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 |
ExxonMobil
XOM
|
+$153M |
| 2 |
GE Vernova
GEV
|
+$129M |
| 3 |
Ferrovial N.V. Ordinary Shares
FER
|
+$61.6M |
| 4 |
Solventum
SOLV
|
+$26.3M |
| 5 |
Strategy Inc
MSTR
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$184M |
| 2 |
GE Aerospace
GE
|
+$135M |
| 3 |
Apple
AAPL
|
+$104M |
| 4 |
Microsoft
MSFT
|
+$104M |
| 5 |
Meta Platforms (Facebook)
META
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.83% |
| 2 | Healthcare | 12.16% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.35% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Terex
TEX
$7.57B
| $7.23M | 0.01% |
131,800
-1,000
| -0.8% | -$59.3K |
|
1052
SL Green Realty
SLG
$4.08B
| $7.22M | 0.01% |
127,498
+600
| +0.5% | +$31.6K |
|
1053
Sterling Infrastructure
STRL
$16.9B
| $7.2M | ﹤0.01% |
60,800
| – | – |
|
|
MZTI
1054
The Marzetti Company
MZTI
$3.22B
| $7.17M | ﹤0.01% |
37,926
-100
| -0.3% | -$19.1K |
|
|
PPLI
1055
People Inc
PPLI
$3.01B
| $7.14M | ﹤0.01% |
185,776
+3,048
| +2% | +$126K |
|
1056
ONE Gas
OGS
$5.09B
| $7.1M | ﹤0.01% |
111,213
+1,600
| +1% | +$100K |
|
|
ALTM
1057
DELISTED
Arcadium Lithium plc
ALTM
| $7.1M | ﹤0.01% |
2,113,021
-7,700
| -0.4% | -$32.2K |
|
1058
Silgan Holdings
SLGN
$4.46B
| $7.09M | ﹤0.01% |
167,600
-500
| -0.3% | -$23.2K |
|
1059
Compañía de Minas Buenaventura
BVN
$8.55B
| $7.09M | ﹤0.01% |
418,262
-67,800
| -14% | -$1.15M |
|
1060
Legend Biotech
LEGN
$3.93B
| $7.09M | ﹤0.01% |
159,994
| – | – |
|
1061
BCE
BCE
$21.7B
| $7.08M | ﹤0.01% |
218,809
-1,700
| -0.8% | -$56.7K |
|
1062
NexGen Energy
NXE
$6.97B
| $7.07M | ﹤0.01% |
1,015,400
+26,400
| +3% | +$202K |
|
1063
CleanSpark
CLSK
$2.96B
| $7.07M | ﹤0.01% |
443,300
+78,500
| +22% | +$1.32M |
|
1064
Herc Holdings
HRI
$5.64B
| $7.07M | ﹤0.01% |
53,046
-2,700
| -5% | -$399K |
|
|
ALE
1065
DELISTED
Allete
ALE
| $7.07M | ﹤0.01% |
113,400
+300
| +0.3% | +$18.5K |
|
1066
First Financial Bankshares
FFIN
$5.04B
| $7.05M | ﹤0.01% |
238,700
-28,500
| -11% | -$853K |
|
1067
RH
RH
$3.4B
| $7.05M | ﹤0.01% |
28,830
+100
| +0.3% | +$26.3K |
|
1068
Hudbay
HBM
$11.8B
| $7.05M | ﹤0.01% |
779,300
+83,700
| +12% | +$726K |
|
|
TPH
1069
DELISTED
Tri Pointe Homes
TPH
| $7.03M | ﹤0.01% |
188,847
-2,700
| -1% | -$102K |
|
1070
MSC Industrial Direct
MSM
$6.77B
| $7.03M | ﹤0.01% |
88,600
-400
| -0.4% | -$35.5K |
|
1071
Helmerich & Payne
HP
$4.3B
| $7.03M | ﹤0.01% |
194,400
-1,600
| -0.8% | -$61.5K |
|
1072
Sabra Healthcare REIT
SBRA
$5.15B
| $7.02M | ﹤0.01% |
455,641
| – | – |
|
1073
Q2 Holdings
QTWO
$4.13B
| $7.01M | ﹤0.01% |
116,200
+500
| +0.4% | +$28.7K |
|
|
DOO
1074
Bombardier Recreational Products
DOO
$4.75B
| $6.97M | ﹤0.01% |
108,944
+1,700
| +2% | +$115K |
|
1075
Madrigal Pharmaceuticals
MDGL
$11.7B
| $6.95M | ﹤0.01% |
24,800
+1,400
| +6% | +$333K |
|
Similar funds
Swiss National Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Swiss National Bank held 2,546 positions worth $146B, up 2% from $143B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Swiss National Bank's Q2 2024 filing shows 41 new, 569 increased, 1,097 reduced and 88 closed positions. Its largest new stake was GE Vernova: 811,465 shares worth $139M. The largest sale was Pioneer Natural Resource Co., an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2024 buy was GE Vernova: 811,465 shares worth $139M.
- Swiss National Bank added most to ExxonMobil in Q2 2024, an estimated $153M increase.
- Swiss National Bank's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $135M.
- Swiss National Bank fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $184M.
- Swiss National Bank's ten largest holdings make up 33% of its $146B portfolio in Q2 2024.
- Swiss National Bank opened 41 new positions and closed 88 in Q2 2024.
- Swiss National Bank's portfolio value rose 2% quarter-over-quarter to $146B.
Based on Swiss National Bank's 13F filing for Q2 2024, filed 8 Aug 2024.