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 |
Alphabet (Google) Class A
GOOGL
|
+$406M |
| 2 |
NXP Semiconductors
NXPI
|
+$76.1M |
| 3 |
Alibaba
BABA
|
+$71.1M |
| 4 |
Hewlett Packard
HPE
|
+$47.6M |
| 5 |
Baidu
BIDU
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$392M |
| 2 |
Lockheed Martin
LMT
|
+$114M |
| 3 |
HP
HPQ
|
+$51.3M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$50M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$40.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.85% |
| 2 | Technology | 14.56% |
| 3 | Consumer Discretionary | 10.65% |
| 4 | Consumer Staples | 10.14% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGU
176
DELISTED
Agrium
AGU
| $53.4M | 0.13% |
599,343
-7,900
| -1% | -$748K |
|
|
MRSH
177
Marsh
MRSH
$91.3B
| $53.4M | 0.13% |
962,363
+1,600
| +0.2% | +$88.2K |
|
178
Agnico Eagle Mines
AEM
$90.2B
| $53.1M | 0.13% |
2,023,753
+1,900
| +0.1% | +$51.8K |
|
179
Dollar General
DG
$27.3B
| $52.9M | 0.13% |
736,125
+14,600
| +2% | +$990K |
|
180
Halliburton
HAL
$27.7B
| $52.9M | 0.13% |
1,552,797
+34,600
| +2% | +$1.3M |
|
181
Sysco
SYY
$40.5B
| $52.6M | 0.13% |
1,282,940
+23,100
| +2% | +$947K |
|
182
Hershey
HSY
$36.7B
| $52.5M | 0.13% |
587,626
+5,600
| +1% | +$502K |
|
183
American Electric Power
AEP
$67.2B
| $51.9M | 0.13% |
891,089
+16,700
| +2% | +$946K |
|
184
J.M. Smucker
SJM
$12.7B
| $51.7M | 0.13% |
418,899
-8,500
| -2% | -$1.01M |
|
185
Bath & Body Works
BBWI
$3.94B
| $51.2M | 0.12% |
661,534
+112,814
| +21% | +$8.74M |
|
186
Kinder Morgan
KMI
$69.3B
| $50.5M | 0.12% |
3,385,069
+96,400
| +3% | +$2.3M |
|
187
Marathon Petroleum
MPC
$87.2B
| $50.5M | 0.12% |
973,696
+4,200
| +0.4% | +$220K |
|
188
Boston Properties
BXP
$10.8B
| $50.5M | 0.12% |
395,635
+6,000
| +2% | +$747K |
|
189
Illumina
ILMN
$29B
| $50.5M | 0.12% |
270,205
+5,860
| +2% | +$946K |
|
|
190
Hewlett Packard
HPE
$73.2B
| $50.2M | 0.12% |
+5,681,610
| New | +$47.6M |
|
191
PPG Industries
PPG
$25.9B
| $48.5M | 0.12% |
490,760
+4,100
| +0.8% | +$414K |
|
192
Air Products & Chemicals
APD
$68.1B
| $48.3M | 0.12% |
401,166
+7,567
| +2% | +$952K |
|
193
Humana
HUM
$46.5B
| $48M | 0.12% |
268,826
+1,700
| +0.6% | +$298K |
|
194
Chipotle Mexican Grill
CMG
$41.6B
| $47.6M | 0.12% |
4,959,350
+1,330,000
| +37% | +$16.3M |
|
195
TE Connectivity
TEL
$62.2B
| $47.2M | 0.11% |
730,209
+4,600
| +0.6% | +$297K |
|
196
Johnson Controls International
JCI
$91.8B
| $46.9M | 0.11% |
1,134,924
+19,005
| +2% | +$860K |
|
197
Aon
AON
$76B
| $46.9M | 0.11% |
508,771
+6,100
| +1% | +$568K |
|
|
LNKD
198
DELISTED
LinkedIn Corporation
LNKD
| $46.9M | 0.11% |
208,400
+11,600
| +6% | +$2.63M |
|
199
Aflac
AFL
$62.3B
| $46.8M | 0.11% |
1,561,790
+13,200
| +0.9% | +$411K |
|
200
Wheaton Precious Metals
WPM
$60B
| $46.8M | 0.11% |
3,770,300
+16,200
| +0.4% | +$214K |
|
Similar funds
Swiss National Bank's Q4 2015 Portfolio in Review
As of Q4 2015, Swiss National Bank held 2,738 positions worth $41.3B, up 6.1% from $39B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Swiss National Bank's Q4 2015 filing shows 170 new, 721 increased, 248 reduced and 95 closed positions. Its largest new stake was Alphabet (Google) Class A: 10,961,780 shares worth $426M. The largest sale was Alphabet (Google) Class C, an estimated $392M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
- Swiss National Bank's largest Q4 2015 buy was Alphabet (Google) Class A: 10,961,780 shares worth $426M.
- Swiss National Bank added most to Comcast in Q4 2015, an estimated $43.3M increase.
- Swiss National Bank's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $392M.
- Swiss National Bank fully exited Lockheed Martin in Q4 2015, selling an estimated $114M.
- Swiss National Bank's ten largest holdings make up 14% of its $41.3B portfolio in Q4 2015.
- Swiss National Bank opened 170 new positions and closed 95 in Q4 2015.
- Swiss National Bank's portfolio value rose 6.1% quarter-over-quarter to $41.3B.
Based on Swiss National Bank's 13F filing for Q4 2015, filed 3 Feb 2016.