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 |
DuPont de Nemours
DD
|
+$273M |
| 2 |
Baker Hughes
BKR
|
+$52.8M |
| 3 |
ExxonMobil
XOM
|
+$37.9M |
| 4 |
NVIDIA
NVDA
|
+$37.3M |
| 5 |
Oneok
OKE
|
+$34.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RAI
Reynolds American Inc
RAI
|
+$267M |
| 2 |
DD
Du Pont De Nemours E I
DD
|
+$265M |
| 3 |
BHI
Baker Hughes
BHI
|
+$80.5M |
| 4 |
Alibaba
BABA
|
+$51.2M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$48.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.43% |
| 2 | Healthcare | 15.4% |
| 3 | Consumer Discretionary | 10.77% |
| 4 | Communication Services | 10.69% |
| 5 | Industrials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Sherwin-Williams
SHW
$89.8B
| $111M | 0.13% |
926,583
+6,300
| +0.7% | +$723K |
|
177
Lam Research
LRCX
$390B
| $110M | 0.13% |
5,956,460
+10,000
| +0.2% | +$162K |
|
178
WEC Energy
WEC
$35.1B
| $109M | 0.12% |
1,733,681
+13,100
| +0.8% | +$836K |
|
179
TE Connectivity
TEL
$62.6B
| $109M | 0.12% |
1,308,309
+10,800
| +0.8% | +$868K |
|
180
Ross Stores
ROST
$81.9B
| $108M | 0.12% |
1,674,992
+7,400
| +0.4% | +$426K |
|
181
Marathon Petroleum
MPC
$83.7B
| $108M | 0.12% |
1,918,996
-8,300
| -0.4% | -$445K |
|
182
Illumina
ILMN
$28.4B
| $107M | 0.12% |
553,110
+3,701
| +0.7% | +$689K |
|
183
Keurig Dr Pepper
KDP
$40.8B
| $106M | 0.12% |
1,197,113
+12,200
| +1% | +$1.11M |
|
184
Digital Realty Trust
DLR
$71.7B
| $105M | 0.12% |
890,378
+177,023
| +25% | +$20.5M |
|
|
PPL
185
PPL Corp
PPL
$26.7B
| $104M | 0.12% |
2,743,547
+34,800
| +1% | +$1.35M |
|
186
Progressive
PGR
$125B
| $104M | 0.12% |
2,139,534
+17,500
| +0.8% | +$819K |
|
187
PPG Industries
PPG
$26.6B
| $103M | 0.12% |
944,560
+5,700
| +0.6% | +$607K |
|
188
Edison International
EIX
$26.4B
| $103M | 0.12% |
1,328,664
+10,600
| +0.8% | +$839K |
|
|
TFCFA
189
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $102M | 0.12% |
3,877,299
+34,800
| +0.9% | +$959K |
|
190
Corning
GLW
$143B
| $102M | 0.12% |
3,400,412
+11,700
| +0.3% | +$346K |
|
|
GG
191
DELISTED
Goldcorp Inc
GG
| $101M | 0.12% |
7,797,700
+73,700
| +1% | +$969K |
|
|
APC
192
DELISTED
Anadarko Petroleum
APC
| $101M | 0.11% |
2,063,405
+22,300
| +1% | +$983K |
|
193
Sempra
SRE
$54.8B
| $100M | 0.11% |
1,757,000
+22,400
| +1% | +$1.3M |
|
194
Cummins
CMI
$88.7B
| $98.8M | 0.11% |
588,019
+4,600
| +0.8% | +$744K |
|
|
K
195
DELISTED
Kellanova
K
| $97.8M | 0.11% |
1,670,441
+10,863
| +0.7% | +$686K |
|
196
Aptiv
APTV
$10.3B
| $97.2M | 0.11% |
987,400
+2,500
| +0.3% | +$236K |
|
197
Yum! Brands
YUM
$41.1B
| $96.3M | 0.11% |
1,308,796
-4,500
| -0.3% | -$339K |
|
198
Carnival Corporation Ltd
CCL
$39.7B
| $96.2M | 0.11% |
1,489,300
+11,700
| +0.8% | +$782K |
|
199
Amphenol
APH
$209B
| $95.4M | 0.11% |
4,507,400
+11,200
| +0.2% | +$220K |
|
200
Canadian Pacific Kansas City
CP
$80.5B
| $95M | 0.11% |
2,828,500
+2,000
| +0.1% | +$63.6K |
|
Similar funds
Swiss National Bank's Q3 2017 Portfolio in Review
As of Q3 2017, Swiss National Bank held 2,565 positions worth $87.8B, up 4.2% from $84.3B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 1.7%. Swiss National Bank opened 7 new positions and exited 37, leaving the 2,565-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2017 buy was Baker Hughes: 1,488,728 shares worth $54.5M.
- Swiss National Bank added most to DuPont de Nemours in Q3 2017, an estimated $273M increase.
- Swiss National Bank's biggest Q3 2017 reduction was Alibaba, cutting an estimated $51.2M.
- Swiss National Bank fully exited Reynolds American Inc in Q3 2017, selling an estimated $267M.
- Swiss National Bank's ten largest holdings make up 17% of its $87.8B portfolio in Q3 2017.
- Swiss National Bank opened 7 new positions and closed 37 in Q3 2017.
- Swiss National Bank's portfolio value rose 4.2% quarter-over-quarter to $87.8B.
Based on Swiss National Bank's 13F filing for Q3 2017, filed 3 Nov 2017.