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 | |
|---|---|---|---|---|---|---|
1101
Selective Insurance
SIGI
$5.59B
| $3.73M | 0.01% |
93,500
-3,300
| -3% | -$130K |
|
|
VRE
1102
DELISTED
Veris Residential
VRE
| $3.72M | 0.01% |
136,600
-5,000
| -4% | -$138K |
|
|
PSB
1103
DELISTED
PS Business Parks, Inc.
PSB
| $3.71M | 0.01% |
32,708
-1,100
| -3% | -$121K |
|
|
WNR
1104
DELISTED
Western Refining Inc
WNR
| $3.71M | 0.01% |
140,250
-1,500
| -1% | -$35.5K |
|
|
AFSI
1105
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $3.71M | 0.01% |
138,280
-6,900
| -5% | -$177K |
|
|
EFII
1106
DELISTED
Electronics for Imaging
EFII
| $3.7M | 0.01% |
75,700
-3,300
| -4% | -$151K |
|
|
LOGM
1107
DELISTED
LogMein, Inc.
LOGM
| $3.7M | 0.01% |
40,900
-3,500
| -8% | -$280K |
|
1108
Elbit Systems
ESLT
$36.5B
| $3.69M | 0.01% |
38,789
-1,038
| -3% | -$101K |
|
1109
Cheesecake Factory
CAKE
$5.57B
| $3.69M | 0.01% |
73,800
-2,600
| -3% | -$133K |
|
1110
FirstCash
FCFS
$9.22B
| $3.69M | 0.01% |
85,112
+38,912
| +84% | +$1.96M |
|
1111
H.B. Fuller
FUL
$3.24B
| $3.69M | 0.01% |
79,400
-3,400
| -4% | -$158K |
|
1112
Kennametal
KMT
$2.32B
| $3.69M | 0.01% |
127,000
-4,000
| -3% | -$106K |
|
1113
LCI Industries
LCII
$2.61B
| $3.69M | 0.01% |
37,600
-200
| -0.5% | -$19K |
|
1114
Hope Bancorp
HOPE
$1.85B
| $3.68M | 0.01% |
211,857
+79,957
| +61% | +$1.3M |
|
|
COR
1115
DELISTED
Coresite Realty Corporation
COR
| $3.67M | 0.01% |
49,600
-1,500
| -3% | -$122K |
|
1116
Lithia Motors
LAD
$8.34B
| $3.67M | 0.01% |
38,400
-600
| -2% | -$50.4K |
|
1117
HEICO Corp Class A
HEI.A
$37.9B
| $3.66M | 0.01% |
147,747
-4,394
| -3% | -$102K |
|
1118
LPL Financial
LPLA
$29.6B
| $3.66M | 0.01% |
122,400
-4,400
| -3% | -$119K |
|
1119
ACI Worldwide
ACIW
$5.41B
| $3.66M | 0.01% |
188,700
-6,300
| -3% | -$120K |
|
1120
Darling Ingredients
DAR
$10.3B
| $3.66M | 0.01% |
270,700
-8,900
| -3% | -$128K |
|
1121
Worthington Enterprises
WOR
$2.83B
| $3.65M | 0.01% |
123,434
-6,650
| -5% | -$178K |
|
|
WMGI
1122
DELISTED
Wright Medical Group Inc
WMGI
| $3.65M | 0.01% |
148,794
-4,700
| -3% | -$108K |
|
|
ZEN
1123
DELISTED
ZENDESK INC
ZEN
| $3.65M | 0.01% |
118,752
+1,000
| +0.8% | +$29.7K |
|
1124
Alamos Gold
AGI
$13.8B
| $3.62M | 0.01% |
439,321
-13,600
| -3% | -$118K |
|
1125
Commault Systems
CVLT
$6.22B
| $3.61M | 0.01% |
68,000
-2,000
| -3% | -$101K |
|
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.