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 | |
|---|---|---|---|---|---|---|
|
GNCMA
2226
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $398K | ﹤0.01% |
34,900
+3,700
| +12% | +$39.2K |
|
2227
Talphera
TLPH
$73.2M
| $396K | ﹤0.01% |
1,650
+890
| +117% | +$211K |
|
|
GBL
2228
DELISTED
GAMCO Investors, Inc.
GBL
| $396K | ﹤0.01% |
9,471
+929
| +11% | +$40.5K |
|
2229
Citizens
CIA
$194M
| $394K | ﹤0.01% |
53,300
+7,800
| +17% | +$57K |
|
2230
Marcus Corp
MCS
$921M
| $394K | ﹤0.01% |
23,600
+3,800
| +19% | +$53.3K |
|
|
XOOM
2231
DELISTED
XOOM CORP COM
XOOM
| $394K | ﹤0.01% |
20,200
+4,900
| +32% | +$126K |
|
2232
Calix
CALX
$2.4B
| $392K | ﹤0.01% |
46,500
+7,400
| +19% | +$62K |
|
|
LABL
2233
DELISTED
Multi-Color Corp
LABL
| $392K | ﹤0.01% |
11,200
+3,500
| +45% | +$121K |
|
|
FRM
2234
DELISTED
FURMANITE CORPORATION COM
FRM
| $392K | ﹤0.01% |
39,900
+9,500
| +31% | +$108K |
|
|
JRN
2235
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
| $392K | ﹤0.01% |
44,200
+8,900
| +25% | +$79K |
|
|
SVM
2236
Silvercorp Metals
SVM
$2.7B
| $391K | ﹤0.01% |
199,700
+41,300
| +26% | +$103K |
|
|
BRSS
2237
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $391K | ﹤0.01% |
24,800
+16,500
| +199% | +$278K |
|
|
RT
2238
DELISTED
Ruby Tuesday Georgia
RT
| $391K | ﹤0.01% |
69,700
+11,000
| +19% | +$63.3K |
|
|
PGTI
2239
DELISTED
PGT, Inc.
PGTI
| $389K | ﹤0.01% |
33,800
+10,400
| +44% | +$116K |
|
2240
Qualys
QLYS
$6.43B
| $387K | ﹤0.01% |
15,200
+3,100
| +26% | +$83.6K |
|
|
STFC
2241
DELISTED
State Auto Financial Corp
STFC
| $386K | ﹤0.01% |
18,100
+3,400
| +23% | +$70.7K |
|
|
GAU
2242
Galiano Gold
GAU
$522M
| $385K | ﹤0.01% |
184,500
+92,500
| +101% | +$184K |
|
2243
FormFactor
FORM
$8.79B
| $383K | ﹤0.01% |
59,900
+14,200
| +31% | +$94.4K |
|
|
CLMS
2244
DELISTED
Calamos Asset Management, Inc.
CLMS
| $383K | ﹤0.01% |
29,600
+2,400
| +9% | +$28.7K |
|
|
TC
2245
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
| $383K | ﹤0.01% |
175,300
+22,400
| +15% | +$56.7K |
|
2246
Digi International
DGII
$3.14B
| $381K | ﹤0.01% |
37,500
+6,900
| +23% | +$72.8K |
|
2247
Middlesex Water
MSEX
$1.09B
| $380K | ﹤0.01% |
17,400
+3,300
| +23% | +$67.6K |
|
|
WILN
2248
DELISTED
Wi-LAN Inc.
WILN
| $380K | ﹤0.01% |
126,900
+28,000
| +28% | +$86.8K |
|
|
UAM
2249
DELISTED
Universal American Corp
UAM
| $380K | ﹤0.01% |
53,700
+5,900
| +12% | +$41.8K |
|
|
VOCS
2250
DELISTED
VOCUS INC
VOCS
| $380K | ﹤0.01% |
28,500
+3,300
| +13% | +$42.2K |
|
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.