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 |
Apple
AAPL
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
SiriusPoint
SPNT
$2.7B
| $1.08M | ﹤0.01% |
98,000
+26,400
| +37% | +$299K |
|
|
MAG
1852
DELISTED
MAG Silver
MAG
| $1.07M | ﹤0.01% |
117,100
+35,300
| +43% | +$270K |
|
|
ADPT
1853
DELISTED
Adeptus Health Inc
ADPT
| $1.07M | ﹤0.01% |
20,050
+4,450
| +29% | +$230K |
|
1854
Greenlight Captial
GLRE
$512M
| $1.07M | ﹤0.01% |
51,000
+9,300
| +22% | +$185K |
|
|
RESI
1855
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.07M | ﹤0.01% |
92,600
+16,900
| +22% | +$179K |
|
1856
Safety Insurance
SAFT
$1.52B
| $1.07M | ﹤0.01% |
19,500
+3,800
| +24% | +$212K |
|
|
PMC
1857
DELISTED
PharMerica Corporation
PMC
| $1.07M | ﹤0.01% |
50,200
+12,500
| +33% | +$333K |
|
|
LABL
1858
DELISTED
Multi-Color Corp
LABL
| $1.07M | ﹤0.01% |
20,800
+4,000
| +24% | +$213K |
|
|
FFG
1859
DELISTED
FBL Financial Group
FFG
| $1.07M | ﹤0.01% |
18,000
+3,300
| +22% | +$194K |
|
|
KCG
1860
DELISTED
KCG Holdings, Inc.
KCG
| $1.07M | ﹤0.01% |
91,999
+13,700
| +17% | +$152K |
|
|
CIR
1861
DELISTED
CIRCOR International, Inc
CIR
| $1.07M | ﹤0.01% |
23,800
+4,200
| +21% | +$163K |
|
|
NSU
1862
DELISTED
Nevsun Resources Ltd.
NSU
| $1.06M | ﹤0.01% |
338,300
+68,600
| +25% | +$205K |
|
1863
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $1.06M | ﹤0.01% |
57,400
+12,600
| +28% | +$226K |
|
1864
Photronics
PLAB
$1.97B
| $1.06M | ﹤0.01% |
105,900
+20,200
| +24% | +$218K |
|
|
AVX
1865
DELISTED
AVX Corporation
AVX
| $1.06M | ﹤0.01% |
87,400
+15,300
| +21% | +$178K |
|
|
MNR
1866
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.06M | ﹤0.01% |
92,400
+19,400
| +27% | +$209K |
|
|
BRS
1867
DELISTED
Bristow Group, Inc.
BRS
| $1.06M | ﹤0.01% |
58,000
+10,600
| +22% | +$196K |
|
|
XXIA
1868
DELISTED
Ixia
XXIA
| $1.05M | ﹤0.01% |
87,800
+17,000
| +24% | +$180K |
|
1869
Mercury Systems
MRCY
$6.59B
| $1.05M | ﹤0.01% |
53,500
+10,500
| +24% | +$184K |
|
1870
AeroVironment
AVAV
$9.59B
| $1.05M | ﹤0.01% |
38,100
+6,400
| +20% | +$167K |
|
|
CEMP
1871
DELISTED
Cempra, Inc.
CEMP
| $1.04M | ﹤0.01% |
61,730
+19,800
| +47% | +$359K |
|
1872
Expro Ltd
XPRO
$2.1B
| $1.04M | ﹤0.01% |
10,867
+1,950
| +22% | +$170K |
|
1873
National Bank Holdings
NBHC
$1.94B
| $1.04M | ﹤0.01% |
52,600
+9,200
| +21% | +$182K |
|
1874
Regis Corp
RGS
$70.1M
| $1.03M | ﹤0.01% |
3,515
+350
| +11% | +$101K |
|
1875
Iridium Communications
IRDM
$5.27B
| $1.03M | ﹤0.01% |
135,700
+24,400
| +22% | +$175K |
|
Similar funds
Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.