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 | |
|---|---|---|---|---|---|---|
|
TSG
1326
DELISTED
The Stars Group Inc.
TSG
| $2.44M | ﹤0.01% |
187,600
+36,900
| +24% | +$473K |
|
|
MORE
1327
DELISTED
Monogram Residential Trust, Inc.
MORE
| $2.44M | ﹤0.01% |
256,570
+51,400
| +25% | +$469K |
|
1328
United Parks & Resorts
PRKS
$2.01B
| $2.44M | ﹤0.01% |
119,800
+21,700
| +22% | +$406K |
|
1329
Mine Safety
MSA
$7.32B
| $2.44M | ﹤0.01% |
52,200
+10,200
| +24% | +$440K |
|
|
AXE
1330
DELISTED
Anixter International Inc
AXE
| $2.43M | ﹤0.01% |
48,300
+9,800
| +25% | +$460K |
|
|
AXLL
1331
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $2.43M | ﹤0.01% |
115,200
+23,400
| +25% | +$413K |
|
1332
Descartes Systems
DSGX
$6.62B
| $2.43M | ﹤0.01% |
128,100
+26,500
| +26% | +$466K |
|
|
CSGS
1333
DELISTED
CSG Systems International
CSGS
| $2.41M | ﹤0.01% |
55,300
+10,600
| +24% | +$399K |
|
1334
B2Gold
BTG
$6.7B
| $2.41M | ﹤0.01% |
1,487,629
+382,997
| +35% | +$419K |
|
1335
TransUnion
TRU
$15.2B
| $2.4M | ﹤0.01% |
89,948
+40,748
| +83% | +$1.03M |
|
1336
Invesco Mortgage Capital
IVR
$805M
| $2.38M | ﹤0.01% |
20,270
+3,620
| +22% | +$418K |
|
1337
FTI Consulting
FCN
$4.24B
| $2.38M | ﹤0.01% |
69,500
+14,000
| +25% | +$469K |
|
|
DO
1338
DELISTED
Diamond Offshore Drilling
DO
| $2.38M | ﹤0.01% |
113,353
+20,800
| +22% | +$410K |
|
1339
ICU Medical
ICUI
$4.58B
| $2.37M | ﹤0.01% |
23,619
+5,000
| +27% | +$478K |
|
|
AYR
1340
DELISTED
Aircastle Ltd
AYR
| $2.37M | ﹤0.01% |
110,300
+21,100
| +24% | +$409K |
|
1341
Adeia
ADEA
$3.16B
| $2.36M | ﹤0.01% |
297,864
+52,542
| +21% | +$401K |
|
1342
Trex
TREX
$5.1B
| $2.36M | ﹤0.01% |
204,000
+37,200
| +22% | +$362K |
|
1343
Watts Water Technologies
WTS
$12.9B
| $2.36M | ﹤0.01% |
44,300
+8,100
| +22% | +$409K |
|
1344
Ambarella
AMBA
$3.6B
| $2.35M | ﹤0.01% |
54,433
+11,300
| +26% | +$468K |
|
|
RPT
1345
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.35M | ﹤0.01% |
134,900
+25,800
| +24% | +$436K |
|
1346
Paycom
PAYC
$9.52B
| $2.35M | ﹤0.01% |
68,297
+13,400
| +24% | +$418K |
|
1347
American States Water
AWR
$3.49B
| $2.34M | ﹤0.01% |
61,600
+11,100
| +22% | +$470K |
|
1348
Northwest Natural Holdings
NWN
$2.12B
| $2.34M | ﹤0.01% |
45,000
+9,000
| +25% | +$463K |
|
|
PEI
1349
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $2.34M | ﹤0.01% |
7,393
+1,513
| +26% | +$451K |
|
|
HW
1350
DELISTED
Headwaters Inc
HW
| $2.33M | ﹤0.01% |
121,900
+24,200
| +25% | +$406K |
|
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 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.