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 | |
|---|---|---|---|---|---|---|
|
B
976
DELISTED
Barnes Group Inc.
B
| $5.51M | 0.01% |
87,100
+1,500
| +2% | +$99.5K |
|
977
CACI
CACI
$14.3B
| $5.51M | 0.01% |
41,600
+700
| +2% | +$94.5K |
|
|
BUFF
978
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $5.5M | 0.01% |
167,900
+4,300
| +3% | +$127K |
|
|
LGF.B
979
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $5.5M | 0.01% |
173,394
+3,900
| +2% | +$117K |
|
980
BGC Group
BGC
$4.86B
| $5.5M | 0.01% |
566,188
+13,529
| +2% | +$137K |
|
981
FirstCash
FCFS
$9.05B
| $5.49M | 0.01% |
81,412
+1,300
| +2% | +$84K |
|
|
TXNM
982
TXNM Energy Inc
TXNM
$5.91B
| $5.49M | 0.01% |
135,700
+2,600
| +2% | +$112K |
|
983
White Mountains Insurance
WTM
$5.04B
| $5.49M | 0.01% |
6,446
+100
| +2% | +$87.4K |
|
984
Black Hills Corp
BKH
$5.62B
| $5.48M | 0.01% |
91,179
+2,200
| +2% | +$136K |
|
|
PGRE
985
DELISTED
Paramount Group
PGRE
| $5.48M | 0.01% |
345,743
+19,100
| +6% | +$306K |
|
986
Outfront Media
OUT
$5.29B
| $5.48M | 0.01% |
239,927
+4,267
| +2% | +$99.9K |
|
987
Edgewell Personal Care
EPC
$1.29B
| $5.48M | 0.01% |
92,200
+1,400
| +2% | +$88.1K |
|
988
American Eagle Outfitters
AEO
$3.07B
| $5.47M | 0.01% |
291,000
| – | – |
|
989
Sensient Technologies
SXT
$5.51B
| $5.46M | 0.01% |
74,700
+1,100
| +1% | +$83.9K |
|
990
RB Global
RBA
$17.4B
| $5.46M | 0.01% |
182,300
+2,100
| +1% | +$58.8K |
|
991
Tower Semiconductor
TSEM
$28.5B
| $5.46M | 0.01% |
158,488
+4,871
| +3% | +$162K |
|
|
ILG
992
DELISTED
ILG, Inc Common Stock
ILG
| $5.45M | 0.01% |
191,487
+3,700
| +2% | +$107K |
|
|
DOC
993
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $5.45M | 0.01% |
302,706
+5,700
| +2% | +$102K |
|
|
EFOR
994
Everforth Inc
EFOR
$1.33B
| $5.44M | 0.01% |
84,600
+1,400
| +2% | +$84.7K |
|
|
TUP
995
DELISTED
Tupperware Brands Corporation
TUP
| $5.44M | 0.01% |
86,700
+1,900
| +2% | +$116K |
|
|
BDN
996
Brandywine Realty Trust
BDN
$530M
| $5.43M | 0.01% |
298,800
+6,200
| +2% | +$110K |
|
997
Trex
TREX
$4.91B
| $5.43M | 0.01% |
200,400
+3,600
| +2% | +$91.6K |
|
|
KYNB
998
Kyntra Bio
KYNB
$28.2M
| $5.42M | 0.01% |
4,576
+72
| +2% | +$90.3K |
|
999
Stantec
STN
$8.35B
| $5.42M | 0.01% |
193,670
| – | – |
|
1000
Ryman Hospitality Properties
RHP
$7.57B
| $5.42M | 0.01% |
78,500
+1,700
| +2% | +$114K |
|
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.