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 | |
|---|---|---|---|---|---|---|
1776
Federal Signal
FSS
$7.51B
| $1.35M | ﹤0.01% |
101,700
-6,400
| -6% | -$84.1K |
|
|
UHT
1777
Universal Health Realty Income Trust
UHT
$573M
| $1.35M | ﹤0.01% |
21,400
-700
| -3% | -$42.2K |
|
|
KLDX
1778
DELISTED
KLONDEX MINES LTD
KLDX
| $1.35M | ﹤0.01% |
234,581
| – | – |
|
|
VASC
1779
DELISTED
Vascular Solutions Inc
VASC
| $1.35M | ﹤0.01% |
27,963
-1,000
| -3% | -$46.6K |
|
|
WAIR
1780
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.35M | ﹤0.01% |
100,400
-3,100
| -3% | -$42K |
|
1781
McEwen Inc
MUX
$1.14B
| $1.35M | ﹤0.01% |
36,693
-3,040
| -8% | -$125K |
|
|
OPB
1782
DELISTED
Opus Bank Common Stock
OPB
| $1.35M | ﹤0.01% |
38,092
+7,900
| +26% | +$270K |
|
1783
Helix Energy Solutions
HLX
$1.49B
| $1.35M | ﹤0.01% |
165,500
| – | – |
|
|
SAAS
1784
DELISTED
inContact, Inc.
SAAS
| $1.35M | ﹤0.01% |
96,300
-7,400
| -7% | -$103K |
|
|
SHLM
1785
DELISTED
Schulman (A.) Inc
SHLM
| $1.34M | ﹤0.01% |
46,200
-1,700
| -4% | -$45.8K |
|
|
BBT
1786
Beacon Financial Corp
BBT
$2.71B
| $1.34M | ﹤0.01% |
48,500
-1,800
| -4% | -$49.1K |
|
|
GAU
1787
Galiano Gold
GAU
$547M
| $1.34M | ﹤0.01% |
320,300
+2,400
| +0.8% | +$10.1K |
|
|
EXPR
1788
DELISTED
Express, Inc.
EXPR
| $1.34M | ﹤0.01% |
5,685
-460
| -7% | -$125K |
|
1789
Insmed
INSM
$27.6B
| $1.34M | ﹤0.01% |
92,300
-3,500
| -4% | -$43.8K |
|
1790
Primoris Services
PRIM
$4.35B
| $1.33M | ﹤0.01% |
64,500
-2,500
| -4% | -$47.2K |
|
1791
Piper Sandler
PIPR
$5.54B
| $1.33M | ﹤0.01% |
110,000
| – | – |
|
|
AMAG
1792
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.33M | ﹤0.01% |
54,157
-2,000
| -4% | -$50K |
|
|
OSG
1793
Octave Specialty Group
OSG
$212M
| $1.33M | ﹤0.01% |
72,100
-2,600
| -3% | -$46.7K |
|
|
ARR
1794
Armour Residential REIT
ARR
$2.37B
| $1.33M | ﹤0.01% |
11,762
-420
| -3% | -$45.8K |
|
|
BGG
1795
DELISTED
Briggs & Stratton Corp.
BGG
| $1.32M | ﹤0.01% |
71,000
-2,900
| -4% | -$59.8K |
|
1796
Orthofix Medical
OFIX
$415M
| $1.32M | ﹤0.01% |
30,900
-2,000
| -6% | -$89.3K |
|
|
MTGE
1797
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $1.32M | ﹤0.01% |
76,600
-9,300
| -11% | -$157K |
|
|
BFS
1798
Saul Centers
BFS
$865M
| $1.31M | ﹤0.01% |
19,683
+100
| +0.5% | +$6.58K |
|
1799
Lattice Semiconductor
LSCC
$18.2B
| $1.31M | ﹤0.01% |
201,800
| – | – |
|
|
RAVN
1800
DELISTED
Raven Industries Inc
RAVN
| $1.31M | ﹤0.01% |
56,900
-3,200
| -5% | -$69K |
|
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.