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 | |
|---|---|---|---|---|---|---|
|
RPXC
1976
DELISTED
RPX Corporation
RPXC
| $883K | ﹤0.01% |
81,300
+15,600
| +24% | +$166K |
|
1977
AMC Entertainment Holdings
AMC
$2.35B
| $881K | ﹤0.01% |
3,270
+650
| +25% | +$156K |
|
1978
McGrath RentCorp
MGRC
$2.94B
| $881K | ﹤0.01% |
36,500
+6,900
| +23% | +$169K |
|
|
FBC
1979
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $881K | ﹤0.01% |
42,300
+6,800
| +19% | +$136K |
|
1980
Globalstar
GSAT
$10.7B
| $880K | ﹤0.01% |
41,440
+9,853
| +31% | +$187K |
|
1981
Weis Markets
WMK
$1.77B
| $880K | ﹤0.01% |
20,200
+3,600
| +22% | +$148K |
|
|
SSNI
1982
DELISTED
Silver Spring Networks, Inc.
SSNI
| $879K | ﹤0.01% |
61,400
+9,900
| +19% | +$124K |
|
|
RATE
1983
DELISTED
Bankrate Inc
RATE
| $879K | ﹤0.01% |
99,400
+18,100
| +22% | +$189K |
|
|
NIHD
1984
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $878K | ﹤0.01% |
164,500
+58,800
| +56% | +$257K |
|
1985
TriNet
TNET
$3.22B
| $877K | ﹤0.01% |
63,300
+11,700
| +23% | +$166K |
|
1986
Helix Energy Solutions
HLX
$1.49B
| $876K | ﹤0.01% |
162,100
+30,500
| +23% | +$129K |
|
|
LDL
1987
DELISTED
Lydall, Inc.
LDL
| $876K | ﹤0.01% |
27,900
+5,100
| +22% | +$150K |
|
1988
Virtus Investment Partners
VRTS
$1.14B
| $875K | ﹤0.01% |
11,600
+2,100
| +22% | +$189K |
|
1989
RE/MAX Holdings
RMAX
$265M
| $870K | ﹤0.01% |
26,300
+5,100
| +24% | +$171K |
|
1990
Community Trust Bancorp
CTBI
$1.44B
| $869K | ﹤0.01% |
25,490
+4,800
| +23% | +$163K |
|
|
CTWS
1991
DELISTED
Connecticut Water Service Inc
CTWS
| $869K | ﹤0.01% |
19,900
+3,300
| +20% | +$137K |
|
1992
Fortuna Silver Mines
FSM
$3.1B
| $868K | ﹤0.01% |
228,400
+39,100
| +21% | +$124K |
|
|
ALDR
1993
DELISTED
Alder Biopharmaceuticals
ALDR
| $868K | ﹤0.01% |
36,800
+8,600
| +30% | +$199K |
|
1994
Washington Trust Bancorp
WASH
$767M
| $866K | ﹤0.01% |
24,000
+4,300
| +22% | +$161K |
|
|
UBA
1995
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $866K | ﹤0.01% |
42,836
+8,100
| +23% | +$161K |
|
|
CVT
1996
DELISTED
CVENT, INC.
CVT
| $863K | ﹤0.01% |
41,600
+7,000
| +20% | +$165K |
|
1997
ICF International
ICFI
$1.6B
| $860K | ﹤0.01% |
26,000
+5,200
| +25% | +$174K |
|
1998
Q2 Holdings
QTWO
$4.13B
| $858K | ﹤0.01% |
37,000
+7,000
| +23% | +$150K |
|
1999
SPX Corp
SPXC
$10.6B
| $855K | ﹤0.01% |
59,018
+11,100
| +23% | +$119K |
|
|
UBNK
2000
DELISTED
United Financial Bancorp, Inc.
UBNK
| $855K | ﹤0.01% |
70,565
+14,300
| +25% | +$169K |
|
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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.