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 |
Amphenol
APH
|
+$42.3M |
| 2 |
United Parcel Service
UPS
|
+$34.7M |
| 3 |
Lumen
LUMN
|
+$28.1M |
| 4 |
Invitation Homes
INVH
|
+$26.7M |
| 5 |
Progressive
PGR
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$90.4M |
| 2 |
Dell
DELL
|
+$67.6M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
+$64.9M |
| 4 |
AT&T
T
|
+$36.5M |
| 5 |
Automatic Data Processing
ADP
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.06% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Industrials | 10.59% |
| 5 | Communication Services | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
QTS
1126
DELISTED
QTS REALTY TRUST, INC.
QTS
| $4.49M | ﹤0.01% |
82,883
+2,800
| +3% | +$156K |
|
1127
CoreCivic
CXW
$3.26B
| $4.48M | ﹤0.01% |
199,218
+2,800
| +1% | +$67.3K |
|
1128
LendingTree
TREE
$453M
| $4.48M | ﹤0.01% |
13,150
+400
| +3% | +$114K |
|
|
VRNT
1129
DELISTED
Verint Systems
VRNT
| $4.47M | ﹤0.01% |
209,648
+5,300
| +3% | +$114K |
|
1130
InterDigital
IDCC
$8.99B
| $4.46M | ﹤0.01% |
58,500
+1,000
| +2% | +$74.7K |
|
|
PR
1131
Permian Resources
PR
$17.8B
| $4.44M | ﹤0.01% |
224,400
+68,400
| +44% | +$1.33M |
|
1132
NETSCOUT
NTCT
$2.81B
| $4.42M | ﹤0.01% |
145,228
| – | – |
|
1133
Helen of Troy
HELE
$680M
| $4.41M | ﹤0.01% |
45,800
| – | – |
|
1134
Pebblebrook Hotel Trust
PEB
$2B
| $4.41M | ﹤0.01% |
118,700
| – | – |
|
1135
Graham Holdings Company
GHC
$4.99B
| $4.41M | ﹤0.01% |
7,900
+200
| +3% | +$113K |
|
1136
Halozyme
HALO
$12.2B
| $4.41M | ﹤0.01% |
217,600
+11,100
| +5% | +$204K |
|
1137
Unifirst Corp
UNF
$5.24B
| $4.4M | ﹤0.01% |
26,700
+800
| +3% | +$127K |
|
|
BCPC
1138
Balchem Corp
BCPC
$5.65B
| $4.4M | ﹤0.01% |
54,600
+2,100
| +4% | +$175K |
|
|
CADE
1139
DELISTED
Cadence Bank
CADE
| $4.4M | ﹤0.01% |
139,900
| – | – |
|
|
AAN.A
1140
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $4.39M | ﹤0.01% |
110,100
+3,400
| +3% | +$135K |
|
1141
Protolabs
PRLB
$2.14B
| $4.38M | ﹤0.01% |
42,500
| – | – |
|
1142
Deckers Outdoor
DECK
$13.3B
| $4.37M | ﹤0.01% |
327,000
+7,800
| +2% | +$93.4K |
|
|
RGC
1143
DELISTED
Regal Entertainment Group
RGC
| $4.37M | ﹤0.01% |
190,000
| – | – |
|
|
AEL
1144
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.37M | ﹤0.01% |
142,200
+2,500
| +2% | +$75.8K |
|
1145
Granite Construction
GVA
$5.51B
| $4.36M | ﹤0.01% |
68,800
+2,000
| +3% | +$125K |
|
|
RP
1146
DELISTED
RealPage, Inc.
RP
| $4.36M | ﹤0.01% |
98,500
+1,700
| +2% | +$74.2K |
|
|
ESV
1147
DELISTED
Ensco Rowan plc
ESV
| $4.36M | ﹤0.01% |
184,310
+181,400
| +6,234% | +$4.02M |
|
|
PSB
1148
DELISTED
PS Business Parks, Inc.
PSB
| $4.35M | ﹤0.01% |
34,808
+700
| +2% | +$92.5K |
|
|
EDR
1149
DELISTED
Education Realty Trust Inc
EDR
| $4.35M | ﹤0.01% |
124,696
+2,500
| +2% | +$90.1K |
|
1150
HEICO Corp
HEI
$50.9B
| $4.34M | ﹤0.01% |
89,830
+1,953
| +2% | +$91.1K |
|
Similar funds
Swiss National Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Swiss National Bank held 2,605 positions worth $92.6B, up 5.4% from $87.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q4 2017 filing shows 77 new, 1,182 increased, 249 reduced and 91 closed positions. Its largest new stake was Invitation Homes: 1,152,016 shares worth $27.2M. The largest sale was CR Bard Inc., an estimated $90.4M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2017 buy was Invitation Homes: 1,152,016 shares worth $27.2M.
- Swiss National Bank added most to Amphenol in Q4 2017, an estimated $42.3M increase.
- Swiss National Bank's biggest Q4 2017 reduction was Dell, cutting an estimated $67.6M.
- Swiss National Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $90.4M.
- Swiss National Bank's ten largest holdings make up 17% of its $92.6B portfolio in Q4 2017.
- Swiss National Bank opened 77 new positions and closed 91 in Q4 2017.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $92.6B.
Based on Swiss National Bank's 13F filing for Q4 2017, filed 7 Feb 2018.