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 | |
|---|---|---|---|---|---|---|
1026
Intellia Therapeutics
NTLA
$1.66B
| $8.17M | 0.01% |
157,800
-600
| -0.4% | -$30.5K |
|
1027
IPG Photonics
IPGP
$3.71B
| $8.16M | 0.01% |
86,700
-74,969
| -46% | -$7.41M |
|
1028
Onto Innovation
ONTO
$20.6B
| $8.13M | 0.01% |
116,541
| – | – |
|
1029
Radian Group
RDN
$4.87B
| $8.12M | 0.01% |
413,450
-10,600
| -2% | -$223K |
|
1030
Fluor
FLR
$6.96B
| $8.11M | 0.01% |
333,200
-1,200
| -0.4% | -$32.2K |
|
|
TRTN
1031
DELISTED
Triton International Limited
TRTN
| $8.09M | 0.01% |
153,700
-4,200
| -3% | -$254K |
|
1032
Zurn Elkay Water Solutions
ZWS
$8.46B
| $8.07M | 0.01% |
296,200
+9,300
| +3% | +$282K |
|
|
AMED
1033
DELISTED
Amedisys
AMED
| $8.05M | 0.01% |
76,600
-500
| -0.6% | -$63.9K |
|
1034
Community Bank
CBU
$3.43B
| $8.04M | 0.01% |
127,000
-500
| -0.4% | -$32.8K |
|
1035
Fox Factory Holding Corp
FOXF
$886M
| $8.01M | 0.01% |
99,500
| – | – |
|
1036
Patterson-UTI
PTEN
$4.2B
| $7.99M | 0.01% |
507,100
-1,500
| -0.3% | -$25.2K |
|
1037
Watts Water Technologies
WTS
$12.9B
| $7.97M | 0.01% |
64,900
-300
| -0.5% | -$38.9K |
|
1038
Sensient Technologies
SXT
$5.53B
| $7.97M | 0.01% |
98,900
-400
| -0.4% | -$33.2K |
|
|
JHG
1039
DELISTED
Janus Henderson
JHG
| $7.96M | 0.01% |
338,505
-24,500
| -7% | -$704K |
|
1040
First Interstate BancSystem
FIBK
$3.7B
| $7.94M | 0.01% |
208,446
| – | – |
|
1041
Ziff Davis
ZD
$1.92B
| $7.92M | 0.01% |
106,231
-2,100
| -2% | -$174K |
|
1042
Broadstone Net Lease
BNL
$4.31B
| $7.9M | 0.01% |
385,000
+3,600
| +0.9% | +$75.3K |
|
|
TPTX
1043
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $7.89M | 0.01% |
104,900
+5,500
| +6% | +$244K |
|
1044
Spectrum Brands
SPB
$2.03B
| $7.88M | 0.01% |
96,099
+3,600
| +4% | +$309K |
|
1045
Haemonetics
HAE
$4.11B
| $7.87M | 0.01% |
120,800
| – | – |
|
1046
Ollie's Bargain Outlet
OLLI
$4.73B
| $7.87M | 0.01% |
133,900
-4,600
| -3% | -$233K |
|
1047
GATX Corp
GATX
$6.34B
| $7.85M | 0.01% |
83,400
+3,600
| +5% | +$384K |
|
1048
CNX Resources
CNX
$5.29B
| $7.85M | 0.01% |
476,958
-22,400
| -4% | -$459K |
|
1049
ICU Medical
ICUI
$4.58B
| $7.84M | 0.01% |
47,719
| – | – |
|
1050
Travel + Leisure Co
TNL
$4.58B
| $7.84M | 0.01% |
201,900
-2,300
| -1% | -$113K |
|
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.