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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.46% |
| 2 | Healthcare | 14.88% |
| 3 | Consumer Discretionary | 13.74% |
| 4 | Communication Services | 10.42% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Teck Resources
TECK
$31.5B
| $27.4M | 0.02% |
1,978,779
-90,700
| -4% | -$1.07M |
|
|
VER
552
DELISTED
VEREIT, Inc.
VER
| $27.3M | 0.02% |
839,108
-13,060
| -2% | -$430K |
|
553
Wynn Resorts
WYNN
$10.5B
| $27.1M | 0.02% |
377,975
-4,100
| -1% | -$325K |
|
554
DaVita
DVA
$11.6B
| $27M | 0.02% |
315,407
-32,400
| -9% | -$2.77M |
|
555
Monolithic Power Systems
MPWR
$68B
| $26.9M | 0.02% |
96,300
+1,700
| +2% | +$442K |
|
556
Newell Brands
NWL
$2.65B
| $26.9M | 0.02% |
1,568,253
-22,300
| -1% | -$372K |
|
557
RB Global
RBA
$15.7B
| $26.9M | 0.02% |
455,000
-17,500
| -4% | -$924K |
|
558
SolarEdge
SEDG
$2.03B
| $26.8M | 0.02% |
112,500
+4,000
| +4% | +$769K |
|
559
UGI
UGI
$7.59B
| $26.7M | 0.02% |
810,738
-12,400
| -2% | -$411K |
|
560
BCE
BCE
$21.9B
| $26.7M | 0.02% |
646,054
-8,800
| -1% | -$372K |
|
|
ZEN
561
DELISTED
ZENDESK INC
ZEN
| $26.6M | 0.02% |
258,852
+5,800
| +2% | +$543K |
|
562
Omega Healthcare
OHI
$14B
| $26.4M | 0.02% |
883,200
-13,000
| -1% | -$406K |
|
563
Sensata Technologies
ST
$6.69B
| $26.4M | 0.02% |
611,836
-15,000
| -2% | -$610K |
|
|
HDS
564
DELISTED
HD Supply Holdings, Inc.
HDS
| $26M | 0.02% |
630,000
-11,600
| -2% | -$443K |
|
565
The Mosaic Company
MOS
$6.98B
| $25.6M | 0.02% |
1,401,529
-15,200
| -1% | -$247K |
|
566
CF Industries
CF
$18B
| $25.6M | 0.02% |
832,266
-23,200
| -3% | -$740K |
|
567
Howmet Aerospace
HWM
$113B
| $25.5M | 0.02% |
1,527,795
-23,900
| -2% | -$399K |
|
568
Charles River Laboratories
CRL
$13.4B
| $25.4M | 0.02% |
112,200
+1,700
| +2% | +$353K |
|
569
Bunge Global
BG
$21.9B
| $25.3M | 0.02% |
553,303
-112,000
| -17% | -$5.01M |
|
|
IPG
570
DELISTED
Interpublic Group of Companies
IPG
| $25.3M | 0.02% |
1,516,618
-16,700
| -1% | -$298K |
|
571
PENN Entertainment
PENN
$2.54B
| $25.2M | 0.02% |
346,710
+65,500
| +23% | +$3.21M |
|
572
Reinsurance Group of America
RGA
$16.2B
| $25.1M | 0.02% |
264,049
+100
| +0% | +$9K |
|
573
Regency Centers
REG
$14.1B
| $25.1M | 0.02% |
660,232
-53,900
| -8% | -$2.21M |
|
574
HEICO Corp Class A
HEI.A
$38B
| $25M | 0.02% |
282,220
-4,100
| -1% | -$346K |
|
575
Molson Coors Class B
TAP
$7.88B
| $24.8M | 0.02% |
740,157
-9,900
| -1% | -$357K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.