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 | |
|---|---|---|---|---|---|---|
|
WDR
1351
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $3.15M | ﹤0.01% |
141,100
| – | – |
|
1352
Progress Software
PRGS
$1.78B
| $3.15M | ﹤0.01% |
74,000
+2,300
| +3% | +$95.8K |
|
|
STRP
1353
DELISTED
Straight Path Communications Inc.
STRP
| $3.15M | ﹤0.01% |
17,300
| – | – |
|
|
SFBS
1354
ServisFirst Bancshares
SFBS
$4.84B
| $3.14M | ﹤0.01% |
75,768
+2,300
| +3% | +$93.5K |
|
|
AERI
1355
DELISTED
Aerie Pharmaceuticals
AERI
| $3.14M | ﹤0.01% |
52,600
+2,300
| +5% | +$139K |
|
|
CTB
1356
DELISTED
Cooper Tire & Rubber Co.
CTB
| $3.14M | ﹤0.01% |
88,700
| – | – |
|
|
CBI
1357
DELISTED
Chicago Bridge & Iron Nv
CBI
| $3.13M | ﹤0.01% |
194,019
+25,000
| +15% | +$407K |
|
|
TIME
1358
DELISTED
Time Inc.
TIME
| $3.13M | ﹤0.01% |
169,658
+6,700
| +4% | +$100K |
|
1359
Terreno Realty
TRNO
$7.45B
| $3.13M | ﹤0.01% |
89,200
+5,700
| +7% | +$210K |
|
1360
Ameris Bancorp
ABCB
$5.88B
| $3.12M | ﹤0.01% |
64,764
+2,600
| +4% | +$126K |
|
|
CSOD
1361
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.12M | ﹤0.01% |
88,300
+3,300
| +4% | +$123K |
|
1362
Monro
MNRO
$368M
| $3.12M | ﹤0.01% |
54,742
| – | – |
|
1363
Pegasystems
PEGA
$5.43B
| $3.12M | ﹤0.01% |
132,200
+3,600
| +3% | +$96.6K |
|
|
ODP
1364
DELISTED
ODP
ODP
| $3.12M | ﹤0.01% |
88,020
| – | – |
|
|
ARGO
1365
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $3.12M | ﹤0.01% |
58,116
| – | – |
|
1366
Towne Bank
TOWN
$3.4B
| $3.11M | ﹤0.01% |
101,215
+2,500
| +3% | +$83.4K |
|
1367
WesBanco
WSBC
$4B
| $3.1M | ﹤0.01% |
76,300
+3,100
| +4% | +$127K |
|
|
LGF.A
1368
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $3.1M | ﹤0.01% |
91,550
+3,700
| +4% | +$116K |
|
1369
Omnicell
OMCL
$1.7B
| $3.09M | ﹤0.01% |
63,800
+1,600
| +3% | +$80.7K |
|
1370
BOK Financial
BOKF
$8.7B
| $3.09M | ﹤0.01% |
33,500
+1,000
| +3% | +$88.2K |
|
|
VRE
1371
DELISTED
Veris Residential
VRE
| $3.08M | ﹤0.01% |
143,100
| – | – |
|
1372
Exponent
EXPO
$3.21B
| $3.08M | ﹤0.01% |
86,600
| – | – |
|
1373
GameStop
GME
$8.43B
| $3.08M | ﹤0.01% |
685,928
| – | – |
|
|
CZR
1374
DELISTED
Caesars Entertainment Corporation
CZR
| $3.07M | ﹤0.01% |
242,860
+153,560
| +172% | +$1.95M |
|
1375
Kaiser Aluminum
KALU
$3.06B
| $3.07M | ﹤0.01% |
28,700
| – | – |
|
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.