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 | |
|---|---|---|---|---|---|---|
2301
Plug Power
PLUG
$3.1B
| $395K | ﹤0.01% |
215,600
+29,300
| +16% | +$62.4K |
|
|
SGY
2302
DELISTED
Stone Energy
SGY
| $395K | ﹤0.01% |
1,403
+189
| +16% | +$72.1K |
|
2303
Perdoceo Education
PRDO
$1.95B
| $394K | ﹤0.01% |
104,700
+13,000
| +14% | +$47.3K |
|
|
SQBG
2304
DELISTED
Sequential Brands Group, Inc.
SQBG
| $392K | ﹤0.01% |
678
+110
| +19% | +$71.9K |
|
2305
PetMed Express
PETS
$42.3M
| $391K | ﹤0.01% |
24,300
+2,600
| +12% | +$43.6K |
|
|
ADXS
2306
DELISTED
Advaxis Inc
ADXS
| $390K | ﹤0.01% |
2,540
+347
| +16% | +$83.9K |
|
|
ESPR
2307
DELISTED
Esperion Therapeutics
ESPR
| $389K | ﹤0.01% |
16,500
+2,200
| +15% | +$138K |
|
2308
Vera Bradley
VRA
$95M
| $387K | ﹤0.01% |
30,700
+4,100
| +15% | +$47.6K |
|
|
SMRT
2309
DELISTED
Stein Mart Inc
SMRT
| $387K | ﹤0.01% |
40,000
+6,400
| +19% | +$66K |
|
2310
Bristow Group
VTOL
$1.37B
| $386K | ﹤0.01% |
12,900
+2,100
| +19% | +$72.7K |
|
|
OMN
2311
DELISTED
OMNOVA Solutions Inc.
OMN
| $385K | ﹤0.01% |
69,500
+9,100
| +15% | +$58.3K |
|
|
LMOS
2312
DELISTED
Lumos Networks Corp
LMOS
| $384K | ﹤0.01% |
31,600
+3,500
| +12% | +$45.6K |
|
|
LSG
2313
DELISTED
LAKE SHORE GOLD CORP
LSG
| $383K | ﹤0.01% |
457,200
+102,400
| +29% | +$87.9K |
|
2314
Forrester Research
FORR
$225M
| $382K | ﹤0.01% |
12,150
+900
| +8% | +$29.7K |
|
2315
Republic Bancorp
RBCAA
$1.95B
| $381K | ﹤0.01% |
15,500
+2,200
| +17% | +$55.1K |
|
2316
Carriage Services
CSV
$534M
| $378K | ﹤0.01% |
17,500
+2,800
| +19% | +$64.2K |
|
2317
LSB Industries
LXU
$719M
| $377K | ﹤0.01% |
31,980
+3,640
| +13% | +$80.8K |
|
|
SP
2318
DELISTED
SP Plus Corporation
SP
| $377K | ﹤0.01% |
16,300
+2,700
| +20% | +$65.9K |
|
|
TNGO
2319
DELISTED
Tangoe, Inc.
TNGO
| $376K | ﹤0.01% |
52,200
+6,300
| +14% | +$58.6K |
|
|
REGI
2320
DELISTED
Renewable Energy Group, Inc.
REGI
| $375K | ﹤0.01% |
45,300
+3,500
| +8% | +$33.2K |
|
|
SAND
2321
DELISTED
Sandstorm Gold
SAND
| $373K | ﹤0.01% |
140,580
+20,100
| +17% | +$55K |
|
|
GBL
2322
DELISTED
GAMCO Investors, Inc.
GBL
| $373K | ﹤0.01% |
12,628
+1,672
| +15% | +$56.2K |
|
2323
Tronox
TROX
$1.02B
| $372K | ﹤0.01% |
85,200
+11,000
| +15% | +$102K |
|
|
ORBC
2324
DELISTED
ORBCOMM, Inc.
ORBC
| $372K | ﹤0.01% |
66,600
+13,900
| +26% | +$83.7K |
|
|
DS
2325
DELISTED
Drive Shack Inc.
DS
| $370K | ﹤0.01% |
84,216
+9,100
| +12% | +$43.5K |
|
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.