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 |
Alphabet (Google) Class A
GOOGL
|
+$406M |
| 2 |
NXP Semiconductors
NXPI
|
+$76.1M |
| 3 |
Alibaba
BABA
|
+$71.1M |
| 4 |
Hewlett Packard
HPE
|
+$47.6M |
| 5 |
Baidu
BIDU
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$392M |
| 2 |
Lockheed Martin
LMT
|
+$114M |
| 3 |
HP
HPQ
|
+$51.3M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$50M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$40.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.85% |
| 2 | Technology | 14.56% |
| 3 | Consumer Discretionary | 10.65% |
| 4 | Consumer Staples | 10.14% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MSCC
876
DELISTED
Microsemi Corp
MSCC
| $4.12M | 0.01% |
126,514
+3,814
| +3% | +$135K |
|
877
Blackbaud
BLKB
$2.06B
| $4.12M | 0.01% |
62,553
+2,253
| +4% | +$141K |
|
|
GPT
878
DELISTED
Gramercy Property Trust
GPT
| $4.08M | 0.01% |
176,341
+151,008
| +596% | +$9.41M |
|
879
Myriad Genetics
MYGN
$308M
| $4.08M | 0.01% |
94,500
| – | – |
|
|
DNY
880
DELISTED
DONNELLEY R R & SONS CO
DNY
| $4.08M | 0.01% |
277,136
+8,304
| +3% | +$122K |
|
|
NRF
881
DELISTED
NorthStar Realty Finance Corp.
NRF
| $4.07M | 0.01% |
239,075
+9,700
| +4% | +$195K |
|
882
Take-Two Interactive
TTWO
$46.8B
| $4.05M | 0.01% |
116,400
+1,000
| +0.9% | +$33.7K |
|
883
Oshkosh
OSK
$9.62B
| $4.04M | 0.01% |
103,600
| – | – |
|
|
CLGX
884
DELISTED
Corelogic, Inc.
CLGX
| $4.04M | 0.01% |
119,200
-1,100
| -0.9% | -$41.1K |
|
|
SCTY
885
DELISTED
SolarCity Corporation
SCTY
| $4.03M | 0.01% |
79,000
+500
| +0.6% | +$19.4K |
|
|
AHL
886
DELISTED
ASPEN Insurance Holding Limited
AHL
| $4.03M | 0.01% |
83,400
-800
| -1% | -$39.3K |
|
|
HMHC
887
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $4.03M | 0.01% |
184,800
-19,000
| -9% | -$382K |
|
888
Curtiss-Wright
CW
$26.1B
| $4.02M | 0.01% |
58,700
-600
| -1% | -$40.9K |
|
889
MGIC Investment
MTG
$6.23B
| $4.02M | 0.01% |
455,400
| – | – |
|
890
Eagle Materials
EXP
$6.57B
| $4.02M | 0.01% |
66,500
| – | – |
|
891
Madison Square Garden
MSGS
$9.47B
| $4.02M | 0.01% |
34,816
-69,633
| -67% | -$8.38M |
|
892
Ryder
R
$9.92B
| $4.01M | 0.01% |
70,638
| – | – |
|
893
Tenet Healthcare
THC
$20.9B
| $4M | 0.01% |
131,900
| – | – |
|
894
Outfront Media
OUT
$5.27B
| $3.99M | 0.01% |
185,572
+5,948
| +3% | +$134K |
|
895
Bright Horizons
BFAM
$3.76B
| $3.97M | 0.01% |
59,479
+10,611
| +22% | +$686K |
|
896
Emcor
EME
$36B
| $3.97M | 0.01% |
82,700
| – | – |
|
|
STRZA
897
DELISTED
Starz - Series A
STRZA
| $3.97M | 0.01% |
118,542
| – | – |
|
898
Popular Inc
BPOP
$11.2B
| $3.97M | 0.01% |
140,100
| – | – |
|
899
Ultragenyx Pharmaceutical
RARE
$2.66B
| $3.97M | 0.01% |
35,367
+500
| +1% | +$50K |
|
900
RH
RH
$3.46B
| $3.97M | 0.01% |
49,930
| – | – |
|
Similar funds
Swiss National Bank's Q4 2015 Portfolio in Review
As of Q4 2015, Swiss National Bank held 2,738 positions worth $41.3B, up 6.1% from $39B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2015 filing shows 170 new, 721 increased, 248 reduced and 95 closed positions. Its largest new stake was Alphabet (Google) Class A: 10,961,780 shares worth $426M. The largest sale was Alphabet (Google) Class C, an estimated $392M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
- Swiss National Bank's largest Q4 2015 buy was Alphabet (Google) Class A: 10,961,780 shares worth $426M.
- Swiss National Bank added most to Comcast in Q4 2015, an estimated $43.3M increase.
- Swiss National Bank's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $392M.
- Swiss National Bank fully exited Lockheed Martin in Q4 2015, selling an estimated $114M.
- Swiss National Bank's ten largest holdings make up 14% of its $41.3B portfolio in Q4 2015.
- Swiss National Bank opened 170 new positions and closed 95 in Q4 2015.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $41.3B.
Based on Swiss National Bank's 13F filing for Q4 2015, filed 3 Feb 2016.