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 | |
|---|---|---|---|---|---|---|
2101
MYR Group
MYRG
$5.14B
| $819K | ﹤0.01% |
27,200
-4,000
| -13% | -$109K |
|
|
BMTC
2102
DELISTED
Bryn Mawr Bank Corp
BMTC
| $819K | ﹤0.01% |
25,600
-1,400
| -5% | -$42.8K |
|
2103
BancFirst
BANF
$3.82B
| $816K | ﹤0.01% |
22,518
| – | – |
|
2104
Unitil
UTL
$981M
| $816K | ﹤0.01% |
20,900
| – | – |
|
|
ITCI
2105
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $812K | ﹤0.01% |
53,300
-1,400
| -3% | -$56.6K |
|
2106
Griffon
GFF
$4.84B
| $811K | ﹤0.01% |
47,700
-4,100
| -8% | -$69.9K |
|
2107
MarineMax
HZO
$1.16B
| $809K | ﹤0.01% |
38,600
| – | – |
|
2108
AtriCure
ATRC
$2.18B
| $808K | ﹤0.01% |
51,100
| – | – |
|
2109
Ingles Markets
IMKTA
$1.65B
| $807K | ﹤0.01% |
20,400
-1,200
| -6% | -$46.1K |
|
|
XYZ
2110
Block Inc
XYZ
$47.5B
| $807K | ﹤0.01% |
69,200
+23,800
| +52% | +$260K |
|
|
STB
2111
DELISTED
Student Transportation Inc
STB
| $807K | ﹤0.01% |
134,855
+298
| +0.2% | +$1.64K |
|
2112
Gorman-Rupp
GRC
$2.19B
| $805K | ﹤0.01% |
31,447
| – | – |
|
|
RTEC
2113
DELISTED
Rudolph Technologies Inc
RTEC
| $805K | ﹤0.01% |
45,400
-2,100
| -4% | -$35.6K |
|
2114
Phibro Animal Health
PAHC
$1.38B
| $802K | ﹤0.01% |
29,500
| – | – |
|
|
SEMI
2115
DELISTED
SunEdison Semiconductor Limited
SEMI
| $801K | ﹤0.01% |
70,300
-9,600
| -12% | -$86K |
|
2116
Harmonic Inc
HLIT
$1.24B
| $797K | ﹤0.01% |
134,400
-9,200
| -6% | -$36.7K |
|
|
TAST
2117
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $797K | ﹤0.01% |
60,324
| – | – |
|
2118
Regis Corp
RGS
$68.3M
| $796K | ﹤0.01% |
3,170
-345
| -10% | -$90.5K |
|
2119
OraSure Technologies
OSUR
$268M
| $795K | ﹤0.01% |
99,800
-6,800
| -6% | -$50.5K |
|
2120
Center Bancorp
CNOB
$1.79B
| $793K | ﹤0.01% |
43,900
| – | – |
|
2121
PDF Solutions
PDFS
$2.08B
| $792K | ﹤0.01% |
43,600
| – | – |
|
2122
Camden National
CAC
$982M
| $791K | ﹤0.01% |
24,861
| – | – |
|
2123
NN Inc
NNBR
$301M
| $790K | ﹤0.01% |
43,280
| – | – |
|
|
RUTH
2124
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $789K | ﹤0.01% |
55,900
-8,800
| -14% | -$135K |
|
2125
MGP Ingredients
MGPI
$393M
| $786K | ﹤0.01% |
19,400
+3,300
| +20% | +$128K |
|
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.