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 | |
|---|---|---|---|---|---|---|
1301
Applied Industrial Technologies
AIT
$13.2B
| $2.74M | ﹤0.01% |
58,700
-2,300
| -4% | -$107K |
|
|
ARGO
1302
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $2.74M | ﹤0.01% |
55,816
-6,440
| -10% | -$306K |
|
|
KS
1303
DELISTED
KapStone Paper and Pack Corp.
KS
| $2.73M | ﹤0.01% |
144,500
-5,300
| -4% | -$85.1K |
|
|
FNGN
1304
DELISTED
Financial Engines, Inc.
FNGN
| $2.73M | ﹤0.01% |
91,900
+3,500
| +4% | +$102K |
|
1305
MillerKnoll
MLKN
$1.62B
| $2.73M | ﹤0.01% |
95,400
-3,000
| -3% | -$99K |
|
|
MORE
1306
DELISTED
Monogram Residential Trust, Inc.
MORE
| $2.73M | ﹤0.01% |
256,370
-200
| -0.1% | -$2.08K |
|
1307
Viavi Solutions
VIAV
$10.6B
| $2.72M | ﹤0.01% |
367,900
-13,100
| -3% | -$96K |
|
1308
AZZ Inc
AZZ
$4.52B
| $2.71M | ﹤0.01% |
41,600
-1,100
| -3% | -$70.3K |
|
|
AAN.A
1309
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $2.71M | ﹤0.01% |
106,700
-6,100
| -5% | -$155K |
|
1310
Boyd Gaming
BYD
$6.05B
| $2.71M | ﹤0.01% |
137,000
-8,200
| -6% | -$158K |
|
|
MEG
1311
DELISTED
Media General, Inc
MEG
| $2.69M | ﹤0.01% |
146,200
-3,000
| -2% | -$53.2K |
|
1312
STAG Industrial
STAG
$7.12B
| $2.69M | ﹤0.01% |
109,800
-3,500
| -3% | -$85.6K |
|
|
ALEX
1313
DELISTED
Alexander & Baldwin
ALEX
| $2.69M | ﹤0.01% |
70,000
-2,600
| -4% | -$102K |
|
|
UNVR
1314
DELISTED
Univar Solutions Inc.
UNVR
| $2.68M | ﹤0.01% |
122,800
+41,600
| +51% | +$816K |
|
1315
Choice Hotels
CHH
$4.71B
| $2.68M | ﹤0.01% |
59,467
-2,200
| -4% | -$106K |
|
|
CORE
1316
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.68M | ﹤0.01% |
74,900
-100
| -0.1% | -$4.31K |
|
1317
Pricesmart
PSMT
$5.55B
| $2.68M | ﹤0.01% |
32,000
-1,200
| -4% | -$98.8K |
|
1318
Precigen
PGEN
$2.32B
| $2.68M | ﹤0.01% |
96,460
+807
| +0.8% | +$21.3K |
|
1319
International Bancshares
IBOC
$4.57B
| $2.67M | ﹤0.01% |
89,700
-3,400
| -4% | -$96.6K |
|
1320
Brink's
BCO
$4.72B
| $2.67M | ﹤0.01% |
72,000
-2,200
| -3% | -$75.5K |
|
1321
CoreCivic
CXW
$3.13B
| $2.67M | ﹤0.01% |
192,518
-6,500
| -3% | -$155K |
|
1322
Kemper
KMPR
$1.59B
| $2.67M | ﹤0.01% |
67,900
-4,300
| -6% | -$155K |
|
1323
EXL Service
EXLS
$5.36B
| $2.67M | ﹤0.01% |
267,340
-9,000
| -3% | -$91.5K |
|
1324
Sabra Healthcare REIT
SBRA
$5.15B
| $2.65M | ﹤0.01% |
105,400
-3,100
| -3% | -$74.3K |
|
|
MRC
1325
DELISTED
MRC Global
MRC
| $2.65M | ﹤0.01% |
161,349
-16,900
| -9% | -$242K |
|
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.