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 | |
|---|---|---|---|---|---|---|
|
ININ
1601
DELISTED
Interactive Intelligence Group, inc.
ININ
| $1.75M | ﹤0.01% |
29,046
+2,546
| +10% | +$138K |
|
|
KRA
1602
DELISTED
Kraton Corporation
KRA
| $1.75M | ﹤0.01% |
49,800
-1,300
| -3% | -$41.6K |
|
|
CUB
1603
DELISTED
Cubic Corporation
CUB
| $1.74M | ﹤0.01% |
37,200
+100
| +0.3% | +$4.44K |
|
|
KCG
1604
DELISTED
KCG Holdings, Inc.
KCG
| $1.74M | ﹤0.01% |
112,099
-10,500
| -9% | -$152K |
|
1605
Sturm, Ruger & Co
RGR
$601M
| $1.74M | ﹤0.01% |
30,100
-1,100
| -4% | -$69.6K |
|
|
KAMN
1606
DELISTED
Kaman Corp
KAMN
| $1.74M | ﹤0.01% |
39,600
-1,500
| -4% | -$65.6K |
|
|
MAG
1607
DELISTED
MAG Silver
MAG
| $1.74M | ﹤0.01% |
115,300
-1,800
| -2% | -$28.4K |
|
|
ARRY
1608
DELISTED
Array Biopharma Inc
ARRY
| $1.73M | ﹤0.01% |
255,700
+44,000
| +21% | +$170K |
|
1609
Astec Industries
ASTE
$975M
| $1.72M | ﹤0.01% |
28,800
-1,000
| -3% | -$58.1K |
|
1610
Werner Enterprises
WERN
$2.31B
| $1.72M | ﹤0.01% |
74,100
-2,400
| -3% | -$57K |
|
1611
Rogers Corp
ROG
$2.46B
| $1.72M | ﹤0.01% |
28,200
-1,100
| -4% | -$66.8K |
|
|
BNCN
1612
DELISTED
BNC Bancorp
BNCN
| $1.72M | ﹤0.01% |
70,800
+400
| +0.6% | +$9.63K |
|
|
SPTN
1613
DELISTED
SpartanNash
SPTN
| $1.72M | ﹤0.01% |
59,480
-2,400
| -4% | -$73.9K |
|
|
SYKE
1614
DELISTED
SYKES Enterprises Inc
SYKE
| $1.72M | ﹤0.01% |
61,123
-1,900
| -3% | -$56.4K |
|
|
ALOG
1615
DELISTED
Analogic Corp
ALOG
| $1.72M | ﹤0.01% |
19,400
-100
| -0.5% | -$8.67K |
|
1616
Clearway Energy Class C
CWEN
$7.02B
| $1.72M | ﹤0.01% |
101,250
-3,900
| -4% | -$67K |
|
1617
Interface
TILE
$2.24B
| $1.72M | ﹤0.01% |
102,900
-4,500
| -4% | -$75.2K |
|
|
SPNC
1618
DELISTED
Spectranetics Corp
SPNC
| $1.71M | ﹤0.01% |
68,300
-2,500
| -4% | -$58.3K |
|
|
NAV
1619
DELISTED
Navistar International
NAV
| $1.71M | ﹤0.01% |
74,800
-2,600
| -3% | -$39.6K |
|
1620
Evertec
EVTC
$1.91B
| $1.7M | ﹤0.01% |
101,574
-4,600
| -4% | -$76.9K |
|
1621
Fortuna Silver Mines
FSM
$3.1B
| $1.7M | ﹤0.01% |
234,300
+5,900
| +3% | +$49.1K |
|
|
FOE
1622
DELISTED
Ferro Corporation
FOE
| $1.7M | ﹤0.01% |
123,000
-4,200
| -3% | -$55.5K |
|
1623
Tennant Co
TNC
$1.15B
| $1.69M | ﹤0.01% |
26,100
-1,200
| -4% | -$74.3K |
|
1624
Acco Brands
ACCO
$399M
| $1.69M | ﹤0.01% |
174,800
-6,100
| -3% | -$62.7K |
|
|
PMT
1625
PennyMac Mortgage Investment
PMT
$828M
| $1.68M | ﹤0.01% |
108,100
-8,800
| -8% | -$137K |
|
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.