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 | |
|---|---|---|---|---|---|---|
751
Tyler Technologies
TYL
$13.5B
| $6.66M | 0.01% |
53,603
+11,403
| +27% | +$1.58M |
|
|
ENH
752
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $6.61M | 0.01% |
104,859
+21,700
| +26% | +$1.36M |
|
753
Hexcel
HXL
$7.73B
| $6.6M | 0.01% |
156,500
+29,100
| +23% | +$1.22M |
|
|
SIX
754
DELISTED
Six Flags Entertainment Corp.
SIX
| $6.59M | 0.01% |
123,100
+22,600
| +22% | +$1.16M |
|
755
Donaldson
DCI
$11.1B
| $6.59M | 0.01% |
213,700
+38,800
| +22% | +$1.14M |
|
|
WCG
756
DELISTED
Wellcare Health Plans, Inc.
WCG
| $6.56M | 0.01% |
73,300
+15,700
| +27% | +$1.3M |
|
757
NewMarket
NEU
$8.68B
| $6.54M | 0.01% |
17,100
+2,900
| +20% | +$1.06M |
|
758
Commerce Bancshares
CBSH
$8.6B
| $6.52M | 0.01% |
244,434
+40,071
| +20% | +$1.04M |
|
|
SVC
759
Service Properties Trust
SVC
$1.06B
| $6.44M | 0.01% |
50,218
+10,000
| +25% | +$1.21M |
|
|
ISBC
760
DELISTED
Investors Bancorp, Inc.
ISBC
| $6.44M | 0.01% |
572,576
+104,300
| +22% | +$1.2M |
|
|
AMSG
761
DELISTED
Amsurg Corp
AMSG
| $6.37M | 0.01% |
88,500
+19,300
| +28% | +$1.36M |
|
|
SKX
762
DELISTED
Skechers
SKX
| $6.35M | 0.01% |
215,900
+46,700
| +28% | +$1.41M |
|
763
ON Semiconductor
ON
$31.7B
| $6.33M | 0.01% |
683,900
+136,000
| +25% | +$1.16M |
|
764
EPR Properties
EPR
$4.73B
| $6.33M | 0.01% |
98,400
+23,700
| +32% | +$1.45M |
|
|
SGEN
765
DELISTED
Seagen Inc. Common Stock
SGEN
| $6.33M | 0.01% |
186,700
+42,400
| +29% | +$1.42M |
|
|
VR
766
DELISTED
Validus Hold Ltd
VR
| $6.32M | 0.01% |
138,600
+26,200
| +23% | +$1.18M |
|
767
NCR Voyix
VYX
$1.18B
| $6.32M | 0.01% |
355,686
+5,399
| +2% | +$77.4K |
|
|
TTM
768
DELISTED
Tata Motors Limited
TTM
| $6.32M | 0.01% |
217,390
| – | – |
|
769
AMC Global Media
AMCX
$500M
| $6.29M | 0.01% |
100,400
+20,200
| +25% | +$1.38M |
|
770
Hanover Insurance
THG
$7.78B
| $6.28M | 0.01% |
72,100
+13,100
| +22% | +$1.08M |
|
771
Lincoln Electric
LECO
$15.5B
| $6.28M | 0.01% |
110,900
+19,800
| +22% | +$1.08M |
|
772
Vipshop
VIPS
$6.8B
| $6.28M | 0.01% |
487,200
+130,628
| +37% | +$1.64M |
|
773
Guidewire Software
GWRE
$15.2B
| $6.23M | 0.01% |
118,418
+26,268
| +29% | +$1.37M |
|
774
Liberty Broadband Class C
LBRDK
$5.29B
| $6.17M | 0.01% |
110,324
+22,000
| +25% | +$1.11M |
|
775
CoreCivic
CXW
$3.14B
| $6.16M | 0.01% |
199,018
+39,100
| +24% | +$1.14M |
|
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.