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
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Avient
AVNT
$4.23B
| $4.21M | 0.01% |
144,100
+26,200
| +22% | +$720K |
|
977
MGIC Investment
MTG
$6.33B
| $4.19M | 0.01% |
565,900
+110,500
| +24% | +$792K |
|
|
MIK
978
DELISTED
Michaels Stores, Inc
MIK
| $4.19M | 0.01% |
155,164
+47,900
| +45% | +$1.11M |
|
979
The GEO Group
GEO
$4B
| $4.18M | 0.01% |
187,200
+36,300
| +24% | +$709K |
|
|
ACH
980
Accendra Health
ACH
$84.6M
| $4.17M | 0.01% |
106,900
+20,400
| +24% | +$760K |
|
|
EDR
981
DELISTED
Education Realty Trust Inc
EDR
| $4.17M | 0.01% |
103,896
+31,080
| +43% | +$1.22M |
|
|
ALE
982
DELISTED
Allete
ALE
| $4.17M | 0.01% |
77,000
+15,400
| +25% | +$821K |
|
|
EQY
983
DELISTED
Equity One
EQY
| $4.16M | 0.01% |
150,300
+44,400
| +42% | +$1.22M |
|
|
CXP
984
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $4.16M | 0.01% |
195,745
+37,800
| +24% | +$815K |
|
985
RLI Corp
RLI
$5.87B
| $4.15M | 0.01% |
128,600
+25,800
| +25% | +$811K |
|
|
MNDT
986
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.13M | 0.01% |
238,100
-22,600
| -9% | -$368K |
|
987
Cimpress
CMPR
$2.37B
| $4.11M | 0.01% |
47,000
+8,600
| +22% | +$706K |
|
988
Generac Holdings
GNRC
$12.8B
| $4.1M | 0.01% |
114,000
+20,400
| +22% | +$657K |
|
|
CIM
989
Chimera Investment
CIM
$993M
| $4.09M | 0.01% |
103,860
+13,967
| +16% | +$543K |
|
|
UFS
990
DELISTED
DOMTAR CORPORATION (New)
UFS
| $4.09M | 0.01% |
104,500
+19,000
| +22% | +$650K |
|
991
Energizer
ENR
$1.55B
| $4.08M | 0.01% |
104,425
+24,200
| +30% | +$886K |
|
992
Home BancShares
HOMB
$6.27B
| $4.08M | 0.01% |
206,480
+46,000
| +29% | +$904K |
|
|
MFA
993
MFA Financial
MFA
$931M
| $4.08M | 0.01% |
154,050
+30,150
| +24% | +$791K |
|
|
NE
994
DELISTED
Noble Corporation
NE
| $4.07M | 0.01% |
407,198
+90,200
| +28% | +$819K |
|
995
Belden
BDC
$5.36B
| $4.07M | 0.01% |
68,700
+12,700
| +23% | +$626K |
|
996
Radian Group
RDN
$4.92B
| $4.06M | 0.01% |
339,250
+65,300
| +24% | +$740K |
|
997
Avista
AVA
$3.24B
| $4.06M | 0.01% |
103,100
+20,400
| +25% | +$768K |
|
|
CMD
998
DELISTED
Cantel Medical Corporation
CMD
| $4.05M | 0.01% |
58,850
+11,700
| +25% | +$734K |
|
999
United Bankshares
UBSI
$6.68B
| $4.03M | 0.01% |
113,781
+22,800
| +25% | +$800K |
|
1000
Urban Edge Properties
UE
$2.78B
| $4.03M | 0.01% |
161,609
+32,400
| +25% | +$780K |
|
Similar funds
Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.