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 |
Amphenol
APH
|
+$42.3M |
| 2 |
United Parcel Service
UPS
|
+$34.7M |
| 3 |
Lumen
LUMN
|
+$28.1M |
| 4 |
Invitation Homes
INVH
|
+$26.7M |
| 5 |
Progressive
PGR
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$90.4M |
| 2 |
Dell
DELL
|
+$67.6M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
+$64.9M |
| 4 |
AT&T
T
|
+$36.5M |
| 5 |
Automatic Data Processing
ADP
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.06% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Industrials | 10.59% |
| 5 | Communication Services | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Bloomin' Brands
BLMN
$944M
| $3.4M | ﹤0.01% |
159,100
-14,600
| -8% | -$280K |
|
|
SRCI
1302
DELISTED
SRC Energy Inc
SRCI
| $3.39M | ﹤0.01% |
397,728
+84,600
| +27% | +$746K |
|
|
AJRD
1303
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.39M | ﹤0.01% |
108,700
+2,700
| +3% | +$85.5K |
|
1304
Invesco Mortgage Capital
IVR
$795M
| $3.39M | ﹤0.01% |
19,010
+520
| +3% | +$91.8K |
|
|
TMHC
1305
DELISTED
Taylor Morrison
TMHC
| $3.39M | ﹤0.01% |
138,500
+17,000
| +14% | +$398K |
|
|
FLOW
1306
DELISTED
SPX FLOW, Inc.
FLOW
| $3.39M | ﹤0.01% |
71,218
| – | – |
|
|
MDCO
1307
DELISTED
Medicines Co
MDCO
| $3.38M | ﹤0.01% |
123,650
+3,000
| +2% | +$92.4K |
|
1308
Quaker Houghton
KWR
$2.96B
| $3.38M | ﹤0.01% |
22,400
| – | – |
|
|
KS
1309
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.37M | ﹤0.01% |
148,600
+3,700
| +3% | +$81.7K |
|
1310
Hilltop Holdings
HTH
$2.22B
| $3.37M | ﹤0.01% |
132,900
+3,100
| +2% | +$76K |
|
1311
Ubiquiti
UI
$34.5B
| $3.37M | ﹤0.01% |
47,400
| – | – |
|
|
LPNT
1312
DELISTED
LifePoint Health, Inc.
LPNT
| $3.37M | ﹤0.01% |
67,600
| – | – |
|
|
CVA
1313
DELISTED
Covanta Holding Corporation
CVA
| $3.36M | ﹤0.01% |
198,800
+4,900
| +3% | +$75.6K |
|
1314
Ambarella
AMBA
$3.6B
| $3.36M | ﹤0.01% |
57,133
+1,500
| +3% | +$83.3K |
|
1315
Viavi Solutions
VIAV
$9.18B
| $3.34M | ﹤0.01% |
381,900
| – | – |
|
1316
Cars.com
CARS
$653M
| $3.33M | ﹤0.01% |
115,600
| – | – |
|
|
AMWD
1317
DELISTED
American Woodmark
AMWD
| $3.32M | ﹤0.01% |
25,500
+1,300
| +5% | +$137K |
|
|
ARI
1318
Apollo Commercial Real Estate
ARI
$871M
| $3.31M | ﹤0.01% |
179,539
+7,000
| +4% | +$129K |
|
1319
Meritage Homes
MTH
$4.69B
| $3.31M | ﹤0.01% |
129,200
+3,800
| +3% | +$94.2K |
|
|
CALD
1320
DELISTED
Callidus Software, Inc.
CALD
| $3.3M | ﹤0.01% |
115,300
+6,800
| +6% | +$185K |
|
|
TIVO
1321
DELISTED
Tivo Inc
TIVO
| $3.29M | ﹤0.01% |
211,213
+11,600
| +6% | +$201K |
|
1322
WIX.com
WIX
$2.61B
| $3.28M | ﹤0.01% |
57,000
| – | – |
|
1323
Ironwood Pharmaceuticals
IRWD
$669M
| $3.28M | ﹤0.01% |
261,008
+9,671
| +4% | +$126K |
|
1324
Qualys
QLYS
$6.43B
| $3.28M | ﹤0.01% |
55,200
+3,700
| +7% | +$208K |
|
1325
Mueller Industries
MLI
$15.2B
| $3.27M | ﹤0.01% |
369,200
+10,000
| +3% | +$87.4K |
|
Similar funds
Swiss National Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Swiss National Bank held 2,605 positions worth $92.6B, up 5.4% from $87.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q4 2017 filing shows 77 new, 1,182 increased, 249 reduced and 91 closed positions. Its largest new stake was Invitation Homes: 1,152,016 shares worth $27.2M. The largest sale was CR Bard Inc., an estimated $90.4M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2017 buy was Invitation Homes: 1,152,016 shares worth $27.2M.
- Swiss National Bank added most to Amphenol in Q4 2017, an estimated $42.3M increase.
- Swiss National Bank's biggest Q4 2017 reduction was Dell, cutting an estimated $67.6M.
- Swiss National Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $90.4M.
- Swiss National Bank's ten largest holdings make up 17% of its $92.6B portfolio in Q4 2017.
- Swiss National Bank opened 77 new positions and closed 91 in Q4 2017.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $92.6B.
Based on Swiss National Bank's 13F filing for Q4 2017, filed 7 Feb 2018.