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 | |
|---|---|---|---|---|---|---|
701
PTC
PTC
$16.2B
| $8.23M | 0.01% |
185,700
-6,400
| -3% | -$265K |
|
702
Gentex
GNTX
$5.06B
| $8.21M | 0.01% |
467,400
-12,100
| -3% | -$209K |
|
|
ARRS
703
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $8.2M | 0.01% |
289,255
-19,400
| -6% | -$519K |
|
704
Highwoods Properties
HIW
$3.43B
| $8.16M | 0.01% |
156,602
-4,100
| -3% | -$218K |
|
|
PNY
705
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $8.09M | 0.01% |
134,653
+453
| +0.3% | +$27.2K |
|
706
Post Holdings
POST
$3.56B
| $8.03M | 0.01% |
159,065
-3,361
| -2% | -$184K |
|
707
EPR Properties
EPR
$4.59B
| $8.03M | 0.01% |
101,988
-3,500
| -3% | -$280K |
|
|
ATHN
708
DELISTED
Athenahealth, Inc.
ATHN
| $8.01M | 0.01% |
63,530
-1,000
| -2% | -$127K |
|
|
THS
709
DELISTED
Treehouse Foods
THS
| $7.96M | 0.01% |
91,251
-2,300
| -2% | -$221K |
|
|
PACW
710
DELISTED
PacWest Bancorp
PACW
| $7.93M | 0.01% |
184,860
-4,300
| -2% | -$179K |
|
711
AptarGroup
ATR
$8.58B
| $7.91M | 0.01% |
102,200
-3,500
| -3% | -$274K |
|
|
BMS
712
DELISTED
Bemis
BMS
| $7.88M | 0.01% |
154,400
-5,700
| -4% | -$294K |
|
713
Southern Copper
SCCO
$163B
| $7.86M | 0.01% |
325,561
+20,414
| +7% | +$487K |
|
|
SVC
714
Service Properties Trust
SVC
$1.05B
| $7.82M | 0.01% |
52,618
+2,400
| +5% | +$366K |
|
715
CubeSmart
CUBE
$9.22B
| $7.79M | 0.01% |
285,900
-8,400
| -3% | -$241K |
|
|
DNKN
716
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $7.74M | 0.01% |
148,700
-7,100
| -5% | -$337K |
|
|
UNIT
717
Uniti Group
UNIT
$2.28B
| $7.71M | 0.01% |
245,474
-4,700
| -2% | -$144K |
|
|
MSCC
718
DELISTED
Microsemi Corp
MSCC
| $7.69M | 0.01% |
183,085
-2,900
| -2% | -$111K |
|
719
Donaldson
DCI
$11.3B
| $7.65M | 0.01% |
205,000
-8,700
| -4% | -$317K |
|
|
PE
720
DELISTED
PARSLEY ENERGY INC
PE
| $7.62M | 0.01% |
227,303
-4,700
| -2% | -$147K |
|
721
Casey's General Stores
CASY
$30.9B
| $7.59M | 0.01% |
63,187
-1,500
| -2% | -$193K |
|
722
MDU Resources
MDU
$4.31B
| $7.57M | 0.01% |
782,102
-28,139
| -3% | -$257K |
|
|
WRI
723
DELISTED
Weingarten Realty Investors
WRI
| $7.56M | 0.01% |
194,000
-4,800
| -2% | -$198K |
|
724
ICL Group
ICL
$6.88B
| $7.54M | 0.01% |
1,941,594
-47,068
| -2% | -$191K |
|
725
American Homes 4 Rent
AMH
$12.3B
| $7.53M | 0.01% |
347,817
+58,800
| +20% | +$1.27M |
|
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.