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 | |
|---|---|---|---|---|---|---|
1401
Capitol Federal Financial
CFFN
$1.08B
| $2.96M | ﹤0.01% |
220,400
| – | – |
|
|
CRZO
1402
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.95M | ﹤0.01% |
138,739
+5,100
| +4% | +$94.2K |
|
1403
Kulicke & Soffa
KLIC
$4.53B
| $2.95M | ﹤0.01% |
121,100
+4,300
| +4% | +$103K |
|
1404
Axos Financial
AX
$5.63B
| $2.92M | ﹤0.01% |
97,500
+3,700
| +4% | +$101K |
|
|
DCH
1405
Dauch Corp
DCH
$1.58B
| $2.9M | ﹤0.01% |
170,600
+32,700
| +24% | +$579K |
|
|
GBT
1406
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $2.9M | ﹤0.01% |
73,700
+19,000
| +35% | +$710K |
|
1407
Provident Financial Services
PFS
$3.17B
| $2.9M | ﹤0.01% |
107,500
+2,900
| +3% | +$78.9K |
|
|
BSFT
1408
DELISTED
BroadSoft, Inc.
BSFT
| $2.9M | ﹤0.01% |
52,800
+1,400
| +3% | +$76.3K |
|
1409
FTI Consulting
FCN
$4.17B
| $2.89M | ﹤0.01% |
67,300
-2,000
| -3% | -$81.6K |
|
1410
Installed Building Products
IBP
$6.27B
| $2.89M | ﹤0.01% |
38,033
+1,000
| +3% | +$69.3K |
|
1411
Boston Beer
SAM
$1.86B
| $2.89M | ﹤0.01% |
15,100
-700
| -4% | -$125K |
|
1412
Etsy
ETSY
$7.38B
| $2.88M | ﹤0.01% |
141,000
+6,300
| +5% | +$111K |
|
1413
TransAlta
TAC
$3.88B
| $2.88M | ﹤0.01% |
485,800
| – | – |
|
1414
Northwest Natural Holdings
NWN
$2.09B
| $2.88M | ﹤0.01% |
48,300
+1,100
| +2% | +$71.9K |
|
1415
Innospec
IOSP
$2.29B
| $2.87M | ﹤0.01% |
40,703
| – | – |
|
|
SIR
1416
DELISTED
SELECT INCOME REIT
SIR
| $2.87M | ﹤0.01% |
260,033
+8,873
| +4% | +$96.9K |
|
1417
Matthews International
MATW
$717M
| $2.87M | ﹤0.01% |
54,296
+1,200
| +2% | +$70K |
|
|
POLY
1418
DELISTED
Plantronics, Inc.
POLY
| $2.84M | ﹤0.01% |
56,400
+1,600
| +3% | +$78.6K |
|
|
MDR
1419
DELISTED
McDermott International
MDR
| $2.84M | ﹤0.01% |
143,733
-14,534
| -9% | -$307K |
|
1420
RPC Inc
RES
$1.36B
| $2.84M | ﹤0.01% |
111,100
+3,700
| +3% | +$89.1K |
|
1421
Caesars Entertainment
CZR
$6.13B
| $2.82M | ﹤0.01% |
84,944
+2,600
| +3% | +$75.5K |
|
1422
Winnebago Industries
WGO
$906M
| $2.81M | ﹤0.01% |
50,600
+1,800
| +4% | +$90.4K |
|
|
VTLE
1423
DELISTED
Vital Energy
VTLE
| $2.81M | ﹤0.01% |
13,225
| – | – |
|
|
PPBI
1424
DELISTED
Pacific Premier Bancorp
PPBI
| $2.79M | ﹤0.01% |
69,774
+11,300
| +19% | +$445K |
|
1425
Azenta
AZTA
$1.54B
| $2.79M | ﹤0.01% |
116,800
| – | – |
|
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.