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
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.23% |
| 2 | Healthcare | 14.3% |
| 3 | Consumer Discretionary | 13.08% |
| 4 | Communication Services | 9.58% |
| 5 | Industrials | 8.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
SiteOne Landscape Supply
SITE
$4.29B
| $17.1M | 0.01% |
105,700
+7,700
| +8% | +$1.4M |
|
752
PENN Entertainment
PENN
$2.52B
| $17M | 0.01% |
400,884
+28,200
| +8% | +$1.29M |
|
|
STOR
753
DELISTED
STORE Capital Corporation
STOR
| $17M | 0.01% |
580,340
+42,400
| +8% | +$1.31M |
|
754
Exelixis
EXEL
$12.6B
| $17M | 0.01% |
748,200
+55,000
| +8% | +$1.07M |
|
|
SNV
755
DELISTED
Synovus
SNV
| $16.9M | 0.01% |
344,119
+21,800
| +7% | +$1.1M |
|
756
First American
FAF
$7.52B
| $16.8M | 0.01% |
259,500
+17,500
| +7% | +$1.24M |
|
757
XPO
XPO
$24.8B
| $16.8M | 0.01% |
388,100
+27,433
| +8% | +$1.15M |
|
|
PDCE
758
DELISTED
PDC Energy, Inc.
PDCE
| $16.7M | 0.01% |
230,314
+13,300
| +6% | +$823K |
|
759
Encompass Health
EHC
$12.2B
| $16.7M | 0.01% |
295,772
+20,615
| +7% | +$1.08M |
|
|
SF
760
Stifel
SF
$12.9B
| $16.7M | 0.01% |
369,320
+23,400
| +7% | +$1.12M |
|
761
Lumentum
LITE
$81.2B
| $16.7M | 0.01% |
170,915
+10,300
| +6% | +$1.01M |
|
762
Planet Fitness
PLNT
$3.82B
| $16.6M | 0.01% |
197,085
+13,900
| +8% | +$1.21M |
|
763
CACI
CACI
$14.6B
| $16.6M | 0.01% |
55,200
+3,300
| +6% | +$911K |
|
764
Inspire Medical Systems
INSP
$1.66B
| $16.6M | 0.01% |
64,700
+4,700
| +8% | +$1.07M |
|
765
Pinnacle Financial Partners Inc
PNFP
$16.3B
| $16.6M | 0.01% |
180,061
+12,600
| +8% | +$1.24M |
|
|
BHVN
766
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $16.5M | 0.01% |
139,400
+9,800
| +8% | +$1.22M |
|
767
Starwood Property Trust
STWD
$6.06B
| $16.5M | 0.01% |
682,365
+48,300
| +8% | +$1.17M |
|
|
LSXMA
768
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $16.4M | 0.01% |
488,267
+59,612
| +14% | +$2.1M |
|
769
Healthcare Realty
HR
$6.62B
| $16.4M | 0.01% |
522,186
+40,700
| +8% | +$1.28M |
|
770
Gentex
GNTX
$5.02B
| $16.3M | 0.01% |
559,300
+33,600
| +6% | +$1.04M |
|
771
Euronet Worldwide
EEFT
$2.72B
| $16.3M | 0.01% |
125,000
+8,700
| +7% | +$1.1M |
|
772
Kornit Digital
KRNT
$776M
| $16.2M | 0.01% |
196,500
+15,900
| +9% | +$1.53M |
|
773
Jefferies Financial Group
JEF
$12.7B
| $16.2M | 0.01% |
516,201
+33,054
| +7% | +$1.12M |
|
774
Bruker
BRKR
$8.8B
| $16.1M | 0.01% |
251,100
+18,500
| +8% | +$1.27M |
|
775
Oshkosh
OSK
$9.45B
| $16.1M | 0.01% |
159,600
+8,700
| +6% | +$977K |
|
Similar funds
Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.