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 | |
|---|---|---|---|---|---|---|
776
Cinemark Holdings
CNK
$4.25B
| $6.5M | 0.01% |
169,900
-5,800
| -3% | -$220K |
|
777
NCR Voyix
VYX
$1.11B
| $6.49M | 0.01% |
328,378
-38,957
| -11% | -$766K |
|
778
Teradata
TDC
$2.5B
| $6.47M | 0.01% |
208,859
-6,400
| -3% | -$191K |
|
779
XPO
XPO
$23.8B
| $6.46M | 0.01% |
509,215
-17,348
| -3% | -$196K |
|
780
Popular Inc
BPOP
$11.1B
| $6.44M | 0.01% |
168,600
-6,300
| -4% | -$224K |
|
781
Pool Corp
POOL
$7.32B
| $6.43M | 0.01% |
67,983
-2,600
| -4% | -$255K |
|
782
Cullen/Frost Bankers
CFR
$10.3B
| $6.42M | 0.01% |
89,300
-3,300
| -4% | -$228K |
|
|
RPAI
783
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $6.41M | 0.01% |
381,574
-13,600
| -3% | -$231K |
|
|
SIX
784
DELISTED
Six Flags Entertainment Corp.
SIX
| $6.41M | 0.01% |
119,500
-4,400
| -4% | -$237K |
|
785
Bank OZK
OZK
$5.66B
| $6.39M | 0.01% |
166,433
+23,983
| +17% | +$909K |
|
|
GWR
786
DELISTED
Genesee & Wyoming Inc.
GWR
| $6.37M | 0.01% |
92,450
-1,800
| -2% | -$118K |
|
787
Idacorp
IDA
$8.1B
| $6.34M | 0.01% |
81,000
-2,600
| -3% | -$205K |
|
788
Charles River Laboratories
CRL
$13.5B
| $6.33M | 0.01% |
75,900
-2,200
| -3% | -$184K |
|
789
National Fuel Gas
NFG
$7.82B
| $6.32M | 0.01% |
116,800
-3,800
| -3% | -$215K |
|
790
Lincoln Electric
LECO
$15.5B
| $6.3M | 0.01% |
100,600
-7,900
| -7% | -$492K |
|
|
HR
791
DELISTED
Healthcare Realty Trust Incorporated
HR
| $6.28M | 0.01% |
184,500
+10,300
| +6% | +$362K |
|
792
Take-Two Interactive
TTWO
$46.9B
| $6.26M | 0.01% |
138,800
-4,800
| -3% | -$202K |
|
793
Fair Isaac
FICO
$22.4B
| $6.25M | 0.01% |
50,200
-2,200
| -4% | -$275K |
|
|
TAHO
794
DELISTED
Tahoe Resources Inc
TAHO
| $6.25M | 0.01% |
487,701
-22,500
| -4% | -$333K |
|
|
ISBC
795
DELISTED
Investors Bancorp, Inc.
ISBC
| $6.22M | 0.01% |
517,976
-47,700
| -8% | -$554K |
|
|
CHK
796
DELISTED
Chesapeake Energy Corporation
CHK
| $6.21M | 0.01% |
4,950
-61
| -1% | -$70.3K |
|
|
CAVM
797
DELISTED
Cavium, Inc.
CAVM
| $6.2M | 0.01% |
106,602
+12,241
| +13% | +$613K |
|
798
Curtiss-Wright
CW
$26.1B
| $6.18M | 0.01% |
67,800
-2,700
| -4% | -$238K |
|
|
AZPN
799
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $6.18M | 0.01% |
132,000
-6,800
| -5% | -$318K |
|
|
CY
800
DELISTED
Cypress Semiconductor
CY
| $6.15M | 0.01% |
505,445
-46,600
| -8% | -$532K |
|
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.