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 |
Alphabet (Google) Class A
GOOGL
|
+$406M |
| 2 |
NXP Semiconductors
NXPI
|
+$76.1M |
| 3 |
Alibaba
BABA
|
+$71.1M |
| 4 |
Hewlett Packard
HPE
|
+$47.6M |
| 5 |
Baidu
BIDU
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$392M |
| 2 |
Lockheed Martin
LMT
|
+$114M |
| 3 |
HP
HPQ
|
+$51.3M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$50M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$40.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.85% |
| 2 | Technology | 14.56% |
| 3 | Consumer Discretionary | 10.65% |
| 4 | Consumer Staples | 10.14% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PXD
251
DELISTED
Pioneer Natural Resource Co.
PXD
| $36.9M | 0.09% |
294,452
+28,100
| +11% | +$3.86M |
|
252
Intuitive Surgical
ISRG
$139B
| $36.8M | 0.09% |
606,438
+14,400
| +2% | +$809K |
|
|
BHI
253
DELISTED
Baker Hughes
BHI
| $36.5M | 0.09% |
791,828
+16,100
| +2% | +$824K |
|
254
Conagra Brands
CAG
$7.07B
| $36.5M | 0.09% |
1,112,192
+109,225
| +11% | +$3.49M |
|
255
Essex Property Trust
ESS
$18.2B
| $36.5M | 0.09% |
152,352
+35,700
| +31% | +$8.2M |
|
256
Estee Lauder
EL
$31.5B
| $36.1M | 0.09% |
410,496
-1,500
| -0.4% | -$128K |
|
|
ATVI
257
DELISTED
Activision Blizzard
ATVI
| $35.9M | 0.09% |
927,034
+19,900
| +2% | +$717K |
|
258
Public Service Enterprise Group
PEG
$37.2B
| $35.6M | 0.09% |
918,977
+16,300
| +2% | +$654K |
|
259
Edison International
EIX
$26.1B
| $35M | 0.08% |
591,964
+10,600
| +2% | +$648K |
|
260
Gartner
IT
$12.2B
| $34.7M | 0.08% |
382,759
+234,659
| +158% | +$20.8M |
|
261
Roper Technologies
ROP
$39.9B
| $34.7M | 0.08% |
182,858
-69,100
| -27% | -$12.7M |
|
|
CERN
262
DELISTED
Cerner Corp
CERN
| $34M | 0.08% |
564,272
+11,700
| +2% | +$720K |
|
263
Progressive
PGR
$124B
| $33.9M | 0.08% |
1,065,534
+18,600
| +2% | +$591K |
|
264
Omnicom Group
OMC
$23.2B
| $33.3M | 0.08% |
440,277
+4,300
| +1% | +$316K |
|
265
Restaurant Brands International
QSR
$25.4B
| $33.3M | 0.08% |
892,661
-2,100
| -0.2% | -$77.1K |
|
266
Williams Companies
WMB
$87.9B
| $33.3M | 0.08% |
1,293,941
+24,200
| +2% | +$846K |
|
267
Labcorp
LH
$26.1B
| $32.9M | 0.08% |
309,828
+5,704
| +2% | +$588K |
|
268
Pembina Pipeline
PBA
$27.8B
| $32.8M | 0.08% |
1,509,900
+4,000
| +0.3% | +$96K |
|
269
Hartford Financial Services
HIG
$38.7B
| $32.7M | 0.08% |
753,215
+3,800
| +0.5% | +$174K |
|
270
Equinix
EQIX
$103B
| $32.4M | 0.08% |
107,180
+5,557
| +5% | +$1.62M |
|
271
Keurig Dr Pepper
KDP
$39.9B
| $32.3M | 0.08% |
346,713
+4,600
| +1% | +$408K |
|
272
NVIDIA
NVDA
$5.27T
| $32.3M | 0.08% |
39,171,400
+768,000
| +2% | +$579K |
|
273
Royal Caribbean
RCL
$82.4B
| $32.3M | 0.08% |
318,838
-18,000
| -5% | -$1.71M |
|
274
Zimmer Biomet
ZBH
$18.7B
| $32.2M | 0.08% |
323,333
+5,253
| +2% | +$514K |
|
275
Incyte
INCY
$24.6B
| $32M | 0.08% |
295,000
+7,400
| +3% | +$825K |
|
Similar funds
Swiss National Bank's Q4 2015 Portfolio in Review
As of Q4 2015, Swiss National Bank held 2,738 positions worth $41.3B, up 6.1% from $39B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2015 filing shows 170 new, 721 increased, 248 reduced and 95 closed positions. Its largest new stake was Alphabet (Google) Class A: 10,961,780 shares worth $426M. The largest sale was Alphabet (Google) Class C, an estimated $392M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
- Swiss National Bank's largest Q4 2015 buy was Alphabet (Google) Class A: 10,961,780 shares worth $426M.
- Swiss National Bank added most to Comcast in Q4 2015, an estimated $43.3M increase.
- Swiss National Bank's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $392M.
- Swiss National Bank fully exited Lockheed Martin in Q4 2015, selling an estimated $114M.
- Swiss National Bank's ten largest holdings make up 14% of its $41.3B portfolio in Q4 2015.
- Swiss National Bank opened 170 new positions and closed 95 in Q4 2015.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $41.3B.
Based on Swiss National Bank's 13F filing for Q4 2015, filed 3 Feb 2016.