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 | |
|---|---|---|---|---|---|---|
1876
Banc of California
BANC
$3.11B
| $1.03M | ﹤0.01% |
61,000
+16,200
| +36% | +$244K |
|
|
GTLS
1877
DELISTED
Chart Industries
GTLS
| $1.03M | ﹤0.01% |
49,100
+9,200
| +23% | +$164K |
|
1878
Southside Bancshares
SBSI
$984M
| $1.03M | ﹤0.01% |
43,745
+7,426
| +20% | +$162K |
|
|
EIGI
1879
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.02M | ﹤0.01% |
100,900
+22,300
| +28% | +$220K |
|
|
SAGE
1880
DELISTED
Sage Therapeutics
SAGE
| $1.02M | ﹤0.01% |
33,100
+15,600
| +89% | +$549K |
|
1881
Etsy
ETSY
$7.4B
| $1.02M | ﹤0.01% |
121,100
+20,400
| +20% | +$163K |
|
|
DEL
1882
DELISTED
Deltic Timber
DEL
| $1.02M | ﹤0.01% |
17,600
+3,300
| +23% | +$186K |
|
|
MFRM
1883
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $1.02M | ﹤0.01% |
24,980
+4,800
| +24% | +$195K |
|
1884
Central Pacific Financial
CPF
$1B
| $1.02M | ﹤0.01% |
48,600
+9,400
| +24% | +$191K |
|
|
SASR
1885
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.02M | ﹤0.01% |
38,035
+12,235
| +47% | +$324K |
|
|
WWE
1886
DELISTED
World Wrestling Entertainment
WWE
| $1.02M | ﹤0.01% |
59,500
+12,100
| +26% | +$206K |
|
|
UNVR
1887
DELISTED
Univar Solutions Inc.
UNVR
| $1.01M | ﹤0.01% |
61,000
+10,400
| +21% | +$152K |
|
1888
US Physical Therapy
USPH
$1.24B
| $1.01M | ﹤0.01% |
21,000
+3,700
| +21% | +$184K |
|
1889
Paylocity
PCTY
$8.1B
| $1.01M | ﹤0.01% |
31,950
+6,200
| +24% | +$193K |
|
1890
Anika Therapeutics
ANIK
$283M
| $1M | ﹤0.01% |
23,300
+4,400
| +23% | +$178K |
|
|
CAMP
1891
DELISTED
CalAmp Corp.
CAMP
| $1M | ﹤0.01% |
2,526
+483
| +24% | +$198K |
|
|
TIER
1892
DELISTED
TIER REIT, Inc.
TIER
| $1M | ﹤0.01% |
77,214
+14,400
| +23% | +$203K |
|
|
MNTA
1893
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $995K | ﹤0.01% |
111,400
+19,900
| +22% | +$214K |
|
1894
Encore Capital Group
ECPG
$2.15B
| $994K | ﹤0.01% |
40,000
+7,300
| +22% | +$168K |
|
1895
Winnebago Industries
WGO
$921M
| $994K | ﹤0.01% |
45,800
+8,200
| +22% | +$155K |
|
1896
Amkor Technology
AMKR
$14.3B
| $991K | ﹤0.01% |
174,200
+32,400
| +23% | +$176K |
|
1897
Resources Connection
RGP
$145M
| $991K | ﹤0.01% |
65,800
+11,200
| +21% | +$163K |
|
|
IPHS
1898
DELISTED
Innophos Holdings, Inc.
IPHS
| $990K | ﹤0.01% |
33,200
+5,800
| +21% | +$160K |
|
|
NAV
1899
DELISTED
Navistar International
NAV
| $987K | ﹤0.01% |
81,600
+14,900
| +22% | +$136K |
|
1900
Astronics
ATRO
$4.57B
| $984K | ﹤0.01% |
42,532
+4,920
| +13% | +$104K |
|
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.