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 | |
|---|---|---|---|---|---|---|
|
EPAY
1701
DELISTED
Bottomline Technologies Inc
EPAY
| $1.5M | ﹤0.01% |
64,200
-2,300
| -3% | -$50.4K |
|
|
TLN
1702
DELISTED
Talen Energy Corporation
TLN
| $1.5M | ﹤0.01% |
108,076
-4,000
| -4% | -$54.9K |
|
|
SNR
1703
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.5M | ﹤0.01% |
129,516
-4,700
| -4% | -$55.5K |
|
1704
First Commonwealth Financial
FCF
$2.19B
| $1.49M | ﹤0.01% |
148,000
-9,500
| -6% | -$93.2K |
|
1705
Hudbay
HBM
$11.8B
| $1.49M | ﹤0.01% |
377,200
-14,800
| -4% | -$66.8K |
|
1706
United Fire Group
UFCS
$1.38B
| $1.49M | ﹤0.01% |
35,200
-1,200
| -3% | -$51.1K |
|
1707
United Parks & Resorts
PRKS
$2.04B
| $1.49M | ﹤0.01% |
110,200
-3,300
| -3% | -$45.2K |
|
1708
Super Micro Computer
SMCI
$25.3B
| $1.48M | ﹤0.01% |
635,000
-31,000
| -5% | -$69K |
|
|
AJRD
1709
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.48M | ﹤0.01% |
84,400
-2,500
| -3% | -$45.3K |
|
1710
MiMedx Group
MDXG
$612M
| $1.48M | ﹤0.01% |
172,700
| – | – |
|
1711
E.W. Scripps
SSP
$310M
| $1.48M | ﹤0.01% |
93,116
-6,900
| -7% | -$115K |
|
|
QUOT
1712
DELISTED
Quotient Technology Inc
QUOT
| $1.48M | ﹤0.01% |
111,300
-15,100
| -12% | -$201K |
|
1713
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $1.48M | ﹤0.01% |
63,334
+5,500
| +10% | +$127K |
|
|
ACHN
1714
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.48M | ﹤0.01% |
182,400
-6,700
| -4% | -$57K |
|
|
KND
1715
DELISTED
Kindred Healthcare
KND
| $1.48M | ﹤0.01% |
144,357
| – | – |
|
|
CEMP
1716
DELISTED
Cempra, Inc.
CEMP
| $1.48M | ﹤0.01% |
60,930
-2,300
| -4% | -$49.5K |
|
1717
Etsy
ETSY
$7.4B
| $1.47M | ﹤0.01% |
103,000
-12,500
| -11% | -$158K |
|
|
CMO
1718
DELISTED
Capstead Mortgage Corp.
CMO
| $1.47M | ﹤0.01% |
156,000
-5,900
| -4% | -$58.8K |
|
1719
Inogen
INGN
$154M
| $1.47M | ﹤0.01% |
24,500
-700
| -3% | -$39K |
|
1720
The Ensign Group
ENSG
$10.6B
| $1.47M | ﹤0.01% |
77,930
-4,276
| -5% | -$81.2K |
|
1721
Kulicke & Soffa
KLIC
$5.01B
| $1.47M | ﹤0.01% |
113,400
-5,200
| -4% | -$65.2K |
|
|
IPCC
1722
DELISTED
Infinity Property & Casualty C
IPCC
| $1.46M | ﹤0.01% |
17,700
-800
| -4% | -$66.1K |
|
|
GES
1723
DELISTED
Guess Inc
GES
| $1.46M | ﹤0.01% |
100,100
-4,700
| -4% | -$71.2K |
|
|
PWE
1724
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $1.46M | ﹤0.01% |
812,700
+26,900
| +3% | +$41.7K |
|
1725
TriNet
TNET
$3.22B
| $1.45M | ﹤0.01% |
67,200
-2,100
| -3% | -$44.7K |
|
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.