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 |
Fortive
FTV
|
+$43.6M |
| 2 |
Johnson Controls International
JCI
|
+$41.3M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$35.6M |
| 4 |
Telus
TU
|
+$34.2M |
| 5 |
Dell
DELL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$170M |
| 2 |
Annaly Capital Management
NLY
|
+$81.7M |
| 3 |
Thomson Reuters
TRI
|
+$78.4M |
| 4 |
AGNC Investment
AGNC
|
+$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.52% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.15% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
N
601
DELISTED
Netsuite Inc
N
| $12.3M | 0.02% |
111,100
-900
| -0.8% | -$90.7K |
|
602
Diamondback Energy
FANG
$56.7B
| $12M | 0.02% |
124,644
+5,078
| +4% | +$468K |
|
|
FLIR
603
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $12M | 0.02% |
380,729
-4,800
| -1% | -$151K |
|
|
CPN
604
DELISTED
Calpine Corporation
CPN
| $11.9M | 0.02% |
942,158
-7,600
| -0.8% | -$102K |
|
605
NNN REIT
NNN
$8.76B
| $11.9M | 0.02% |
233,075
-4,100
| -2% | -$210K |
|
606
Teleflex
TFX
$5.9B
| $11.8M | 0.02% |
70,500
+700
| +1% | +$125K |
|
607
DexCom
DXCM
$33.4B
| $11.8M | 0.02% |
540,064
-3,200
| -0.6% | -$71.2K |
|
|
ITC
608
DELISTED
ITC HOLDINGS CORP
ITC
| $11.8M | 0.02% |
253,700
-8,000
| -3% | -$370K |
|
|
ENDP
609
DELISTED
Endo International plc
ENDP
| $11.8M | 0.02% |
584,863
-7,300
| -1% | -$145K |
|
|
CSC
610
DELISTED
Computer Sciences
CSC
| $11.7M | 0.02% |
224,266
-8,100
| -3% | -$391K |
|
611
Huntington Ingalls Industries
HII
$13B
| $11.7M | 0.02% |
76,100
-1,800
| -2% | -$299K |
|
612
Melco Resorts & Entertainment
MLCO
$2.12B
| $11.6M | 0.02% |
720,647
-11,200
| -2% | -$158K |
|
|
AIV
613
Aimco
AIV
$382M
| $11.6M | 0.02% |
1,894,717
-71,315
| -4% | -$429K |
|
|
EVHC
614
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $11.5M | 0.02% |
172,878
-2,272
| -1% | -$156K |
|
615
RPM International
RPM
$14.9B
| $11.5M | 0.02% |
214,203
-7,700
| -3% | -$409K |
|
616
IDEX
IEX
$17.4B
| $11.5M | 0.02% |
122,800
-3,400
| -3% | -$307K |
|
617
Middleby
MIDD
$5.59B
| $11.5M | 0.02% |
92,827
-3,300
| -3% | -$405K |
|
618
CoStar Group
CSGP
$12.7B
| $11.4M | 0.02% |
527,090
-13,000
| -2% | -$277K |
|
619
HF Sinclair
DINO
$15.4B
| $11.4M | 0.02% |
463,907
-6,200
| -1% | -$156K |
|
620
Antero Resources
AR
$11.6B
| $11.3M | 0.02% |
420,800
-6,100
| -1% | -$162K |
|
621
Reinsurance Group of America
RGA
$16B
| $11.2M | 0.02% |
104,000
-6,600
| -6% | -$674K |
|
622
Warner Bros
WBD
$68.1B
| $11.2M | 0.02% |
416,088
-4,600
| -1% | -$118K |
|
623
Align Technology
ALGN
$12.3B
| $10.9M | 0.02% |
116,764
-3,500
| -3% | -$317K |
|
624
Jack Henry & Associates
JKHY
$11B
| $10.9M | 0.02% |
127,900
-5,600
| -4% | -$491K |
|
625
Zillow
Z
$7.75B
| $10.9M | 0.02% |
313,534
-3,400
| -1% | -$122K |
|
Similar funds
Swiss National Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Swiss National Bank held 2,590 positions worth $62.4B, up 0.99% from $61.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2016: portfolio turnover was 2.4%. Swiss National Bank opened 9 new positions and exited 54, leaving the 2,590-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2016 buy was Fortive: 1,359,115 shares worth $43.6M.
- Swiss National Bank added most to Johnson Controls International in Q3 2016, an estimated $41.3M increase.
- Swiss National Bank's biggest Q3 2016 reduction was Danaher, cutting an estimated $45.6M.
- Swiss National Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $170M.
- Swiss National Bank's ten largest holdings make up 16% of its $62.4B portfolio in Q3 2016.
- Swiss National Bank opened 9 new positions and closed 54 in Q3 2016.
- Swiss National Bank's portfolio value rose 0.99% quarter-over-quarter to $62.4B.
Based on Swiss National Bank's 13F filing for Q3 2016, filed 7 Nov 2016.