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 |
Apple
AAPL
|
+$106M |
| 2 |
NXP Semiconductors
NXPI
|
+$93.6M |
| 3 |
Alibaba
BABA
|
+$90M |
| 4 |
ExxonMobil
XOM
|
+$83.7M |
| 5 |
Charter Communications
CHTR
|
+$82.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$162M |
| 2 |
B
Barrick Mining
B
|
+$156M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$144M |
| 4 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$65.4M |
| 5 |
SNDK
SANDISK CORP
SNDK
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.13% |
| 2 | Technology | 14.52% |
| 3 | Consumer Staples | 10.68% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Industrials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Netflix
NFLX
$309B
| $110M | 0.18% |
12,000,250
+1,452,000
| +14% | +$13.9M |
|
127
Equity Residential
EQR
$25.1B
| $110M | 0.18% |
1,593,320
+72,900
| +5% | +$5.02M |
|
128
Xcel Energy
XEL
$48.8B
| $109M | 0.18% |
2,437,983
+96,700
| +4% | +$4M |
|
|
FISV
129
Fiserv Inc
FISV
$27.9B
| $109M | 0.18% |
2,007,944
+56,800
| +3% | +$2.92M |
|
130
Halliburton
HAL
$26.6B
| $109M | 0.18% |
2,405,897
+182,400
| +8% | +$7.5M |
|
131
Ventas
VTR
$47.9B
| $107M | 0.17% |
1,471,380
+62,100
| +4% | +$4.09M |
|
132
Northrop Grumman
NOC
$81.2B
| $107M | 0.17% |
481,884
+31,900
| +7% | +$6.71M |
|
133
Phillips 66
PSX
$81.4B
| $106M | 0.17% |
1,330,514
-55,300
| -4% | -$4.52M |
|
134
Canadian Pacific Kansas City
CP
$80.5B
| $105M | 0.17% |
4,112,500
+144,000
| +4% | +$3.89M |
|
135
MetLife
MET
$62.1B
| $104M | 0.17% |
2,931,714
+177,388
| +6% | +$6.92M |
|
136
Elevance Health
ELV
$85.5B
| $104M | 0.17% |
788,741
+68,800
| +10% | +$9.41M |
|
137
Baidu
BIDU
$37.2B
| $103M | 0.17% |
625,898
+319,775
| +104% | +$56.2M |
|
|
K
138
DELISTED
Kellanova
K
| $102M | 0.17% |
1,335,072
+70,609
| +6% | +$5.07M |
|
|
PX
139
DELISTED
Praxair Inc
PX
| $101M | 0.16% |
900,767
+57,600
| +7% | +$6.53M |
|
|
MRSH
140
Marsh
MRSH
$91.5B
| $100M | 0.16% |
1,460,963
+105,400
| +8% | +$6.77M |
|
141
Church & Dwight Co
CHD
$24.5B
| $99.8M | 0.16% |
1,939,616
+36,800
| +2% | +$1.78M |
|
142
Kinder Morgan
KMI
$68.7B
| $99.5M | 0.16% |
5,316,869
+389,000
| +8% | +$6.93M |
|
143
Travelers Companies
TRV
$80.2B
| $98.4M | 0.16% |
826,916
+36,600
| +5% | +$4.14M |
|
144
Cognizant
CTSH
$26B
| $97.7M | 0.16% |
1,707,330
+127,600
| +8% | +$7.71M |
|
145
Cigna
CI
$74.6B
| $96.5M | 0.16% |
753,874
+84,600
| +13% | +$11.2M |
|
146
American Electric Power
AEP
$68.4B
| $96.5M | 0.16% |
1,376,289
+101,100
| +8% | +$6.62M |
|
147
Illinois Tool Works
ITW
$84.5B
| $95.6M | 0.15% |
917,706
+67,700
| +8% | +$7.09M |
|
148
Kroger
KR
$34.8B
| $95.5M | 0.15% |
2,595,596
+193,100
| +8% | +$6.95M |
|
149
Yum! Brands
YUM
$41.1B
| $95M | 0.15% |
1,593,385
+35,053
| +2% | +$2.07M |
|
150
Dollar General
DG
$27.9B
| $94.8M | 0.15% |
1,008,925
+48,300
| +5% | +$4.16M |
|
Similar funds
Swiss National Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Swiss National Bank held 2,670 positions worth $61.8B, up 13% from $54.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $3.47B of net new capital in Q2 2016, opening 59 new positions and adding to 1,417 existing holdings. Its largest new stake was Under Armour Class C: 522,612 shares worth $19M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 15% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was Kimberly-Clark, an estimated $19.6M trimmed.
- Swiss National Bank's largest Q2 2016 buy was Under Armour Class C: 522,612 shares worth $19M.
- Swiss National Bank added most to Apple in Q2 2016, an estimated $106M increase.
- Swiss National Bank's biggest Q2 2016 reduction was Kimberly-Clark, cutting an estimated $19.6M.
- Swiss National Bank fully exited Brookfield in Q2 2016, selling an estimated $162M.
- Swiss National Bank's ten largest holdings make up 15% of its $61.8B portfolio in Q2 2016.
- Swiss National Bank opened 59 new positions and closed 89 in Q2 2016.
- Swiss National Bank's portfolio value rose 13% quarter-over-quarter to $61.8B.
Based on Swiss National Bank's 13F filing for Q2 2016, filed 3 Aug 2016.