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 |
DXC Technology
DXC
|
+$79.7M |
| 2 |
Dell
DELL
|
+$72.6M |
| 3 |
RAI
Reynolds American Inc
RAI
|
+$63.3M |
| 4 |
Microsoft
MSFT
|
+$54.9M |
| 5 |
Altria Group
MO
|
+$53.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$149M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$63.3M |
| 3 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$58.3M |
| 4 |
VAL
Valspar
VAL
|
+$38.8M |
| 5 |
WWAV
The WhiteWave Foods Company
WWAV
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.83% |
| 2 | Healthcare | 15.56% |
| 3 | Consumer Discretionary | 10.99% |
| 4 | Communication Services | 10.5% |
| 5 | Industrials | 10.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Skyworks Solutions
SWKS
$10.6B
| $64.8M | 0.08% |
675,600
+17,200
| +3% | +$1.76M |
|
277
Viatris
VTRS
$18.9B
| $64.5M | 0.08% |
1,661,842
+50,100
| +3% | +$1.92M |
|
278
ServiceNow
NOW
$129B
| $64.3M | 0.08% |
3,033,000
+91,000
| +3% | +$1.78M |
|
279
Conagra Brands
CAG
$7.23B
| $64.2M | 0.08% |
1,796,319
+149,400
| +9% | +$5.79M |
|
280
Gen Digital
GEN
$17.5B
| $63.9M | 0.08% |
2,260,976
+52,000
| +2% | +$1.57M |
|
281
Quest Diagnostics
DGX
$26.3B
| $63.4M | 0.08% |
570,530
+12,100
| +2% | +$1.28M |
|
282
Broadridge
BR
$19B
| $63.4M | 0.08% |
838,900
+11,200
| +1% | +$808K |
|
283
J.M. Smucker
SJM
$12.8B
| $63.2M | 0.08% |
534,399
+13,300
| +3% | +$1.68M |
|
284
Jack Henry & Associates
JKHY
$11.1B
| $62.7M | 0.07% |
603,200
+474,100
| +367% | +$47.3M |
|
|
RHT
285
DELISTED
Red Hat Inc
RHT
| $62.4M | 0.07% |
651,415
+15,100
| +2% | +$1.35M |
|
|
COL
286
DELISTED
Rockwell Collins
COL
| $62.3M | 0.07% |
593,160
+131,528
| +28% | +$13.6M |
|
287
Ulta Beauty
ULTA
$24.3B
| $62.1M | 0.07% |
216,100
+6,000
| +3% | +$1.75M |
|
|
WCN
288
Waste Connections
WCN
$42B
| $62M | 0.07% |
961,659
+29,250
| +3% | +$1.82M |
|
289
JD.com
JD
$44.5B
| $61.9M | 0.07% |
1,577,965
-43,900
| -3% | -$1.66M |
|
290
Vulcan Materials
VMC
$36.9B
| $61.3M | 0.07% |
483,642
+14,700
| +3% | +$1.85M |
|
291
Microchip Technology
MCHP
$46B
| $61M | 0.07% |
1,581,418
+50,800
| +3% | +$2M |
|
292
Dollar Tree
DLTR
$25.2B
| $60.3M | 0.07% |
862,447
+27,000
| +3% | +$2.08M |
|
293
Equifax
EFX
$21.4B
| $60.2M | 0.07% |
437,845
+13,500
| +3% | +$1.85M |
|
294
Cintas
CTAS
$81.3B
| $60.1M | 0.07% |
1,905,792
+111,200
| +6% | +$3.46M |
|
295
SBA Communications
SBAC
$19.5B
| $59.6M | 0.07% |
442,051
+2,400
| +0.5% | +$312K |
|
296
Molson Coors Class B
TAP
$8.09B
| $59.5M | 0.07% |
689,028
+21,200
| +3% | +$1.96M |
|
|
INFO
297
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $59.5M | 0.07% |
1,350,757
+80,000
| +6% | +$3.57M |
|
298
Best Buy
BBY
$17.3B
| $59.2M | 0.07% |
1,031,860
+20,900
| +2% | +$1.12M |
|
299
Campbell Soup
CPB
$6.87B
| $58.8M | 0.07% |
1,126,553
-35,000
| -3% | -$1.98M |
|
|
XLNX
300
DELISTED
Xilinx Inc
XLNX
| $58.5M | 0.07% |
909,484
+14,800
| +2% | +$934K |
|
Similar funds
Swiss National Bank's Q2 2017 Portfolio in Review
As of Q2 2017, Swiss National Bank held 2,631 positions worth $84.3B, up 4.9% from $80.4B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q2 2017 filing shows 97 new, 1,346 increased, 213 reduced and 73 closed positions. Its largest new stake was DXC Technology: 1,200,928 shares worth $79.7M. The largest sale was Yahoo Inc, an estimated $149M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2017 buy was DXC Technology: 1,200,928 shares worth $79.7M.
- Swiss National Bank added most to Dell in Q2 2017, an estimated $72.6M increase.
- Swiss National Bank's biggest Q2 2017 reduction was CR Bard Inc., cutting an estimated $63.3M.
- Swiss National Bank fully exited Yahoo Inc in Q2 2017, selling an estimated $149M.
- Swiss National Bank's ten largest holdings make up 17% of its $84.3B portfolio in Q2 2017.
- Swiss National Bank opened 97 new positions and closed 73 in Q2 2017.
- Swiss National Bank's portfolio value rose 4.9% quarter-over-quarter to $84.3B.
Based on Swiss National Bank's 13F filing for Q2 2017, filed 9 Aug 2017.