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
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VEDL
1051
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $3.67M | 0.01% |
668,149
| – | – |
|
1052
Chemed
CHE
$7.07B
| $3.67M | 0.01% |
28,100
+5,500
| +24% | +$743K |
|
|
FCS
1053
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $3.67M | 0.01% |
190,000
+34,300
| +22% | +$695K |
|
1054
Cirrus Logic
CRUS
$6.11B
| $3.67M | 0.01% |
104,400
+21,000
| +25% | +$681K |
|
1055
John Wiley & Sons Class A
WLY
$2.53B
| $3.67M | 0.01% |
77,700
+15,400
| +25% | +$673K |
|
1056
Saic
SAIC
$5.35B
| $3.66M | 0.01% |
71,015
+13,500
| +23% | +$600K |
|
|
AFSI
1057
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $3.66M | 0.01% |
146,480
+30,700
| +27% | +$816K |
|
1058
Nu Skin
NUS
$236M
| $3.63M | 0.01% |
98,200
+17,300
| +21% | +$572K |
|
|
LGF
1059
DELISTED
Lions Gate Entertainment
LGF
| $3.62M | 0.01% |
171,800
+34,600
| +25% | +$825K |
|
1060
Kite Realty
KRG
$5.27B
| $3.62M | 0.01% |
135,200
+25,200
| +23% | +$669K |
|
|
INFN
1061
DELISTED
Infinera Corporation Common Stock
INFN
| $3.61M | 0.01% |
233,000
+52,700
| +29% | +$808K |
|
1062
Universal Display
OLED
$4.23B
| $3.6M | 0.01% |
69,000
+14,400
| +26% | +$704K |
|
1063
Five Below
FIVE
$13.2B
| $3.59M | 0.01% |
89,959
+17,800
| +25% | +$650K |
|
|
MLNX
1064
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $3.59M | 0.01% |
68,421
+14,500
| +27% | +$672K |
|
|
COHR
1065
DELISTED
Coherent Inc
COHR
| $3.58M | 0.01% |
40,288
+7,300
| +22% | +$562K |
|
|
QTS
1066
DELISTED
QTS REALTY TRUST, INC.
QTS
| $3.57M | 0.01% |
77,983
+28,020
| +56% | +$1.25M |
|
1067
Cathay General Bancorp
CATY
$4.3B
| $3.56M | 0.01% |
130,200
+27,000
| +26% | +$748K |
|
1068
Monro
MNRO
$359M
| $3.56M | 0.01% |
51,700
+10,800
| +26% | +$715K |
|
1069
KBR
KBR
$4.8B
| $3.56M | 0.01% |
238,341
+47,000
| +25% | +$664K |
|
1070
DigitalBridge
DBRG
$2.95B
| $3.56M | 0.01% |
81,188
+15,725
| +24% | +$695K |
|
1071
Darling Ingredients
DAR
$10B
| $3.56M | 0.01% |
279,600
+53,200
| +23% | +$536K |
|
1072
Ormat Technologies
ORA
$6.97B
| $3.56M | 0.01% |
59,934
+11,200
| +23% | +$416K |
|
|
JNS
1073
DELISTED
Janus Capital Group Inc
JNS
| $3.56M | 0.01% |
251,600
+44,800
| +22% | +$583K |
|
1074
Designer Brands
DBI
$311M
| $3.55M | 0.01% |
133,100
+23,900
| +22% | +$598K |
|
|
HZNP
1075
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $3.55M | 0.01% |
222,056
+44,000
| +25% | +$770K |
|
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Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.