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 | |
|---|---|---|---|---|---|---|
351
AXIS Capital
AXS
$7.55B
| $49M | 0.06% |
757,346
-12,400
| -2% | -$809K |
|
352
Loews
L
$23.6B
| $48.9M | 0.06% |
1,045,419
+30,600
| +3% | +$1.43M |
|
|
WFM
353
DELISTED
Whole Foods Market Inc
WFM
| $48.9M | 0.06% |
1,160,566
+32,400
| +3% | +$1.18M |
|
354
Celanese
CE
$4.82B
| $48.8M | 0.06% |
513,530
+6,100
| +1% | +$544K |
|
355
RenaissanceRe
RNR
$13.4B
| $48.7M | 0.06% |
349,975
+4,200
| +1% | +$590K |
|
356
Tapestry
TPR
$32.8B
| $48.5M | 0.06% |
1,024,173
+30,800
| +3% | +$1.35M |
|
|
AGU
357
DELISTED
Agrium
AGU
| $48.4M | 0.06% |
533,943
+2,300
| +0.4% | +$212K |
|
|
NBL
358
DELISTED
Noble Energy, Inc.
NBL
| $48.3M | 0.06% |
1,706,881
+184,199
| +12% | +$5.74M |
|
359
Corpay
CPAY
$25.7B
| $48.3M | 0.06% |
334,600
+5,800
| +2% | +$828K |
|
360
Bath & Body Works
BBWI
$4.1B
| $47.7M | 0.06% |
1,095,350
+30,059
| +3% | +$1.23M |
|
|
WR
361
DELISTED
Westar Energy Inc
WR
| $47.6M | 0.06% |
898,200
-99,300
| -10% | -$5.26M |
|
|
MBLY
362
DELISTED
Mobileye N.V.
MBLY
| $47.3M | 0.06% |
753,800
+125,100
| +20% | +$7.76M |
|
363
Trip.com Group
TCOM
$29.1B
| $47.2M | 0.06% |
876,662
-13,000
| -1% | -$689K |
|
364
Bread Financial
BFH
$4.38B
| $47.2M | 0.06% |
230,299
-3,258
| -1% | -$647K |
|
365
FirstEnergy
FE
$27.5B
| $47M | 0.06% |
1,612,181
+103,600
| +7% | +$3.08M |
|
366
Ferrari
RACE
$72.5B
| $47M | 0.06% |
547,694
-39,339
| -7% | -$3.22M |
|
|
ATH
367
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $46.6M | 0.06% |
+939,900
| New | +$48.2M |
|
|
MXIM
368
DELISTED
Maxim Integrated Products
MXIM
| $46.3M | 0.05% |
1,030,971
+27,200
| +3% | +$1.25M |
|
369
C.H. Robinson
CHRW
$17.5B
| $46.2M | 0.05% |
673,028
+14,300
| +2% | +$1.01M |
|
370
IQVIA
IQV
$39.3B
| $46.2M | 0.05% |
516,219
-7,200
| -1% | -$608K |
|
371
ResMed
RMD
$30.7B
| $46.1M | 0.05% |
592,400
+17,100
| +3% | +$1.22M |
|
372
Fastenal
FAST
$59.5B
| $46M | 0.05% |
4,223,508
+126,800
| +3% | +$1.42M |
|
373
Kinross Gold
KGC
$32.8B
| $45.8M | 0.05% |
11,257,635
-208,600
| -2% | -$830K |
|
|
HES
374
DELISTED
Hess
HES
| $45.5M | 0.05% |
1,037,865
+28,200
| +3% | +$1.32M |
|
375
Dover
DOV
$28.4B
| $45.5M | 0.05% |
702,215
+20,675
| +3% | +$1.35M |
|
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.