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 | |
|---|---|---|---|---|---|---|
701
Douglas Emmett
DEI
$1.93B
| $8.21M | 0.01% |
231,000
+1,200
| +0.5% | +$39.5K |
|
|
SIVB
702
DELISTED
SVB Financial Group
SIVB
| $8.16M | 0.01% |
85,800
+400
| +0.5% | +$40.9K |
|
|
N
703
DELISTED
Netsuite Inc
N
| $8.15M | 0.01% |
112,000
+8,800
| +9% | +$674K |
|
|
WRI
704
DELISTED
Weingarten Realty Investors
WRI
| $8.12M | 0.01% |
198,800
| – | – |
|
|
LSXMA
705
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $8.09M | 0.01% |
+356,902
| New | +$8.2M |
|
|
PNY
706
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $8.07M | 0.01% |
134,200
| – | – |
|
707
Old Republic International
ORI
$10.3B
| $8.03M | 0.01% |
416,000
+1,800
| +0.4% | +$33.6K |
|
708
Aecom
ACM
$9.42B
| $7.98M | 0.01% |
251,191
+12,600
| +5% | +$398K |
|
709
White Mountains Insurance
WTM
$5.04B
| $7.95M | 0.01% |
9,446
-200
| -2% | -$163K |
|
|
VISN
710
Vistance Networks Inc
VISN
$2.63B
| $7.95M | 0.01% |
256,043
+32,943
| +15% | +$978K |
|
711
Royal Gold
RGLD
$19.8B
| $7.94M | 0.01% |
110,300
| – | – |
|
|
WCG
712
DELISTED
Wellcare Health Plans, Inc.
WCG
| $7.9M | 0.01% |
73,600
+300
| +0.4% | +$29.3K |
|
|
LSI
713
DELISTED
Life Storage, Inc.
LSI
| $7.88M | 0.01% |
112,733
+15,456
| +16% | +$1.12M |
|
714
Ionis Pharmaceuticals
IONS
$9.46B
| $7.88M | 0.01% |
338,200
+26,100
| +8% | +$842K |
|
|
BERY
715
DELISTED
Berry Global Group, Inc.
BERY
| $7.84M | 0.01% |
219,760
+1,415
| +0.6% | +$48.4K |
|
|
EGN
716
DELISTED
Energen
EGN
| $7.84M | 0.01% |
162,600
+6,500
| +4% | +$283K |
|
717
Manhattan Associates
MANH
$11.4B
| $7.79M | 0.01% |
121,420
| – | – |
|
718
Mercado Libre
MELI
$92.5B
| $7.79M | 0.01% |
55,355
+1,155
| +2% | +$150K |
|
|
GXP
719
DELISTED
Great Plains Energy Incorporated
GXP
| $7.77M | 0.01% |
255,600
| – | – |
|
720
ICL Group
ICL
$6.89B
| $7.7M | 0.01% |
1,988,662
+117,649
| +6% | +$506K |
|
721
Sun Communities
SUI
$14.4B
| $7.64M | 0.01% |
99,631
| – | – |
|
722
Nordson
NDSN
$17.2B
| $7.63M | 0.01% |
91,300
-4,100
| -4% | -$330K |
|
|
TAHO
723
DELISTED
Tahoe Resources Inc
TAHO
| $7.6M | 0.01% |
510,201
+222,801
| +78% | +$2.84M |
|
724
Southern Copper
SCCO
$167B
| $7.54M | 0.01% |
305,147
-88,751
| -23% | -$2.22M |
|
|
TTM
725
DELISTED
Tata Motors Limited
TTM
| $7.54M | 0.01% |
217,390
| – | – |
|
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.