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 | |
|---|---|---|---|---|---|---|
|
ECHO
1201
EchoStar
ECHO
$26.6B
| $3.19M | 0.01% |
89,959
-740
| -0.8% | -$23.4K |
|
1202
Matthews International
MATW
$722M
| $3.19M | 0.01% |
52,496
-1,900
| -3% | -$114K |
|
1203
Monro
MNRO
$352M
| $3.19M | 0.01% |
52,142
-1,500
| -3% | -$91K |
|
|
LTC
1204
LTC Properties
LTC
$2.1B
| $3.17M | 0.01% |
61,062
+1,062
| +2% | +$55.5K |
|
|
HI
1205
DELISTED
Hillenbrand
HI
| $3.17M | 0.01% |
100,200
-3,600
| -3% | -$114K |
|
|
SAFM
1206
DELISTED
Sanderson Farms Inc
SAFM
| $3.17M | 0.01% |
32,900
-300
| -0.9% | -$27.5K |
|
1207
MasTec
MTZ
$23B
| $3.17M | 0.01% |
106,500
+2,000
| +2% | +$54.8K |
|
|
MDP
1208
DELISTED
Meredith Corporation
MDP
| $3.17M | 0.01% |
60,900
-500
| -0.8% | -$26.7K |
|
|
GWB
1209
DELISTED
Great Western Bancorp, Inc.
GWB
| $3.17M | 0.01% |
95,000
-700
| -0.7% | -$23.1K |
|
|
AKRX
1210
DELISTED
Akorn Inc
AKRX
| $3.17M | 0.01% |
116,100
| – | – |
|
1211
ATI
ATI
$30.9B
| $3.16M | 0.01% |
175,100
-6,200
| -3% | -$103K |
|
|
CADE
1212
DELISTED
Cadence Bank
CADE
| $3.16M | 0.01% |
136,100
-4,400
| -3% | -$105K |
|
1213
MGE Energy Inc
MGEE
$3.06B
| $3.15M | 0.01% |
55,750
-1,900
| -3% | -$107K |
|
|
JOYY
1214
JOYY Inc
JOYY
$3.64B
| $3.15M | 0.01% |
59,367
| – | – |
|
1215
Granite Construction
GVA
$5.41B
| $3.13M | 0.01% |
62,900
-1,800
| -3% | -$87.5K |
|
|
PRMW
1216
DELISTED
Primo Water Corporation
PRMW
| $3.13M | 0.01% |
219,700
-1,400
| -0.6% | -$21.5K |
|
1217
Lumentum
LITE
$78B
| $3.13M | 0.01% |
74,820
-2,100
| -3% | -$69.1K |
|
1218
ICU Medical
ICUI
$4.58B
| $3.12M | 0.01% |
24,719
-200
| -0.8% | -$24.1K |
|
1219
Steven Madden
SHOO
$3.46B
| $3.12M | 0.01% |
135,225
-4,950
| -4% | -$116K |
|
|
AXE
1220
DELISTED
Anixter International Inc
AXE
| $3.1M | 0.01% |
48,100
-200
| -0.4% | -$12K |
|
1221
3D Systems Corp
DDD
$601M
| $3.1M | 0.01% |
172,650
-5,700
| -3% | -$85.5K |
|
1222
Ingevity
NGVT
$2.59B
| $3.09M | 0.01% |
67,090
-4,300
| -6% | -$182K |
|
|
WPG
1223
DELISTED
Washington Prime Group Inc.
WPG
| $3.09M | 0.01% |
33,896
-556
| -2% | -$63.8K |
|
1224
OneMain Financial
OMF
$7.51B
| $3.09M | ﹤0.01% |
99,800
-3,700
| -4% | -$107K |
|
1225
Churchill Downs
CHDN
$6.2B
| $3.09M | ﹤0.01% |
126,600
-1,200
| -0.9% | -$28.3K |
|
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.