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 | |
|---|---|---|---|---|---|---|
1176
Diamondrock Hospitality Co
DRH
$2.47B
| $3.68M | ﹤0.01% |
330,400
| – | – |
|
|
MLNX
1177
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $3.68M | ﹤0.01% |
72,221
+1,100
| +2% | +$52.2K |
|
1178
Semtech
SMTC
$12.2B
| $3.67M | ﹤0.01% |
108,500
+1,200
| +1% | +$40.3K |
|
1179
Old National Bancorp
ONB
$10.3B
| $3.66M | ﹤0.01% |
211,084
+3,600
| +2% | +$64.3K |
|
|
EVER
1180
DELISTED
Everbank Financial Corp
EVER
| $3.66M | ﹤0.01% |
187,800
-4,800
| -2% | -$93.3K |
|
|
PTLA
1181
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $3.65M | ﹤0.01% |
93,057
+3,100
| +3% | +$98.7K |
|
1182
Vishay Intertechnology
VSH
$5.1B
| $3.64M | ﹤0.01% |
221,500
| – | – |
|
1183
Commercial Metals
CMC
$8.01B
| $3.64M | ﹤0.01% |
190,400
+2,200
| +1% | +$45.1K |
|
1184
Papa John's
PZZA
$801M
| $3.64M | ﹤0.01% |
45,500
| – | – |
|
|
ZNGA
1185
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $3.64M | ﹤0.01% |
1,277,553
+20,300
| +2% | +$54.5K |
|
1186
Itron
ITRI
$4.53B
| $3.62M | ﹤0.01% |
59,700
| – | – |
|
1187
LiveRamp
RAMP
$2.3B
| $3.62M | ﹤0.01% |
127,300
| – | – |
|
1188
Moog Inc Class A
MOG.A
$13.3B
| $3.62M | ﹤0.01% |
53,700
| – | – |
|
|
DBD
1189
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.61M | ﹤0.01% |
117,459
+2,000
| +2% | +$56.5K |
|
1190
Commault Systems
CVLT
$5.8B
| $3.6M | ﹤0.01% |
70,900
+1,600
| +2% | +$81.7K |
|
1191
Brinker International
EAT
$9.57B
| $3.6M | ﹤0.01% |
81,900
-8,700
| -10% | -$385K |
|
1192
Matthews International
MATW
$718M
| $3.59M | ﹤0.01% |
53,096
+600
| +1% | +$41.5K |
|
|
STAY
1193
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $3.59M | ﹤0.01% |
225,186
+50,900
| +29% | +$844K |
|
1194
United Natural Foods
UNFI
$2.86B
| $3.58M | ﹤0.01% |
82,900
+1,400
| +2% | +$63K |
|
1195
Genworth Financial
GNW
$3.71B
| $3.58M | ﹤0.01% |
869,186
| – | – |
|
1196
Unifirst Corp
UNF
$5.27B
| $3.58M | ﹤0.01% |
25,300
| – | – |
|
1197
Hilltop Holdings
HTH
$2.25B
| $3.57M | ﹤0.01% |
129,800
+1,700
| +1% | +$47.5K |
|
1198
Children's Place
PLCE
$56.3M
| $3.56M | ﹤0.01% |
29,700
-1,100
| -4% | -$116K |
|
1199
LivaNova
LIVN
$4.3B
| $3.56M | ﹤0.01% |
72,719
+1,300
| +2% | +$63.2K |
|
|
SPN
1200
DELISTED
Superior Energy Services, Inc.
SPN
| $3.56M | ﹤0.01% |
24,958
+320
| +1% | +$52.7K |
|
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.