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
|
+$506M |
| 2 |
Microsoft
MSFT
|
+$355M |
| 3 |
ExxonMobil
XOM
|
+$267M |
| 4 |
Amazon
AMZN
|
+$257M |
| 5 |
Meta Platforms (Facebook)
META
|
+$245M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$86.2M |
| 2 |
Suncor Energy
SU
|
+$80.1M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$79.6M |
| 4 |
STJ
St Jude Medical
STJ
|
+$63.5M |
| 5 |
TC Energy
TRP
|
+$59.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.61% |
| 2 | Healthcare | 15% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Compañía de Minas Buenaventura
BVN
$8.78B
| $6.65M | 0.01% |
552,193
+120,400
| +28% | +$1.55M |
|
|
IBKC
827
DELISTED
IBERIABANK Corp
IBKC
| $6.64M | 0.01% |
83,923
+12,000
| +17% | +$983K |
|
828
Maximus
MMS
$2.9B
| $6.64M | 0.01% |
106,707
| – | – |
|
829
Live Nation Entertainment
LYV
$43B
| $6.62M | 0.01% |
218,000
+2,500
| +1% | +$71.6K |
|
830
Fair Isaac
FICO
$22.7B
| $6.59M | 0.01% |
51,100
+300
| +0.6% | +$38.1K |
|
|
TCO
831
DELISTED
Taubman Centers Inc.
TCO
| $6.59M | 0.01% |
99,800
+600
| +0.6% | +$41.5K |
|
832
Patterson-UTI
PTEN
$4.19B
| $6.56M | 0.01% |
270,400
+30,000
| +12% | +$809K |
|
833
Alnylam Pharmaceuticals
ALNY
$29B
| $6.54M | 0.01% |
127,700
+800
| +0.6% | +$37K |
|
834
Portland General Electric
POR
$5.66B
| $6.53M | 0.01% |
147,100
+900
| +0.6% | +$39.6K |
|
835
Southwest Gas
SWX
$6.56B
| $6.47M | 0.01% |
78,100
| – | – |
|
836
SITE Centers
SITC
$158M
| $6.44M | 0.01% |
399,148
+2,406
| +0.6% | +$44.4K |
|
|
UMPQ
837
DELISTED
Umpqua Holdings Corp
UMPQ
| $6.44M | 0.01% |
362,925
+3,200
| +0.9% | +$58.8K |
|
838
Bankunited
BKU
$3.3B
| $6.39M | 0.01% |
171,300
| – | – |
|
839
Radian Group
RDN
$4.87B
| $6.37M | 0.01% |
354,650
+2,300
| +0.7% | +$42.6K |
|
840
Cirrus Logic
CRUS
$6.11B
| $6.37M | 0.01% |
104,900
+2,200
| +2% | +$125K |
|
841
Hain Celestial
HAIN
$53.4M
| $6.37M | 0.01% |
171,114
+1,000
| +0.6% | +$37.6K |
|
|
CONE
842
DELISTED
CyrusOne Inc Common Stock
CONE
| $6.36M | 0.01% |
123,599
| – | – |
|
843
Encompass Health
EHC
$12.4B
| $6.36M | 0.01% |
186,665
+1,132
| +0.6% | +$37.2K |
|
|
RICE
844
DELISTED
Rice Energy Inc.
RICE
| $6.33M | 0.01% |
267,088
+8,500
| +3% | +$176K |
|
845
Ziff Davis
ZD
$2B
| $6.33M | 0.01% |
86,746
+575
| +0.7% | +$42K |
|
846
Curtiss-Wright
CW
$25.6B
| $6.32M | 0.01% |
69,300
| – | – |
|
|
SLCA
847
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $6.32M | 0.01% |
131,750
+900
| +0.7% | +$48.2K |
|
848
Hanover Insurance
THG
$7.86B
| $6.32M | 0.01% |
70,200
| – | – |
|
|
UNIT
849
Uniti Group
UNIT
$2.28B
| $6.32M | 0.01% |
244,574
+4,200
| +2% | +$112K |
|
|
LSI
850
DELISTED
Life Storage, Inc.
LSI
| $6.3M | 0.01% |
115,133
+750
| +0.7% | +$42K |
|
Similar funds
Swiss National Bank's Q1 2017 Portfolio in Review
As of Q1 2017, Swiss National Bank held 2,570 positions worth $80.4B, up 27% from $63.4B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank deployed $13.1B of net new capital in Q1 2017, opening 6 new positions and adding to 1,330 existing holdings. Its largest new stake was Qiagen: 988,583 shares worth $30.5M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Canadian National Railway, an estimated $86.2M trimmed.
- Swiss National Bank's largest Q1 2017 buy was Qiagen: 988,583 shares worth $30.5M.
- Swiss National Bank added most to Apple in Q1 2017, an estimated $506M increase.
- Swiss National Bank's biggest Q1 2017 reduction was Canadian National Railway, cutting an estimated $86.2M.
- Swiss National Bank fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $79.6M.
- Swiss National Bank's ten largest holdings make up 17% of its $80.4B portfolio in Q1 2017.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2017.
- Swiss National Bank's portfolio value rose 27% quarter-over-quarter to $80.4B.
Based on Swiss National Bank's 13F filing for Q1 2017, filed 4 May 2017.