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 | |
|---|---|---|---|---|---|---|
1301
WIX.com
WIX
$2.75B
| $3.04M | ﹤0.01% |
44,800
-1,500
| -3% | -$88.2K |
|
1302
New York Times
NYT
$10.2B
| $3.04M | ﹤0.01% |
210,900
+4,100
| +2% | +$58.6K |
|
1303
Mercury Systems
MRCY
$6.45B
| $3.03M | ﹤0.01% |
77,500
+11,100
| +17% | +$395K |
|
|
XHR
1304
Xenia Hotels & Resorts
XHR
$1.73B
| $3.02M | ﹤0.01% |
176,880
| – | – |
|
1305
Brady Corp
BRC
$4.51B
| $3.02M | ﹤0.01% |
78,000
+1,200
| +2% | +$45.2K |
|
|
LTC
1306
LTC Properties
LTC
$2.05B
| $3.01M | ﹤0.01% |
62,762
| – | – |
|
1307
IAMGOLD
IAG
$10.5B
| $3M | ﹤0.01% |
751,300
+10,400
| +1% | +$44.3K |
|
1308
DNOW Inc
DNOW
$3.02B
| $3M | ﹤0.01% |
177,000
| – | – |
|
1309
Sabra Healthcare REIT
SBRA
$5.11B
| $3M | ﹤0.01% |
107,400
+2,000
| +2% | +$52.4K |
|
1310
Celestica
CLS
$39.2B
| $3M | ﹤0.01% |
206,200
| – | – |
|
1311
Deckers Outdoor
DECK
$12.8B
| $3M | ﹤0.01% |
301,200
+4,800
| +2% | +$44.3K |
|
1312
Pricesmart
PSMT
$5.24B
| $3M | ﹤0.01% |
32,500
+500
| +2% | +$43.9K |
|
|
AKRX
1313
DELISTED
Akorn Inc
AKRX
| $2.99M | ﹤0.01% |
124,300
| – | – |
|
1314
Towne Bank
TOWN
$3.43B
| $2.99M | ﹤0.01% |
92,315
| – | – |
|
1315
Molina Healthcare
MOH
$10.3B
| $2.99M | ﹤0.01% |
65,500
+900
| +1% | +$47.1K |
|
|
IPHI
1316
DELISTED
INPHI CORPORATION
IPHI
| $2.98M | ﹤0.01% |
61,100
+1,700
| +3% | +$79.4K |
|
1317
Ambarella
AMBA
$3.67B
| $2.97M | ﹤0.01% |
54,333
+700
| +1% | +$37.8K |
|
|
LTXB
1318
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $2.97M | ﹤0.01% |
74,500
| – | – |
|
|
BLD
1319
DELISTED
TopBuild
BLD
| $2.97M | ﹤0.01% |
63,221
| – | – |
|
1320
Eagle Bancorp
EGBN
$857M
| $2.97M | ﹤0.01% |
49,732
| – | – |
|
|
POLY
1321
DELISTED
Plantronics, Inc.
POLY
| $2.96M | ﹤0.01% |
54,800
+700
| +1% | +$38.1K |
|
|
XIFR
1322
XPLR Infrastructure LP
XIFR
$1.09B
| $2.96M | ﹤0.01% |
89,400
+4,500
| +5% | +$137K |
|
|
NSR
1323
DELISTED
Neustar Inc
NSR
| $2.96M | ﹤0.01% |
89,200
| – | – |
|
1324
Kite Realty
KRG
$5.27B
| $2.95M | ﹤0.01% |
137,200
+2,300
| +2% | +$52.3K |
|
|
DF
1325
DELISTED
Dean Foods Company
DF
| $2.94M | ﹤0.01% |
149,600
| – | – |
|
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.