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 | |
|---|---|---|---|---|---|---|
|
IDTI
901
DELISTED
Integrated Device Technology I
IDTI
| $5.06M | 0.01% |
218,900
-10,500
| -5% | -$217K |
|
|
X
902
DELISTED
US Steel
X
| $5.06M | 0.01% |
268,100
+16,600
| +7% | +$343K |
|
903
Blackbaud
BLKB
$2.06B
| $5.05M | 0.01% |
76,153
-2,200
| -3% | -$149K |
|
904
Bank of Hawaii
BOH
$3.13B
| $5.05M | 0.01% |
69,537
-2,700
| -4% | -$189K |
|
905
Sarepta Therapeutics
SRPT
$1.92B
| $5.05M | 0.01% |
82,200
+5,100
| +7% | +$154K |
|
906
Bankunited
BKU
$3.35B
| $5.05M | 0.01% |
167,100
-6,400
| -4% | -$196K |
|
907
Black Hills Corp
BKH
$5.59B
| $5.04M | 0.01% |
82,379
-2,700
| -3% | -$164K |
|
908
EPAM Systems
EPAM
$5.15B
| $5.04M | 0.01% |
72,762
-2,300
| -3% | -$156K |
|
909
Energizer
ENR
$1.53B
| $5.01M | 0.01% |
100,325
-4,100
| -4% | -$201K |
|
|
TCF
910
DELISTED
TCF Financial Corporation Common Stock
TCF
| $5M | 0.01% |
122,403
+60,770
| +99% | +$2.59M |
|
911
Monolithic Power Systems
MPWR
$68.9B
| $4.99M | 0.01% |
62,000
-300
| -0.5% | -$22.2K |
|
|
ISIL
912
DELISTED
Intersil Corp
ISIL
| $4.99M | 0.01% |
227,500
+11,000
| +5% | +$191K |
|
913
American Eagle Outfitters
AEO
$2.91B
| $4.98M | 0.01% |
278,900
-32,400
| -10% | -$581K |
|
914
Valmont Industries
VMI
$9.52B
| $4.98M | 0.01% |
37,000
-2,300
| -6% | -$303K |
|
915
Apple Hospitality REIT
APLE
$3.68B
| $4.94M | 0.01% |
267,110
-9,500
| -3% | -$185K |
|
|
DFT
916
DELISTED
DuPont Fabros Technology Inc.
DFT
| $4.94M | 0.01% |
119,840
-3,000
| -2% | -$135K |
|
917
Bright Horizons
BFAM
$3.76B
| $4.94M | 0.01% |
73,879
| – | – |
|
918
Urban Outfitters
URBN
$6.8B
| $4.94M | 0.01% |
143,173
-5,600
| -4% | -$184K |
|
919
First Solar
FSLR
$25.9B
| $4.93M | 0.01% |
124,800
-4,200
| -3% | -$174K |
|
|
DATA
920
DELISTED
Tableau Software, Inc.
DATA
| $4.93M | 0.01% |
89,125
-1,300
| -1% | -$71.6K |
|
921
Ziff Davis
ZD
$1.83B
| $4.92M | 0.01% |
84,906
-3,220
| -4% | -$187K |
|
922
IPG Photonics
IPGP
$3.65B
| $4.89M | 0.01% |
59,399
-2,100
| -3% | -$175K |
|
923
National Health Investors
NHI
$3.44B
| $4.88M | 0.01% |
62,220
-1,100
| -2% | -$86.5K |
|
924
Acadia Pharmaceuticals
ACAD
$5.07B
| $4.88M | 0.01% |
153,404
+2,400
| +2% | +$81.4K |
|
|
SKX
925
DELISTED
Skechers
SKX
| $4.86M | 0.01% |
212,400
-5,000
| -2% | -$127K |
|
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.