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 | |
|---|---|---|---|---|---|---|
|
CADE
1201
DELISTED
Cadence Bank
CADE
| $2.89M | 0.01% |
140,500
+25,600
| +22% | +$532K |
|
|
CHS
1202
DELISTED
Chicos FAS, Inc.
CHS
| $2.88M | 0.01% |
224,500
+43,100
| +24% | +$487K |
|
1203
Boyd Gaming
BYD
$6.03B
| $2.87M | 0.01% |
143,700
+27,600
| +24% | +$488K |
|
1204
HEICO Corp Class A
HEI.A
$38B
| $2.86M | 0.01% |
152,141
+37,883
| +33% | +$694K |
|
1205
First Citizens BancShares
FCNCA
$25.6B
| $2.86M | 0.01% |
11,800
+2,400
| +26% | +$577K |
|
|
WAGE
1206
DELISTED
WageWorks, Inc.
WAGE
| $2.86M | 0.01% |
58,500
+11,900
| +26% | +$534K |
|
|
SAFM
1207
DELISTED
Sanderson Farms Inc
SAFM
| $2.85M | 0.01% |
32,800
+6,500
| +25% | +$546K |
|
1208
ATI
ATI
$31.4B
| $2.85M | 0.01% |
181,300
+35,600
| +24% | +$434K |
|
|
SONC
1209
DELISTED
Sonic Corp
SONC
| $2.85M | 0.01% |
83,800
+14,400
| +21% | +$430K |
|
|
TPH
1210
DELISTED
Tri Pointe Homes
TPH
| $2.85M | 0.01% |
250,447
+50,200
| +25% | +$530K |
|
1211
CVB Financial
CVBF
$4.05B
| $2.85M | 0.01% |
168,800
+33,000
| +24% | +$520K |
|
1212
Kennametal
KMT
$2.35B
| $2.84M | 0.01% |
131,000
+26,200
| +25% | +$509K |
|
|
WPG
1213
DELISTED
Washington Prime Group Inc.
WPG
| $2.84M | 0.01% |
34,452
+6,711
| +24% | +$545K |
|
|
HSNI
1214
DELISTED
HSN, Inc.
HSNI
| $2.84M | 0.01% |
56,200
+11,100
| +25% | +$551K |
|
1215
Morningstar
MORN
$7.41B
| $2.82M | 0.01% |
33,100
+6,000
| +22% | +$478K |
|
1216
Haemonetics
HAE
$4.11B
| $2.82M | 0.01% |
83,500
+15,300
| +22% | +$494K |
|
1217
Marriott Vacations Worldwide
VAC
$4.1B
| $2.82M | 0.01% |
43,245
+8,000
| +23% | +$453K |
|
|
MDP
1218
DELISTED
Meredith Corporation
MDP
| $2.81M | 0.01% |
61,400
+12,400
| +25% | +$526K |
|
|
SWFT
1219
DELISTED
Swift Transportation Company
SWFT
| $2.81M | 0.01% |
155,900
+30,500
| +24% | +$494K |
|
1220
Tetra Tech
TTEK
$9.09B
| $2.8M | 0.01% |
487,000
+89,500
| +23% | +$476K |
|
|
TAHO
1221
DELISTED
Tahoe Resources Inc
TAHO
| $2.8M | 0.01% |
287,400
+61,600
| +27% | +$550K |
|
1222
Silicon Laboratories
SLAB
$7.3B
| $2.8M | 0.01% |
64,500
+12,000
| +23% | +$516K |
|
|
TIVO
1223
DELISTED
Tivo Inc
TIVO
| $2.79M | 0.01% |
141,000
+20,800
| +17% | +$413K |
|
|
ISIL
1224
DELISTED
Intersil Corp
ISIL
| $2.79M | 0.01% |
216,500
+43,800
| +25% | +$548K |
|
|
MGLN
1225
DELISTED
Magellan Health Services, Inc.
MGLN
| $2.79M | 0.01% |
42,500
+6,500
| +18% | +$391K |
|
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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.