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 | |
|---|---|---|---|---|---|---|
|
LTRPA
1401
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.35M | ﹤0.01% |
107,452
-4,100
| -4% | -$89.6K |
|
1402
Designer Brands
DBI
$311M
| $2.34M | ﹤0.01% |
114,400
-13,500
| -11% | -$317K |
|
|
SSRI
1403
DELISTED
Silver Standard Resources
SSRI
| $2.34M | ﹤0.01% |
194,011
+5,911
| +3% | +$79.8K |
|
|
JUNO
1404
DELISTED
Juno Therapeutics, Inc.
JUNO
| $2.34M | ﹤0.01% |
77,900
-2,000
| -3% | -$62.2K |
|
1405
GoPro
GPRO
$117M
| $2.34M | ﹤0.01% |
140,100
+2,800
| +2% | +$38.4K |
|
1406
Innospec
IOSP
$2.31B
| $2.33M | ﹤0.01% |
38,403
-1,500
| -4% | -$83.5K |
|
|
EGOV
1407
DELISTED
NIC Inc
EGOV
| $2.33M | ﹤0.01% |
99,200
-3,000
| -3% | -$69.1K |
|
|
SAGE
1408
DELISTED
Sage Therapeutics
SAGE
| $2.33M | ﹤0.01% |
50,500
+9,800
| +24% | +$399K |
|
1409
BOK Financial
BOKF
$8.85B
| $2.32M | ﹤0.01% |
33,600
-2,100
| -6% | -$139K |
|
1410
Boston Beer
SAM
$1.89B
| $2.31M | ﹤0.01% |
14,900
-700
| -4% | -$122K |
|
1411
Stepan Co
SCL
$1.48B
| $2.3M | ﹤0.01% |
31,600
-300
| -0.9% | -$20.2K |
|
|
SEM
1412
DELISTED
Select Medical
SEM
| $2.3M | ﹤0.01% |
315,706
-11,878
| -4% | -$75.5K |
|
|
AEL
1413
DELISTED
American Equity Investment Life Holding Company
AEL
| $2.3M | ﹤0.01% |
129,500
-3,200
| -2% | -$52.8K |
|
|
HAPN
1414
Happen Inc
HAPN
$2.27B
| $2.29M | ﹤0.01% |
74,060
-18,600
| -20% | -$483K |
|
1415
Group 1 Automotive
GPI
$3.17B
| $2.29M | ﹤0.01% |
35,800
-2,000
| -5% | -$118K |
|
|
GNC
1416
DELISTED
GNC Holdings, Inc.
GNC
| $2.28M | ﹤0.01% |
111,800
-16,600
| -13% | -$364K |
|
|
ZLTQ
1417
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $2.28M | ﹤0.01% |
58,200
-1,600
| -3% | -$57.1K |
|
|
EDE
1418
DELISTED
Empire District Electric
EDE
| $2.28M | ﹤0.01% |
66,850
-2,400
| -3% | -$81.3K |
|
1419
Comscore
SCOR
$108M
| $2.27M | ﹤0.01% |
3,700
-125
| -3% | -$70.9K |
|
|
SUM
1420
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $2.27M | ﹤0.01% |
127,432
+24,524
| +24% | +$475K |
|
1421
Liberty Media Series C
FWONK
$26B
| $2.26M | ﹤0.01% |
83,212
-4,033
| -5% | -$88.2K |
|
|
BLOX
1422
DELISTED
Infoblox Inc
BLOX
| $2.26M | ﹤0.01% |
85,800
-6,600
| -7% | -$139K |
|
1423
Rambus
RMBS
$10.8B
| $2.26M | ﹤0.01% |
180,900
-6,000
| -3% | -$79.3K |
|
1424
Colliers International
CIGI
$5.15B
| $2.25M | ﹤0.01% |
53,700
-1,900
| -3% | -$77.4K |
|
|
ENV
1425
DELISTED
ENVESTNET, INC.
ENV
| $2.25M | ﹤0.01% |
61,700
-1,400
| -2% | -$53.1K |
|
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.