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 | |
|---|---|---|---|---|---|---|
1476
Forward Air
FWRD
$682M
| $2.08M | ﹤0.01% |
48,100
-1,500
| -3% | -$68.1K |
|
1477
TransAlta
TAC
$3.99B
| $2.08M | ﹤0.01% |
467,800
-12,200
| -3% | -$56.9K |
|
1478
Cooper-Standard Automotive
CPS
$484M
| $2.08M | ﹤0.01% |
21,000
-700
| -3% | -$65.9K |
|
1479
Axos Financial
AX
$5.72B
| $2.07M | ﹤0.01% |
92,600
-6,700
| -7% | -$130K |
|
|
SONC
1480
DELISTED
Sonic Corp
SONC
| $2.07M | ﹤0.01% |
79,200
-6,300
| -7% | -$173K |
|
|
FSP
1481
Franklin Street Properties
FSP
$46.4M
| $2.07M | ﹤0.01% |
164,163
+8,800
| +6% | +$111K |
|
1482
Huron Consulting
HURN
$2.47B
| $2.07M | ﹤0.01% |
34,600
-1,000
| -3% | -$61.8K |
|
|
NGHC
1483
DELISTED
National General Holdings Corp
NGHC
| $2.07M | ﹤0.01% |
92,922
-5,400
| -5% | -$118K |
|
|
ARI
1484
Apollo Commercial Real Estate
ARI
$886M
| $2.06M | ﹤0.01% |
130,539
+22,799
| +21% | +$375K |
|
|
AMED
1485
DELISTED
Amedisys
AMED
| $2.06M | ﹤0.01% |
43,500
-3,200
| -7% | -$160K |
|
|
SRCI
1486
DELISTED
SRC Energy Inc
SRCI
| $2.06M | ﹤0.01% |
297,828
-11,200
| -4% | -$74K |
|
1487
HubSpot
HUBS
$12B
| $2.06M | ﹤0.01% |
35,800
-1,300
| -4% | -$70.5K |
|
|
NTUS
1488
DELISTED
Natus Medical Inc
NTUS
| $2.06M | ﹤0.01% |
52,500
-1,600
| -3% | -$63.8K |
|
|
MGLN
1489
DELISTED
Magellan Health Services, Inc.
MGLN
| $2.06M | ﹤0.01% |
38,400
-1,400
| -4% | -$84.4K |
|
|
VG
1490
DELISTED
Vonage Holdings Corporation
VG
| $2.06M | ﹤0.01% |
312,000
-12,300
| -4% | -$73.9K |
|
1491
Dine Brands
DIN
$440M
| $2.06M | ﹤0.01% |
26,000
-1,200
| -4% | -$95.3K |
|
|
INFN
1492
DELISTED
Infinera Corporation Common Stock
INFN
| $2.06M | ﹤0.01% |
227,800
-8,500
| -4% | -$82.2K |
|
|
FCB
1493
DELISTED
FCB Financial Holdings, Inc.
FCB
| $2.06M | ﹤0.01% |
53,500
-1,900
| -3% | -$70.1K |
|
1494
Ollie's Bargain Outlet
OLLI
$4.7B
| $2.06M | ﹤0.01% |
78,400
+27,000
| +53% | +$704K |
|
1495
Cleveland-Cliffs
CLF
$6.93B
| $2.05M | ﹤0.01% |
350,900
+76,000
| +28% | +$496K |
|
|
QUNR
1496
DELISTED
Qunar Cayman Islands Limited
QUNR
| $2.05M | ﹤0.01% |
70,760
| – | – |
|
|
GCI
1497
DELISTED
Gannett Co., Inc
GCI
| $2.05M | ﹤0.01% |
176,408
-6,200
| -3% | -$77.2K |
|
1498
Pacira BioSciences
PCRX
$924M
| $2.05M | ﹤0.01% |
59,800
-2,100
| -3% | -$82.3K |
|
|
PTLA
1499
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $2.04M | ﹤0.01% |
89,957
-2,100
| -2% | -$49.3K |
|
|
DYN
1500
DELISTED
Dynegy, Inc.
DYN
| $2.04M | ﹤0.01% |
164,750
-5,600
| -3% | -$79.4K |
|
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.