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 | |
|---|---|---|---|---|---|---|
|
ARII
2276
DELISTED
American Railcar Industries, Inc.
ARII
| $416K | ﹤0.01% |
11,500
+1,900
| +20% | +$78K |
|
|
IBTX
2277
DELISTED
Independent Bank Group, Inc.
IBTX
| $415K | ﹤0.01% |
10,800
+1,700
| +19% | +$71.7K |
|
2278
Fortuna Silver Mines
FSM
$3.21B
| $414K | ﹤0.01% |
189,300
+28,100
| +17% | +$75K |
|
|
GNMK
2279
DELISTED
GenMark Diagnostics, Inc
GNMK
| $414K | ﹤0.01% |
52,600
+8,400
| +19% | +$77.7K |
|
|
BHBK
2280
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $414K | ﹤0.01% |
29,900
+5,700
| +24% | +$81.8K |
|
2281
Tredegar Corp
TG
$275M
| $413K | ﹤0.01% |
31,600
+4,800
| +18% | +$80.2K |
|
2282
STAAR Surgical
STAA
$1.24B
| $410K | ﹤0.01% |
52,800
+5,300
| +11% | +$43.6K |
|
|
FPRX
2283
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $408K | ﹤0.01% |
26,500
+3,300
| +14% | +$70.9K |
|
|
SGNT
2284
DELISTED
SAGENT PHARMACEUTICALS INC COM STK (DE)
SGNT
| $408K | ﹤0.01% |
26,600
+3,900
| +17% | +$84.3K |
|
2285
Park-Ohio Holdings
PKOH
$691M
| $404K | ﹤0.01% |
14,000
+1,600
| +13% | +$64.2K |
|
2286
Extreme Networks
EXTR
$3.14B
| $403K | ﹤0.01% |
120,000
+24,000
| +25% | +$66.9K |
|
2287
Peoples Bancorp
PEBO
$1.47B
| $403K | ﹤0.01% |
19,400
+2,900
| +18% | +$63.5K |
|
2288
The Bancorp
TBBK
$2.83B
| $402K | ﹤0.01% |
52,700
+7,200
| +16% | +$60.1K |
|
|
WIFI
2289
DELISTED
Boingo Wireless, Inc.
WIFI
| $402K | ﹤0.01% |
48,500
+5,200
| +12% | +$44.6K |
|
|
SQI
2290
DELISTED
SCIQUEST, INC. COMMON STOCK
SQI
| $402K | ﹤0.01% |
40,188
+4,700
| +13% | +$57.3K |
|
2291
Daktronics
DAKT
$1.02B
| $401K | ﹤0.01% |
46,300
+5,900
| +15% | +$60.5K |
|
2292
Ezcorp Inc
EZPW
$1.66B
| $400K | ﹤0.01% |
64,800
+8,000
| +14% | +$50.6K |
|
2293
Powell Industries
POWL
$7.59B
| $400K | ﹤0.01% |
39,900
+5,100
| +15% | +$50.5K |
|
|
ACAT
2294
DELISTED
Arctic Cat Inc
ACAT
| $399K | ﹤0.01% |
18,000
+2,200
| +14% | +$61.6K |
|
2295
Titan International
TWI
$461M
| $398K | ﹤0.01% |
60,200
+7,700
| +15% | +$67K |
|
|
STB
2296
DELISTED
Student Transportation Inc
STB
| $398K | ﹤0.01% |
98,558
+15,047
| +18% | +$63.5K |
|
2297
Univest Financial
UVSP
$1.18B
| $397K | ﹤0.01% |
20,678
+3,000
| +17% | +$59.1K |
|
|
LIOX
2298
DELISTED
Lionbridge Technologies
LIOX
| $397K | ﹤0.01% |
80,300
+9,000
| +13% | +$50.2K |
|
2299
Chefs' Warehouse
CHEF
$4.46B
| $396K | ﹤0.01% |
28,000
+5,000
| +22% | +$85.1K |
|
2300
OraSure Technologies
OSUR
$268M
| $396K | ﹤0.01% |
89,300
+11,900
| +15% | +$62.1K |
|
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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.