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 | |
|---|---|---|---|---|---|---|
|
INXN
851
DELISTED
Interxion Holding N.V.
INXN
| $7.05M | 0.01% |
119,715
+2,200
| +2% | +$122K |
|
852
Herbalife
HLF
$1.22B
| $7.04M | 0.01% |
208,072
-24,600
| -11% | -$862K |
|
|
TRCO
853
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $7.04M | 0.01% |
165,733
+15,000
| +10% | +$618K |
|
854
NCR Voyix
VYX
$1.13B
| $7.04M | 0.01% |
337,343
+6,846
| +2% | +$139K |
|
|
WFT
855
DELISTED
Weatherford International plc
WFT
| $7.03M | 0.01% |
1,684,600
-1,731,046
| -51% | -$6.38M |
|
856
Viasat
VSAT
$11.6B
| $7.02M | 0.01% |
93,824
+2,700
| +3% | +$187K |
|
|
VSM
857
DELISTED
Versum Materials, Inc.
VSM
| $7.01M | 0.01% |
185,300
+4,100
| +2% | +$160K |
|
858
Grand Canyon Education
LOPE
$3.9B
| $6.97M | 0.01% |
77,900
+2,300
| +3% | +$208K |
|
859
Rayonier
RYN
$6.49B
| $6.95M | 0.01% |
242,049
+4,519
| +2% | +$126K |
|
|
SF
860
Stifel
SF
$12.6B
| $6.93M | 0.01% |
261,995
+6,525
| +3% | +$160K |
|
861
TD Synnex
SNX
$20.5B
| $6.93M | 0.01% |
102,000
+2,200
| +2% | +$146K |
|
862
Portland General Electric
POR
$5.68B
| $6.91M | 0.01% |
151,700
+2,900
| +2% | +$137K |
|
863
Assured Guaranty
AGO
$3.38B
| $6.9M | 0.01% |
203,700
| – | – |
|
|
GPT
864
DELISTED
Gramercy Property Trust
GPT
| $6.9M | 0.01% |
258,784
+4,800
| +2% | +$139K |
|
865
Interactive Brokers
IBKR
$41B
| $6.85M | 0.01% |
462,800
+28,000
| +6% | +$382K |
|
866
Madison Square Garden
MSGS
$9.36B
| $6.84M | 0.01% |
45,471
+561
| +1% | +$86.6K |
|
|
WRI
867
DELISTED
Weingarten Realty Investors
WRI
| $6.83M | 0.01% |
207,800
+4,100
| +2% | +$133K |
|
868
Insulet
PODD
$9.93B
| $6.82M | 0.01% |
98,900
+2,800
| +3% | +$184K |
|
869
Hain Celestial
HAIN
$53.9M
| $6.8M | 0.01% |
160,514
-12,900
| -7% | -$511K |
|
|
HR
870
DELISTED
Healthcare Realty Trust Incorporated
HR
| $6.77M | 0.01% |
210,900
+4,600
| +2% | +$149K |
|
|
TCO
871
DELISTED
Taubman Centers Inc.
TCO
| $6.76M | 0.01% |
103,400
+2,300
| +2% | +$126K |
|
|
IDTI
872
DELISTED
Integrated Device Technology I
IDTI
| $6.76M | 0.01% |
227,300
+6,300
| +3% | +$189K |
|
|
PFPT
873
DELISTED
Proofpoint, Inc.
PFPT
| $6.72M | 0.01% |
75,652
+2,500
| +3% | +$227K |
|
874
Hawaiian Electric Industries
HE
$2.04B
| $6.7M | 0.01% |
185,300
+3,300
| +2% | +$119K |
|
|
SRC
875
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $6.7M | 0.01% |
174,112
-6,133
| -3% | -$233K |
|
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.