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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.43% |
| 2 | Healthcare | 15.87% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.96% |
| 5 | Industrials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Floor & Decor
FND
$6.27B
| $15.7M | 0.01% |
249,400
-300
| -0.1% | -$22.6K |
|
702
Exelixis
EXEL
$12.5B
| $15.7M | 0.01% |
752,400
+4,200
| +0.6% | +$86.6K |
|
703
NOV
NOV
$7.36B
| $15.6M | 0.01% |
924,900
+1,000
| +0.1% | +$18.8K |
|
704
Middleby
MIDD
$5.29B
| $15.6M | 0.01% |
124,500
-7,000
| -5% | -$1.01M |
|
705
Bruker
BRKR
$8.83B
| $15.6M | 0.01% |
248,600
-2,500
| -1% | -$153K |
|
706
Gentex
GNTX
$4.99B
| $15.6M | 0.01% |
556,900
-2,400
| -0.4% | -$69.8K |
|
707
CACI
CACI
$14.8B
| $15.5M | 0.01% |
55,100
-100
| -0.2% | -$27.8K |
|
|
COHR
708
DELISTED
Coherent Inc
COHR
| $15.5M | 0.01% |
58,288
+200
| +0.3% | +$53.6K |
|
709
KE Holdings
BEKE
$18.7B
| $15.5M | 0.01% |
863,867
-104,300
| -11% | -$1.47M |
|
710
Churchill Downs
CHDN
$6.2B
| $15.5M | 0.01% |
161,800
-1,000
| -0.6% | -$99.4K |
|
711
Old Republic International
ORI
$10.3B
| $15.4M | 0.01% |
689,700
| – | – |
|
|
AIRC
712
DELISTED
Apartment Income REIT Corp.
AIRC
| $15.4M | 0.01% |
369,784
-1,400
| -0.4% | -$64.9K |
|
713
First Solar
FSLR
$24B
| $15.4M | 0.01% |
225,500
-800
| -0.4% | -$56.9K |
|
714
Range Resources
RRC
$9.33B
| $15.3M | 0.01% |
617,600
+34,000
| +6% | +$1.04M |
|
|
STOR
715
DELISTED
STORE Capital Corporation
STOR
| $15.1M | 0.01% |
580,340
| – | – |
|
|
CDK
716
DELISTED
CDK Global, Inc.
CDK
| $15.1M | 0.01% |
275,000
-4,800
| -2% | -$259K |
|
717
Starwood Property Trust
STWD
$6.05B
| $15M | 0.01% |
718,065
+35,700
| +5% | +$821K |
|
718
EastGroup Properties
EGP
$11B
| $15M | 0.01% |
97,187
+1,000
| +1% | +$175K |
|
719
Five Below
FIVE
$13.4B
| $15M | 0.01% |
132,059
-400
| -0.3% | -$57.5K |
|
720
Affirm
AFRM
$26.2B
| $14.9M | 0.01% |
824,975
+103,600
| +14% | +$2.82M |
|
721
Voya Financial
VOYA
$9.16B
| $14.9M | 0.01% |
249,600
-12,800
| -5% | -$823K |
|
722
FIVE9
FIVN
$2.53B
| $14.8M | 0.01% |
162,900
+2,000
| +1% | +$202K |
|
723
Graphic Packaging
GPK
$3.51B
| $14.8M | 0.01% |
723,500
-2,700
| -0.4% | -$57K |
|
724
Prosperity Bancshares
PB
$8.97B
| $14.8M | 0.01% |
217,167
-800
| -0.4% | -$54.9K |
|
|
AXON
725
Axon Enterprise
AXON
$50B
| $14.8M | 0.01% |
158,700
-3,200
| -2% | -$338K |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.