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 |
Viatris
VTRS
|
+$46.9M |
| 2 |
Cloudflare
NET
|
+$38.2M |
| 3 |
10x Genomics
TXG
|
+$33.7M |
| 4 |
Teladoc Health
TDOC
|
+$31.9M |
| 5 |
Pinduoduo
PDD
|
+$31.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$349M |
| 2 |
Microsoft
MSFT
|
+$191M |
| 3 |
Amazon
AMZN
|
+$136M |
| 4 |
Meta Platforms (Facebook)
META
|
+$77M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$73.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.42% |
| 2 | Healthcare | 14.37% |
| 3 | Consumer Discretionary | 13.81% |
| 4 | Communication Services | 10.64% |
| 5 | Industrials | 8.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Valmont Industries
VMI
$9.52B
| $8.45M | 0.01% |
48,300
-100
| -0.2% | -$15.6K |
|
1027
Ovintiv
OVV
$17.5B
| $8.44M | 0.01% |
587,507
-1,400
| -0.2% | -$16.4K |
|
|
BCPC
1028
Balchem Corp
BCPC
$5.65B
| $8.43M | 0.01% |
73,200
| – | – |
|
1029
The Ensign Group
ENSG
$10.6B
| $8.43M | 0.01% |
115,600
| – | – |
|
1030
PTC Therapeutics
PTCT
$6.06B
| $8.41M | 0.01% |
137,765
+9,500
| +7% | +$560K |
|
1031
Advanced Energy
AEIS
$13.5B
| $8.41M | 0.01% |
86,700
| – | – |
|
|
DOC
1032
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $8.38M | 0.01% |
470,606
+11,500
| +3% | +$206K |
|
|
X
1033
DELISTED
US Steel
X
| $8.36M | 0.01% |
498,200
-1,300
| -0.3% | -$16.2K |
|
1034
Ormat Technologies
ORA
$6.97B
| $8.35M | 0.01% |
92,534
| – | – |
|
1035
Cerence
CRNC
$391M
| $8.35M | 0.01% |
83,050
+300
| +0.4% | +$22.4K |
|
1036
Avient
AVNT
$4.16B
| $8.34M | 0.01% |
207,100
| – | – |
|
|
HPP
1037
Hudson Pacific Properties
HPP
$777M
| $8.33M | 0.01% |
49,536
-100
| -0.2% | -$16.5K |
|
1038
Kornit Digital
KRNT
$758M
| $8.32M | 0.01% |
93,300
+400
| +0.4% | +$30.7K |
|
1039
Itron
ITRI
$4.49B
| $8.3M | 0.01% |
86,600
| – | – |
|
|
TXNM
1040
TXNM Energy Inc
TXNM
$5.91B
| $8.3M | 0.01% |
171,100
-400
| -0.2% | -$19.3K |
|
1041
Dick's Sporting Goods
DKS
$18.1B
| $8.28M | 0.01% |
147,300
| – | – |
|
1042
Simpson Manufacturing
SSD
$7.99B
| $8.27M | 0.01% |
88,500
-200
| -0.2% | -$18.6K |
|
1043
Cannae Holdings
CNNE
$675M
| $8.26M | 0.01% |
186,494
+2,900
| +2% | +$118K |
|
1044
Stantec
STN
$8.47B
| $8.24M | 0.01% |
254,070
+500
| +0.2% | +$15.3K |
|
1045
National Vision
EYE
$1.54B
| $8.24M | 0.01% |
181,900
| – | – |
|
1046
Brink's
BCO
$4.69B
| $8.24M | 0.01% |
114,400
| – | – |
|
|
COHR
1047
DELISTED
Coherent Inc
COHR
| $8.23M | 0.01% |
54,888
-100
| -0.2% | -$12.8K |
|
1048
WD-40
WDFC
$3.12B
| $8.21M | 0.01% |
30,900
-100
| -0.3% | -$24.2K |
|
1049
Enovis
ENOV
$1.42B
| $8.2M | 0.01% |
124,625
| – | – |
|
1050
Murphy USA
MUSA
$10.1B
| $8.2M | 0.01% |
62,667
-200
| -0.3% | -$25.7K |
|
Similar funds
Swiss National Bank's Q4 2020 Portfolio in Review
As of Q4 2020, Swiss National Bank held 2,555 positions worth $141B, up 10% from $128B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q4 2020 filing shows 125 new, 501 increased, 893 reduced and 65 closed positions. Its largest new stake was Cloudflare: 582,300 shares worth $44.2M. The largest sale was Apple, an estimated $349M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2020 buy was Cloudflare: 582,300 shares worth $44.2M.
- Swiss National Bank added most to Viatris in Q4 2020, an estimated $46.9M increase.
- Swiss National Bank's biggest Q4 2020 reduction was Apple, cutting an estimated $349M.
- Swiss National Bank fully exited Immunomedics Inc in Q4 2020, selling an estimated $37.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $141B portfolio in Q4 2020.
- Swiss National Bank opened 125 new positions and closed 65 in Q4 2020.
- Swiss National Bank's portfolio value rose 10% quarter-over-quarter to $141B.
Based on Swiss National Bank's 13F filing for Q4 2020, filed 5 Feb 2021.