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 | Healthcare | 15.18% |
| 2 | Technology | 15.1% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Industrials | 10.36% |
| 5 | Consumer Staples | 10.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DOOR
1251
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.7M | 0.01% |
42,677
+8,600
| +25% | +$486K |
|
1252
Genesco
GCO
$391M
| $2.68M | ﹤0.01% |
38,500
+7,200
| +23% | +$465K |
|
1253
Community Bank
CBU
$3.43B
| $2.68M | ﹤0.01% |
72,700
+13,200
| +22% | +$492K |
|
1254
Pricesmart
PSMT
$5.49B
| $2.68M | ﹤0.01% |
32,800
+6,300
| +24% | +$489K |
|
1255
Boston Beer
SAM
$1.89B
| $2.68M | ﹤0.01% |
15,000
+2,800
| +23% | +$510K |
|
|
ALEX
1256
DELISTED
Alexander & Baldwin
ALEX
| $2.68M | ﹤0.01% |
75,600
+15,200
| +25% | +$501K |
|
|
DBD
1257
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.67M | ﹤0.01% |
95,800
+14,400
| +18% | +$376K |
|
|
TIME
1258
DELISTED
Time Inc.
TIME
| $2.67M | ﹤0.01% |
179,358
+36,100
| +25% | +$519K |
|
1259
Strategy Inc
MSTR
$38.2B
| $2.67M | ﹤0.01% |
154,000
+31,000
| +25% | +$502K |
|
|
CRAY
1260
DELISTED
Cray, Inc.
CRAY
| $2.67M | ﹤0.01% |
66,000
+13,000
| +25% | +$496K |
|
1261
Carpenter Technology
CRS
$26.6B
| $2.67M | ﹤0.01% |
80,700
+14,900
| +23% | +$439K |
|
|
DF
1262
DELISTED
Dean Foods Company
DF
| $2.67M | ﹤0.01% |
159,200
+27,600
| +21% | +$522K |
|
1263
3D Systems Corp
DDD
$601M
| $2.67M | ﹤0.01% |
178,350
+35,100
| +25% | +$362K |
|
1264
UFP Industries
UFPI
$5.06B
| $2.67M | ﹤0.01% |
96,600
+19,800
| +26% | +$472K |
|
|
KLXI
1265
DELISTED
KLX Inc.
KLXI
| $2.65M | ﹤0.01% |
101,344
+20,281
| +25% | +$496K |
|
1266
Cogent Communications
CCOI
$530M
| $2.64M | ﹤0.01% |
70,200
+13,000
| +23% | +$451K |
|
1267
Columbia Sportswear
COLM
$2.88B
| $2.64M | ﹤0.01% |
45,600
+9,200
| +25% | +$505K |
|
|
FNGN
1268
DELISTED
Financial Engines, Inc.
FNGN
| $2.64M | ﹤0.01% |
86,900
+15,600
| +22% | +$433K |
|
|
XHR
1269
Xenia Hotels & Resorts
XHR
$1.73B
| $2.63M | ﹤0.01% |
174,780
+34,600
| +25% | +$511K |
|
|
GCI
1270
DELISTED
Gannett Co., Inc
GCI
| $2.63M | ﹤0.01% |
180,308
+36,700
| +26% | +$553K |
|
1271
Vishay Intertechnology
VSH
$5.11B
| $2.63M | ﹤0.01% |
223,100
+44,000
| +25% | +$506K |
|
1272
RBC Bearings
RBC
$17.6B
| $2.63M | ﹤0.01% |
37,200
+7,600
| +26% | +$482K |
|
|
NYRT
1273
DELISTED
New York REIT, Inc.
NYRT
| $2.62M | ﹤0.01% |
26,860
+5,290
| +25% | +$531K |
|
|
CHMT
1274
DELISTED
Chemtura Corporation
CHMT
| $2.61M | ﹤0.01% |
102,294
+12,494
| +14% | +$319K |
|
1275
Papa John's
PZZA
$804M
| $2.61M | ﹤0.01% |
49,800
+8,900
| +22% | +$468K |
|
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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 Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Technology 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.