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 | |
|---|---|---|---|---|---|---|
|
ELLI
851
DELISTED
Ellie Mae Inc
ELLI
| $5.6M | 0.01% |
53,200
+2,500
| +5% | +$242K |
|
852
Rithm Capital
RITM
$5.72B
| $5.6M | 0.01% |
405,405
+25,100
| +7% | +$350K |
|
853
Western Alliance Bancorporation
WAL
$8.89B
| $5.6M | 0.01% |
149,100
-5,600
| -4% | -$199K |
|
|
SGI
854
Somnigroup International
SGI
$13.7B
| $5.58M | 0.01% |
393,600
-23,200
| -6% | -$414K |
|
855
Pitney Bowes
PBI
$2.27B
| $5.54M | 0.01% |
305,300
-15,600
| -5% | -$286K |
|
856
Nabors Industries
NBR
$1.3B
| $5.54M | 0.01% |
9,109
-334
| -4% | -$165K |
|
857
Woodward
WWD
$21.1B
| $5.52M | 0.01% |
88,300
-4,300
| -5% | -$259K |
|
858
Sensient Technologies
SXT
$5.61B
| $5.51M | 0.01% |
72,700
-3,500
| -5% | -$257K |
|
|
CONE
859
DELISTED
CyrusOne Inc Common Stock
CONE
| $5.47M | 0.01% |
114,899
-2,300
| -2% | -$119K |
|
860
Bio-Rad Laboratories Class A
BIO
$9.53B
| $5.46M | 0.01% |
33,307
-1,100
| -3% | -$167K |
|
861
TD Synnex
SNX
$20.3B
| $5.43M | 0.01% |
95,200
-3,400
| -3% | -$175K |
|
862
Olin
OLN
$2.17B
| $5.43M | 0.01% |
264,632
-10,100
| -4% | -$217K |
|
|
UMPQ
863
DELISTED
Umpqua Holdings Corp
UMPQ
| $5.41M | 0.01% |
359,725
-12,500
| -3% | -$195K |
|
864
Patterson-UTI
PTEN
$4.22B
| $5.38M | 0.01% |
240,400
-7,400
| -3% | -$149K |
|
865
Huntsman Corp
HUN
$1.83B
| $5.38M | 0.01% |
330,474
-10,800
| -3% | -$171K |
|
|
RAX
866
DELISTED
Rackspace Hosting Inc
RAX
| $5.38M | 0.01% |
169,645
-9,200
| -5% | -$254K |
|
867
Southwest Gas
SWX
$6.63B
| $5.37M | 0.01% |
76,800
-1,600
| -2% | -$118K |
|
|
NUVA
868
DELISTED
NuVasive, Inc.
NUVA
| $5.36M | 0.01% |
80,369
-531
| -0.7% | -$33.8K |
|
869
Cirrus Logic
CRUS
$6.11B
| $5.35M | 0.01% |
100,700
-3,700
| -4% | -$178K |
|
870
MSC Industrial Direct
MSM
$6.7B
| $5.35M | 0.01% |
72,900
-7,700
| -10% | -$560K |
|
871
First Industrial Realty Trust
FR
$8.35B
| $5.35M | 0.01% |
189,600
-8,800
| -4% | -$251K |
|
872
Rayonier
RYN
$6.45B
| $5.34M | 0.01% |
221,768
-11,684
| -5% | -$285K |
|
|
TUP
873
DELISTED
Tupperware Brands Corporation
TUP
| $5.33M | 0.01% |
81,600
-2,500
| -3% | -$157K |
|
|
TEN
874
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $5.33M | 0.01% |
91,500
-4,000
| -4% | -$218K |
|
875
World Kinect Corp
WKC
$1.88B
| $5.32M | 0.01% |
115,000
-5,700
| -5% | -$263K |
|
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.