01% |
167,536
+21,500
| +15% | +$94.3K |
|
|
SRDX
2223
DELISTED
Surmodics
SRDX
| $452K | ﹤0.01% |
20,700
+2,200
| +12% | +$51.6K |
|
2224
Arrow Financial
AROW
$644M
| $450K | ﹤0.01% |
21,373
+1,679
| +9% | +$35.6K |
|
|
TBHC
2225
DELISTED
The Brand House Collective
TBHC
| $448K | ﹤0.01% |
20,800
+2,600
| +14% | +$65.3K |
|
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.