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 | |
|---|---|---|---|---|---|---|
1851
Banner Corp
BANR
$2.5B
| $1.21M | ﹤0.01% |
27,700
-2,800
| -9% | -$121K |
|
|
SAND
1852
DELISTED
Sandstorm Gold
SAND
| $1.21M | ﹤0.01% |
239,662
+32,682
| +16% | +$183K |
|
1853
Coca-Cola Consolidated
COKE
$12.6B
| $1.21M | ﹤0.01% |
81,650
+3,000
| +4% | +$44.4K |
|
1854
Tootsie Roll Industries
TR
$3.01B
| $1.2M | ﹤0.01% |
43,839
-1,478
| -3% | -$41.3K |
|
1855
Helios Technologies
HLIO
$2.67B
| $1.2M | ﹤0.01% |
37,100
| – | – |
|
1856
Travere Therapeutics
TVTX
$5.79B
| $1.2M | ﹤0.01% |
53,400
-2,800
| -5% | -$53.3K |
|
|
PNK
1857
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.19M | ﹤0.01% |
96,500
| – | – |
|
|
BGC
1858
DELISTED
General Cable Corporation
BGC
| $1.19M | ﹤0.01% |
79,100
-2,900
| -4% | -$42.6K |
|
|
WWE
1859
DELISTED
World Wrestling Entertainment
WWE
| $1.18M | ﹤0.01% |
55,600
-1,900
| -3% | -$38.4K |
|
1860
City Holding Co
CHCO
$2.08B
| $1.18M | ﹤0.01% |
23,500
-1,400
| -6% | -$67.7K |
|
|
DERM
1861
DELISTED
Dermira, Inc.
DERM
| $1.18M | ﹤0.01% |
34,900
+100
| +0.3% | +$3.22K |
|
|
MACK
1862
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.18M | ﹤0.01% |
23,590
| – | – |
|
|
TIER
1863
DELISTED
TIER REIT, Inc.
TIER
| $1.18M | ﹤0.01% |
76,214
-2,900
| -4% | -$47.5K |
|
1864
Walker & Dunlop
WD
$1.47B
| $1.18M | ﹤0.01% |
46,500
-1,700
| -4% | -$43.2K |
|
1865
RE/MAX Holdings
RMAX
$266M
| $1.17M | ﹤0.01% |
26,800
-1,000
| -4% | -$42.3K |
|
1866
BJ's Restaurants
BJRI
$1.42B
| $1.17M | ﹤0.01% |
32,900
-1,200
| -4% | -$48.3K |
|
|
MTSC
1867
DELISTED
MTS Systems Corp
MTSC
| $1.17M | ﹤0.01% |
25,400
| – | – |
|
1868
SiriusPoint
SPNT
$2.71B
| $1.16M | ﹤0.01% |
97,000
-3,400
| -3% | -$42.3K |
|
|
AVX
1869
DELISTED
AVX Corporation
AVX
| $1.16M | ﹤0.01% |
84,400
-3,000
| -3% | -$40.9K |
|
|
CLDT
1870
Chatham Lodging
CLDT
$602M
| $1.16M | ﹤0.01% |
60,400
-2,300
| -4% | -$49.5K |
|
1871
Rush Enterprises Class A
RUSHA
$9.66B
| $1.16M | ﹤0.01% |
106,875
-4,050
| -4% | -$41.6K |
|
|
CSII
1872
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.16M | ﹤0.01% |
48,900
-2,000
| -4% | -$43.8K |
|
|
WIRE
1873
DELISTED
Encore Wire Corp
WIRE
| $1.16M | ﹤0.01% |
31,533
-1,200
| -4% | -$45.9K |
|
1874
Banc of California
BANC
$3.12B
| $1.16M | ﹤0.01% |
66,300
-2,500
| -4% | -$51.9K |
|
1875
ATN International
ATNI
$494M
| $1.15M | ﹤0.01% |
17,700
-600
| -3% | -$42.3K |
|
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.