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 |
Amphenol
APH
|
+$42.3M |
| 2 |
United Parcel Service
UPS
|
+$34.7M |
| 3 |
Lumen
LUMN
|
+$28.1M |
| 4 |
Invitation Homes
INVH
|
+$26.7M |
| 5 |
Progressive
PGR
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$90.4M |
| 2 |
Dell
DELL
|
+$67.6M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
+$64.9M |
| 4 |
AT&T
T
|
+$36.5M |
| 5 |
Automatic Data Processing
ADP
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.06% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Industrials | 10.59% |
| 5 | Communication Services | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SVC
776
Service Properties Trust
SVC
$1.04B
| $8.35M | 0.01% |
55,958
+1,220
| +2% | +$179K |
|
777
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $8.33M | 0.01% |
125,661
+2,600
| +2% | +$173K |
|
|
CSRA
778
DELISTED
CSRA Inc.
CSRA
| $8.33M | 0.01% |
278,423
+6,400
| +2% | +$193K |
|
|
NATI
779
DELISTED
National Instruments Corp
NATI
| $8.33M | 0.01% |
200,000
+5,900
| +3% | +$258K |
|
780
Encompass Health
EHC
$12.4B
| $8.31M | 0.01% |
211,427
+24,762
| +13% | +$942K |
|
781
SLM Corp
SLM
$5.16B
| $8.3M | 0.01% |
734,992
+20,200
| +3% | +$221K |
|
782
Emcor
EME
$36.3B
| $8.3M | 0.01% |
101,500
+1,600
| +2% | +$124K |
|
|
GWR
783
DELISTED
Genesee & Wyoming Inc.
GWR
| $8.26M | 0.01% |
104,950
+2,500
| +2% | +$187K |
|
784
Teradata
TDC
$2.53B
| $8.26M | 0.01% |
214,659
-3,400
| -2% | -$122K |
|
|
SIX
785
DELISTED
Six Flags Entertainment Corp.
SIX
| $8.25M | 0.01% |
123,900
+1,700
| +1% | +$109K |
|
|
AZPN
786
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $8.24M | 0.01% |
124,500
-1,400
| -1% | -$92.7K |
|
787
Bio-Techne
TECH
$11.3B
| $8.24M | 0.01% |
254,444
+4,800
| +2% | +$153K |
|
|
RSPP
788
DELISTED
RSP Permian, Inc.
RSPP
| $8.24M | 0.01% |
202,591
+4,100
| +2% | +$147K |
|
789
Core Laboratories
CLB
$530M
| $8.24M | 0.01% |
75,200
-86,100
| -53% | -$8.59M |
|
790
Howard Hughes
HHH
$3.97B
| $8.22M | 0.01% |
65,667
-1,574
| -2% | -$188K |
|
791
EPR Properties
EPR
$4.69B
| $8.21M | 0.01% |
125,488
+2,300
| +2% | +$157K |
|
792
Graphic Packaging
GPK
$3.54B
| $8.11M | 0.01% |
524,600
| – | – |
|
|
DLPH
793
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $8.08M | 0.01% |
+154,000
| New | +$8M |
|
|
NUAN
794
DELISTED
Nuance Communications, Inc.
NUAN
| $8.04M | 0.01% |
567,683
-663,421
| -54% | -$8.93M |
|
|
AL
795
DELISTED
Air Lease Corp
AL
| $8.03M | 0.01% |
167,000
+4,000
| +2% | +$176K |
|
796
Algonquin Power & Utilities
AQN
$4.39B
| $8.03M | 0.01% |
717,200
+73,900
| +11% | +$805K |
|
797
ITT
ITT
$19B
| $8M | 0.01% |
149,900
+2,500
| +2% | +$125K |
|
798
Fair Isaac
FICO
$22.4B
| $8M | 0.01% |
52,200
+500
| +1% | +$75.7K |
|
799
ICL Group
ICL
$6.94B
| $7.99M | 0.01% |
1,966,371
+13,758
| +0.7% | +$57.1K |
|
800
ScottsMiracle-Gro
SMG
$3.6B
| $7.99M | 0.01% |
74,700
| – | – |
|
Similar funds
Swiss National Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Swiss National Bank held 2,605 positions worth $92.6B, up 5.4% from $87.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q4 2017 filing shows 77 new, 1,182 increased, 249 reduced and 91 closed positions. Its largest new stake was Invitation Homes: 1,152,016 shares worth $27.2M. The largest sale was CR Bard Inc., an estimated $90.4M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2017 buy was Invitation Homes: 1,152,016 shares worth $27.2M.
- Swiss National Bank added most to Amphenol in Q4 2017, an estimated $42.3M increase.
- Swiss National Bank's biggest Q4 2017 reduction was Dell, cutting an estimated $67.6M.
- Swiss National Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $90.4M.
- Swiss National Bank's ten largest holdings make up 17% of its $92.6B portfolio in Q4 2017.
- Swiss National Bank opened 77 new positions and closed 91 in Q4 2017.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $92.6B.
Based on Swiss National Bank's 13F filing for Q4 2017, filed 7 Feb 2018.