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 |
Fortive
FTV
|
+$43.6M |
| 2 |
Johnson Controls International
JCI
|
+$41.3M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$35.6M |
| 4 |
Telus
TU
|
+$34.2M |
| 5 |
Dell
DELL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$170M |
| 2 |
Annaly Capital Management
NLY
|
+$81.7M |
| 3 |
Thomson Reuters
TRI
|
+$78.4M |
| 4 |
AGNC Investment
AGNC
|
+$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.52% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.15% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BIG
1076
DELISTED
Big Lots, Inc.
BIG
| $3.85M | 0.01% |
80,700
-2,900
| -3% | -$148K |
|
1077
EastGroup Properties
EGP
$10.9B
| $3.84M | 0.01% |
52,187
-1,700
| -3% | -$123K |
|
|
MENT
1078
DELISTED
Mentor Graphics Corp
MENT
| $3.84M | 0.01% |
145,200
-16,900
| -10% | -$384K |
|
|
ROIC
1079
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.83M | 0.01% |
174,600
+10,500
| +6% | +$233K |
|
1080
DigitalBridge
DBRG
$2.95B
| $3.83M | 0.01% |
74,013
-2,675
| -3% | -$127K |
|
1081
John Wiley & Sons Class A
WLY
$2.51B
| $3.81M | 0.01% |
73,800
-3,200
| -4% | -$175K |
|
1082
Pinnacle Financial Partners Inc
PNFP
$16.1B
| $3.81M | 0.01% |
70,400
-600
| -0.8% | -$32.4K |
|
1083
DNOW Inc
DNOW
$3.02B
| $3.79M | 0.01% |
177,000
-6,400
| -3% | -$128K |
|
|
VRNT
1084
DELISTED
Verint Systems
VRNT
| $3.79M | 0.01% |
197,674
-1,178
| -0.6% | -$21.2K |
|
1085
Insulet
PODD
$9.97B
| $3.79M | 0.01% |
92,500
-300
| -0.3% | -$11.9K |
|
1086
Universal Display
OLED
$4.22B
| $3.79M | 0.01% |
68,200
-800
| -1% | -$50.7K |
|
|
FLTX
1087
DELISTED
Fleetmatics Group PLC
FLTX
| $3.79M | 0.01% |
63,100
| – | – |
|
1088
Nektar Therapeutics
NKTR
$2.58B
| $3.78M | 0.01% |
14,660
-213
| -1% | -$54.8K |
|
1089
Silicon Laboratories
SLAB
$7.22B
| $3.77M | 0.01% |
64,100
-400
| -0.6% | -$21.6K |
|
1090
Molina Healthcare
MOH
$10.6B
| $3.77M | 0.01% |
64,600
-2,000
| -3% | -$110K |
|
|
ARIA
1091
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $3.77M | 0.01% |
275,000
-7,800
| -3% | -$78.3K |
|
|
UFS
1092
DELISTED
DOMTAR CORPORATION (New)
UFS
| $3.77M | 0.01% |
101,400
-3,900
| -4% | -$144K |
|
|
MDRX
1093
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.76M | 0.01% |
285,400
-13,800
| -5% | -$185K |
|
1094
Chemed
CHE
$7.03B
| $3.75M | 0.01% |
26,600
-1,500
| -5% | -$209K |
|
1095
Wolverine World Wide
WWW
$1.46B
| $3.75M | 0.01% |
162,800
-9,800
| -6% | -$228K |
|
1096
Cathay General Bancorp
CATY
$4.3B
| $3.75M | 0.01% |
121,700
-8,500
| -7% | -$258K |
|
1097
Wendy's
WEN
$1.65B
| $3.74M | 0.01% |
346,600
-25,600
| -7% | -$258K |
|
1098
Dana Inc
DAN
$3.21B
| $3.74M | 0.01% |
240,000
-11,100
| -4% | -$151K |
|
|
SJI
1099
DELISTED
South Jersey Industries, Inc.
SJI
| $3.74M | 0.01% |
126,609
-800
| -0.6% | -$24.5K |
|
1100
Kite Realty
KRG
$5.28B
| $3.74M | 0.01% |
134,900
-1,800
| -1% | -$51.7K |
|
Similar funds
Swiss National Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Swiss National Bank held 2,590 positions worth $62.4B, up 0.99% from $61.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2016: portfolio turnover was 2.4%. Swiss National Bank opened 9 new positions and exited 54, leaving the 2,590-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2016 buy was Fortive: 1,359,115 shares worth $43.6M.
- Swiss National Bank added most to Johnson Controls International in Q3 2016, an estimated $41.3M increase.
- Swiss National Bank's biggest Q3 2016 reduction was Danaher, cutting an estimated $45.6M.
- Swiss National Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $170M.
- Swiss National Bank's ten largest holdings make up 16% of its $62.4B portfolio in Q3 2016.
- Swiss National Bank opened 9 new positions and closed 54 in Q3 2016.
- Swiss National Bank's portfolio value rose 0.99% quarter-over-quarter to $62.4B.
Based on Swiss National Bank's 13F filing for Q3 2016, filed 7 Nov 2016.