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
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
STR
726
DELISTED
QUESTAR CORP
STR
| $6.98M | 0.01% |
291,600
+56,800
| +24% | +$1.31M |
|
|
TCO
727
DELISTED
Taubman Centers Inc.
TCO
| $6.96M | 0.01% |
101,200
+19,200
| +23% | +$1.36M |
|
|
BRCD
728
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $6.96M | 0.01% |
681,100
+132,700
| +24% | +$1.21M |
|
729
U-Haul Holding Co
UHAL
$14.3B
| $6.95M | 0.01% |
203,000
+60,000
| +42% | +$2.09M |
|
|
DHC
730
Diversified Healthcare Trust
DHC
$2.02B
| $6.91M | 0.01% |
399,800
+89,100
| +29% | +$1.39M |
|
|
ALR
731
DELISTED
Alere Inc
ALR
| $6.89M | 0.01% |
141,049
+35,349
| +33% | +$1.69M |
|
732
Burlington
BURL
$22.2B
| $6.89M | 0.01% |
126,800
+25,700
| +25% | +$1.34M |
|
733
Sun Communities
SUI
$14.4B
| $6.89M | 0.01% |
99,631
+30,868
| +45% | +$2.08M |
|
|
S
734
DELISTED
Sprint Corporation
S
| $6.88M | 0.01% |
2,062,851
+630,700
| +44% | +$2.02M |
|
735
Sprouts Farmers Market
SFM
$7.87B
| $6.87M | 0.01% |
244,850
+48,500
| +25% | +$1.25M |
|
736
Post Holdings
POST
$3.59B
| $6.86M | 0.01% |
157,842
+36,213
| +30% | +$1.53M |
|
737
Brown & Brown
BRO
$23.6B
| $6.84M | 0.01% |
395,800
+79,400
| +25% | +$1.28M |
|
738
Herbalife
HLF
$1.23B
| $6.83M | 0.01% |
229,872
+45,600
| +25% | +$1.18M |
|
739
Pitney Bowes
PBI
$2.25B
| $6.82M | 0.01% |
328,100
+60,600
| +23% | +$1.15M |
|
|
MSCC
740
DELISTED
Microsemi Corp
MSCC
| $6.82M | 0.01% |
184,385
+57,871
| +46% | +$1.92M |
|
|
PACW
741
DELISTED
PacWest Bancorp
PACW
| $6.78M | 0.01% |
189,160
+37,800
| +25% | +$1.34M |
|
|
N
742
DELISTED
Netsuite Inc
N
| $6.77M | 0.01% |
103,200
+32,000
| +45% | +$2.1M |
|
|
ARRS
743
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $6.76M | 0.01% |
305,455
+269,055
| +739% | +$6.59M |
|
744
Allison Transmission
ALSN
$10.1B
| $6.76M | 0.01% |
259,300
+47,400
| +22% | +$1.15M |
|
745
Graphic Packaging
GPK
$3.5B
| $6.75M | 0.01% |
544,300
+106,900
| +24% | +$1.3M |
|
746
Hain Celestial
HAIN
$54M
| $6.71M | 0.01% |
169,814
+34,400
| +25% | +$1.29M |
|
747
First American
FAF
$7.38B
| $6.7M | 0.01% |
182,000
+36,400
| +25% | +$1.3M |
|
|
VVC
748
DELISTED
Vectren Corporation
VVC
| $6.7M | 0.01% |
137,200
+27,500
| +25% | +$1.24M |
|
749
Douglas Emmett
DEI
$1.93B
| $6.68M | 0.01% |
229,800
+47,100
| +26% | +$1.33M |
|
750
Manhattan Associates
MANH
$11.2B
| $6.67M | 0.01% |
121,420
+23,500
| +24% | +$1.31M |
|
Similar funds
Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.