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 |
Apple
AAPL
|
+$411M |
| 2 |
Microsoft
MSFT
|
+$309M |
| 3 |
ExxonMobil
XOM
|
+$258M |
| 4 |
Johnson & Johnson
JNJ
|
+$221M |
| 5 |
GE Aerospace
GE
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$54.7M |
| 4 |
Stellantis
STLA
|
+$25.2M |
| 5 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.83% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.31% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LIOX
2326
DELISTED
Lionbridge Technologies
LIOX
| $479K | ﹤0.01% |
97,900
+17,600
| +22% | +$80.3K |
|
|
IL
2327
DELISTED
IntraLinks Holdings Inc.
IL
| $479K | ﹤0.01% |
63,000
+12,400
| +25% | +$97.4K |
|
2328
Cohu
COHU
$2.5B
| $478K | ﹤0.01% |
41,641
+15,841
| +61% | +$184K |
|
|
NMBL
2329
DELISTED
Nimble Storage, Inc.
NMBL
| $478K | ﹤0.01% |
62,900
+11,000
| +21% | +$78.2K |
|
2330
First Financial Corp
THFF
$967M
| $477K | ﹤0.01% |
14,426
+5,426
| +60% | +$179K |
|
|
KDNY
2331
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $477K | ﹤0.01% |
7,700
+1,340
| +21% | +$108K |
|
|
IXYS
2332
DELISTED
IXYS Corp
IXYS
| $476K | ﹤0.01% |
43,829
+17,229
| +65% | +$195K |
|
|
PGEM
2333
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $475K | ﹤0.01% |
34,942
+13,542
| +63% | +$145K |
|
2334
Planet Fitness
PLNT
$3.62B
| $474K | ﹤0.01% |
30,085
+5,000
| +20% | +$73.9K |
|
|
NILE
2335
DELISTED
Blue Nile, Inc.
NILE
| $474K | ﹤0.01% |
19,100
+3,400
| +22% | +$99.6K |
|
2336
Century Communities
CCS
$2.01B
| $472K | ﹤0.01% |
28,566
+11,766
| +70% | +$179K |
|
|
ATSG
2337
DELISTED
Air Transport Services Group
ATSG
| $471K | ﹤0.01% |
31,550
+5,450
| +21% | +$62.4K |
|
|
DERM
2338
DELISTED
Dermira, Inc.
DERM
| $471K | ﹤0.01% |
23,600
+8,200
| +53% | +$201K |
|
|
TVTY
2339
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $470K | ﹤0.01% |
48,400
+9,900
| +26% | +$111K |
|
2340
Enanta Pharmaceuticals
ENTA
$393M
| $468K | ﹤0.01% |
16,500
+3,100
| +23% | +$86.3K |
|
|
CGI
2341
DELISTED
Celadon Group Inc
CGI
| $468K | ﹤0.01% |
46,200
+8,700
| +23% | +$78.5K |
|
2342
Powell Industries
POWL
$7.59B
| $467K | ﹤0.01% |
48,600
+8,700
| +22% | +$76.8K |
|
2343
Republic Bancorp
RBCAA
$1.95B
| $466K | ﹤0.01% |
18,600
+3,100
| +20% | +$78.5K |
|
2344
TG Therapeutics
TGTX
$7.64B
| $466K | ﹤0.01% |
56,700
+11,100
| +24% | +$97.1K |
|
|
LMOS
2345
DELISTED
Lumos Networks Corp
LMOS
| $464K | ﹤0.01% |
37,200
+5,600
| +18% | +$65.7K |
|
|
IBTX
2346
DELISTED
Independent Bank Group, Inc.
IBTX
| $464K | ﹤0.01% |
17,552
+4,300
| +32% | +$125K |
|
2347
Federal Agricultural Mortgage
AGM
$2.55B
| $463K | ﹤0.01% |
12,800
+2,900
| +29% | +$94.1K |
|
2348
Future Fuel
FF
$279M
| $463K | ﹤0.01% |
40,609
+15,409
| +61% | +$189K |
|
|
PRO
2349
DELISTED
PROS Holdings
PRO
| $463K | ﹤0.01% |
40,700
+7,700
| +23% | +$99.2K |
|
|
SGYP
2350
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $462K | ﹤0.01% |
173,350
+35,050
| +25% | +$127K |
|
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Swiss National Bank's Q1 2016 Portfolio in Review
As of Q1 2016, Swiss National Bank held 2,649 positions worth $54.5B, up 32% from $41.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Swiss National Bank deployed $13.6B of net new capital in Q1 2016, opening 6 new positions and adding to 2,585 existing holdings. Its largest new stake was Ferrari: 823,472 shares worth $32.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Stellantis, an estimated $25.2M trimmed.
- Swiss National Bank's largest Q1 2016 buy was Ferrari: 823,472 shares worth $32.9M.
- Swiss National Bank added most to Apple in Q1 2016, an estimated $411M increase.
- Swiss National Bank's biggest Q1 2016 reduction was Stellantis, cutting an estimated $25.2M.
- Swiss National Bank fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $58.7M.
- Swiss National Bank's ten largest holdings make up 15% of its $54.5B portfolio in Q1 2016.
- Swiss National Bank opened 6 new positions and closed 38 in Q1 2016.
- Swiss National Bank's portfolio value rose 32% quarter-over-quarter to $54.5B.
Based on Swiss National Bank's 13F filing for Q1 2016, filed 4 May 2016.