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 | |
|---|---|---|---|---|---|---|
1351
California Water Service
CWT
$3.09B
| $2.54M | ﹤0.01% |
79,300
-2,800
| -3% | -$90.4K |
|
|
PVG
1352
DELISTED
PRETIUM RESOURCES INC.
PVG
| $2.54M | ﹤0.01% |
247,248
-4,000
| -2% | -$44.6K |
|
|
STMP
1353
DELISTED
Stamps.com, Inc.
STMP
| $2.54M | ﹤0.01% |
26,866
+800
| +3% | +$69.3K |
|
1354
GoDaddy
GDDY
$12.7B
| $2.54M | ﹤0.01% |
73,500
| – | – |
|
1355
Ubiquiti
UI
$35B
| $2.54M | ﹤0.01% |
47,400
-3,600
| -7% | -$173K |
|
1356
Franklin Electric
FELE
$4.75B
| $2.53M | ﹤0.01% |
62,200
-1,100
| -2% | -$41.7K |
|
1357
Plexus
PLXS
$7.25B
| $2.53M | ﹤0.01% |
54,100
-2,100
| -4% | -$96.2K |
|
|
FMBI
1358
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $2.53M | ﹤0.01% |
130,600
| – | – |
|
|
ERF
1359
DELISTED
Enerplus Corporation
ERF
| $2.52M | ﹤0.01% |
392,955
-11,500
| -3% | -$75.3K |
|
|
SFUN
1360
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.52M | ﹤0.01% |
11,200
| – | – |
|
|
GIMO
1361
DELISTED
Gigamon Inc.
GIMO
| $2.52M | ﹤0.01% |
45,900
-1,100
| -2% | -$50K |
|
|
NE
1362
DELISTED
Noble Corporation
NE
| $2.51M | ﹤0.01% |
396,098
-14,800
| -4% | -$99.5K |
|
|
PEGI
1363
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $2.51M | ﹤0.01% |
111,649
+13,000
| +13% | +$309K |
|
1364
Cogent Communications
CCOI
$525M
| $2.51M | ﹤0.01% |
68,100
-2,100
| -3% | -$81.1K |
|
1365
Morningstar
MORN
$7.41B
| $2.5M | ﹤0.01% |
31,600
-1,200
| -4% | -$98.6K |
|
|
AXON
1366
Axon Enterprise
AXON
$48.7B
| $2.5M | ﹤0.01% |
87,200
-4,600
| -5% | -$128K |
|
1367
Strategy Inc
MSTR
$38.2B
| $2.5M | ﹤0.01% |
149,000
-5,000
| -3% | -$86K |
|
|
ASRT
1368
DELISTED
Assertio
ASRT
| $2.49M | ﹤0.01% |
1,662
-55
| -3% | -$69.1K |
|
|
CHS
1369
DELISTED
Chicos FAS, Inc.
CHS
| $2.49M | ﹤0.01% |
209,100
-15,400
| -7% | -$182K |
|
1370
Mercury Insurance
MCY
$5.84B
| $2.48M | ﹤0.01% |
45,300
-1,500
| -3% | -$81K |
|
1371
AMN Healthcare
AMN
$1.34B
| $2.48M | ﹤0.01% |
77,700
-2,100
| -3% | -$79.8K |
|
|
IMPV
1372
DELISTED
Imperva, Inc.
IMPV
| $2.47M | ﹤0.01% |
46,039
-1,900
| -4% | -$88.2K |
|
1373
New York Times
NYT
$10.3B
| $2.47M | ﹤0.01% |
206,800
-8,300
| -4% | -$105K |
|
1374
Northwest Bancshares
NWBI
$2.31B
| $2.47M | ﹤0.01% |
157,200
-4,900
| -3% | -$74.5K |
|
1375
Element Solutions
ESI
$9.51B
| $2.47M | ﹤0.01% |
304,189
+57,000
| +23% | +$509K |
|
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.