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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.37% |
| 2 | Healthcare | 14.71% |
| 3 | Consumer Discretionary | 11.61% |
| 4 | Industrials | 10.54% |
| 5 | Communication Services | 10.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
UMB Financial
UMBF
$11.5B
| $5.36M | 0.01% |
74,100
+1,700
| +2% | +$127K |
|
1002
Zurn Elkay Water Solutions
ZWS
$8.37B
| $5.36M | 0.01% |
375,133
+8,304
| +2% | +$114K |
|
|
WLL
1003
DELISTED
Whiting Petroleum Corporation
WLL
| $5.35M | 0.01% |
2,107
+48
| +2% | +$103K |
|
1004
Cathay General Bancorp
CATY
$4.35B
| $5.34M | 0.01% |
133,700
+3,000
| +2% | +$128K |
|
1005
Cracker Barrel
CBRL
$1.28B
| $5.34M | 0.01% |
33,550
+1,100
| +3% | +$182K |
|
1006
SiteOne Landscape Supply
SITE
$4.3B
| $5.34M | 0.01% |
69,300
+1,800
| +3% | +$133K |
|
1007
Columbia Banking Systems
COLB
$9.27B
| $5.33M | 0.01% |
127,107
+2,900
| +2% | +$126K |
|
|
B
1008
DELISTED
Barnes Group Inc.
B
| $5.33M | 0.01% |
89,000
+1,900
| +2% | +$120K |
|
1009
WaFd
WAFD
$2.82B
| $5.32M | 0.01% |
153,700
+4,400
| +3% | +$156K |
|
|
ARRY
1010
DELISTED
Array Biopharma Inc
ARRY
| $5.31M | 0.01% |
325,600
+16,900
| +5% | +$271K |
|
1011
Federated Hermes
FHI
$4.71B
| $5.31M | 0.01% |
158,917
+4,200
| +3% | +$143K |
|
|
TXNM
1012
TXNM Energy Inc
TXNM
$5.91B
| $5.3M | 0.01% |
138,700
+3,000
| +2% | +$110K |
|
1013
Hain Celestial
HAIN
$51.4M
| $5.26M | 0.01% |
163,914
+3,400
| +2% | +$124K |
|
1014
Sprouts Farmers Market
SFM
$7.71B
| $5.26M | 0.01% |
223,950
+3,700
| +2% | +$94.8K |
|
1015
RBC Bearings
RBC
$17.7B
| $5.25M | 0.01% |
42,290
+600
| +1% | +$74.5K |
|
|
BBBY
1016
DELISTED
Bed Bath & Beyond Inc
BBBY
| $5.24M | 0.01% |
249,400
+5,400
| +2% | +$119K |
|
|
KS
1017
DELISTED
KapStone Paper and Pack Corp.
KS
| $5.21M | 0.01% |
152,000
+3,400
| +2% | +$108K |
|
1018
Marriott Vacations Worldwide
VAC
$4.22B
| $5.21M | 0.01% |
39,145
+200
| +0.5% | +$28.3K |
|
1019
Erie Indemnity
ERIE
$13.3B
| $5.21M | 0.01% |
44,309
+1,500
| +4% | +$175K |
|
1020
Glacier Bancorp
GBCI
$6.52B
| $5.21M | 0.01% |
135,800
+2,900
| +2% | +$114K |
|
|
MFA
1021
MFA Financial
MFA
$935M
| $5.2M | 0.01% |
172,525
+3,775
| +2% | +$112K |
|
1022
ATI
ATI
$30.9B
| $5.19M | 0.01% |
219,300
+4,900
| +2% | +$131K |
|
|
RP
1023
DELISTED
RealPage, Inc.
RP
| $5.19M | 0.01% |
100,800
+2,300
| +2% | +$115K |
|
1024
Churchill Downs
CHDN
$6.21B
| $5.17M | 0.01% |
127,200
-6,600
| -5% | -$281K |
|
1025
Protolabs
PRLB
$2.2B
| $5.17M | 0.01% |
44,000
+1,500
| +4% | +$169K |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.