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 | |
|---|---|---|---|---|---|---|
1151
Children's Place
PLCE
$58.3M
| $4.32M | ﹤0.01% |
29,700
| – | – |
|
1152
Delek US
DK
$3.72B
| $4.31M | ﹤0.01% |
123,419
+2,900
| +2% | +$85.6K |
|
1153
STAG Industrial
STAG
$7.09B
| $4.29M | ﹤0.01% |
157,100
+8,700
| +6% | +$243K |
|
|
MZTI
1154
The Marzetti Company
MZTI
$3.13B
| $4.29M | ﹤0.01% |
33,226
+1,000
| +3% | +$126K |
|
1155
Alamos Gold
AGI
$13.9B
| $4.29M | ﹤0.01% |
657,836
+152,115
| +30% | +$993K |
|
1156
Sanmina
SANM
$10.7B
| $4.29M | ﹤0.01% |
130,000
+3,600
| +3% | +$126K |
|
1157
Tanger
SKT
$4.44B
| $4.27M | ﹤0.01% |
161,200
| – | – |
|
|
MDRX
1158
DELISTED
Veradigm Inc. Common Stock
MDRX
| $4.24M | ﹤0.01% |
291,400
| – | – |
|
|
SJI
1159
DELISTED
South Jersey Industries, Inc.
SJI
| $4.23M | ﹤0.01% |
135,509
+2,600
| +2% | +$85.9K |
|
1160
Mercury Systems
MRCY
$6.52B
| $4.21M | ﹤0.01% |
82,000
+2,200
| +3% | +$113K |
|
1161
Steven Madden
SHOO
$3.58B
| $4.21M | ﹤0.01% |
135,225
| – | – |
|
1162
Commercial Metals
CMC
$8.1B
| $4.21M | ﹤0.01% |
197,300
+6,900
| +4% | +$137K |
|
|
FMBI
1163
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.2M | ﹤0.01% |
175,000
+24,700
| +16% | +$586K |
|
1164
Sally Beauty Holdings
SBH
$1.57B
| $4.2M | ﹤0.01% |
223,800
-10,200
| -4% | -$177K |
|
|
WAGE
1165
DELISTED
WageWorks, Inc.
WAGE
| $4.19M | ﹤0.01% |
67,600
+1,500
| +2% | +$94K |
|
1166
Green Dot
GDOT
$752M
| $4.19M | ﹤0.01% |
69,500
+2,000
| +3% | +$117K |
|
1167
United Natural Foods
UNFI
$2.8B
| $4.19M | ﹤0.01% |
85,000
| – | – |
|
|
CVSA
1168
Covista Inc
CVSA
$4.38B
| $4.18M | ﹤0.01% |
99,500
| – | – |
|
|
BIG
1169
DELISTED
Big Lots, Inc.
BIG
| $4.18M | ﹤0.01% |
74,506
| – | – |
|
1170
Builders FirstSource
BLDR
$7.74B
| $4.18M | ﹤0.01% |
191,900
+5,900
| +3% | +$112K |
|
1171
CVB Financial
CVBF
$3.97B
| $4.16M | ﹤0.01% |
176,400
+3,800
| +2% | +$90.2K |
|
|
SYNH
1172
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $4.15M | ﹤0.01% |
95,277
| – | – |
|
1173
Acadia Healthcare
ACHC
$2.96B
| $4.15M | ﹤0.01% |
127,168
+3,100
| +2% | +$107K |
|
1174
Dick's Sporting Goods
DKS
$19.2B
| $4.14M | ﹤0.01% |
144,200
-177,300
| -55% | -$4.89M |
|
1175
Armstrong World Industries
AWI
$7.75B
| $4.14M | ﹤0.01% |
68,400
| – | – |
|
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.