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 | |
|---|---|---|---|---|---|---|
201
Weyerhaeuser
WY
$18.4B
| $94.3M | 0.11% |
2,772,020
+37,000
| +1% | +$1.21M |
|
202
McCormick & Company Non-Voting
MKC
$14.2B
| $94.3M | 0.11% |
1,837,696
+11,000
| +0.6% | +$530K |
|
203
Sun Life Financial
SLF
$45.4B
| $94.3M | 0.11% |
2,367,400
-7,500
| -0.3% | -$286K |
|
204
Las Vegas Sands
LVS
$29.6B
| $93.7M | 0.11% |
1,459,839
+9,300
| +0.6% | +$577K |
|
205
Agnico Eagle Mines
AEM
$90.5B
| $93.6M | 0.11% |
2,070,553
+31,700
| +2% | +$1.48M |
|
206
PACCAR
PCAR
$70.1B
| $93.6M | 0.11% |
1,940,408
+17,100
| +0.9% | +$771K |
|
207
Ventas
VTR
$47.9B
| $93.5M | 0.11% |
1,434,980
+11,900
| +0.8% | +$802K |
|
208
Western Digital
WDC
$150B
| $92.8M | 0.11% |
1,420,588
+28,973
| +2% | +$1.92M |
|
|
PXD
209
DELISTED
Pioneer Natural Resource Co.
PXD
| $92.4M | 0.11% |
626,452
+6,300
| +1% | +$906K |
|
210
Roper Technologies
ROP
$39.8B
| $91.5M | 0.1% |
375,758
+3,800
| +1% | +$893K |
|
211
Williams Companies
WMB
$86.1B
| $91.3M | 0.1% |
3,043,141
+25,800
| +0.9% | +$785K |
|
|
BCR
212
DELISTED
CR Bard Inc.
BCR
| $90.4M | 0.1% |
282,061
+18,900
| +7% | +$6.04M |
|
213
DXC Technology
DXC
$1.73B
| $89.7M | 0.1% |
1,206,824
+5,896
| +0.5% | +$418K |
|
214
Hewlett Packard
HPE
$70.5B
| $89.6M | 0.1% |
6,092,692
-1,734,621
| -22% | -$23.7M |
|
215
Archer Daniels Midland
ADM
$36.9B
| $89.1M | 0.1% |
2,095,804
+9,200
| +0.4% | +$388K |
|
216
Estee Lauder
EL
$32B
| $89M | 0.1% |
825,296
+13,100
| +2% | +$1.34M |
|
217
Markel Group
MKL
$23.2B
| $88.2M | 0.1% |
82,590
+590
| +0.7% | +$610K |
|
218
Essex Property Trust
ESS
$18.5B
| $87.7M | 0.1% |
345,252
+2,800
| +0.8% | +$731K |
|
219
Zimmer Biomet
ZBH
$18.4B
| $87M | 0.1% |
765,718
+12,463
| +2% | +$1.44M |
|
220
Realty Income
O
$59.1B
| $86.9M | 0.1% |
1,567,505
+61,095
| +4% | +$3.39M |
|
221
HCA Healthcare
HCA
$89.5B
| $86.3M | 0.1% |
1,084,922
+3,600
| +0.3% | +$290K |
|
222
Public Service Enterprise Group
PEG
$37.7B
| $86.2M | 0.1% |
1,863,677
+14,200
| +0.8% | +$643K |
|
223
Stellantis
STLA
$20.8B
| $86.2M | 0.1% |
4,816,117
+28,018
| +0.6% | +$388K |
|
224
Parker-Hannifin
PH
$135B
| $85.9M | 0.1% |
490,632
+3,700
| +0.8% | +$608K |
|
225
Church & Dwight Co
CHD
$24.5B
| $85.5M | 0.1% |
1,764,216
-900
| -0.1% | -$45.7K |
|
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.