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 | |
|---|---|---|---|---|---|---|
|
APC
151
DELISTED
Anadarko Petroleum
APC
| $95.3M | 0.15% |
1,504,505
+79,400
| +6% | +$4.43M |
|
152
Hershey
HSY
$36.6B
| $93.6M | 0.15% |
979,226
-33,700
| -3% | -$3.57M |
|
153
Travelers Companies
TRV
$78.7B
| $93M | 0.15% |
812,216
-14,700
| -2% | -$1.72M |
|
154
Applied Materials
AMAT
$420B
| $91.9M | 0.15% |
3,047,122
-122,500
| -4% | -$3.42M |
|
155
Fidelity National Information Services
FIS
$21.9B
| $91.2M | 0.15% |
1,183,713
-10,700
| -0.9% | -$836K |
|
156
Church & Dwight Co
CHD
$24.5B
| $90.6M | 0.15% |
1,890,816
-48,800
| -3% | -$2.41M |
|
157
Boston Scientific
BSX
$73.2B
| $89.4M | 0.14% |
3,754,930
-24,700
| -0.7% | -$589K |
|
158
Ecolab
ECL
$79.6B
| $89.3M | 0.14% |
733,242
-13,500
| -2% | -$1.63M |
|
|
PXD
159
DELISTED
Pioneer Natural Resource Co.
PXD
| $88M | 0.14% |
474,052
-4,800
| -1% | -$817K |
|
160
American Electric Power
AEP
$66.9B
| $87.4M | 0.14% |
1,361,689
-14,600
| -1% | -$982K |
|
161
Rogers Communications
RCI
$18.6B
| $86.5M | 0.14% |
2,037,800
-10,700
| -0.5% | -$459K |
|
162
Regeneron Pharmaceuticals
REGN
$82.7B
| $86.2M | 0.14% |
214,300
-2,100
| -1% | -$842K |
|
163
Air Products & Chemicals
APD
$68.1B
| $85.5M | 0.14% |
614,879
-5,838
| -0.9% | -$810K |
|
164
Exelon
EXC
$46B
| $85M | 0.14% |
3,580,049
-35,190
| -1% | -$884K |
|
165
Eaton
ETN
$174B
| $83.5M | 0.13% |
1,269,978
-16,200
| -1% | -$1.05M |
|
166
WEC Energy
WEC
$34.7B
| $83.4M | 0.13% |
1,392,881
-19,500
| -1% | -$1.22M |
|
167
Aon
AON
$75.6B
| $83M | 0.13% |
737,771
-19,300
| -3% | -$2.13M |
|
|
SE
168
DELISTED
Spectra Energy Corp Wi
SE
| $82.9M | 0.13% |
1,938,115
+55,900
| +3% | +$2.13M |
|
169
Aflac
AFL
$61.5B
| $82.8M | 0.13% |
2,303,190
-51,600
| -2% | -$1.88M |
|
170
O'Reilly Automotive
ORLY
$75.1B
| $81.9M | 0.13% |
4,388,115
-78,000
| -2% | -$1.46M |
|
171
Sysco
SYY
$40.3B
| $81.7M | 0.13% |
1,666,440
-22,700
| -1% | -$1.17M |
|
|
BCR
172
DELISTED
CR Bard Inc.
BCR
| $81.6M | 0.13% |
363,761
-7,400
| -2% | -$1.67M |
|
173
LyondellBasell Industries
LYB
$20B
| $81.3M | 0.13% |
1,008,474
-21,300
| -2% | -$1.65M |
|
174
Constellation Brands
STZ
$22.8B
| $81.3M | 0.13% |
488,516
-4,600
| -0.9% | -$758K |
|
175
CSX Corp
CSX
$93B
| $81M | 0.13% |
7,963,560
-135,900
| -2% | -$1.29M |
|
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.