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 | |
|---|---|---|---|---|---|---|
|
HAWK
1326
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $3.27M | ﹤0.01% |
91,676
+3,400
| +4% | +$122K |
|
1327
World Kinect Corp
WKC
$1.92B
| $3.27M | ﹤0.01% |
116,100
| – | – |
|
1328
Independent Bank
INDB
$4B
| $3.26M | ﹤0.01% |
46,700
+1,700
| +4% | +$122K |
|
1329
OneMain Financial
OMF
$7.35B
| $3.26M | ﹤0.01% |
125,500
+25,700
| +26% | +$710K |
|
1330
Ultragenyx Pharmaceutical
RARE
$2.66B
| $3.24M | ﹤0.01% |
69,952
+2,700
| +4% | +$132K |
|
1331
Teladoc Health
TDOC
$1.29B
| $3.23M | ﹤0.01% |
92,800
+33,300
| +56% | +$1.11M |
|
|
NEWR
1332
DELISTED
New Relic, Inc.
NEWR
| $3.22M | ﹤0.01% |
55,697
+2,900
| +5% | +$158K |
|
|
FNGN
1333
DELISTED
Financial Engines, Inc.
FNGN
| $3.21M | ﹤0.01% |
105,900
| – | – |
|
|
NAV
1334
DELISTED
Navistar International
NAV
| $3.21M | ﹤0.01% |
74,800
| – | – |
|
|
NGD
1335
DELISTED
New Gold Inc
NGD
| $3.21M | ﹤0.01% |
974,662
| – | – |
|
1336
Eagle Bancorp
EGBN
$853M
| $3.2M | ﹤0.01% |
55,332
+1,500
| +3% | +$96.1K |
|
1337
Dorman Products
DORM
$4.02B
| $3.2M | ﹤0.01% |
52,300
| – | – |
|
1338
TriNet
TNET
$3.08B
| $3.2M | ﹤0.01% |
72,100
+2,800
| +4% | +$112K |
|
1339
NETGEAR
NTGR
$640M
| $3.2M | ﹤0.01% |
54,400
| – | – |
|
|
FOE
1340
DELISTED
Ferro Corporation
FOE
| $3.19M | ﹤0.01% |
135,400
+3,500
| +3% | +$82.9K |
|
1341
Pacira BioSciences
PCRX
$985M
| $3.19M | ﹤0.01% |
69,800
+2,700
| +4% | +$107K |
|
1342
Pricesmart
PSMT
$5.21B
| $3.19M | ﹤0.01% |
37,000
+1,500
| +4% | +$128K |
|
|
BID
1343
DELISTED
Sotheby's
BID
| $3.19M | ﹤0.01% |
61,749
| – | – |
|
1344
Brinker International
EAT
$9.86B
| $3.18M | ﹤0.01% |
81,900
| – | – |
|
1345
Artisan Partners
APAM
$3.07B
| $3.18M | ﹤0.01% |
80,400
+2,800
| +4% | +$104K |
|
1346
Morningstar
MORN
$7.5B
| $3.17M | ﹤0.01% |
32,700
| – | – |
|
|
RDC
1347
DELISTED
Rowan Companies Plc
RDC
| $3.16M | ﹤0.01% |
202,000
+6,000
| +3% | +$84.3K |
|
|
LTXB
1348
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.16M | ﹤0.01% |
74,900
+3,100
| +4% | +$124K |
|
|
SEM
1349
DELISTED
Select Medical
SEM
| $3.16M | ﹤0.01% |
332,410
+8,538
| +3% | +$81.6K |
|
1350
Penske Automotive Group
PAG
$14.3B
| $3.15M | ﹤0.01% |
65,900
+1,800
| +3% | +$84.8K |
|
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.