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 | |
|---|---|---|---|---|---|---|
2401
TRX Gold Corp
TRX
$347M
| $237K | ﹤0.01% |
97,500
+26,600
| +38% | +$58.5K |
|
|
RSH
2402
DELISTED
RADIOSHACK CORP
RSH
| $235K | ﹤0.01% |
110,800
+21,300
| +24% | +$50.1K |
|
2403
Great Southern Bancorp
GSBC
$874M
| $234K | ﹤0.01% |
7,800
+2,100
| +37% | +$60.7K |
|
|
NIHD
2404
DELISTED
NII HOLDINGS INC CL B
NIHD
| $233K | ﹤0.01% |
195,948
+46,000
| +31% | +$102K |
|
2405
Enanta Pharmaceuticals
ENTA
$402M
| $232K | ﹤0.01% |
5,800
+1,500
| +35% | +$54.5K |
|
2406
Twin Disc
TWIN
$342M
| $232K | ﹤0.01% |
8,800
+2,100
| +31% | +$51.9K |
|
2407
Donegal Group Class A
DGICA
$693M
| $230K | ﹤0.01% |
15,800
+10,000
| +172% | +$148K |
|
|
IXYS
2408
DELISTED
IXYS Corp
IXYS
| $228K | ﹤0.01% |
20,100
+5,100
| +34% | +$62.4K |
|
|
GIFI
2409
DELISTED
Gulf Island Fabrication
GIFI
| $227K | ﹤0.01% |
10,500
+2,100
| +25% | +$44.8K |
|
2410
First Community Bankshares
FCBC
$903M
| $224K | ﹤0.01% |
13,679
+3,300
| +32% | +$54K |
|
|
MVC
2411
DELISTED
MVC Capital, Inc.
MVC
| $221K | ﹤0.01% |
16,300
-5,100
| -24% | -$71.4K |
|
|
ALO
2412
DELISTED
Alio Gold Inc
ALO
| $217K | ﹤0.01% |
17,170
+4,470
| +35% | +$61.3K |
|
2413
QuinStreet
QNST
$1.26B
| $214K | ﹤0.01% |
32,300
+7,500
| +30% | +$55.5K |
|
2414
Goldgroup Mining Inc.
GORO
$186M
| $213K | ﹤0.01% |
44,500
+9,300
| +26% | +$47.2K |
|
2415
Universal Logistics Holdings
ULH
$498M
| $211K | ﹤0.01% |
7,300
+1,600
| +28% | +$45.8K |
|
|
JIVE
2416
DELISTED
Jive Software, Inc.
JIVE
| $211K | ﹤0.01% |
26,300
+4,700
| +22% | +$42.1K |
|
|
SNBC
2417
DELISTED
Sun Bancorp Inc
SNBC
| $207K | ﹤0.01% |
12,327
+7,202
| +141% | +$121K |
|
|
PGEM
2418
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $206K | ﹤0.01% |
16,300
+4,200
| +35% | +$56.2K |
|
2419
Cohu
COHU
$2.34B
| $205K | ﹤0.01% |
19,100
+5,000
| +35% | +$51.7K |
|
|
ISLE
2420
DELISTED
Isle of Capri Casinos Inc
ISLE
| $204K | ﹤0.01% |
26,600
+3,500
| +15% | +$30K |
|
|
OSIR
2421
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
| $204K | ﹤0.01% |
15,500
+4,500
| +41% | +$70.4K |
|
|
MM
2422
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $203K | ﹤0.01% |
29,400
+4,900
| +20% | +$34.6K |
|
|
GUID
2423
DELISTED
Guidance Software, Inc.
GUID
| $200K | ﹤0.01% |
18,100
+2,900
| +19% | +$30.6K |
|
|
HGG
2424
DELISTED
hhgregg Inc.
HGG
| $199K | ﹤0.01% |
20,700
+2,600
| +14% | +$26K |
|
|
RST
2425
DELISTED
ROSETTA STONE INC
RST
| $194K | ﹤0.01% |
17,300
+3,300
| +24% | +$38K |
|
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.