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 | |
|---|---|---|---|---|---|---|
|
LOCK
1376
DELISTED
LifeLock, Inc.
LOCK
| $2.46M | ﹤0.01% |
145,500
-5,900
| -4% | -$97.1K |
|
1377
Children's Place
PLCE
$53.4M
| $2.46M | ﹤0.01% |
30,800
-2,800
| -8% | -$231K |
|
|
DF
1378
DELISTED
Dean Foods Company
DF
| $2.45M | ﹤0.01% |
149,600
-9,600
| -6% | -$168K |
|
|
RPT
1379
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.45M | ﹤0.01% |
130,800
-4,100
| -3% | -$79.1K |
|
|
AAT
1380
American Assets Trust
AAT
$1.39B
| $2.42M | ﹤0.01% |
55,800
-1,700
| -3% | -$75.3K |
|
|
NYRT
1381
DELISTED
New York REIT, Inc.
NYRT
| $2.41M | ﹤0.01% |
26,360
-1,000
| -4% | -$95.5K |
|
|
IPXL
1382
DELISTED
Impax Laboratories, Inc.
IPXL
| $2.4M | ﹤0.01% |
101,400
-2,400
| -2% | -$64.5K |
|
1383
Smith & Wesson
SWBI
$636M
| $2.39M | ﹤0.01% |
117,155
-8,847
| -7% | -$194K |
|
|
SFLY
1384
DELISTED
Shutterfly, Inc.
SFLY
| $2.39M | ﹤0.01% |
53,500
-4,400
| -8% | -$218K |
|
|
PINC
1385
DELISTED
Premier
PINC
| $2.38M | ﹤0.01% |
73,712
+1,900
| +3% | +$61.6K |
|
|
WDR
1386
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $2.38M | ﹤0.01% |
130,900
-5,800
| -4% | -$106K |
|
|
XIFR
1387
XPLR Infrastructure LP
XIFR
$1.08B
| $2.38M | ﹤0.01% |
84,900
+29,600
| +54% | +$893K |
|
1388
Protolabs
PRLB
$2.17B
| $2.37M | ﹤0.01% |
39,600
-1,300
| -3% | -$74.8K |
|
|
NSR
1389
DELISTED
Neustar Inc
NSR
| $2.37M | ﹤0.01% |
89,200
-2,200
| -2% | -$55K |
|
1390
American States Water
AWR
$3.49B
| $2.37M | ﹤0.01% |
59,200
-2,400
| -4% | -$99.3K |
|
1391
Credit Acceptance
CACC
$6.05B
| $2.37M | ﹤0.01% |
11,777
-400
| -3% | -$78.2K |
|
1392
Horace Mann Educators
HMN
$2.09B
| $2.36M | ﹤0.01% |
64,500
-3,000
| -4% | -$106K |
|
|
HMHC
1393
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $2.36M | ﹤0.01% |
176,100
-11,300
| -6% | -$176K |
|
1394
Rexford Industrial Realty
REXR
$8.11B
| $2.36M | ﹤0.01% |
103,116
-2,100
| -2% | -$46.5K |
|
|
TIME
1395
DELISTED
Time Inc.
TIME
| $2.36M | ﹤0.01% |
162,958
-10,500
| -6% | -$158K |
|
1396
Myriad Genetics
MYGN
$309M
| $2.36M | ﹤0.01% |
114,600
-5,500
| -5% | -$139K |
|
1397
Eagle Bancorp
EGBN
$877M
| $2.35M | ﹤0.01% |
47,732
-1,600
| -3% | -$80.3K |
|
|
RP
1398
DELISTED
RealPage, Inc.
RP
| $2.35M | ﹤0.01% |
91,600
-2,100
| -2% | -$52.3K |
|
|
CBM
1399
DELISTED
Cambrex Corporation
CBM
| $2.35M | ﹤0.01% |
52,900
-1,700
| -3% | -$82.7K |
|
|
PKY
1400
DELISTED
Parkway, Inc.
PKY
| $2.35M | ﹤0.01% |
138,100
-7,000
| -5% | -$122K |
|
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.