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 | |
|---|---|---|---|---|---|---|
|
CSR
1876
Centerspace
CSR
$924M
| $1.15M | ﹤0.01% |
19,290
-1,250
| -6% | -$79.6K |
|
1877
Gray Television
GTN
$494M
| $1.15M | ﹤0.01% |
110,800
-4,000
| -3% | -$43.6K |
|
|
TLRD
1878
DELISTED
Tailored Brands, Inc.
TLRD
| $1.15M | ﹤0.01% |
73,100
| – | – |
|
|
VRTU
1879
DELISTED
Virtusa Corporation
VRTU
| $1.15M | ﹤0.01% |
46,400
| – | – |
|
|
DEL
1880
DELISTED
Deltic Timber
DEL
| $1.15M | ﹤0.01% |
16,900
-700
| -4% | -$48.6K |
|
|
RPTP
1881
DELISTED
RAPTOR PHARMACEUTICAL CORP COM STK (DE)
RPTP
| $1.15M | ﹤0.01% |
127,700
-4,900
| -4% | -$34.8K |
|
|
FFG
1882
DELISTED
FBL Financial Group
FFG
| $1.14M | ﹤0.01% |
17,800
-600
| -3% | -$37.9K |
|
1883
Stock Yards Bancorp
SYBT
$2.6B
| $1.14M | ﹤0.01% |
34,523
| – | – |
|
1884
Q2 Holdings
QTWO
$3.87B
| $1.14M | ﹤0.01% |
39,600
-1,300
| -3% | -$36.5K |
|
1885
HealthStream
HSTM
$822M
| $1.13M | ﹤0.01% |
41,100
-1,400
| -3% | -$36.2K |
|
|
TERP
1886
DELISTED
TerraForm Power, Inc
TERP
| $1.13M | ﹤0.01% |
81,550
| – | – |
|
|
XXIA
1887
DELISTED
Ixia
XXIA
| $1.13M | ﹤0.01% |
90,700
| – | – |
|
1888
National Bank Holdings
NBHC
$1.93B
| $1.13M | ﹤0.01% |
48,300
-2,500
| -5% | -$55.3K |
|
|
MITL
1889
DELISTED
Mitel Networks Corporation
MITL
| $1.13M | ﹤0.01% |
153,100
-5,100
| -3% | -$37.5K |
|
1890
Match Group
MTCH
$8.39B
| $1.12M | ﹤0.01% |
63,200
| – | – |
|
|
HTO
1891
H2O America
HTO
$2.6B
| $1.12M | ﹤0.01% |
25,700
-1,000
| -4% | -$41.6K |
|
1892
StoneX
SNEX
$8.14B
| $1.12M | ﹤0.01% |
146,306
-19,238
| -12% | -$127K |
|
1893
Buckle
BKE
$2.34B
| $1.12M | ﹤0.01% |
46,700
| – | – |
|
|
BOBE
1894
DELISTED
Bob Evans Farms, Inc.
BOBE
| $1.12M | ﹤0.01% |
29,300
-3,900
| -12% | -$147K |
|
1895
Photronics
PLAB
$1.96B
| $1.12M | ﹤0.01% |
108,700
| – | – |
|
|
GTT
1896
DELISTED
GTT Communications, Inc.
GTT
| $1.12M | ﹤0.01% |
47,600
-2,600
| -5% | -$54.9K |
|
|
HA
1897
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.12M | ﹤0.01% |
23,009
-1,200
| -5% | -$54.5K |
|
1898
McGrath RentCorp
MGRC
$2.89B
| $1.12M | ﹤0.01% |
35,200
+300
| +0.9% | +$9.48K |
|
|
SASR
1899
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.11M | ﹤0.01% |
36,435
-1,600
| -4% | -$48.5K |
|
|
FBC
1900
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.11M | ﹤0.01% |
40,100
-2,200
| -5% | -$59.5K |
|
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.