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
|
+$506M |
| 2 |
Microsoft
MSFT
|
+$355M |
| 3 |
ExxonMobil
XOM
|
+$267M |
| 4 |
Amazon
AMZN
|
+$257M |
| 5 |
Meta Platforms (Facebook)
META
|
+$245M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$86.2M |
| 2 |
Suncor Energy
SU
|
+$80.1M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$79.6M |
| 4 |
STJ
St Jude Medical
STJ
|
+$63.5M |
| 5 |
TC Energy
TRP
|
+$59.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.61% |
| 2 | Healthcare | 15% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAA
1026
DELISTED
CalAtlantic Group, Inc.
CAA
| $4.66M | 0.01% |
124,286
-2,300
| -2% | -$81.3K |
|
1027
Cathay General Bancorp
CATY
$4.23B
| $4.65M | 0.01% |
123,300
+1,600
| +1% | +$60.8K |
|
1028
Dana Inc
DAN
$3.21B
| $4.63M | 0.01% |
240,000
| – | – |
|
|
MIK
1029
DELISTED
Michaels Stores, Inc
MIK
| $4.63M | 0.01% |
206,843
+23,500
| +13% | +$494K |
|
1030
Empire State Realty Trust
ESRT
$803M
| $4.62M | 0.01% |
224,000
+21,500
| +11% | +$444K |
|
1031
Wendy's
WEN
$1.39B
| $4.61M | 0.01% |
338,900
-7,700
| -2% | -$105K |
|
|
INXN
1032
DELISTED
Interxion Holding N.V.
INXN
| $4.58M | 0.01% |
115,815
| – | – |
|
1033
US Foods
USFD
$23.9B
| $4.58M | 0.01% |
163,655
+73,000
| +81% | +$1.98M |
|
|
BWLD
1034
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $4.57M | 0.01% |
29,900
-600
| -2% | -$91.6K |
|
|
TRCO
1035
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $4.57M | 0.01% |
122,533
-5,000
| -4% | -$169K |
|
|
TCF
1036
DELISTED
TCF Financial Corporation
TCF
| $4.55M | 0.01% |
267,500
| – | – |
|
1037
B2Gold
BTG
$6.68B
| $4.53M | 0.01% |
1,588,229
+44,000
| +3% | +$132K |
|
|
JBTM
1038
JBT Marel
JBTM
$6.35B
| $4.52M | 0.01% |
51,400
+3,300
| +7% | +$286K |
|
|
VRNT
1039
DELISTED
Verint Systems
VRNT
| $4.51M | 0.01% |
204,348
+6,674
| +3% | +$130K |
|
|
XYZ
1040
Block Inc
XYZ
$47.5B
| $4.5M | 0.01% |
260,300
+77,200
| +42% | +$1.21M |
|
1041
Selective Insurance
SIGI
$5.66B
| $4.48M | 0.01% |
95,100
| – | – |
|
1042
Advanced Energy
AEIS
$12.6B
| $4.48M | 0.01% |
65,300
| – | – |
|
|
ESV
1043
DELISTED
Ensco Rowan plc
ESV
| $4.47M | 0.01% |
124,860
+1,025
| +0.8% | +$41.6K |
|
|
SGI
1044
Somnigroup International
SGI
$13.6B
| $4.46M | 0.01% |
384,400
| – | – |
|
1045
Pan American Silver
PAAS
$21.8B
| $4.46M | 0.01% |
254,600
+2,600
| +1% | +$47.3K |
|
1046
Graham Holdings Company
GHC
$4.99B
| $4.44M | 0.01% |
7,400
+200
| +3% | +$109K |
|
1047
Wolfspeed
WOLF
$1.52B
| $4.43M | 0.01% |
165,841
| – | – |
|
|
WLL
1048
DELISTED
Whiting Petroleum Corporation
WLL
| $4.43M | 0.01% |
1,562
+53
| +4% | +$172K |
|
|
GPOR
1049
DELISTED
Gulfport Energy Corp.
GPOR
| $4.4M | 0.01% |
256,058
| – | – |
|
1050
Minerals Technologies
MTX
$2.32B
| $4.4M | 0.01% |
57,400
+800
| +1% | +$62K |
|
Similar funds
Swiss National Bank's Q1 2017 Portfolio in Review
As of Q1 2017, Swiss National Bank held 2,570 positions worth $80.4B, up 27% from $63.4B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank deployed $13.1B of net new capital in Q1 2017, opening 6 new positions and adding to 1,330 existing holdings. Its largest new stake was Qiagen: 988,583 shares worth $30.5M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Canadian National Railway, an estimated $86.2M trimmed.
- Swiss National Bank's largest Q1 2017 buy was Qiagen: 988,583 shares worth $30.5M.
- Swiss National Bank added most to Apple in Q1 2017, an estimated $506M increase.
- Swiss National Bank's biggest Q1 2017 reduction was Canadian National Railway, cutting an estimated $86.2M.
- Swiss National Bank fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $79.6M.
- Swiss National Bank's ten largest holdings make up 17% of its $80.4B portfolio in Q1 2017.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2017.
- Swiss National Bank's portfolio value rose 27% quarter-over-quarter to $80.4B.
Based on Swiss National Bank's 13F filing for Q1 2017, filed 4 May 2017.