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 |
Apple
AAPL
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Babcock & Wilcox
BW
$1.39B
| $1.75M | ﹤0.01% |
8,470
+1,680
| +25% | +$335K |
|
1527
CONMED
CNMD
$1.49B
| $1.75M | ﹤0.01% |
43,000
+7,600
| +21% | +$298K |
|
|
TBI
1528
Trueblue
TBI
$309M
| $1.74M | ﹤0.01% |
69,000
+12,700
| +23% | +$294K |
|
|
RWT
1529
Redwood Trust
RWT
$599M
| $1.74M | ﹤0.01% |
137,600
+24,900
| +22% | +$291K |
|
|
BSFT
1530
DELISTED
BroadSoft, Inc.
BSFT
| $1.74M | ﹤0.01% |
44,600
+8,300
| +23% | +$281K |
|
1531
Four Corners Property Trust
FCPT
$2.76B
| $1.74M | ﹤0.01% |
100,207
+30,229
| +43% | +$506K |
|
|
NP
1532
DELISTED
Neenah, Inc. Common Stock
NP
| $1.74M | ﹤0.01% |
28,200
+5,100
| +22% | +$303K |
|
|
INN
1533
Summit Hotel Properties
INN
$656M
| $1.73M | ﹤0.01% |
149,700
+26,300
| +21% | +$280K |
|
|
FCH
1534
DELISTED
Felcor Lodging Trust
FCH
| $1.73M | ﹤0.01% |
221,200
+41,200
| +23% | +$295K |
|
|
BLD
1535
DELISTED
TopBuild
BLD
| $1.73M | ﹤0.01% |
60,321
+11,400
| +23% | +$308K |
|
1536
Albany International
AIN
$1.82B
| $1.73M | ﹤0.01% |
47,600
+9,500
| +25% | +$335K |
|
|
AMWD
1537
DELISTED
American Woodmark
AMWD
| $1.72M | ﹤0.01% |
23,800
+4,800
| +25% | +$324K |
|
1538
Artisan Partners
APAM
$3.03B
| $1.71M | ﹤0.01% |
57,400
+11,800
| +26% | +$345K |
|
|
BGG
1539
DELISTED
Briggs & Stratton Corp.
BGG
| $1.71M | ﹤0.01% |
73,900
+13,400
| +22% | +$276K |
|
|
AXON
1540
Axon Enterprise
AXON
$50B
| $1.71M | ﹤0.01% |
89,900
+16,200
| +22% | +$278K |
|
|
DPLO
1541
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $1.7M | ﹤0.01% |
64,400
+16,800
| +35% | +$495K |
|
1542
Methode Electronics
MEI
$593M
| $1.7M | ﹤0.01% |
60,200
+12,000
| +25% | +$326K |
|
1543
Insight Enterprises
NSIT
$4.6B
| $1.7M | ﹤0.01% |
61,300
+11,200
| +22% | +$282K |
|
|
ARI
1544
Apollo Commercial Real Estate
ARI
$886M
| $1.69M | ﹤0.01% |
107,740
+31,100
| +41% | +$500K |
|
1545
Halozyme
HALO
$11.4B
| $1.69M | ﹤0.01% |
185,000
+36,200
| +24% | +$341K |
|
1546
Rogers Corp
ROG
$2.46B
| $1.69M | ﹤0.01% |
29,300
+5,400
| +23% | +$272K |
|
|
KND
1547
DELISTED
Kindred Healthcare
KND
| $1.69M | ﹤0.01% |
141,357
+25,400
| +22% | +$263K |
|
|
BUFF
1548
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $1.69M | ﹤0.01% |
68,000
+11,900
| +21% | +$228K |
|
|
KNL
1549
DELISTED
Knoll, Inc.
KNL
| $1.69M | ﹤0.01% |
80,600
+14,800
| +22% | +$278K |
|
|
DCH
1550
Dauch Corp
DCH
$1.6B
| $1.69M | ﹤0.01% |
113,400
+22,600
| +25% | +$326K |
|
Similar funds
Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.