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 |
Fortive
FTV
|
+$43.6M |
| 2 |
Johnson Controls International
JCI
|
+$41.3M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$35.6M |
| 4 |
Telus
TU
|
+$34.2M |
| 5 |
Dell
DELL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$170M |
| 2 |
Annaly Capital Management
NLY
|
+$81.7M |
| 3 |
Thomson Reuters
TRI
|
+$78.4M |
| 4 |
AGNC Investment
AGNC
|
+$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.52% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.15% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Hormel Foods
HRL
$13.4B
| $37M | 0.06% |
976,094
-13,900
| -1% | -$516K |
|
|
FL
352
DELISTED
Foot Locker
FL
| $37M | 0.06% |
545,900
-11,900
| -2% | -$742K |
|
353
Arch Capital
ACGL
$33.6B
| $36.9M | 0.06% |
1,396,404
-25,200
| -2% | -$641K |
|
354
Microchip Technology
MCHP
$44.6B
| $36.9M | 0.06% |
1,187,418
-11,600
| -1% | -$337K |
|
355
Alcoa
AA
$14B
| $36.9M | 0.06% |
1,513,977
-19,850
| -1% | -$484K |
|
|
VIAB
356
DELISTED
Viacom Inc. Class B
VIAB
| $36.6M | 0.06% |
960,770
-10,400
| -1% | -$431K |
|
357
Perrigo
PRGO
$1.74B
| $36.6M | 0.06% |
396,262
-5,200
| -1% | -$479K |
|
|
CTXS
358
DELISTED
Citrix Systems Inc
CTXS
| $36.5M | 0.06% |
537,879
-4,019
| -0.7% | -$274K |
|
359
Aramark
ARMK
$16.1B
| $36.4M | 0.06% |
1,326,692
-15,512
| -1% | -$410K |
|
360
W.W. Grainger
GWW
$61.3B
| $36.3M | 0.06% |
161,474
-3,000
| -2% | -$674K |
|
|
WCN
361
Waste Connections
WCN
$42.1B
| $36.2M | 0.06% |
726,309
-2,100
| -0.3% | -$106K |
|
362
Markel Group
MKL
$22.9B
| $36M | 0.06% |
38,800
-400
| -1% | -$373K |
|
363
AXIS Capital
AXS
$7.39B
| $36M | 0.06% |
662,846
-24,100
| -4% | -$1.33M |
|
|
364
Telus
TU
$15.2B
| $35.8M | 0.06% |
2,238,400
+2,069,800
| +1,228% | +$34.2M |
|
365
Royal Caribbean
RCL
$81.5B
| $35.8M | 0.06% |
477,538
-9,900
| -2% | -$697K |
|
|
TWTR
366
DELISTED
Twitter, Inc.
TWTR
| $35.8M | 0.06% |
1,551,300
-13,300
| -0.9% | -$250K |
|
367
ServiceNow
NOW
$131B
| $35.6M | 0.06% |
2,246,000
-7,500
| -0.3% | -$111K |
|
368
Waters Corp
WAT
$40.4B
| $35.5M | 0.06% |
224,259
-3,600
| -2% | -$557K |
|
369
Broadridge
BR
$19.7B
| $35.5M | 0.06% |
524,100
-10,300
| -2% | -$703K |
|
370
Gildan
GIL
$10.8B
| $35.4M | 0.06% |
1,265,700
-45,100
| -3% | -$1.33M |
|
|
XEC
371
DELISTED
CIMAREX ENERGY CO
XEC
| $35.2M | 0.06% |
262,261
-3,700
| -1% | -$464K |
|
372
Bread Financial
BFH
$4.39B
| $35.1M | 0.06% |
204,988
-3,258
| -2% | -$555K |
|
373
Mohawk Industries
MHK
$9.23B
| $34.9M | 0.06% |
174,274
-2,000
| -1% | -$411K |
|
|
ANSS
374
DELISTED
Ansys
ANSS
| $34.8M | 0.06% |
376,200
-6,200
| -2% | -$578K |
|
375
Hilton Worldwide
HLT
$70.5B
| $34.5M | 0.06% |
501,767
-5,866
| -1% | -$414K |
|
Similar funds
Swiss National Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Swiss National Bank held 2,590 positions worth $62.4B, up 0.99% from $61.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2016: portfolio turnover was 2.4%. Swiss National Bank opened 9 new positions and exited 54, leaving the 2,590-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2016 buy was Fortive: 1,359,115 shares worth $43.6M.
- Swiss National Bank added most to Johnson Controls International in Q3 2016, an estimated $41.3M increase.
- Swiss National Bank's biggest Q3 2016 reduction was Danaher, cutting an estimated $45.6M.
- Swiss National Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $170M.
- Swiss National Bank's ten largest holdings make up 16% of its $62.4B portfolio in Q3 2016.
- Swiss National Bank opened 9 new positions and closed 54 in Q3 2016.
- Swiss National Bank's portfolio value rose 0.99% quarter-over-quarter to $62.4B.
Based on Swiss National Bank's 13F filing for Q3 2016, filed 7 Nov 2016.