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 |
Fortive
FTV
|
+$43.6M |
| 2 |
Johnson Controls International
JCI
|
+$41.3M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$35.6M |
| 4 |
Telus
TU
|
+$34.2M |
| 5 |
Dell
DELL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$170M |
| 2 |
Annaly Capital Management
NLY
|
+$81.7M |
| 3 |
Thomson Reuters
TRI
|
+$78.4M |
| 4 |
AGNC Investment
AGNC
|
+$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.52% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.15% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EEQ
1326
DELISTED
Enbridge Energy Management Llc
EEQ
| $2.65M | ﹤0.01% |
128,283
-4,933
| -4% | -$93.8K |
|
1327
Descartes Systems
DSGX
$6.65B
| $2.64M | ﹤0.01% |
122,600
-5,500
| -4% | -$113K |
|
|
GOV
1328
DELISTED
Government Properties Income Trust
GOV
| $2.64M | ﹤0.01% |
116,600
-3,700
| -3% | -$86.6K |
|
|
AVNS
1329
DELISTED
Avanos Medical
AVNS
| $2.63M | ﹤0.01% |
76,000
-4,200
| -5% | -$147K |
|
|
RDUS
1330
DELISTED
Radius Health, Inc.
RDUS
| $2.63M | ﹤0.01% |
48,700
+100
| +0.2% | +$5.08K |
|
1331
Oil States International
OIS
$536M
| $2.63M | ﹤0.01% |
83,300
-3,300
| -4% | -$101K |
|
1332
Northwest Natural Holdings
NWN
$2.12B
| $2.63M | ﹤0.01% |
43,700
-1,300
| -3% | -$81.3K |
|
|
SNCR
1333
DELISTED
Synchronoss Technologies
SNCR
| $2.63M | ﹤0.01% |
7,089
-255
| -3% | -$90.2K |
|
1334
FirstService
FSV
$6.24B
| $2.62M | ﹤0.01% |
56,400
-800
| -1% | -$38.3K |
|
|
PCH
1335
DELISTED
PotlatchDeltic
PCH
| $2.61M | ﹤0.01% |
67,200
-3,500
| -5% | -$131K |
|
1336
First Majestic Silver
AG
$9.26B
| $2.61M | ﹤0.01% |
252,600
-9,500
| -4% | -$139K |
|
|
XHR
1337
Xenia Hotels & Resorts
XHR
$1.73B
| $2.6M | ﹤0.01% |
171,580
-11,800
| -6% | -$200K |
|
1338
Globus Medical
GMED
$11.5B
| $2.6M | ﹤0.01% |
115,100
-3,300
| -3% | -$77.6K |
|
|
SWC
1339
DELISTED
Stillwater Mining Co
SWC
| $2.6M | ﹤0.01% |
194,200
-7,300
| -4% | -$98K |
|
|
PEI
1340
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $2.59M | ﹤0.01% |
7,500
+107
| +1% | +$38.3K |
|
1341
WD-40
WDFC
$3.12B
| $2.59M | ﹤0.01% |
23,000
-900
| -4% | -$105K |
|
|
IPHI
1342
DELISTED
INPHI CORPORATION
IPHI
| $2.58M | ﹤0.01% |
59,400
| – | – |
|
|
NXTM
1343
DELISTED
NxStage Medical Inc.
NXTM
| $2.58M | ﹤0.01% |
103,300
-3,500
| -3% | -$81.6K |
|
1344
HealthEquity
HQY
$8.82B
| $2.58M | ﹤0.01% |
68,100
-2,300
| -3% | -$72.9K |
|
1345
PRA Group
PRAA
$762M
| $2.57M | ﹤0.01% |
74,500
-2,600
| -3% | -$76.6K |
|
|
DOOR
1346
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.57M | ﹤0.01% |
41,277
-1,700
| -4% | -$114K |
|
1347
Kaiser Aluminum
KALU
$2.99B
| $2.56M | ﹤0.01% |
29,600
-1,100
| -4% | -$94.5K |
|
1348
Columbia Sportswear
COLM
$2.88B
| $2.56M | ﹤0.01% |
45,100
-500
| -1% | -$28.5K |
|
1349
Brady Corp
BRC
$4.48B
| $2.56M | ﹤0.01% |
73,900
-2,600
| -3% | -$85.6K |
|
|
EBIX
1350
DELISTED
Ebix Inc
EBIX
| $2.55M | ﹤0.01% |
44,900
-3,500
| -7% | -$191K |
|
Similar funds
Swiss National Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Swiss National Bank held 2,590 positions worth $62.4B, up 0.99% from $61.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2016: portfolio turnover was 2.4%. Swiss National Bank opened 9 new positions and exited 54, leaving the 2,590-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2016 buy was Fortive: 1,359,115 shares worth $43.6M.
- Swiss National Bank added most to Johnson Controls International in Q3 2016, an estimated $41.3M increase.
- Swiss National Bank's biggest Q3 2016 reduction was Danaher, cutting an estimated $45.6M.
- Swiss National Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $170M.
- Swiss National Bank's ten largest holdings make up 16% of its $62.4B portfolio in Q3 2016.
- Swiss National Bank opened 9 new positions and closed 54 in Q3 2016.
- Swiss National Bank's portfolio value rose 0.99% quarter-over-quarter to $62.4B.
Based on Swiss National Bank's 13F filing for Q3 2016, filed 7 Nov 2016.