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 |
Apple
AAPL
|
+$106M |
| 2 |
NXP Semiconductors
NXPI
|
+$93.6M |
| 3 |
Alibaba
BABA
|
+$90M |
| 4 |
ExxonMobil
XOM
|
+$83.7M |
| 5 |
Charter Communications
CHTR
|
+$82.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$162M |
| 2 |
B
Barrick Mining
B
|
+$156M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$144M |
| 4 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$65.4M |
| 5 |
SNDK
SANDISK CORP
SNDK
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.13% |
| 2 | Technology | 14.52% |
| 3 | Consumer Staples | 10.68% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Industrials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Akamai
AKAM
$16.9B
| $27.7M | 0.04% |
495,619
+33,400
| +7% | +$1.76M |
|
|
WRK
427
DELISTED
WestRock Company
WRK
| $27.7M | 0.04% |
711,604
-30,924
| -4% | -$1.16M |
|
428
Mettler-Toledo International
MTD
$28.6B
| $27.6M | 0.04% |
75,700
+4,800
| +7% | +$1.75M |
|
|
HBI
429
DELISTED
Hanesbrands
HBI
| $27.6M | 0.04% |
1,097,800
+79,900
| +8% | +$2.18M |
|
|
XL
430
DELISTED
XL Group Ltd.
XL
| $27.5M | 0.04% |
826,441
+53,000
| +7% | +$1.81M |
|
431
CenterPoint Energy
CNP
$26.4B
| $27.5M | 0.04% |
1,145,622
+83,800
| +8% | +$1.85M |
|
|
KSU
432
DELISTED
Kansas City Southern
KSU
| $27.4M | 0.04% |
304,051
+20,500
| +7% | +$1.87M |
|
433
LKQ Corp
LKQ
$6.22B
| $27.2M | 0.04% |
858,200
+64,600
| +8% | +$2.1M |
|
434
Celanese
CE
$4.88B
| $27M | 0.04% |
413,230
+32,100
| +8% | +$2.23M |
|
435
Western Union
WU
$2.19B
| $27M | 0.04% |
1,406,924
+96,700
| +7% | +$1.88M |
|
436
CarMax
KMX
$8.34B
| $26.9M | 0.04% |
548,700
+22,400
| +4% | +$1.15M |
|
437
Autoliv
ALV
$8.92B
| $26.5M | 0.04% |
342,643
+25,123
| +8% | +$2.15M |
|
|
TWTR
438
DELISTED
Twitter, Inc.
TWTR
| $26.5M | 0.04% |
1,564,600
+56,500
| +4% | +$882K |
|
439
Hasbro
HAS
$13.3B
| $26.5M | 0.04% |
314,946
+23,500
| +8% | +$1.99M |
|
440
Lincoln National
LNC
$8.75B
| $26.2M | 0.04% |
675,364
+32,900
| +5% | +$1.4M |
|
441
Ingredion
INGR
$6.53B
| $26.1M | 0.04% |
201,700
+80,300
| +66% | +$9.34M |
|
442
Fidelity National Financial
FNF
$12.9B
| $26.1M | 0.04% |
1,001,304
+66,690
| +7% | +$1.57M |
|
|
IPG
443
DELISTED
Interpublic Group of Companies
IPG
| $26M | 0.04% |
1,127,190
+71,500
| +7% | +$1.68M |
|
|
DRE
444
DELISTED
Duke Realty Corp.
DRE
| $25.8M | 0.04% |
969,589
+72,500
| +8% | +$1.7M |
|
445
Snap-on
SNA
$21.3B
| $25.7M | 0.04% |
162,700
+11,800
| +8% | +$1.87M |
|
446
Fortune Brands Innovations
FBIN
$5.73B
| $25.6M | 0.04% |
516,672
+31,239
| +6% | +$1.52M |
|
447
Alliant Energy
LNT
$17.7B
| $25.3M | 0.04% |
636,198
+47,100
| +8% | +$1.75M |
|
|
SEE
448
DELISTED
Sealed Air
SEE
| $25.3M | 0.04% |
549,423
+36,600
| +7% | +$1.75M |
|
449
Pinnacle West Capital
PNW
$12B
| $25.2M | 0.04% |
311,251
+23,200
| +8% | +$1.73M |
|
|
ANDV
450
DELISTED
Andeavor
ANDV
| $25.2M | 0.04% |
336,000
+23,200
| +7% | +$1.84M |
|
Similar funds
Swiss National Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Swiss National Bank held 2,670 positions worth $61.8B, up 13% from $54.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.47B of net new capital in Q2 2016, opening 59 new positions and adding to 1,417 existing holdings. Its largest new stake was Under Armour Class C: 522,612 shares worth $19M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 15% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was Kimberly-Clark, an estimated $19.6M trimmed.
- Swiss National Bank's largest Q2 2016 buy was Under Armour Class C: 522,612 shares worth $19M.
- Swiss National Bank added most to Apple in Q2 2016, an estimated $106M increase.
- Swiss National Bank's biggest Q2 2016 reduction was Kimberly-Clark, cutting an estimated $19.6M.
- Swiss National Bank fully exited Brookfield in Q2 2016, selling an estimated $162M.
- Swiss National Bank's ten largest holdings make up 15% of its $61.8B portfolio in Q2 2016.
- Swiss National Bank opened 59 new positions and closed 89 in Q2 2016.
- Swiss National Bank's portfolio value rose 13% quarter-over-quarter to $61.8B.
Based on Swiss National Bank's 13F filing for Q2 2016, filed 3 Aug 2016.