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 | |
|---|---|---|---|---|---|---|
|
FRED
2001
DELISTED
Fred's Inc
FRED
| $855K | ﹤0.01% |
59,300
+10,700
| +22% | +$158K |
|
2002
TTEC Holdings
TTEC
$77.4M
| $854K | ﹤0.01% |
31,700
+5,100
| +19% | +$137K |
|
|
KRA
2003
DELISTED
Kraton Corporation
KRA
| $854K | ﹤0.01% |
51,100
+9,200
| +22% | +$143K |
|
2004
CEVA Inc
CEVA
$855M
| $851K | ﹤0.01% |
39,000
+6,300
| +19% | +$131K |
|
|
REV
2005
DELISTED
Revlon, Inc.
REV
| $851K | ﹤0.01% |
24,100
+3,900
| +19% | +$122K |
|
2006
Rush Enterprises Class A
RUSHA
$9.62B
| $850K | ﹤0.01% |
108,675
+20,700
| +24% | +$167K |
|
2007
Omeros
OMER
$1.26B
| $848K | ﹤0.01% |
57,300
+11,000
| +24% | +$134K |
|
|
ONCE
2008
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $846K | ﹤0.01% |
29,700
+8,500
| +40% | +$268K |
|
|
SWIR
2009
DELISTED
Sierra Wireless
SWIR
| $844K | ﹤0.01% |
59,500
+11,400
| +24% | +$153K |
|
|
GNCMA
2010
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $842K | ﹤0.01% |
47,400
+7,600
| +19% | +$139K |
|
|
AAMI
2011
Acadian Asset Management
AAMI
$3.31B
| $841K | ﹤0.01% |
65,360
+12,800
| +24% | +$153K |
|
2012
ArcBest
ARCB
$3.28B
| $838K | ﹤0.01% |
40,200
+7,500
| +23% | +$153K |
|
2013
Sonida Senior Living
SNDA
$1.88B
| $838K | ﹤0.01% |
3,120
+567
| +22% | +$148K |
|
2014
Stock Yards Bancorp
SYBT
$2.64B
| $838K | ﹤0.01% |
33,824
+6,300
| +23% | +$158K |
|
|
SHOR
2015
DELISTED
ShoreTel, Inc.
SHOR
| $837K | ﹤0.01% |
116,200
+19,900
| +21% | +$152K |
|
2016
Unitil
UTL
$992M
| $835K | ﹤0.01% |
20,400
+4,000
| +24% | +$156K |
|
2017
Magnite
MGNI
$3.53B
| $833K | ﹤0.01% |
47,200
+8,800
| +23% | +$135K |
|
|
FPO
2018
DELISTED
First Potomac Realty Trust
FPO
| $833K | ﹤0.01% |
95,200
+17,500
| +23% | +$161K |
|
|
TRST
2019
Trustco Bank Corp NY
TRST
$971M
| $831K | ﹤0.01% |
28,480
+5,760
| +25% | +$165K |
|
2020
Materion
MTRN
$5.88B
| $830K | ﹤0.01% |
32,400
+5,700
| +21% | +$142K |
|
2021
Patrick Industries
PATK
$2.78B
| $830K | ﹤0.01% |
42,638
+7,875
| +23% | +$137K |
|
2022
Supernus Pharmaceuticals
SUPN
$2.74B
| $830K | ﹤0.01% |
56,300
+10,300
| +22% | +$134K |
|
|
SBY
2023
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $828K | ﹤0.01% |
57,666
+10,300
| +22% | +$145K |
|
2024
Rayonier Advanced Materials
RYAM
$570M
| $826K | ﹤0.01% |
89,350
+13,000
| +17% | +$103K |
|
|
GSIG
2025
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $826K | ﹤0.01% |
60,100
+9,500
| +19% | +$122K |
|
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.