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 | |
|---|---|---|---|---|---|---|
2451
Pacific Biosciences
PACB
$361M
| $243K | ﹤0.01% |
66,500
+8,300
| +14% | +$40.6K |
|
|
AUD
2452
DELISTED
Audacy, Inc.
AUD
| $242K | ﹤0.01% |
23,800
+5,300
| +29% | +$56.1K |
|
|
CIVI
2453
DELISTED
Civitas Resources
CIVI
| $241K | ﹤0.01% |
531
+66
| +14% | +$61.4K |
|
2454
Liquidity Services
LQDT
$1.31B
| $241K | ﹤0.01% |
32,600
+5,000
| +18% | +$41.5K |
|
|
WW
2455
DELISTED
WW International
WW
| $239K | ﹤0.01% |
37,500
+6,000
| +19% | +$32K |
|
2456
American Coastal Insurance
ACIC
$465M
| $238K | ﹤0.01% |
18,100
+2,900
| +19% | +$41.7K |
|
|
FARM
2457
DELISTED
Farmer Brothers
FARM
| $237K | ﹤0.01% |
8,700
+1,600
| +23% | +$37.9K |
|
|
BBOX
2458
DELISTED
Black Box Corp
BBOX
| $237K | ﹤0.01% |
16,100
+2,600
| +19% | +$42.6K |
|
2459
Ceco Environmental
CECO
$4.28B
| $236K | ﹤0.01% |
28,800
+11,400
| +66% | +$107K |
|
2460
NACCO Industries
NC
$310M
| $233K | ﹤0.01% |
21,447
| – | – |
|
2461
Tempest Therapeutics
TPST
$18.7M
| $233K | ﹤0.01% |
9
+1
| +13% | +$67.3K |
|
|
VSLR
2462
DELISTED
VIVINT SOLAR, INC.
VSLR
| $233K | ﹤0.01% |
22,200
+3,600
| +19% | +$46.4K |
|
|
CTRL
2463
DELISTED
Control4 Corporation
CTRL
| $233K | ﹤0.01% |
28,583
+2,800
| +11% | +$23K |
|
2464
El Pollo Loco
LOCO
$451M
| $231K | ﹤0.01% |
21,400
+2,600
| +14% | +$40.7K |
|
2465
PC Connection
CNXN
$2.03B
| $230K | ﹤0.01% |
11,100
+2,200
| +25% | +$47.9K |
|
2466
Geospace Technologies
GEOS
$69.6M
| $229K | ﹤0.01% |
16,600
+2,700
| +19% | +$44.9K |
|
2467
Winmark
WINA
$1.35B
| $226K | ﹤0.01% |
2,200
| – | – |
|
2468
Boot Barn
BOOT
$5.07B
| $225K | ﹤0.01% |
12,200
+2,000
| +20% | +$52.2K |
|
2469
Covenant Logistics
CVLG
$851M
| $225K | ﹤0.01% |
25,000
+4,800
| +24% | +$56.2K |
|
|
WLB
2470
DELISTED
Westmoreland Coal Company
WLB
| $225K | ﹤0.01% |
16,000
+3,000
| +23% | +$44.2K |
|
2471
FuelCell Energy
FCEL
$1.57B
| $224K | ﹤0.01% |
71
+10
| +16% | +$36.3K |
|
|
ATSG
2472
DELISTED
Air Transport Services Group
ATSG
| $223K | ﹤0.01% |
26,100
+2,400
| +10% | +$23K |
|
|
MPG
2473
DELISTED
Metaldyne Performance Group Inc.
MPG
| $223K | ﹤0.01% |
10,600
+1,700
| +19% | +$33.4K |
|
|
GOGL
2474
DELISTED
Golden Ocean Group
GOGL
| $222K | ﹤0.01% |
17,629
+1,829
| +12% | +$31.3K |
|
2475
Quantum Corp
QMCO
$763M
| $222K | ﹤0.01% |
1,986
+261
| +15% | +$48.3K |
|
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.