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 | |
|---|---|---|---|---|---|---|
|
NP
1476
DELISTED
Neenah, Inc. Common Stock
NP
| $2.59M | ﹤0.01% |
28,600
+1,000
| +4% | +$87.7K |
|
1477
Corcept Therapeutics
CORT
$12.3B
| $2.59M | ﹤0.01% |
143,200
+4,500
| +3% | +$81.5K |
|
1478
The Greenbrier Companies
GBX
$1.43B
| $2.58M | ﹤0.01% |
48,500
+1,700
| +4% | +$85.3K |
|
1479
Varex Imaging
VREX
$778M
| $2.58M | ﹤0.01% |
64,340
| – | – |
|
|
AMED
1480
DELISTED
Amedisys
AMED
| $2.58M | ﹤0.01% |
49,000
+1,500
| +3% | +$79K |
|
|
BGC
1481
DELISTED
General Cable Corporation
BGC
| $2.58M | ﹤0.01% |
87,200
+5,900
| +7% | +$139K |
|
|
AIMC
1482
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.58M | ﹤0.01% |
51,200
+2,600
| +5% | +$124K |
|
|
DYN
1483
DELISTED
Dynegy, Inc.
DYN
| $2.58M | ﹤0.01% |
217,750
+10,400
| +5% | +$116K |
|
1484
Boise Cascade
BCC
$2.96B
| $2.57M | ﹤0.01% |
64,300
| – | – |
|
|
KRA
1485
DELISTED
Kraton Corporation
KRA
| $2.56M | ﹤0.01% |
53,200
+2,100
| +4% | +$97.2K |
|
1486
Enviri
NVRI
$615M
| $2.56M | ﹤0.01% |
137,000
+4,600
| +3% | +$88.6K |
|
1487
Papa John's
PZZA
$785M
| $2.55M | ﹤0.01% |
45,500
| – | – |
|
1488
Tenet Healthcare
THC
$20.9B
| $2.55M | ﹤0.01% |
168,300
| – | – |
|
|
BOBE
1489
DELISTED
Bob Evans Farms, Inc.
BOBE
| $2.55M | ﹤0.01% |
32,300
+1,000
| +3% | +$77.6K |
|
1490
PRA Group
PRAA
$714M
| $2.54M | ﹤0.01% |
76,400
| – | – |
|
|
IMMU
1491
DELISTED
Immunomedics Inc
IMMU
| $2.53M | ﹤0.01% |
156,650
| – | – |
|
1492
Enerpac Tool Group
EPAC
$1.89B
| $2.52M | ﹤0.01% |
99,800
| – | – |
|
|
TAHO
1493
DELISTED
Tahoe Resources Inc
TAHO
| $2.52M | ﹤0.01% |
524,201
| – | – |
|
1494
Agree Realty
ADC
$9.22B
| $2.51M | ﹤0.01% |
48,782
+1,600
| +3% | +$79.3K |
|
1495
La-Z-Boy
LZB
$1.66B
| $2.51M | ﹤0.01% |
80,400
| – | – |
|
|
SFLY
1496
DELISTED
Shutterfly, Inc.
SFLY
| $2.51M | ﹤0.01% |
50,400
| – | – |
|
1497
WSFS Financial
WSFS
$4.12B
| $2.5M | ﹤0.01% |
52,300
| – | – |
|
1498
Mercury Insurance
MCY
$5.92B
| $2.5M | ﹤0.01% |
46,800
| – | – |
|
|
CSGS
1499
DELISTED
CSG Systems International
CSGS
| $2.5M | ﹤0.01% |
57,000
+1,800
| +3% | +$77.7K |
|
|
CORE
1500
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.49M | ﹤0.01% |
78,900
+2,700
| +4% | +$86.4K |
|
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.