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 | |
|---|---|---|---|---|---|---|
1151
Deckers Outdoor
DECK
$12.7B
| $3.12M | 0.01% |
323,400
+58,800
| +22% | +$508K |
|
|
SPN
1152
DELISTED
Superior Energy Services, Inc.
SPN
| $3.12M | 0.01% |
24,124
+4,570
| +23% | +$498K |
|
|
NGD
1153
DELISTED
New Gold Inc
NGD
| $3.11M | 0.01% |
856,762
+205,100
| +31% | +$610K |
|
|
WDR
1154
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $3.11M | 0.01% |
136,700
+25,100
| +22% | +$610K |
|
|
WPX
1155
DELISTED
WPX Energy, Inc.
WPX
| $3.11M | 0.01% |
460,300
+155,000
| +51% | +$791K |
|
1156
DNOW Inc
DNOW
$3.04B
| $3.11M | 0.01% |
181,400
+39,000
| +27% | +$600K |
|
1157
GATX Corp
GATX
$6.34B
| $3.1M | 0.01% |
67,500
+12,200
| +22% | +$520K |
|
|
ECHO
1158
EchoStar
ECHO
$26.6B
| $3.09M | 0.01% |
89,218
+18,633
| +26% | +$593K |
|
1159
Armstrong World Industries
AWI
$7.75B
| $3.08M | 0.01% |
65,800
+12,700
| +24% | +$521K |
|
1160
Advanced Micro Devices
AMD
$789B
| $3.07M | 0.01% |
1,116,353
+272,955
| +32% | +$621K |
|
1161
Wolverine World Wide
WWW
$1.48B
| $3.07M | 0.01% |
172,600
+33,200
| +24% | +$578K |
|
1162
Ligand Pharmaceuticals
LGND
$5.76B
| $3.07M | 0.01% |
47,609
+10,099
| +27% | +$614K |
|
1163
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $3.07M | 0.01% |
64,800
+17,900
| +38% | +$854K |
|
|
DOC
1164
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.06M | 0.01% |
171,000
+56,000
| +49% | +$965K |
|
|
STL
1165
DELISTED
Sterling Bancorp
STL
| $3.06M | 0.01% |
198,852
+45,000
| +29% | +$681K |
|
|
RDC
1166
DELISTED
Rowan Companies Plc
RDC
| $3.06M | 0.01% |
196,800
+35,900
| +22% | +$497K |
|
|
ASNA
1167
DELISTED
Ascena Retail Group, Inc.
ASNA
| $3.05M | 0.01% |
14,289
+2,950
| +26% | +$520K |
|
|
CLNY
1168
DELISTED
Colony Capital, Inc.
CLNY
| $3.04M | 0.01% |
187,900
+42,400
| +29% | +$712K |
|
|
BCPC
1169
Balchem Corp
BCPC
$5.65B
| $3.04M | 0.01% |
50,800
+10,200
| +25% | +$612K |
|
1170
LPL Financial
LPLA
$29.7B
| $3.04M | 0.01% |
126,800
+24,400
| +24% | +$659K |
|
|
WBT
1171
DELISTED
Welbilt, Inc.
WBT
| $3.02M | 0.01% |
+212,300
| New | +$3.09M |
|
1172
Fossil Group
FOSL
$330M
| $3.01M | 0.01% |
70,241
+13,100
| +23% | +$517K |
|
1173
Veeva Systems
VEEV
$41B
| $3.01M | 0.01% |
124,457
+29,500
| +31% | +$723K |
|
|
RGC
1174
DELISTED
Regal Entertainment Group
RGC
| $3M | 0.01% |
146,900
+33,300
| +29% | +$635K |
|
1175
Neogen
NEOG
$2.5B
| $3M | 0.01% |
164,400
+33,333
| +25% | +$635K |
|
Similar funds
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.