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 |
Alphabet (Google) Class A
GOOGL
|
+$406M |
| 2 |
NXP Semiconductors
NXPI
|
+$76.1M |
| 3 |
Alibaba
BABA
|
+$71.1M |
| 4 |
Hewlett Packard
HPE
|
+$47.6M |
| 5 |
Baidu
BIDU
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$392M |
| 2 |
Lockheed Martin
LMT
|
+$114M |
| 3 |
HP
HPQ
|
+$51.3M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$50M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$40.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.85% |
| 2 | Technology | 14.56% |
| 3 | Consumer Discretionary | 10.65% |
| 4 | Consumer Staples | 10.14% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Ionis Pharmaceuticals
IONS
$9.34B
| $13.4M | 0.03% |
217,000
+3,400
| +2% | +$183K |
|
|
CPGX
502
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $13.4M | 0.03% |
669,176
+102,800
| +18% | +$2.04M |
|
|
SPLK
503
DELISTED
Splunk Inc
SPLK
| $13.4M | 0.03% |
227,300
+3,600
| +2% | +$206K |
|
504
Aramark
ARMK
$15.9B
| $13.3M | 0.03% |
570,620
+8,033
| +1% | +$184K |
|
505
Darden Restaurants
DRI
$24.8B
| $13.2M | 0.03% |
207,841
-18,181
| -8% | -$1.06M |
|
|
WP
506
DELISTED
Worldpay, Inc.
WP
| $13.2M | 0.03% |
277,500
+17,100
| +7% | +$843K |
|
507
Methanex
MEOH
$4.24B
| $13.2M | 0.03% |
399,100
-13,300
| -3% | -$508K |
|
508
Vermilion Energy
VET
$1.74B
| $13.1M | 0.03% |
484,600
+1,200
| +0.2% | +$37.7K |
|
|
DRE
509
DELISTED
Duke Realty Corp.
DRE
| $13.1M | 0.03% |
624,589
+8,900
| +1% | +$182K |
|
510
CAE Inc. Common Shares
CAE
$8.71B
| $13.1M | 0.03% |
1,181,800
| – | – |
|
511
NetEase
NTES
$82.1B
| $13.1M | 0.03% |
+360,170
| New | +$11.2M |
|
512
Alnylam Pharmaceuticals
ALNY
$29.4B
| $13M | 0.03% |
138,300
+3,400
| +3% | +$315K |
|
513
HF Sinclair
DINO
$15.4B
| $13M | 0.03% |
326,007
-4,100
| -1% | -$194K |
|
514
Jones Lang LaSalle
JLL
$16.7B
| $13M | 0.03% |
81,300
+1,200
| +1% | +$190K |
|
515
Arthur J. Gallagher & Co
AJG
$65.5B
| $13M | 0.03% |
317,085
+17,400
| +6% | +$748K |
|
516
American Airlines Group
AAL
$10.2B
| $13M | 0.03% |
306,500
-2,600
| -0.8% | -$113K |
|
|
VER
517
DELISTED
VEREIT, Inc.
VER
| $13M | 0.03% |
327,556
+4,520
| +1% | +$185K |
|
518
Globe Life
GL
$14.2B
| $13M | 0.03% |
226,828
+1,800
| +0.8% | +$105K |
|
519
United Therapeutics
UTHR
$22.5B
| $13M | 0.03% |
82,700
+200
| +0.2% | +$29.1K |
|
520
Pinnacle West Capital
PNW
$12.1B
| $12.9M | 0.03% |
200,551
+2,900
| +1% | +$185K |
|
521
Southwest Airlines
LUV
$22.3B
| $12.9M | 0.03% |
299,412
+1,200
| +0.4% | +$53.1K |
|
522
Alliant Energy
LNT
$17.7B
| $12.8M | 0.03% |
409,698
+6,400
| +2% | +$192K |
|
523
Crown Holdings
CCK
$13.2B
| $12.8M | 0.03% |
252,133
+3,700
| +1% | +$188K |
|
524
United Rentals
URI
$71.6B
| $12.6M | 0.03% |
173,300
+300
| +0.2% | +$21.7K |
|
|
DISCK
525
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $12.5M | 0.03% |
496,274
+7,000
| +1% | +$191K |
|
Similar funds
Swiss National Bank's Q4 2015 Portfolio in Review
As of Q4 2015, Swiss National Bank held 2,738 positions worth $41.3B, up 6.1% from $39B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2015 filing shows 170 new, 721 increased, 248 reduced and 95 closed positions. Its largest new stake was Alphabet (Google) Class A: 10,961,780 shares worth $426M. The largest sale was Alphabet (Google) Class C, an estimated $392M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
- Swiss National Bank's largest Q4 2015 buy was Alphabet (Google) Class A: 10,961,780 shares worth $426M.
- Swiss National Bank added most to Comcast in Q4 2015, an estimated $43.3M increase.
- Swiss National Bank's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $392M.
- Swiss National Bank fully exited Lockheed Martin in Q4 2015, selling an estimated $114M.
- Swiss National Bank's ten largest holdings make up 14% of its $41.3B portfolio in Q4 2015.
- Swiss National Bank opened 170 new positions and closed 95 in Q4 2015.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $41.3B.
Based on Swiss National Bank's 13F filing for Q4 2015, filed 3 Feb 2016.