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 | |
|---|---|---|---|---|---|---|
1626
Clearwater Paper
CLW
$354M
| $1.51M | ﹤0.01% |
32,200
+5,400
| +20% | +$225K |
|
1627
St. Joe Company
JOE
$3.89B
| $1.51M | ﹤0.01% |
91,000
+15,900
| +21% | +$251K |
|
1628
Cooper-Standard Automotive
CPS
$484M
| $1.51M | ﹤0.01% |
21,700
-400
| -2% | -$28.4K |
|
1629
United Fire Group
UFCS
$1.38B
| $1.5M | ﹤0.01% |
35,500
+6,500
| +22% | +$256K |
|
1630
Badger Meter
BMI
$3.78B
| $1.5M | ﹤0.01% |
46,800
+8,800
| +23% | +$272K |
|
|
QUNR
1631
DELISTED
Qunar Cayman Islands Limited
QUNR
| $1.49M | ﹤0.01% |
37,632
+9,732
| +35% | +$375K |
|
|
HF
1632
DELISTED
HFF Inc.
HF
| $1.49M | ﹤0.01% |
56,100
+10,300
| +22% | +$274K |
|
|
FOE
1633
DELISTED
Ferro Corporation
FOE
| $1.49M | ﹤0.01% |
130,000
+23,600
| +22% | +$237K |
|
1634
E.W. Scripps
SSP
$310M
| $1.49M | ﹤0.01% |
98,616
+16,300
| +20% | +$286K |
|
|
FOLD
1635
DELISTED
Amicus Therapeutics
FOLD
| $1.49M | ﹤0.01% |
182,600
+42,400
| +30% | +$300K |
|
1636
Mativ Holdings
MATV
$667M
| $1.48M | ﹤0.01% |
48,800
+9,200
| +23% | +$329K |
|
1637
RPC Inc
RES
$1.39B
| $1.48M | ﹤0.01% |
108,000
+21,200
| +24% | +$269K |
|
|
ECOL
1638
DELISTED
US Ecology, Inc.
ECOL
| $1.48M | ﹤0.01% |
34,700
+6,600
| +23% | +$239K |
|
1639
Banner Corp
BANR
$2.5B
| $1.48M | ﹤0.01% |
36,300
+7,400
| +26% | +$303K |
|
|
TYPE
1640
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.48M | ﹤0.01% |
63,900
+12,100
| +23% | +$282K |
|
|
ITCI
1641
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.47M | ﹤0.01% |
54,700
+14,800
| +37% | +$493K |
|
1642
8x8 Inc
EGHT
$303M
| $1.47M | ﹤0.01% |
151,000
+30,400
| +25% | +$333K |
|
1643
Scholastic
SCHL
$784M
| $1.46M | ﹤0.01% |
40,500
+9,000
| +29% | +$321K |
|
1644
Chesapeake Utilities
CPK
$3.26B
| $1.46M | ﹤0.01% |
24,050
+4,600
| +24% | +$280K |
|
1645
WSFS Financial
WSFS
$4.17B
| $1.46M | ﹤0.01% |
46,500
+8,600
| +23% | +$260K |
|
1646
Primoris Services
PRIM
$4.35B
| $1.46M | ﹤0.01% |
62,100
+11,700
| +23% | +$250K |
|
|
NEWP
1647
DELISTED
NEWPORT CORP
NEWP
| $1.45M | ﹤0.01% |
65,300
+11,700
| +22% | +$214K |
|
|
HT
1648
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.45M | ﹤0.01% |
70,275
+12,600
| +22% | +$247K |
|
1649
Green Dot
GDOT
$770M
| $1.45M | ﹤0.01% |
65,200
+13,300
| +26% | +$258K |
|
|
SNR
1650
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.45M | ﹤0.01% |
145,316
+42,800
| +42% | +$401K |
|
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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.