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 |
Amphenol
APH
|
+$42.3M |
| 2 |
United Parcel Service
UPS
|
+$34.7M |
| 3 |
Lumen
LUMN
|
+$28.1M |
| 4 |
Invitation Homes
INVH
|
+$26.7M |
| 5 |
Progressive
PGR
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$90.4M |
| 2 |
Dell
DELL
|
+$67.6M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
+$64.9M |
| 4 |
AT&T
T
|
+$36.5M |
| 5 |
Automatic Data Processing
ADP
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.06% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Industrials | 10.59% |
| 5 | Communication Services | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
EQT Corp
EQT
$32.3B
| $53.1M | 0.06% |
1,714,463
+541,289
| +46% | +$17.7M |
|
|
MRO
352
DELISTED
Marathon Oil Corporation
MRO
| $53M | 0.06% |
3,129,397
| – | – |
|
353
TransDigm Group
TDG
$67.7B
| $52.8M | 0.06% |
192,400
| – | – |
|
354
Loews
L
$23.6B
| $52.7M | 0.06% |
1,054,119
| – | – |
|
355
Albemarle
ALB
$15.5B
| $52.4M | 0.06% |
409,606
| – | – |
|
356
Equifax
EFX
$21.4B
| $52.3M | 0.06% |
443,245
| – | – |
|
357
Henry Schein
HSIC
$9.82B
| $52.1M | 0.06% |
951,173
+8,288
| +0.9% | +$481K |
|
358
Masco
MAS
$15.3B
| $51.8M | 0.06% |
1,179,041
| – | – |
|
359
Genuine Parts
GPC
$18.7B
| $51.6M | 0.06% |
543,530
| – | – |
|
360
TechnipFMC
FTI
$27.3B
| $51.1M | 0.06% |
2,194,892
| – | – |
|
361
Martin Marietta Materials
MLM
$33B
| $51M | 0.06% |
230,950
| – | – |
|
362
Wynn Resorts
WYNN
$10.6B
| $50.9M | 0.06% |
301,962
+600
| +0.2% | +$92.5K |
|
363
IQVIA
IQV
$39.3B
| $50.8M | 0.05% |
518,519
| – | – |
|
364
VeriSign
VRSN
$26.6B
| $50.6M | 0.05% |
442,230
+104,900
| +31% | +$11.7M |
|
365
NOV
NOV
$7B
| $50.4M | 0.05% |
1,399,047
| – | – |
|
366
Idexx Laboratories
IDXX
$46.2B
| $50.3M | 0.05% |
321,900
-2,600
| -0.8% | -$409K |
|
367
Ovintiv
OVV
$16.4B
| $50.2M | 0.05% |
752,280
| – | – |
|
368
Workday
WDAY
$44.4B
| $50.2M | 0.05% |
493,300
+10,000
| +2% | +$1.07M |
|
369
FirstEnergy
FE
$27.5B
| $50.1M | 0.05% |
1,636,981
+3,200
| +0.2% | +$104K |
|
|
HES
370
DELISTED
Hess
HES
| $50.1M | 0.05% |
1,055,165
+2,000
| +0.2% | +$90.2K |
|
|
NBL
371
DELISTED
Noble Energy, Inc.
NBL
| $49.7M | 0.05% |
1,705,981
-14,700
| -0.9% | -$402K |
|
372
Eastman Chemical
EMN
$8.42B
| $49.5M | 0.05% |
534,838
-3,000
| -0.6% | -$273K |
|
|
CTXS
373
DELISTED
Citrix Systems Inc
CTXS
| $49.2M | 0.05% |
559,216
-2,000
| -0.4% | -$169K |
|
374
Kinross Gold
KGC
$32.8B
| $49.2M | 0.05% |
11,395,935
+79,500
| +0.7% | +$331K |
|
375
International Flavors & Fragrances
IFF
$21.9B
| $49.1M | 0.05% |
321,864
+1,300
| +0.4% | +$195K |
|
Similar funds
Swiss National Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Swiss National Bank held 2,605 positions worth $92.6B, up 5.4% from $87.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q4 2017 filing shows 77 new, 1,182 increased, 249 reduced and 91 closed positions. Its largest new stake was Invitation Homes: 1,152,016 shares worth $27.2M. The largest sale was CR Bard Inc., an estimated $90.4M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2017 buy was Invitation Homes: 1,152,016 shares worth $27.2M.
- Swiss National Bank added most to Amphenol in Q4 2017, an estimated $42.3M increase.
- Swiss National Bank's biggest Q4 2017 reduction was Dell, cutting an estimated $67.6M.
- Swiss National Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $90.4M.
- Swiss National Bank's ten largest holdings make up 17% of its $92.6B portfolio in Q4 2017.
- Swiss National Bank opened 77 new positions and closed 91 in Q4 2017.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $92.6B.
Based on Swiss National Bank's 13F filing for Q4 2017, filed 7 Feb 2018.