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
|
+$106M |
| 2 |
NXP Semiconductors
NXPI
|
+$93.6M |
| 3 |
Alibaba
BABA
|
+$90M |
| 4 |
ExxonMobil
XOM
|
+$83.7M |
| 5 |
Charter Communications
CHTR
|
+$82.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$162M |
| 2 |
B
Barrick Mining
B
|
+$156M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$144M |
| 4 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$65.4M |
| 5 |
SNDK
SANDISK CORP
SNDK
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.13% |
| 2 | Technology | 14.52% |
| 3 | Consumer Staples | 10.68% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Industrials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Quanta Services
PWR
$99.4B
| $6.17M | 0.01% |
266,935
-148,174
| -36% | -$3.43M |
|
802
Southwest Gas
SWX
$6.56B
| $6.17M | 0.01% |
78,400
+500
| +0.6% | +$34.5K |
|
803
Hanover Insurance
THG
$7.86B
| $6.1M | 0.01% |
72,100
| – | – |
|
|
HR
804
DELISTED
Healthcare Realty Trust Incorporated
HR
| $6.09M | 0.01% |
174,200
+2,900
| +2% | +$92K |
|
|
ALR
805
DELISTED
Alere Inc
ALR
| $6.09M | 0.01% |
146,149
+5,100
| +4% | +$221K |
|
|
MSCC
806
DELISTED
Microsemi Corp
MSCC
| $6.08M | 0.01% |
185,985
+1,600
| +0.9% | +$54.8K |
|
|
CBI
807
DELISTED
Chicago Bridge & Iron Nv
CBI
| $6.08M | 0.01% |
175,419
-69,781
| -28% | -$2.58M |
|
808
AMC Global Media
AMCX
$489M
| $6.07M | 0.01% |
100,400
| – | – |
|
|
WGL
809
DELISTED
Wgl Holdings
WGL
| $6.04M | 0.01% |
85,400
+500
| +0.6% | +$33.9K |
|
810
Watsco Inc
WSO
$13.5B
| $6.04M | 0.01% |
42,944
| – | – |
|
811
ON Semiconductor
ON
$31.1B
| $6.03M | 0.01% |
683,900
| – | – |
|
812
Flowers Foods
FLO
$1.51B
| $6.02M | 0.01% |
321,063
+8,913
| +3% | +$166K |
|
813
Maximus
MMS
$2.9B
| $5.99M | 0.01% |
108,207
-500
| -0.5% | -$27K |
|
|
MPT
814
Medical Properties Trust
MPT
$2.48B
| $5.97M | 0.01% |
392,600
| – | – |
|
815
Hawaiian Electric Industries
HE
$2.02B
| $5.95M | 0.01% |
181,500
| – | – |
|
816
Curtiss-Wright
CW
$25.6B
| $5.94M | 0.01% |
70,500
-1,400
| -2% | -$113K |
|
|
EQC
817
DELISTED
Equity Commonwealth
EQC
| $5.93M | 0.01% |
203,700
| – | – |
|
818
Assured Guaranty
AGO
$3.34B
| $5.93M | 0.01% |
233,800
-9,000
| -4% | -$232K |
|
819
Fair Isaac
FICO
$22.7B
| $5.92M | 0.01% |
52,400
+500
| +1% | +$54.3K |
|
820
American Homes 4 Rent
AMH
$12.3B
| $5.92M | 0.01% |
289,017
-2,500
| -0.9% | -$43.3K |
|
821
Cullen/Frost Bankers
CFR
$10.3B
| $5.9M | 0.01% |
92,600
| – | – |
|
|
FNFG
822
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $5.89M | 0.01% |
605,200
-14,500
| -2% | -$149K |
|
|
DNY
823
DELISTED
DONNELLEY R R & SONS CO
DNY
| $5.86M | 0.01% |
346,436
| – | – |
|
824
Oshkosh
OSK
$9.59B
| $5.85M | 0.01% |
122,600
-2,200
| -2% | -$97.6K |
|
|
DFT
825
DELISTED
DuPont Fabros Technology Inc.
DFT
| $5.84M | 0.01% |
122,840
+3,240
| +3% | +$139K |
|
Similar funds
Swiss National Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Swiss National Bank held 2,670 positions worth $61.8B, up 13% from $54.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.47B of net new capital in Q2 2016, opening 59 new positions and adding to 1,417 existing holdings. Its largest new stake was Under Armour Class C: 522,612 shares worth $19M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 15% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was Kimberly-Clark, an estimated $19.6M trimmed.
- Swiss National Bank's largest Q2 2016 buy was Under Armour Class C: 522,612 shares worth $19M.
- Swiss National Bank added most to Apple in Q2 2016, an estimated $106M increase.
- Swiss National Bank's biggest Q2 2016 reduction was Kimberly-Clark, cutting an estimated $19.6M.
- Swiss National Bank fully exited Brookfield in Q2 2016, selling an estimated $162M.
- Swiss National Bank's ten largest holdings make up 15% of its $61.8B portfolio in Q2 2016.
- Swiss National Bank opened 59 new positions and closed 89 in Q2 2016.
- Swiss National Bank's portfolio value rose 13% quarter-over-quarter to $61.8B.
Based on Swiss National Bank's 13F filing for Q2 2016, filed 3 Aug 2016.