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 | |
|---|---|---|---|---|---|---|
926
Medpace
MEDP
$16.2B
| $9.94M | 0.01% |
66,400
-1,600
| -2% | -$232K |
|
927
UFP Industries
UFPI
$5.03B
| $9.93M | 0.01% |
145,750
-600
| -0.4% | -$45.2K |
|
|
UNVR
928
DELISTED
Univar Solutions Inc.
UNVR
| $9.92M | 0.01% |
399,038
-5,200
| -1% | -$153K |
|
929
Terreno Realty
TRNO
$7.5B
| $9.91M | 0.01% |
177,800
+900
| +0.5% | +$59.2K |
|
|
BCPC
930
Balchem Corp
BCPC
$5.65B
| $9.9M | 0.01% |
76,300
-300
| -0.4% | -$37.5K |
|
931
Element Solutions
ESI
$9.51B
| $9.88M | 0.01% |
555,289
+28,600
| +5% | +$580K |
|
932
Boyd Gaming
BYD
$6.05B
| $9.88M | 0.01% |
198,500
-800
| -0.4% | -$46.3K |
|
933
SM Energy
SM
$7.71B
| $9.81M | 0.01% |
287,000
+14,200
| +5% | +$577K |
|
934
Thor Industries
THO
$4.11B
| $9.81M | 0.01% |
131,300
| – | – |
|
935
Cirrus Logic
CRUS
$6.08B
| $9.8M | 0.01% |
135,100
| – | – |
|
|
VRN
936
DELISTED
Veren
VRN
| $9.8M | 0.01% |
1,380,800
-4,100
| -0.3% | -$32.2K |
|
937
Ralph Lauren
RL
$23.1B
| $9.78M | 0.01% |
109,100
-6,100
| -5% | -$615K |
|
|
NATI
938
DELISTED
National Instruments Corp
NATI
| $9.74M | 0.01% |
311,800
| – | – |
|
939
NCR Voyix
VYX
$1.17B
| $9.71M | 0.01% |
508,656
| – | – |
|
|
HR
940
DELISTED
Healthcare Realty Trust Incorporated
HR
| $9.68M | 0.01% |
356,000
+7,100
| +2% | +$198K |
|
941
MasTec
MTZ
$23B
| $9.68M | 0.01% |
135,100
-5,400
| -4% | -$421K |
|
942
ManpowerGroup
MAN
$2.75B
| $9.66M | 0.01% |
126,400
-1,800
| -1% | -$158K |
|
943
SPS Commerce
SPSC
$2.86B
| $9.61M | 0.01% |
85,000
| – | – |
|
944
Integra LifeSciences
IART
$1.42B
| $9.54M | 0.01% |
176,494
+6,300
| +4% | +$378K |
|
945
Choice Hotels
CHH
$4.71B
| $9.5M | 0.01% |
85,067
-400
| -0.5% | -$51.9K |
|
|
SRCL
946
DELISTED
Stericycle Inc
SRCL
| $9.49M | 0.01% |
216,500
-700
| -0.3% | -$34.7K |
|
|
CHX
947
DELISTED
ChampionX
CHX
| $9.48M | 0.01% |
477,822
| – | – |
|
948
Commercial Metals
CMC
$7.98B
| $9.47M | 0.01% |
286,100
-1,400
| -0.5% | -$55.1K |
|
|
SJI
949
DELISTED
South Jersey Industries, Inc.
SJI
| $9.44M | 0.01% |
276,409
+10,600
| +4% | +$363K |
|
950
Option Care Health
OPCH
$3.61B
| $9.42M | 0.01% |
339,000
+41,300
| +14% | +$1.18M |
|
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.