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 | |
|---|---|---|---|---|---|---|
1126
ICU Medical
ICUI
$4.57B
| $3.91M | ﹤0.01% |
25,619
+900
| +4% | +$132K |
|
|
SEMG
1127
DELISTED
SEMGROUP CORPORATION
SEMG
| $3.9M | ﹤0.01% |
108,441
| – | – |
|
1128
Zurn Elkay Water Solutions
ZWS
$8.6B
| $3.9M | ﹤0.01% |
350,844
+6,228
| +2% | +$67.1K |
|
1129
Five Below
FIVE
$13B
| $3.9M | ﹤0.01% |
89,959
| – | – |
|
1130
Essent Group
ESNT
$6.17B
| $3.89M | ﹤0.01% |
107,600
| – | – |
|
1131
RLI Corp
RLI
$5.88B
| $3.89M | ﹤0.01% |
129,600
| – | – |
|
1132
BGC Group
BGC
$4.83B
| $3.88M | ﹤0.01% |
531,667
+6,065
| +1% | +$43.6K |
|
|
AXE
1133
DELISTED
Anixter International Inc
AXE
| $3.88M | ﹤0.01% |
48,900
+800
| +2% | +$65.3K |
|
|
KLXI
1134
DELISTED
KLX Inc.
KLXI
| $3.88M | ﹤0.01% |
102,886
+1,661
| +2% | +$67K |
|
|
ODP
1135
DELISTED
ODP
ODP
| $3.86M | ﹤0.01% |
82,710
-2,230
| -3% | -$101K |
|
1136
Tetra Tech
TTEK
$9.11B
| $3.86M | ﹤0.01% |
472,000
| – | – |
|
1137
Avis
CAR
$5B
| $3.85M | ﹤0.01% |
130,300
-4,000
| -3% | -$139K |
|
|
ELME
1138
Elme Communities
ELME
$143M
| $3.85M | ﹤0.01% |
123,000
+1,900
| +2% | +$60.6K |
|
1139
GATX Corp
GATX
$6.27B
| $3.83M | ﹤0.01% |
62,900
| – | – |
|
|
PSB
1140
DELISTED
PS Business Parks, Inc.
PSB
| $3.83M | ﹤0.01% |
33,408
| – | – |
|
1141
LCI Industries
LCII
$2.6B
| $3.83M | ﹤0.01% |
38,400
| – | – |
|
|
QTS
1142
DELISTED
QTS REALTY TRUST, INC.
QTS
| $3.83M | ﹤0.01% |
78,483
| – | – |
|
|
GCP
1143
DELISTED
GCP Applied Technologies Inc.
GCP
| $3.81M | ﹤0.01% |
116,600
| – | – |
|
1144
ABM Industries
ABM
$2.85B
| $3.81M | ﹤0.01% |
87,300
+1,000
| +1% | +$41.3K |
|
|
ROIC
1145
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.8M | ﹤0.01% |
180,800
+1,800
| +1% | +$37.9K |
|
1146
SM Energy
SM
$7.69B
| $3.79M | ﹤0.01% |
157,950
| – | – |
|
1147
RBC Bearings
RBC
$17.7B
| $3.79M | ﹤0.01% |
38,990
| – | – |
|
1148
GameStop
GME
$8.4B
| $3.78M | ﹤0.01% |
671,128
-12,400
| -2% | -$75.7K |
|
1149
Applied Industrial Technologies
AIT
$13.3B
| $3.77M | ﹤0.01% |
61,000
| – | – |
|
|
VRE
1150
DELISTED
Veris Residential
VRE
| $3.77M | ﹤0.01% |
140,000
| – | – |
|
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.