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 | |
|---|---|---|---|---|---|---|
626
Omega Healthcare
OHI
$13.9B
| $10.8M | 0.02% |
304,558
-8,500
| -3% | -$302K |
|
|
ACC
627
DELISTED
American Campus Communities, Inc.
ACC
| $10.7M | 0.02% |
211,152
-5,100
| -2% | -$262K |
|
628
Factset
FDS
$10.1B
| $10.7M | 0.02% |
66,151
-2,200
| -3% | -$379K |
|
629
Allegion
ALLE
$14.3B
| $10.7M | 0.02% |
154,694
-6,400
| -4% | -$451K |
|
630
Carlisle Companies
CSL
$15.5B
| $10.6M | 0.02% |
103,200
-4,000
| -4% | -$418K |
|
|
HOUS
631
DELISTED
Anywhere Real Estate
HOUS
| $10.5M | 0.02% |
404,600
-6,800
| -2% | -$189K |
|
632
W.P. Carey
WPC
$16.1B
| $10.4M | 0.02% |
164,637
-3,982
| -2% | -$266K |
|
633
Gaming and Leisure Properties
GLPI
$12.5B
| $10.4M | 0.02% |
310,699
-7,100
| -2% | -$246K |
|
|
HDS
634
DELISTED
HD Supply Holdings, Inc.
HDS
| $10.4M | 0.02% |
324,615
-8,800
| -3% | -$305K |
|
635
Kilroy Realty
KRC
$4.32B
| $10.4M | 0.02% |
149,311
-3,100
| -2% | -$218K |
|
|
SRC
636
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $10.3M | 0.02% |
172,685
-4,639
| -3% | -$276K |
|
|
MIC
637
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $10.2M | 0.02% |
122,565
-4,300
| -3% | -$341K |
|
638
Zions Bancorporation
ZION
$10.4B
| $10.2M | 0.02% |
328,800
-12,200
| -4% | -$347K |
|
639
Steris
STE
$23.4B
| $10.1M | 0.02% |
138,355
-5,100
| -4% | -$360K |
|
640
MarketAxess Holdings
MKTX
$5.72B
| $10.1M | 0.02% |
60,706
-1,294
| -2% | -$210K |
|
641
Lennox International
LII
$14.9B
| $10M | 0.02% |
63,700
-3,400
| -5% | -$529K |
|
|
NUAN
642
DELISTED
Nuance Communications, Inc.
NUAN
| $10M | 0.02% |
796,824
+8,316
| +1% | +$109K |
|
643
Equity Lifestyle Properties
ELS
$12.5B
| $9.99M | 0.02% |
259,000
-9,800
| -4% | -$389K |
|
644
Owens Corning
OC
$12.5B
| $9.98M | 0.02% |
187,000
-4,900
| -3% | -$263K |
|
645
Revvity
RVTY
$12.9B
| $9.93M | 0.02% |
177,000
-12,500
| -7% | -$682K |
|
646
Mercado Libre
MELI
$97.3B
| $9.89M | 0.02% |
53,455
-1,900
| -3% | -$315K |
|
647
NVR
NVR
$17B
| $9.86M | 0.02% |
6,010
-290
| -5% | -$494K |
|
648
Steel Dynamics
STLD
$37.9B
| $9.85M | 0.02% |
394,100
-11,300
| -3% | -$289K |
|
649
AutoNation
AN
$6.94B
| $9.82M | 0.02% |
201,700
-8,600
| -4% | -$423K |
|
650
NRG Energy
NRG
$25.3B
| $9.77M | 0.02% |
871,294
-11,400
| -1% | -$149K |
|
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.