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 | |
|---|---|---|---|---|---|---|
1251
Coeur Mining
CDE
$19B
| $2.95M | ﹤0.01% |
249,200
-8,500
| -3% | -$116K |
|
|
ABCO
1252
DELISTED
Advisory Board Co
ABCO
| $2.95M | ﹤0.01% |
65,900
-3,800
| -5% | -$156K |
|
|
SEMG
1253
DELISTED
SEMGROUP CORPORATION
SEMG
| $2.95M | ﹤0.01% |
83,341
-3,100
| -4% | -$98.6K |
|
|
CVA
1254
DELISTED
Covanta Holding Corporation
CVA
| $2.95M | ﹤0.01% |
191,400
-6,300
| -3% | -$98K |
|
1255
Haemonetics
HAE
$4.11B
| $2.94M | ﹤0.01% |
81,300
-2,900
| -3% | -$99.6K |
|
1256
Mine Safety
MSA
$7.32B
| $2.94M | ﹤0.01% |
50,700
-1,500
| -3% | -$83.9K |
|
|
TVPT
1257
DELISTED
Travelport Worldwide Limited
TVPT
| $2.94M | ﹤0.01% |
195,800
+5,700
| +3% | +$78.3K |
|
1258
Deckers Outdoor
DECK
$12.7B
| $2.94M | ﹤0.01% |
296,400
-14,400
| -5% | -$151K |
|
|
SWFT
1259
DELISTED
Swift Transportation Company
SWFT
| $2.94M | ﹤0.01% |
137,000
-10,900
| -7% | -$207K |
|
|
WLL
1260
DELISTED
Whiting Petroleum Corporation
WLL
| $2.93M | ﹤0.01% |
1,118
-41
| -4% | -$96.1K |
|
1261
Puma Biotechnology
PBYI
$450M
| $2.92M | ﹤0.01% |
43,630
-1,500
| -3% | -$75.8K |
|
|
RDC
1262
DELISTED
Rowan Companies Plc
RDC
| $2.92M | ﹤0.01% |
192,900
-6,300
| -3% | -$92.2K |
|
1263
Old National Bancorp
ONB
$10.4B
| $2.92M | ﹤0.01% |
207,484
-800
| -0.4% | -$10.8K |
|
1264
SouthState Bank Corp
SSB
$10.8B
| $2.92M | ﹤0.01% |
38,852
-1,400
| -3% | -$103K |
|
1265
Grand Canyon Education
LOPE
$3.79B
| $2.91M | ﹤0.01% |
72,100
+600
| +0.8% | +$24.9K |
|
1266
CVB Financial
CVBF
$4.08B
| $2.91M | ﹤0.01% |
165,300
-3,500
| -2% | -$59.5K |
|
|
BID
1267
DELISTED
Sotheby's
BID
| $2.91M | ﹤0.01% |
76,500
-9,200
| -11% | -$325K |
|
1268
RBC Bearings
RBC
$17.5B
| $2.9M | ﹤0.01% |
37,990
-2,200
| -5% | -$168K |
|
1269
IAMGOLD
IAG
$10.1B
| $2.9M | ﹤0.01% |
718,100
+50,100
| +8% | +$228K |
|
1270
IMAX
IMAX
$2.92B
| $2.9M | ﹤0.01% |
100,100
-5,500
| -5% | -$168K |
|
|
SIR
1271
DELISTED
SELECT INCOME REIT
SIR
| $2.89M | ﹤0.01% |
244,790
-7,963
| -3% | -$94.7K |
|
1272
The GEO Group
GEO
$4B
| $2.89M | ﹤0.01% |
182,100
-5,100
| -3% | -$96.2K |
|
1273
Power Integrations
POWI
$3.48B
| $2.89M | ﹤0.01% |
91,600
-1,200
| -1% | -$34.1K |
|
1274
Hilltop Holdings
HTH
$2.28B
| $2.88M | ﹤0.01% |
128,100
-4,300
| -3% | -$95.1K |
|
1275
Simpson Manufacturing
SSD
$8B
| $2.87M | ﹤0.01% |
65,400
-2,100
| -3% | -$89.4K |
|
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.