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 |
Fortive
FTV
|
+$43.6M |
| 2 |
Johnson Controls International
JCI
|
+$41.3M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$35.6M |
| 4 |
Telus
TU
|
+$34.2M |
| 5 |
Dell
DELL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$170M |
| 2 |
Annaly Capital Management
NLY
|
+$81.7M |
| 3 |
Thomson Reuters
TRI
|
+$78.4M |
| 4 |
AGNC Investment
AGNC
|
+$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.52% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.15% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UCB
1451
United Community Banks
UCB
$4.43B
| $2.17M | ﹤0.01% |
103,400
-3,500
| -3% | -$69.4K |
|
1452
NovaGold Resources
NG
$3.4B
| $2.17M | ﹤0.01% |
387,900
+3,200
| +0.8% | +$19.9K |
|
|
TWOU
1453
DELISTED
2U Inc
TWOU
| $2.17M | ﹤0.01% |
1,887
-46
| -2% | -$48K |
|
|
HSNI
1454
DELISTED
HSN, Inc.
HSNI
| $2.16M | ﹤0.01% |
54,300
-1,900
| -3% | -$86.3K |
|
1455
Exponent
EXPO
$3.24B
| $2.16M | ﹤0.01% |
84,600
-2,600
| -3% | -$67.8K |
|
1456
Simmons First National
SFNC
$3.46B
| $2.15M | ﹤0.01% |
86,180
-3,200
| -4% | -$76.9K |
|
1457
First Financial Bancorp
FFBC
$3.6B
| $2.15M | ﹤0.01% |
98,300
-3,500
| -3% | -$74.3K |
|
1458
WesBanco
WSBC
$4.1B
| $2.15M | ﹤0.01% |
65,300
+5,100
| +8% | +$162K |
|
|
BSFT
1459
DELISTED
BroadSoft, Inc.
BSFT
| $2.15M | ﹤0.01% |
46,100
-1,100
| -2% | -$49.1K |
|
|
CHSP
1460
DELISTED
Chesapeake Lodging Trust
CHSP
| $2.14M | ﹤0.01% |
93,400
-3,500
| -4% | -$86.4K |
|
1461
Meritage Homes
MTH
$4.8B
| $2.14M | ﹤0.01% |
123,200
+1,400
| +1% | +$25.4K |
|
|
AAV
1462
DELISTED
Advantage Oil & Gas Ltd
AAV
| $2.14M | ﹤0.01% |
304,700
-8,600
| -3% | -$56.9K |
|
|
AF
1463
DELISTED
Astoria Financial Corporation
AF
| $2.14M | ﹤0.01% |
146,300
-5,600
| -4% | -$83.6K |
|
1464
Towne Bank
TOWN
$3.5B
| $2.13M | ﹤0.01% |
88,615
-3,300
| -4% | -$76.5K |
|
1465
TFS Financial
TFSL
$4.93B
| $2.12M | ﹤0.01% |
119,200
-7,700
| -6% | -$138K |
|
|
ORBK
1466
DELISTED
Orbotech Ltd
ORBK
| $2.12M | ﹤0.01% |
71,700
| – | – |
|
|
TGI
1467
DELISTED
Triumph Group
TGI
| $2.12M | ﹤0.01% |
76,100
-2,600
| -3% | -$83.9K |
|
|
ALDR
1468
DELISTED
Alder Biopharmaceuticals
ALDR
| $2.12M | ﹤0.01% |
64,642
+1,100
| +2% | +$33.5K |
|
1469
Westamerica Bancorp
WABC
$1.39B
| $2.12M | ﹤0.01% |
41,600
-1,400
| -3% | -$68.2K |
|
|
CYS
1470
DELISTED
CYS Investments Inc.
CYS
| $2.12M | ﹤0.01% |
242,700
-12,300
| -5% | -$108K |
|
1471
Community Health Systems
CYH
$419M
| $2.11M | ﹤0.01% |
182,626
-5,500
| -3% | -$63.4K |
|
|
MINI
1472
DELISTED
Mobile Mini Inc
MINI
| $2.1M | ﹤0.01% |
69,700
-3,100
| -4% | -$98.1K |
|
|
FPRX
1473
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $2.09M | ﹤0.01% |
39,900
-1,100
| -3% | -$52.5K |
|
1474
Apogee Enterprises
APOG
$888M
| $2.09M | ﹤0.01% |
46,800
-1,400
| -3% | -$65.3K |
|
|
FLOW
1475
DELISTED
SPX FLOW, Inc.
FLOW
| $2.08M | ﹤0.01% |
67,418
+700
| +1% | +$19.5K |
|
Similar funds
Swiss National Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Swiss National Bank held 2,590 positions worth $62.4B, up 0.99% from $61.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2016: portfolio turnover was 2.4%. Swiss National Bank opened 9 new positions and exited 54, leaving the 2,590-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2016 buy was Fortive: 1,359,115 shares worth $43.6M.
- Swiss National Bank added most to Johnson Controls International in Q3 2016, an estimated $41.3M increase.
- Swiss National Bank's biggest Q3 2016 reduction was Danaher, cutting an estimated $45.6M.
- Swiss National Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $170M.
- Swiss National Bank's ten largest holdings make up 16% of its $62.4B portfolio in Q3 2016.
- Swiss National Bank opened 9 new positions and closed 54 in Q3 2016.
- Swiss National Bank's portfolio value rose 0.99% quarter-over-quarter to $62.4B.
Based on Swiss National Bank's 13F filing for Q3 2016, filed 7 Nov 2016.