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 |
Apple
AAPL
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Healthcare | 16.11% |
| 3 | Consumer Discretionary | 11.47% |
| 4 | Communication Services | 10.62% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Apple Hospitality REIT
APLE
$3.79B
| $3.78M | ﹤0.01% |
412,410
+5,300
| +1% | +$69.6K |
|
1077
Varonis Systems
VRNS
$5.19B
| $3.76M | ﹤0.01% |
177,354
+3,300
| +2% | +$86.4K |
|
|
CSFL
1078
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.76M | ﹤0.01% |
218,391
-3,900
| -2% | -$84.5K |
|
|
ACB
1079
Aurora Cannabis
ACB
$227M
| $3.76M | ﹤0.01% |
35,611
+14,712
| +70% | +$2.63M |
|
1080
Synaptics
SYNA
$4.23B
| $3.76M | ﹤0.01% |
64,900
+1,900
| +3% | +$129K |
|
1081
Protolabs
PRLB
$2.17B
| $3.75M | ﹤0.01% |
49,300
+400
| +0.8% | +$37.1K |
|
1082
Outfront Media
OUT
$5.31B
| $3.75M | ﹤0.01% |
282,801
+4,064
| +1% | +$99.3K |
|
1083
Columbia Banking Systems
COLB
$9.22B
| $3.74M | ﹤0.01% |
139,707
| – | – |
|
|
ELME
1084
Elme Communities
ELME
$145M
| $3.73M | ﹤0.01% |
156,300
+3,000
| +2% | +$85.1K |
|
1085
Sanmina
SANM
$11.2B
| $3.7M | ﹤0.01% |
135,700
+2,400
| +2% | +$69.9K |
|
1086
Saia
SAIA
$10.2B
| $3.7M | ﹤0.01% |
50,300
+700
| +1% | +$61.4K |
|
1087
Vishay Intertechnology
VSH
$5.35B
| $3.7M | ﹤0.01% |
256,600
+3,300
| +1% | +$62.3K |
|
1088
The Ensign Group
ENSG
$10.6B
| $3.7M | ﹤0.01% |
98,300
+1,200
| +1% | +$52.6K |
|
1089
EPR Properties
EPR
$4.72B
| $3.69M | ﹤0.01% |
152,188
+3,700
| +2% | +$212K |
|
1090
Home BancShares
HOMB
$6.3B
| $3.69M | ﹤0.01% |
307,407
+2,900
| +1% | +$50.3K |
|
1091
Park Hotels & Resorts
PK
$3.04B
| $3.67M | ﹤0.01% |
464,297
+5,300
| +1% | +$99.6K |
|
|
IBKC
1092
DELISTED
IBERIABANK Corp
IBKC
| $3.66M | ﹤0.01% |
101,323
+600
| +0.6% | +$37.4K |
|
1093
Element Solutions
ESI
$9.47B
| $3.66M | ﹤0.01% |
438,189
-4,000
| -0.9% | -$42.5K |
|
1094
Globant
GLOB
$1.58B
| $3.65M | ﹤0.01% |
41,556
| – | – |
|
1095
Fulton Financial
FULT
$4.73B
| $3.65M | ﹤0.01% |
317,700
| – | – |
|
1096
Northwest Natural Holdings
NWN
$2.14B
| $3.64M | ﹤0.01% |
59,000
+700
| +1% | +$48.9K |
|
1097
Wintrust Financial
WTFC
$11B
| $3.64M | ﹤0.01% |
110,667
+2,200
| +2% | +$122K |
|
1098
Commercial Metals
CMC
$8B
| $3.63M | ﹤0.01% |
230,100
+4,400
| +2% | +$83.8K |
|
1099
CNO Financial Group
CNO
$5.12B
| $3.63M | ﹤0.01% |
293,100
-5,400
| -2% | -$88.5K |
|
|
ISBC
1100
DELISTED
Investors Bancorp, Inc.
ISBC
| $3.62M | ﹤0.01% |
452,976
+2,700
| +0.6% | +$29K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.