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 | 26.63% |
| 2 | Healthcare | 14.53% |
| 3 | Consumer Discretionary | 13.88% |
| 4 | Communication Services | 10.7% |
| 5 | Industrials | 8.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
LXP Industrial Trust
LXP
$3.58B
| $6.65M | ﹤0.01% |
125,160
+960
| +0.8% | +$50.6K |
|
1177
Artisan Partners
APAM
$2.97B
| $6.63M | ﹤0.01% |
131,800
+1,200
| +0.9% | +$54.5K |
|
1178
American States Water
AWR
$3.49B
| $6.63M | ﹤0.01% |
83,400
-200
| -0.2% | -$15.3K |
|
1179
Under Armour Class C
UA
$2.25B
| $6.63M | ﹤0.01% |
445,400
| – | – |
|
|
ARNC
1180
DELISTED
Arconic Corporation
ARNC
| $6.63M | ﹤0.01% |
222,400
| – | – |
|
1181
COPT Defense Properties
CDP
$4.23B
| $6.61M | ﹤0.01% |
253,600
-600
| -0.2% | -$15.1K |
|
1182
Shake Shack
SHAK
$2.94B
| $6.6M | ﹤0.01% |
77,900
| – | – |
|
|
CVET
1183
DELISTED
Covetrus, Inc. Common Stock
CVET
| $6.6M | ﹤0.01% |
229,540
+1,200
| +0.5% | +$32.4K |
|
1184
Tenable Holdings
TENB
$4.41B
| $6.58M | ﹤0.01% |
125,900
+1,100
| +0.9% | +$43.6K |
|
1185
EXL Service
EXLS
$5.36B
| $6.58M | ﹤0.01% |
386,340
-2,500
| -0.6% | -$39.6K |
|
1186
FirstCash
FCFS
$9.28B
| $6.57M | ﹤0.01% |
93,812
| – | – |
|
1187
Rogers Corp
ROG
$2.48B
| $6.57M | ﹤0.01% |
42,300
| – | – |
|
|
CHX
1188
DELISTED
ChampionX
CHX
| $6.56M | ﹤0.01% |
428,922
| – | – |
|
|
TGNA
1189
DELISTED
TEGNA Inc
TGNA
| $6.56M | ﹤0.01% |
470,500
| – | – |
|
|
NUVA
1190
DELISTED
NuVasive, Inc.
NUVA
| $6.53M | ﹤0.01% |
115,869
-500
| -0.4% | -$24.6K |
|
1191
Silgan Holdings
SLGN
$4.3B
| $6.52M | ﹤0.01% |
175,900
| – | – |
|
|
NSTG
1192
DELISTED
NanoString Technologies, Inc.
NSTG
| $6.52M | ﹤0.01% |
97,500
+12,000
| +14% | +$602K |
|
|
CLDR
1193
DELISTED
Cloudera, Inc.
CLDR
| $6.52M | ﹤0.01% |
468,613
| – | – |
|
1194
Corcept Therapeutics
CORT
$12.1B
| $6.49M | ﹤0.01% |
248,200
+1,400
| +0.6% | +$29.5K |
|
1195
Madison Square Garden
MSGS
$9.97B
| $6.49M | ﹤0.01% |
35,233
-100
| -0.3% | -$16.5K |
|
|
MNTV
1196
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $6.48M | ﹤0.01% |
253,700
+3,400
| +1% | +$76.5K |
|
|
BLUE
1197
DELISTED
bluebird bio
BLUE
| $6.48M | ﹤0.01% |
11,557
+231
| +2% | +$146K |
|
1198
Fabrinet
FN
$20.3B
| $6.46M | ﹤0.01% |
83,240
| – | – |
|
|
TWOU
1199
DELISTED
2U Inc
TWOU
| $6.46M | ﹤0.01% |
5,380
| – | – |
|
1200
Hyatt Hotels
H
$16.8B
| $6.45M | ﹤0.01% |
+86,900
| New | +$5.66M |
|
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 27% 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.