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 | |
|---|---|---|---|---|---|---|
|
USAP
2426
DELISTED
Universal Stainless & Alloy
USAP
| $192K | ﹤0.01% |
5,700
+1,100
| +24% | +$37.7K |
|
|
SZMK
2427
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $192K | ﹤0.01% |
+18,100
| New | +$199K |
|
2428
Genie Energy
GNE
$381M
| $189K | ﹤0.01% |
19,000
+2,400
| +14% | +$24.7K |
|
2429
Seneca Foods Class A
SENEA
$1.22B
| $189K | ﹤0.01% |
6,000
+2,000
| +50% | +$60.4K |
|
|
MRGE
2430
DELISTED
MERGE HEALTHCARE INC COM STK (WI)
MRGE
| $188K | ﹤0.01% |
77,100
+17,600
| +30% | +$41.8K |
|
|
ATSG
2431
DELISTED
Air Transport Services Group
ATSG
| $186K | ﹤0.01% |
23,700
+4,300
| +22% | +$30K |
|
2432
Global Indemnity Group
GBLI
$423M
| $182K | ﹤0.01% |
6,900
+1,400
| +25% | +$35.3K |
|
|
DWSN
2433
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
| $182K | ﹤0.01% |
6,500
+1,200
| +23% | +$36.9K |
|
|
CLUB
2434
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $181K | ﹤0.01% |
21,300
+4,800
| +29% | +$49.8K |
|
|
HWCC
2435
DELISTED
Houston Wire & Cable Company
HWCC
| $180K | ﹤0.01% |
13,700
+3,500
| +34% | +$46.7K |
|
2436
Vishay Precision Group
VPG
$864M
| $179K | ﹤0.01% |
10,300
+2,200
| +27% | +$35.2K |
|
|
HPTX
2437
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $178K | ﹤0.01% |
6,898
+1,900
| +38% | +$51.5K |
|
2438
Skywest
SKYW
$4.18B
| $176K | ﹤0.01% |
13,800
+1,900
| +16% | +$24.9K |
|
|
EPZM
2439
DELISTED
Epizyme, Inc
EPZM
| $173K | ﹤0.01% |
7,600
+4,200
| +124% | +$127K |
|
|
OWW
2440
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $171K | ﹤0.01% |
21,800
+4,800
| +28% | +$38.4K |
|
2441
MaxLinear
MXL
$6.21B
| $169K | ﹤0.01% |
17,800
+5,900
| +50% | +$58.9K |
|
|
AUD
2442
DELISTED
Audacy, Inc.
AUD
| $168K | ﹤0.01% |
16,700
+3,300
| +25% | +$33.2K |
|
|
NWY
2443
DELISTED
New York & Co Inc
NWY
| $166K | ﹤0.01% |
37,800
+5,400
| +17% | +$24.2K |
|
|
FWM
2444
DELISTED
FAIRWAY GROUP HLDGS CORP CL A COM STK (DE)
FWM
| $166K | ﹤0.01% |
21,700
+4,500
| +26% | +$46.3K |
|
2445
Ameresco
AMRC
$1.34B
| $161K | ﹤0.01% |
21,300
+3,000
| +16% | +$28.4K |
|
|
EXAC
2446
DELISTED
Exactech Inc
EXAC
| $159K | ﹤0.01% |
7,049
+1,500
| +27% | +$34.8K |
|
2447
Paramount Gold Nevada
PZG
$132M
| $157K | ﹤0.01% |
128,000
+21,100
| +20% | +$25.8K |
|
|
STML
2448
DELISTED
Stemline Therapeutics, Inc.
STML
| $157K | ﹤0.01% |
7,700
+2,400
| +45% | +$58.2K |
|
|
TWGP
2449
DELISTED
TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
| $157K | ﹤0.01% |
58,099
+14,600
| +34% | +$39.6K |
|
|
LEAF
2450
DELISTED
Leaf Group Ltd.
LEAF
| $155K | ﹤0.01% |
16,128
+2,822
| +21% | +$29.6K |
|
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.