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 | |
|---|---|---|---|---|---|---|
1551
The Ensign Group
ENSG
$10.6B
| $1.68M | ﹤0.01% |
82,206
+17,425
| +27% | +$343K |
|
|
VRTU
1552
DELISTED
Virtusa Corporation
VRTU
| $1.68M | ﹤0.01% |
46,400
+9,400
| +25% | +$356K |
|
1553
Ubiquiti
UI
$35.3B
| $1.68M | ﹤0.01% |
52,100
+9,000
| +21% | +$279K |
|
|
AAV
1554
DELISTED
Advantage Oil & Gas Ltd
AAV
| $1.68M | ﹤0.01% |
313,300
+73,300
| +31% | +$381K |
|
|
EEQ
1555
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.67M | ﹤0.01% |
125,377
+22,343
| +22% | +$295K |
|
1556
Innoviva
INVA
$1.5B
| $1.67M | ﹤0.01% |
137,700
+30,800
| +29% | +$338K |
|
|
CXRX
1557
DELISTED
Concordia International Corp. Common Stock
CXRX
| $1.67M | ﹤0.01% |
67,210
+17,400
| +35% | +$520K |
|
|
KAMN
1558
DELISTED
Kaman Corp
KAMN
| $1.67M | ﹤0.01% |
40,500
+7,400
| +22% | +$302K |
|
1559
Stepan Co
SCL
$1.48B
| $1.67M | ﹤0.01% |
31,300
+6,100
| +24% | +$293K |
|
|
WSTC
1560
DELISTED
West Corporation
WSTC
| $1.67M | ﹤0.01% |
75,730
+15,400
| +26% | +$321K |
|
1561
Hecla Mining
HL
$11.9B
| $1.66M | ﹤0.01% |
619,237
+131,300
| +27% | +$297K |
|
|
CSH
1562
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $1.66M | ﹤0.01% |
44,500
+7,700
| +21% | +$251K |
|
|
BPFH
1563
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.66M | ﹤0.01% |
149,800
+27,800
| +23% | +$294K |
|
|
MRD
1564
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $1.66M | ﹤0.01% |
168,900
+38,200
| +29% | +$452K |
|
|
YDKN
1565
DELISTED
Yadkin Financial Corporation
YDKN
| $1.66M | ﹤0.01% |
72,466
+33,966
| +88% | +$766K |
|
1566
Standex International
SXI
$3.97B
| $1.66M | ﹤0.01% |
22,000
+3,800
| +21% | +$276K |
|
1567
First Majestic Silver
AG
$9.26B
| $1.65M | ﹤0.01% |
262,100
+53,200
| +25% | +$232K |
|
1568
Innospec
IOSP
$2.31B
| $1.65M | ﹤0.01% |
39,403
+9,303
| +31% | +$430K |
|
1569
Nelnet
NNI
$4.55B
| $1.65M | ﹤0.01% |
43,300
+7,600
| +21% | +$266K |
|
|
UCB
1570
United Community Banks
UCB
$4.43B
| $1.65M | ﹤0.01% |
92,400
+20,800
| +29% | +$369K |
|
|
IPHI
1571
DELISTED
INPHI CORPORATION
IPHI
| $1.65M | ﹤0.01% |
51,100
+10,500
| +26% | +$280K |
|
|
KKD
1572
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $1.64M | ﹤0.01% |
109,100
+19,100
| +21% | +$277K |
|
|
KYNB
1573
Kyntra Bio
KYNB
$28.5M
| $1.64M | ﹤0.01% |
3,200
+664
| +26% | +$331K |
|
1574
Otter Tail
OTTR
$3.9B
| $1.63M | ﹤0.01% |
57,000
+11,300
| +25% | +$310K |
|
1575
Adtran
ADTN
$658M
| $1.63M | ﹤0.01% |
83,400
+15,100
| +22% | +$279K |
|
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.