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 | |
|---|---|---|---|---|---|---|
2251
Cerus
CERS
$508M
| $379K | ﹤0.01% |
79,000
+18,200
| +30% | +$117K |
|
2252
1st Source
SRCE
$2.1B
| $379K | ﹤0.01% |
12,980
+3,410
| +36% | +$96.1K |
|
|
RTEC
2253
DELISTED
Rudolph Technologies Inc
RTEC
| $379K | ﹤0.01% |
33,200
+8,100
| +32% | +$92.3K |
|
|
SSNI
2254
DELISTED
Silver Spring Networks, Inc.
SSNI
| $379K | ﹤0.01% |
21,800
+4,000
| +22% | +$71.6K |
|
|
XNPT
2255
DELISTED
XENOPORT, INC.
XNPT
| $378K | ﹤0.01% |
73,100
+22,500
| +44% | +$136K |
|
|
TAYC
2256
DELISTED
TAYLOR CAPITAL GROUP INC
TAYC
| $376K | ﹤0.01% |
15,700
+1,400
| +10% | +$33.1K |
|
|
BHR
2257
Braemar Hotels & Resorts
BHR
$139M
| $374K | ﹤0.01% |
24,967
+11,716
| +88% | +$194K |
|
2258
MarineMax
HZO
$1.15B
| $374K | ﹤0.01% |
24,600
+5,800
| +31% | +$88K |
|
|
DLLR
2259
DELISTED
DFC GLOBAL CORP COM STK (DE)
DLLR
| $374K | ﹤0.01% |
42,400
+6,800
| +19% | +$60.5K |
|
2260
Stock Yards Bancorp
SYBT
$2.58B
| $372K | ﹤0.01% |
17,616
+5,700
| +48% | +$114K |
|
|
ALJ
2261
DELISTED
Alon USA Energy Inc
ALJ
| $372K | ﹤0.01% |
24,900
+5,500
| +28% | +$83K |
|
|
IMMU
2262
DELISTED
Immunomedics Inc
IMMU
| $371K | ﹤0.01% |
88,200
+20,100
| +30% | +$99.7K |
|
2263
Kratos Defense & Security Solutions
KTOS
$11.7B
| $367K | ﹤0.01% |
48,700
+9,800
| +25% | +$75.8K |
|
|
WLH
2264
DELISTED
WILLIAM LYON HOMES
WLH
| $367K | ﹤0.01% |
13,300
+5,000
| +60% | +$132K |
|
|
ELRC
2265
DELISTED
ELECTRO RENT CORP
ELRC
| $366K | ﹤0.01% |
20,800
+2,900
| +16% | +$51.5K |
|
|
IL
2266
DELISTED
IntraLinks Holdings Inc.
IL
| $365K | ﹤0.01% |
35,700
+6,900
| +24% | +$75.3K |
|
2267
Central Garden & Pet Co Class A
CENTA
$2.39B
| $360K | ﹤0.01% |
54,375
+6,375
| +13% | +$36.1K |
|
|
BBBY
2268
Bed Bath & Beyond
BBBY
$423M
| $359K | ﹤0.01% |
24,224
+4,525
| +23% | +$77.5K |
|
|
TPH
2269
DELISTED
Tri Pointe Homes
TPH
| $359K | ﹤0.01% |
22,100
+2,800
| +15% | +$49.2K |
|
|
WRES
2270
DELISTED
WARREN RESOURCES INC
WRES
| $358K | ﹤0.01% |
74,500
+10,900
| +17% | +$42K |
|
2271
Coca-Cola Consolidated
COKE
$12.4B
| $357K | ﹤0.01% |
42,000
+12,000
| +40% | +$92K |
|
2272
Titan Machinery
TITN
$426M
| $357K | ﹤0.01% |
22,800
+3,900
| +21% | +$63.8K |
|
|
COWN
2273
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $356K | ﹤0.01% |
20,200
+4,250
| +27% | +$70K |
|
2274
Capital Southwest
CSWC
$1.6B
| $354K | ﹤0.01% |
27,785
-817
| -3% | -$10.4K |
|
|
ZEP
2275
DELISTED
ZEP INC COM STK (DE)
ZEP
| $354K | ﹤0.01% |
20,000
+5,200
| +35% | +$89.4K |
|
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.