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 |
Alibaba
BABA
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.6% |
| 2 | Healthcare | 15.16% |
| 3 | Consumer Discretionary | 12.49% |
| 4 | Communication Services | 10.41% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Dick's Sporting Goods
DKS
$18.1B
| $5.86M | 0.01% |
142,000
+18,700
| +15% | +$594K |
|
1052
PennyMac Financial
PFSI
$4B
| $5.86M | 0.01% |
140,200
+18,500
| +15% | +$586K |
|
1053
SPS Commerce
SPSC
$2.86B
| $5.84M | ﹤0.01% |
77,800
+10,200
| +15% | +$621K |
|
1054
LivePerson
LPSN
$34.1M
| $5.82M | ﹤0.01% |
9,360
+1,227
| +15% | +$571K |
|
1055
EPR Properties
EPR
$4.7B
| $5.81M | ﹤0.01% |
175,388
+23,200
| +15% | +$689K |
|
1056
Advanced Energy
AEIS
$13.5B
| $5.8M | ﹤0.01% |
85,500
+11,200
| +15% | +$667K |
|
|
EE
1057
DELISTED
El Paso Electric Company
EE
| $5.78M | ﹤0.01% |
86,300
+7,300
| +9% | +$494K |
|
1058
Ormat Technologies
ORA
$6.97B
| $5.78M | ﹤0.01% |
91,034
+16,900
| +23% | +$1.11M |
|
1059
Gaotu Techedu
GOTU
$410M
| $5.74M | ﹤0.01% |
+95,600
| New | +$3.79M |
|
|
PCH
1060
DELISTED
PotlatchDeltic
PCH
| $5.72M | ﹤0.01% |
150,322
+19,900
| +15% | +$673K |
|
|
CLDR
1061
DELISTED
Cloudera, Inc.
CLDR
| $5.71M | ﹤0.01% |
448,713
+14,900
| +3% | +$143K |
|
1062
Advanced Drainage Systems
WMS
$11.3B
| $5.69M | ﹤0.01% |
115,100
+15,800
| +16% | +$649K |
|
|
MNTV
1063
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $5.66M | ﹤0.01% |
240,400
+188,200
| +361% | +$3.43M |
|
|
SPR
1064
DELISTED
Spirit AeroSystems
SPR
| $5.65M | ﹤0.01% |
236,031
-165,800
| -41% | -$3.76M |
|
|
CHNG
1065
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $5.65M | ﹤0.01% |
504,551
+66,200
| +15% | +$744K |
|
1066
Plug Power
PLUG
$3.21B
| $5.64M | ﹤0.01% |
687,400
+103,500
| +18% | +$484K |
|
1067
Cracker Barrel
CBRL
$1.31B
| $5.63M | ﹤0.01% |
50,750
+11,200
| +28% | +$1.11M |
|
1068
Wintrust Financial
WTFC
$11B
| $5.63M | ﹤0.01% |
128,967
+18,300
| +17% | +$731K |
|
1069
Chemours
CC
$2.29B
| $5.62M | ﹤0.01% |
366,100
+49,000
| +15% | +$619K |
|
|
ACIA
1070
DELISTED
Acacia Communications Inc
ACIA
| $5.62M | ﹤0.01% |
83,600
+19,600
| +31% | +$1.33M |
|
1071
Crocs
CROX
$6.26B
| $5.61M | ﹤0.01% |
152,400
+32,400
| +27% | +$857K |
|
1072
Itron
ITRI
$4.49B
| $5.61M | ﹤0.01% |
84,700
+15,600
| +23% | +$994K |
|
1073
Silgan Holdings
SLGN
$4.3B
| $5.61M | ﹤0.01% |
173,100
+22,700
| +15% | +$739K |
|
|
BLDP
1074
Ballard Power Systems
BLDP
$790M
| $5.6M | ﹤0.01% |
366,600
+1,700
| +0.5% | +$18.6K |
|
1075
CVB Financial
CVBF
$4.05B
| $5.57M | ﹤0.01% |
297,100
+79,700
| +37% | +$1.52M |
|
Similar funds
Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.