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 | |
|---|---|---|---|---|---|---|
951
Houlihan Lokey
HLI
$8.63B
| $9.42M | 0.01% |
119,336
-1,200
| -1% | -$100K |
|
952
PVH
PVH
$3.76B
| $9.38M | 0.01% |
164,800
-3,200
| -2% | -$221K |
|
953
Ryman Hospitality Properties
RHP
$7.82B
| $9.37M | 0.01% |
123,300
-400
| -0.3% | -$35.3K |
|
954
MGIC Investment
MTG
$6.29B
| $9.37M | 0.01% |
743,400
-26,400
| -3% | -$347K |
|
955
UMB Financial
UMBF
$11.4B
| $9.35M | 0.01% |
108,600
| – | – |
|
956
Carvana
CVNA
$79.7B
| $9.31M | 0.01% |
2,061,025
+393,000
| +24% | +$4.13M |
|
957
TD Synnex
SNX
$20.4B
| $9.3M | 0.01% |
102,085
| – | – |
|
958
Douglas Emmett
DEI
$1.95B
| $9.29M | 0.01% |
415,000
| – | – |
|
|
AQUA
959
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $9.27M | 0.01% |
285,100
| – | – |
|
960
Ultragenyx Pharmaceutical
RARE
$2.65B
| $9.26M | 0.01% |
155,252
+2,100
| +1% | +$129K |
|
961
Teradata
TDC
$2.49B
| $9.25M | 0.01% |
249,959
-6,500
| -3% | -$259K |
|
962
Novavax
NVAX
$1.31B
| $9.25M | 0.01% |
179,800
-131,300
| -42% | -$6.8M |
|
|
DOC
963
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $9.25M | 0.01% |
529,906
+9,000
| +2% | +$159K |
|
964
Helen of Troy
HELE
$696M
| $9.22M | 0.01% |
56,800
-300
| -0.5% | -$56.6K |
|
|
TXNM
965
TXNM Energy Inc
TXNM
$5.91B
| $9.18M | 0.01% |
192,100
-700
| -0.4% | -$32.8K |
|
966
Grocery Outlet
GO
$1.07B
| $9.16M | 0.01% |
214,900
+10,500
| +5% | +$384K |
|
967
Rapid7
RPD
$827M
| $9.14M | 0.01% |
136,900
+10,100
| +8% | +$835K |
|
968
Tencent Music
TME
$13.9B
| $9.13M | 0.01% |
1,819,753
+38,100
| +2% | +$168K |
|
|
PSB
969
DELISTED
PS Business Parks, Inc.
PSB
| $9.12M | 0.01% |
48,708
-200
| -0.4% | -$36.4K |
|
970
Maximus
MMS
$2.85B
| $9.11M | 0.01% |
145,807
-700
| -0.5% | -$47.3K |
|
971
Spire
SR
$4.89B
| $9.08M | 0.01% |
122,150
| – | – |
|
|
SFBS
972
ServisFirst Bancshares
SFBS
$4.95B
| $9.07M | 0.01% |
114,968
-400
| -0.3% | -$32.6K |
|
973
Hancock Whitney
HWC
$6.34B
| $9.06M | 0.01% |
204,400
-900
| -0.4% | -$42.8K |
|
974
The Ensign Group
ENSG
$10.6B
| $9.06M | 0.01% |
123,300
-800
| -0.6% | -$63.8K |
|
975
FNB Corp
FNB
$6.86B
| $9.03M | 0.01% |
831,615
-2,600
| -0.3% | -$30.4K |
|
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.