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 |
Teva Pharmaceuticals
TEVA
|
+$145M |
| 2 |
Fortis
FTS
|
+$68.9M |
| 3 |
Intuitive Surgical
ISRG
|
+$47.9M |
| 4 |
Keurig Dr Pepper
KDP
|
+$39.6M |
| 5 |
Medtronic
MDT
|
+$34.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$63.4M |
| 2 |
Hershey
HSY
|
+$51.3M |
| 3 |
American Tower
AMT
|
+$50.3M |
| 4 |
Alcoa
AA
|
+$34.6M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$32.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.54% |
| 2 | Healthcare | 14.34% |
| 3 | Industrials | 10.58% |
| 4 | Consumer Discretionary | 10.4% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Acadia Realty Trust
AKR
$2.84B
| $4.34M | 0.01% |
132,800
+3,100
| +2% | +$104K |
|
1052
NETSCOUT
NTCT
$2.87B
| $4.33M | 0.01% |
137,528
| – | – |
|
1053
Ultragenyx Pharmaceutical
RARE
$2.62B
| $4.33M | 0.01% |
61,552
+1,500
| +2% | +$106K |
|
1054
GameStop
GME
$8.31B
| $4.32M | 0.01% |
683,528
+10,800
| +2% | +$66.7K |
|
1055
Yelp
YELP
$1.23B
| $4.32M | 0.01% |
113,164
+3,000
| +3% | +$111K |
|
1056
American Eagle Outfitters
AEO
$2.77B
| $4.31M | 0.01% |
283,900
+5,000
| +2% | +$85.5K |
|
|
CAA
1057
DELISTED
CalAtlantic Group, Inc.
CAA
| $4.3M | 0.01% |
126,586
+2,200
| +2% | +$72.7K |
|
1058
Grand Canyon Education
LOPE
$3.68B
| $4.3M | 0.01% |
73,600
+1,500
| +2% | +$76.7K |
|
1059
Federated Hermes
FHI
$4.66B
| $4.29M | 0.01% |
151,517
| – | – |
|
1060
HEICO Corp Class A
HEI.A
$37.3B
| $4.27M | 0.01% |
153,606
+5,859
| +4% | +$152K |
|
1061
Chemed
CHE
$6.99B
| $4.27M | 0.01% |
26,600
| – | – |
|
1062
Columbia Banking Systems
COLB
$9.01B
| $4.26M | 0.01% |
95,424
+2,600
| +3% | +$98.1K |
|
|
GRUB
1063
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $4.22M | 0.01% |
56,050
+1,200
| +2% | +$92.5K |
|
1064
Integra LifeSciences
IART
$1.33B
| $4.22M | 0.01% |
98,294
+2,000
| +2% | +$81.3K |
|
|
JCP
1065
DELISTED
J.C. Penney Company, Inc.
JCP
| $4.2M | 0.01% |
505,800
+8,300
| +2% | +$75K |
|
|
DOC
1066
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $4.19M | 0.01% |
221,206
+6,100
| +3% | +$116K |
|
1067
Avista
AVA
$3.23B
| $4.19M | 0.01% |
104,700
+3,800
| +4% | +$154K |
|
1068
Shopify
SHOP
$193B
| $4.17M | 0.01% |
972,000
+21,000
| +2% | +$88.2K |
|
|
TIVO
1069
DELISTED
Tivo Inc
TIVO
| $4.17M | 0.01% |
199,613
| – | – |
|
1070
Silicon Laboratories
SLAB
$7.22B
| $4.17M | 0.01% |
64,100
| – | – |
|
|
CXP
1071
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $4.17M | 0.01% |
192,845
+4,400
| +2% | +$93.8K |
|
|
SPN
1072
DELISTED
Superior Energy Services, Inc.
SPN
| $4.16M | 0.01% |
24,638
| – | – |
|
1073
First Citizens BancShares
FCNCA
$25.5B
| $4.15M | 0.01% |
11,700
+300
| +3% | +$98K |
|
1074
MasTec
MTZ
$22.7B
| $4.14M | 0.01% |
108,300
+1,800
| +2% | +$61.1K |
|
|
WBT
1075
DELISTED
Welbilt, Inc.
WBT
| $4.14M | 0.01% |
214,300
+8,200
| +4% | +$140K |
|
Similar funds
Swiss National Bank's Q4 2016 Portfolio in Review
As of Q4 2016, Swiss National Bank held 2,615 positions worth $63.4B, up 1.6% from $62.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q4 2016: portfolio turnover was 5%. Swiss National Bank opened 79 new positions and exited 51, leaving the 2,615-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Healthcare and Industrials.
- Swiss National Bank's largest Q4 2016 buy was Teva Pharmaceuticals: 3,630,251 shares worth $132M.
- Swiss National Bank added most to Intuitive Surgical in Q4 2016, an estimated $47.9M increase.
- Swiss National Bank's biggest Q4 2016 reduction was Hershey, cutting an estimated $51.3M.
- Swiss National Bank fully exited LinkedIn Corporation in Q4 2016, selling an estimated $63.4M.
- Swiss National Bank's ten largest holdings make up 15% of its $63.4B portfolio in Q4 2016.
- Swiss National Bank opened 79 new positions and closed 51 in Q4 2016.
- Swiss National Bank's portfolio value rose 1.6% quarter-over-quarter to $63.4B.
Based on Swiss National Bank's 13F filing for Q4 2016, filed 8 Feb 2017.