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 |
Teva Pharmaceuticals
TEVA
|
+$145M |
| 2 |
Fortis
FTS
|
+$68.9M |
| 3 |
Intuitive Surgical
ISRG
|
+$47.9M |
| 4 |
Keurig Dr Pepper
KDP
|
+$39.6M |
| 5 |
Medtronic
MDT
|
+$34.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$63.4M |
| 2 |
Hershey
HSY
|
+$51.3M |
| 3 |
American Tower
AMT
|
+$50.3M |
| 4 |
Alcoa
AA
|
+$34.6M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$32.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.54% |
| 2 | Healthcare | 14.34% |
| 3 | Industrials | 10.58% |
| 4 | Consumer Discretionary | 10.4% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Vornado Realty Trust
VNO
$7.26B
| $49.4M | 0.08% |
585,402
-278,448
| -32% | -$21.9M |
|
277
Monster Beverage
MNST
$89.6B
| $49.4M | 0.08% |
2,226,804
+12,000
| +0.5% | +$275K |
|
278
DTE Energy
DTE
$28.5B
| $49.2M | 0.08% |
587,294
+2,820
| +0.5% | +$227K |
|
|
WR
279
DELISTED
Westar Energy Inc
WR
| $49.1M | 0.08% |
870,600
+478,600
| +122% | +$27.2M |
|
280
Eversource Energy
ES
$26.8B
| $48.8M | 0.08% |
883,557
+4,400
| +0.5% | +$235K |
|
281
Rockwell Automation
ROK
$48.3B
| $48.5M | 0.08% |
360,536
-600
| -0.2% | -$76.6K |
|
282
Viatris
VTRS
$18.7B
| $48.3M | 0.08% |
1,266,342
+2,300
| +0.2% | +$85.5K |
|
283
Stanley Black & Decker
SWK
$15.5B
| $48.1M | 0.08% |
419,064
+1,800
| +0.4% | +$214K |
|
|
LVLT
284
DELISTED
Level 3 Communications Inc
LVLT
| $48M | 0.08% |
851,301
+8,528
| +1% | +$450K |
|
|
285
Hershey
HSY
$36.7B
| $47.6M | 0.08% |
460,126
-519,100
| -53% | -$51.3M |
|
286
Broadridge
BR
$19.8B
| $47.5M | 0.07% |
716,800
+192,700
| +37% | +$12.5M |
|
287
Check Point Software Technologies
CHKP
$13.4B
| $47.4M | 0.07% |
561,600
+3,300
| +0.6% | +$271K |
|
288
Ferrari
RACE
$71.5B
| $47.4M | 0.07% |
811,694
-2,028
| -0.2% | -$111K |
|
289
Incyte
INCY
$24.6B
| $47.3M | 0.07% |
471,300
+3,500
| +0.7% | +$341K |
|
290
Lam Research
LRCX
$383B
| $47.2M | 0.07% |
4,463,460
+53,000
| +1% | +$538K |
|
291
Labcorp
LH
$26.1B
| $47.1M | 0.07% |
426,810
+5,005
| +1% | +$556K |
|
292
Estee Lauder
EL
$31.5B
| $47.1M | 0.07% |
615,396
-1,000
| -0.2% | -$81.3K |
|
293
Gartner
IT
$12.2B
| $46.6M | 0.07% |
460,759
+11,800
| +3% | +$1.14M |
|
294
Fortive
FTV
$18.6B
| $46.5M | 0.07% |
1,373,704
+14,589
| +1% | +$483K |
|
|
SJR
295
DELISTED
Shaw Communications Inc.
SJR
| $46.4M | 0.07% |
2,316,100
-5,300
| -0.2% | -$105K |
|
296
Vulcan Materials
VMC
$37B
| $46.4M | 0.07% |
370,842
+1,700
| +0.5% | +$206K |
|
297
Principal Financial Group
PFG
$24.4B
| $46.3M | 0.07% |
800,963
-2,000
| -0.2% | -$112K |
|
298
T-Mobile US
TMUS
$191B
| $46.1M | 0.07% |
801,924
+6,700
| +0.8% | +$351K |
|
299
AXIS Capital
AXS
$7.43B
| $46.1M | 0.07% |
705,546
+42,700
| +6% | +$2.57M |
|
300
Henry Schein
HSIC
$9.82B
| $45.9M | 0.07% |
771,270
-71,400
| -8% | -$4.31M |
|
Similar funds
Swiss National Bank's Q4 2016 Portfolio in Review
As of Q4 2016, Swiss National Bank held 2,615 positions worth $63.4B, up 1.6% from $62.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q4 2016: portfolio turnover was 5%. Swiss National Bank opened 79 new positions and exited 51, leaving the 2,615-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Healthcare and Industrials.
- Swiss National Bank's largest Q4 2016 buy was Teva Pharmaceuticals: 3,630,251 shares worth $132M.
- Swiss National Bank added most to Intuitive Surgical in Q4 2016, an estimated $47.9M increase.
- Swiss National Bank's biggest Q4 2016 reduction was Hershey, cutting an estimated $51.3M.
- Swiss National Bank fully exited LinkedIn Corporation in Q4 2016, selling an estimated $63.4M.
- Swiss National Bank's ten largest holdings make up 15% of its $63.4B portfolio in Q4 2016.
- Swiss National Bank opened 79 new positions and closed 51 in Q4 2016.
- Swiss National Bank's portfolio value rose 1.6% quarter-over-quarter to $63.4B.
Based on Swiss National Bank's 13F filing for Q4 2016, filed 8 Feb 2017.