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 | |
|---|---|---|---|---|---|---|
1576
OSI Systems
OSIS
$3.77B
| $1.79M | ﹤0.01% |
30,800
+500
| +2% | +$27.5K |
|
1577
Rogers Corp
ROG
$2.46B
| $1.79M | ﹤0.01% |
29,300
| – | – |
|
|
RDUS
1578
DELISTED
Radius Health, Inc.
RDUS
| $1.79M | ﹤0.01% |
48,600
+4,000
| +9% | +$141K |
|
|
EXPR
1579
DELISTED
Express, Inc.
EXPR
| $1.78M | ﹤0.01% |
6,145
-100
| -2% | -$33.6K |
|
|
CSH
1580
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $1.78M | ﹤0.01% |
41,800
-2,700
| -6% | -$104K |
|
1581
ICICI Bank
IBN
$106B
| $1.78M | ﹤0.01% |
272,576
-490,513
| -64% | -$3.16M |
|
1582
Wayfair
W
$13.9B
| $1.78M | ﹤0.01% |
45,600
+7,700
| +20% | +$307K |
|
1583
Caleres
CAL
$461M
| $1.77M | ﹤0.01% |
73,000
+3,400
| +5% | +$83.5K |
|
|
NAVG
1584
DELISTED
Navigators Group Inc
NAVG
| $1.77M | ﹤0.01% |
38,400
+3,000
| +8% | +$131K |
|
1585
Universal Electronics
UEIC
$66.6M
| $1.76M | ﹤0.01% |
24,424
+2,124
| +10% | +$139K |
|
|
BPFH
1586
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.76M | ﹤0.01% |
149,800
| – | – |
|
|
LQ
1587
DELISTED
La Quinta Holdings Inc.
LQ
| $1.76M | ﹤0.01% |
154,700
+5,500
| +4% | +$65.6K |
|
|
INOV
1588
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.76M | ﹤0.01% |
97,800
+17,400
| +22% | +$311K |
|
1589
Gran Tierra Energy
GTE
$336M
| $1.76M | ﹤0.01% |
52,080
+2,240
| +4% | +$65K |
|
1590
Axos Financial
AX
$5.72B
| $1.76M | ﹤0.01% |
99,300
+5,400
| +6% | +$101K |
|
|
TGE
1591
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $1.76M | ﹤0.01% |
77,900
-1,900
| -2% | -$40.9K |
|
1592
Mativ Holdings
MATV
$667M
| $1.76M | ﹤0.01% |
49,800
+1,000
| +2% | +$33.7K |
|
1593
Werner Enterprises
WERN
$2.31B
| $1.76M | ﹤0.01% |
76,500
| – | – |
|
|
GIMO
1594
DELISTED
Gigamon Inc.
GIMO
| $1.76M | ﹤0.01% |
47,000
+20,200
| +75% | +$643K |
|
1595
Pegasystems
PEGA
$5.51B
| $1.75M | ﹤0.01% |
130,000
+1,600
| +1% | +$21.1K |
|
|
ABAX
1596
DELISTED
Abaxis Inc
ABAX
| $1.75M | ﹤0.01% |
37,100
+2,400
| +7% | +$109K |
|
|
KAMN
1597
DELISTED
Kaman Corp
KAMN
| $1.75M | ﹤0.01% |
41,100
+600
| +1% | +$25.3K |
|
1598
Badger Meter
BMI
$3.78B
| $1.75M | ﹤0.01% |
47,800
+1,000
| +2% | +$35.8K |
|
1599
Prothena Corp
PRTA
$466M
| $1.75M | ﹤0.01% |
49,900
+900
| +2% | +$39.2K |
|
|
CALD
1600
DELISTED
Callidus Software, Inc.
CALD
| $1.74M | ﹤0.01% |
87,300
| – | – |
|
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.