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 | |
|---|---|---|---|---|---|---|
1501
Greif
GEF
$5B
| $2.03M | ﹤0.01% |
41,000
-1,400
| -3% | -$59.9K |
|
1502
Knowles
KN
$3.33B
| $2.03M | ﹤0.01% |
144,700
-5,200
| -3% | -$73.6K |
|
1503
Progress Software
PRGS
$1.79B
| $2.03M | ﹤0.01% |
74,700
-4,900
| -6% | -$140K |
|
1504
Benchmark Electronics
BHE
$2.94B
| $2.03M | ﹤0.01% |
81,400
-6,800
| -8% | -$161K |
|
1505
Theravance Biopharma
TBPH
$878M
| $2.02M | ﹤0.01% |
55,842
+1,900
| +4% | +$52.9K |
|
1506
RH
RH
$3.41B
| $2.02M | ﹤0.01% |
58,430
-2,200
| -4% | -$70.1K |
|
1507
Provident Financial Services
PFS
$3.24B
| $2.02M | ﹤0.01% |
95,100
-2,600
| -3% | -$53.6K |
|
|
BLD
1508
DELISTED
TopBuild
BLD
| $2.02M | ﹤0.01% |
60,721
+400
| +0.7% | +$14.1K |
|
1509
Shenandoah Telecom
SHEN
$721M
| $2.02M | ﹤0.01% |
74,072
-2,100
| -3% | -$67.4K |
|
|
CNSL
1510
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $2.01M | ﹤0.01% |
79,800
-200
| -0.3% | -$5.16K |
|
1511
MACOM Technology Solutions
MTSI
$23.7B
| $2.01M | ﹤0.01% |
47,500
+500
| +1% | +$19.6K |
|
1512
WIX.com
WIX
$2.88B
| $2.01M | ﹤0.01% |
46,300
| – | – |
|
|
CCMP
1513
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $2.01M | ﹤0.01% |
38,000
-1,500
| -4% | -$73.7K |
|
|
HW
1514
DELISTED
Headwaters Inc
HW
| $2M | ﹤0.01% |
118,300
-3,600
| -3% | -$66.4K |
|
1515
Enpro
NPO
$7.23B
| $2M | ﹤0.01% |
35,200
-1,700
| -5% | -$87.3K |
|
1516
KB Home
KBH
$3.42B
| $1.99M | ﹤0.01% |
123,600
-10,200
| -8% | -$161K |
|
1517
RingCentral
RNG
$5.25B
| $1.99M | ﹤0.01% |
84,200
-2,700
| -3% | -$61K |
|
1518
Tower Semiconductor
TSEM
$28.6B
| $1.99M | ﹤0.01% |
133,496
-4,355
| -3% | -$62.9K |
|
1519
Kearny Financial
KRNY
$604M
| $1.99M | ﹤0.01% |
146,164
-5,700
| -4% | -$76.2K |
|
|
SRG
1520
Seritage Growth Properties
SRG
$131M
| $1.99M | ﹤0.01% |
39,238
| – | – |
|
|
DCH
1521
Dauch Corp
DCH
$1.61B
| $1.99M | ﹤0.01% |
115,300
-3,900
| -3% | -$65.5K |
|
|
PDS
1522
Precision Drilling
PDS
$1.08B
| $1.98M | ﹤0.01% |
23,715
-790
| -3% | -$69.4K |
|
|
CYNO
1523
DELISTED
Cynosure, Inc. Class A
CYNO
| $1.98M | ﹤0.01% |
38,879
| – | – |
|
1524
La-Z-Boy
LZB
$1.64B
| $1.98M | ﹤0.01% |
80,400
-2,900
| -3% | -$81.6K |
|
1525
Methode Electronics
MEI
$602M
| $1.97M | ﹤0.01% |
56,400
-3,800
| -6% | -$134K |
|
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.