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 | |
|---|---|---|---|---|---|---|
|
CPHD
1026
DELISTED
Cepheid Inc
CPHD
| $3.85M | 0.01% |
119,400
+24,200
| +25% | +$760K |
|
1027
Silgan Holdings
SLGN
$4.46B
| $3.84M | 0.01% |
149,800
+30,200
| +25% | +$784K |
|
1028
Ciena
CIEN
$62.7B
| $3.84M | 0.01% |
209,300
+48,700
| +30% | +$900K |
|
|
LNCE
1029
DELISTED
Snyders-Lance, Inc.
LNCE
| $3.83M | 0.01% |
126,212
+60,912
| +93% | +$1.95M |
|
1030
Timken Company
TKR
$9.1B
| $3.83M | 0.01% |
118,500
+21,400
| +22% | +$621K |
|
1031
Ryman Hospitality Properties
RHP
$7.87B
| $3.82M | 0.01% |
76,900
+15,100
| +24% | +$729K |
|
1032
Interactive Brokers
IBKR
$41.4B
| $3.8M | 0.01% |
400,800
+80,800
| +25% | +$713K |
|
1033
National Health Investors
NHI
$3.5B
| $3.8M | 0.01% |
59,220
+13,670
| +30% | +$844K |
|
1034
Monolithic Power Systems
MPWR
$67B
| $3.8M | 0.01% |
61,800
+12,200
| +25% | +$727K |
|
|
MBFI
1035
DELISTED
MB Financial Corp
MBFI
| $3.8M | 0.01% |
121,212
+22,900
| +23% | +$707K |
|
|
RAX
1036
DELISTED
Rackspace Hosting Inc
RAX
| $3.79M | 0.01% |
181,945
+33,700
| +23% | +$687K |
|
|
MDRX
1037
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.79M | 0.01% |
297,200
+58,300
| +24% | +$765K |
|
1038
Valley National Bancorp
VLY
$8.3B
| $3.78M | 0.01% |
410,100
+89,400
| +28% | +$812K |
|
1039
Blackstone Mortgage Trust
BXMT
$2.44B
| $3.77M | 0.01% |
145,500
+28,800
| +25% | +$726K |
|
1040
Arista Networks
ANET
$257B
| $3.77M | 0.01% |
990,400
+219,200
| +28% | +$858K |
|
|
USG
1041
DELISTED
Usg
USG
| $3.76M | 0.01% |
157,000
+30,900
| +25% | +$642K |
|
1042
LivaNova
LIVN
$4.53B
| $3.76M | 0.01% |
72,119
+14,500
| +25% | +$806K |
|
1043
Erie Indemnity
ERIE
$13.4B
| $3.75M | 0.01% |
41,809
+10,309
| +33% | +$970K |
|
|
NUVA
1044
DELISTED
NuVasive, Inc.
NUVA
| $3.74M | 0.01% |
79,600
+16,100
| +25% | +$731K |
|
|
STRZA
1045
DELISTED
Starz - Series A
STRZA
| $3.73M | 0.01% |
146,742
+28,200
| +24% | +$772K |
|
1046
Jack in the Box
JACK
$358M
| $3.73M | 0.01% |
60,400
+10,800
| +22% | +$759K |
|
|
WCC
1047
WESCO International
WCC
$17.5B
| $3.73M | 0.01% |
70,600
+12,800
| +22% | +$569K |
|
1048
Wendy's
WEN
$1.65B
| $3.72M | 0.01% |
353,200
+53,300
| +18% | +$528K |
|
|
BIG
1049
DELISTED
Big Lots, Inc.
BIG
| $3.7M | 0.01% |
84,600
+15,100
| +22% | +$605K |
|
|
INVX
1050
Innovex International
INVX
$2.15B
| $3.68M | 0.01% |
62,900
+11,600
| +23% | +$646K |
|
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.