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 | |
|---|---|---|---|---|---|---|
426
Packaging Corp of America
PKG
$22.8B
| $38.3M | 0.05% |
343,700
+9,800
| +3% | +$987K |
|
427
Teck Resources
TECK
$32.6B
| $38.1M | 0.05% |
2,197,679
-98,900
| -4% | -$1.89M |
|
428
Everest Group
EG
$14.4B
| $37.9M | 0.05% |
148,975
+4,200
| +3% | +$1.04M |
|
429
Bunge Global
BG
$20.8B
| $37.9M | 0.05% |
508,135
+14,000
| +3% | +$1.07M |
|
430
Advanced Micro Devices
AMD
$789B
| $37.6M | 0.04% |
3,009,700
+217,300
| +8% | +$2.66M |
|
431
Arthur J. Gallagher & Co
AJG
$63.6B
| $37.3M | 0.04% |
650,685
+19,700
| +3% | +$1.11M |
|
432
Domino's
DPZ
$11.6B
| $37.1M | 0.04% |
175,200
+4,900
| +3% | +$967K |
|
433
EQT Corp
EQT
$32.3B
| $37M | 0.04% |
1,159,948
-319,271
| -22% | -$10.1M |
|
434
LKQ Corp
LKQ
$6.29B
| $37M | 0.04% |
1,122,100
+32,500
| +3% | +$1M |
|
|
VMW
435
DELISTED
VMware, Inc
VMW
| $36.9M | 0.04% |
422,061
+63,200
| +18% | +$5.83M |
|
436
W.W. Grainger
GWW
$60.2B
| $36.8M | 0.04% |
203,874
+3,300
| +2% | +$623K |
|
437
DaVita
DVA
$11.7B
| $36.8M | 0.04% |
567,818
-1,400
| -0.2% | -$92.7K |
|
438
Fortune Brands Innovations
FBIN
$6.06B
| $36.7M | 0.04% |
657,774
+18,018
| +3% | +$976K |
|
439
CDW
CDW
$17B
| $36.6M | 0.04% |
585,300
+73,800
| +14% | +$4.41M |
|
|
MRO
440
DELISTED
Marathon Oil Corporation
MRO
| $36.6M | 0.04% |
3,086,597
+84,600
| +3% | +$1.18M |
|
441
Xylem
XYL
$28.1B
| $36.2M | 0.04% |
653,822
+18,200
| +3% | +$948K |
|
|
DRE
442
DELISTED
Duke Realty Corp.
DRE
| $36.2M | 0.04% |
1,295,489
+38,700
| +3% | +$1.09M |
|
443
Lear
LEA
$8.18B
| $36M | 0.04% |
253,200
+4,500
| +2% | +$637K |
|
444
Cheniere Energy
LNG
$52.9B
| $35.9M | 0.04% |
736,500
+28,800
| +4% | +$1.37M |
|
445
Delta Air Lines
DAL
$60.1B
| $35.8M | 0.04% |
665,607
+2,200
| +0.3% | +$108K |
|
446
FMC
FMC
$1.33B
| $35.6M | 0.04% |
562,129
+15,335
| +3% | +$987K |
|
447
Perrigo
PRGO
$1.78B
| $35.5M | 0.04% |
470,062
-38,000
| -7% | -$2.72M |
|
448
Targa Resources
TRGP
$55.1B
| $35.5M | 0.04% |
785,100
+144,100
| +22% | +$7.25M |
|
449
Vail Resorts
MTN
$5.3B
| $35.4M | 0.04% |
174,400
+108,313
| +164% | +$21.8M |
|
|
SJR
450
DELISTED
Shaw Communications Inc.
SJR
| $35.4M | 0.04% |
1,620,700
-74,700
| -4% | -$1.61M |
|
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.