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 | |
|---|---|---|---|---|---|---|
|
PHH
1826
DELISTED
PHH Corporation
PHH
| $1.25M | ﹤0.01% |
86,700
-3,200
| -4% | -$46.9K |
|
1827
Ethan Allen Interiors
ETD
$583M
| $1.25M | ﹤0.01% |
40,000
-2,100
| -5% | -$71.2K |
|
|
LCI
1828
DELISTED
Lannett Company, Inc.
LCI
| $1.25M | ﹤0.01% |
11,750
-425
| -3% | -$51.9K |
|
|
AIMC
1829
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.24M | ﹤0.01% |
42,900
| – | – |
|
|
CBB
1830
DELISTED
Cincinnati Bell Inc.
CBB
| $1.24M | ﹤0.01% |
60,940
-2,180
| -3% | -$48.5K |
|
1831
Pacific Biosciences
PACB
$361M
| $1.24M | ﹤0.01% |
138,646
| – | – |
|
1832
Planet Fitness
PLNT
$3.68B
| $1.24M | ﹤0.01% |
61,785
+18,700
| +43% | +$385K |
|
1833
Saia
SAIA
$10.1B
| $1.24M | ﹤0.01% |
41,400
-1,500
| -3% | -$43K |
|
1834
Babcock & Wilcox
BW
$1.44B
| $1.24M | ﹤0.01% |
7,500
-440
| -6% | -$70.5K |
|
|
SAVE
1835
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.24M | ﹤0.01% |
29,100
-1,100
| -4% | -$45.6K |
|
1836
LendingTree
TREE
$452M
| $1.24M | ﹤0.01% |
12,750
-1,200
| -9% | -$119K |
|
|
GRP.U
1837
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $1.24M | ﹤0.01% |
40,400
-1,600
| -4% | -$49.7K |
|
1838
Veeco
VECO
$3.31B
| $1.24M | ﹤0.01% |
62,900
-3,700
| -6% | -$69.7K |
|
1839
Usana Health Sciences
USNA
$253M
| $1.23M | ﹤0.01% |
17,800
-1,600
| -8% | -$106K |
|
1840
ICF International
ICFI
$1.58B
| $1.23M | ﹤0.01% |
27,700
+100
| +0.4% | +$4.19K |
|
1841
Flotek Industries
FTK
$1.29B
| $1.23M | ﹤0.01% |
14,050
-1,767
| -11% | -$153K |
|
|
WEB
1842
DELISTED
Web.com Group, Inc.
WEB
| $1.23M | ﹤0.01% |
71,000
| – | – |
|
|
ESND
1843
DELISTED
Essendant Inc.
ESND
| $1.22M | ﹤0.01% |
59,600
-2,300
| -4% | -$50.7K |
|
1844
Quad
QUAD
$503M
| $1.22M | ﹤0.01% |
45,700
-1,900
| -4% | -$50.4K |
|
|
CBF
1845
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $1.22M | ﹤0.01% |
38,000
-1,800
| -5% | -$54.5K |
|
|
PRFT
1846
DELISTED
Perficient Inc
PRFT
| $1.22M | ﹤0.01% |
60,400
-1,800
| -3% | -$37K |
|
|
CKEC
1847
DELISTED
Carmike Cinemas Inc
CKEC
| $1.22M | ﹤0.01% |
37,220
-2,600
| -7% | -$81.9K |
|
|
NFBK
1848
DELISTED
Northfield Bancorp
NFBK
| $1.22M | ﹤0.01% |
75,500
-5,000
| -6% | -$77.5K |
|
|
HIFR
1849
DELISTED
InfraREIT, Inc.
HIFR
| $1.22M | ﹤0.01% |
67,000
-2,300
| -3% | -$41.5K |
|
|
IPHS
1850
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.21M | ﹤0.01% |
31,100
-1,000
| -3% | -$41.1K |
|
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.