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 |
Amphenol
APH
|
+$42.3M |
| 2 |
United Parcel Service
UPS
|
+$34.7M |
| 3 |
Lumen
LUMN
|
+$28.1M |
| 4 |
Invitation Homes
INVH
|
+$26.7M |
| 5 |
Progressive
PGR
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$90.4M |
| 2 |
Dell
DELL
|
+$67.6M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
+$64.9M |
| 4 |
AT&T
T
|
+$36.5M |
| 5 |
Automatic Data Processing
ADP
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.06% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Industrials | 10.59% |
| 5 | Communication Services | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Weyerhaeuser
WY
$18.4B
| $97.8M | 0.11% |
2,775,020
+3,000
| +0.1% | +$106K |
|
202
Sun Life Financial
SLF
$45.4B
| $97.8M | 0.11% |
2,368,300
+900
| +0% | +$35.9K |
|
203
Agnico Eagle Mines
AEM
$90.5B
| $97.5M | 0.11% |
2,109,853
+39,300
| +2% | +$1.75M |
|
204
Roper Technologies
ROP
$39.8B
| $97.5M | 0.11% |
376,358
+600
| +0.2% | +$154K |
|
205
Public Service Enterprise Group
PEG
$37.7B
| $96.1M | 0.1% |
1,866,077
+2,400
| +0.1% | +$121K |
|
206
Stanley Black & Decker
SWK
$15.7B
| $95.8M | 0.1% |
564,764
+600
| +0.1% | +$98.2K |
|
207
Markel Group
MKL
$23.2B
| $95.6M | 0.1% |
83,890
+1,300
| +2% | +$1.42M |
|
208
Sempra
SRE
$54.8B
| $94M | 0.1% |
1,758,600
+1,600
| +0.1% | +$92.8K |
|
209
Dollar General
DG
$27.9B
| $93.8M | 0.1% |
1,008,552
-3,300
| -0.3% | -$284K |
|
210
HCA Healthcare
HCA
$89.5B
| $93.8M | 0.1% |
1,067,622
-17,300
| -2% | -$1.39M |
|
211
Dollar Tree
DLTR
$25.2B
| $93.7M | 0.1% |
872,847
+1,600
| +0.2% | +$156K |
|
212
Rockwell Automation
ROK
$49B
| $92.9M | 0.1% |
473,336
-1,000
| -0.2% | -$191K |
|
213
Williams Companies
WMB
$86.1B
| $92.9M | 0.1% |
3,047,941
+4,800
| +0.2% | +$140K |
|
214
Monster Beverage
MNST
$88.5B
| $92.7M | 0.1% |
2,928,404
| – | – |
|
215
PACCAR
PCAR
$70.1B
| $92.1M | 0.1% |
1,943,408
+3,000
| +0.2% | +$142K |
|
216
Tyson Foods
TSN
$20.4B
| $91.8M | 0.1% |
1,132,265
+69,900
| +7% | +$5.35M |
|
217
VF Corp
VFC
$5.89B
| $91.6M | 0.1% |
1,315,228
-26,443
| -2% | -$1.75M |
|
218
Kroger
KR
$34.8B
| $91.2M | 0.1% |
3,320,596
-63,600
| -2% | -$1.48M |
|
219
Digital Realty Trust
DLR
$71.7B
| $90.4M | 0.1% |
793,678
-96,700
| -11% | -$11.4M |
|
220
Hershey
HSY
$36.6B
| $90M | 0.1% |
793,226
+64,400
| +9% | +$7.09M |
|
221
Zimmer Biomet
ZBH
$18.4B
| $89.8M | 0.1% |
766,748
+1,030
| +0.1% | +$116K |
|
222
Wheaton Precious Metals
WPM
$60.9B
| $89.3M | 0.1% |
4,034,900
+26,100
| +0.7% | +$544K |
|
223
PG&E
PCG
$38.5B
| $89.1M | 0.1% |
1,988,524
-512,900
| -21% | -$28.7M |
|
224
Edison International
EIX
$26.4B
| $88.6M | 0.1% |
1,401,264
+72,600
| +5% | +$5.54M |
|
225
Realty Income
O
$59.1B
| $87.9M | 0.09% |
1,590,931
+23,426
| +1% | +$1.27M |
|
Similar funds
Swiss National Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Swiss National Bank held 2,605 positions worth $92.6B, up 5.4% from $87.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank's Q4 2017 filing shows 77 new, 1,182 increased, 249 reduced and 91 closed positions. Its largest new stake was Invitation Homes: 1,152,016 shares worth $27.2M. The largest sale was CR Bard Inc., an estimated $90.4M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2017 buy was Invitation Homes: 1,152,016 shares worth $27.2M.
- Swiss National Bank added most to Amphenol in Q4 2017, an estimated $42.3M increase.
- Swiss National Bank's biggest Q4 2017 reduction was Dell, cutting an estimated $67.6M.
- Swiss National Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $90.4M.
- Swiss National Bank's ten largest holdings make up 17% of its $92.6B portfolio in Q4 2017.
- Swiss National Bank opened 77 new positions and closed 91 in Q4 2017.
- Swiss National Bank's portfolio value rose 5.4% quarter-over-quarter to $92.6B.
Based on Swiss National Bank's 13F filing for Q4 2017, filed 7 Feb 2018.