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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.02% |
| 2 | Healthcare | 15.44% |
| 3 | Consumer Discretionary | 11.89% |
| 4 | Communication Services | 10.26% |
| 5 | Industrials | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VG
1201
DELISTED
Vonage Holdings Corporation
VG
| $4.17M | ﹤0.01% |
414,800
+13,200
| +3% | +$127K |
|
1202
Brady Corp
BRC
$4.43B
| $4.14M | ﹤0.01% |
89,200
+4,000
| +5% | +$184K |
|
1203
Dr. Reddy's Laboratories
RDY
$10.2B
| $4.14M | ﹤0.01% |
520,810
| – | – |
|
1204
PENN Entertainment
PENN
$2.54B
| $4.14M | ﹤0.01% |
205,810
+9,300
| +5% | +$218K |
|
|
SAIL
1205
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $4.14M | ﹤0.01% |
144,000
+27,800
| +24% | +$792K |
|
|
ELME
1206
Elme Communities
ELME
$146M
| $4.13M | ﹤0.01% |
145,500
+6,400
| +5% | +$167K |
|
1207
Edgewell Personal Care
EPC
$1.3B
| $4.1M | ﹤0.01% |
93,500
+2,700
| +3% | +$113K |
|
1208
Diamondrock Hospitality Co
DRH
$2.54B
| $4.1M | ﹤0.01% |
378,900
+11,400
| +3% | +$118K |
|
1209
Coherent
COHR
$67.5B
| $4.1M | ﹤0.01% |
110,100
+3,300
| +3% | +$122K |
|
1210
Unifirst Corp
UNF
$5.21B
| $4.1M | ﹤0.01% |
26,700
+800
| +3% | +$112K |
|
1211
Watts Water Technologies
WTS
$12.8B
| $4.09M | ﹤0.01% |
50,600
+1,400
| +3% | +$107K |
|
1212
Insmed
INSM
$27.1B
| $4.08M | ﹤0.01% |
140,500
+4,300
| +3% | +$111K |
|
1213
Ares Management
ARES
$33.1B
| $4.08M | ﹤0.01% |
175,866
+10,600
| +6% | +$232K |
|
|
MYOK
1214
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $4.07M | ﹤0.01% |
78,290
+21,500
| +38% | +$990K |
|
1215
Urban Outfitters
URBN
$6.59B
| $4.07M | ﹤0.01% |
137,273
+2,400
| +2% | +$73.9K |
|
1216
InterDigital
IDCC
$8.91B
| $4.06M | ﹤0.01% |
61,600
| – | – |
|
1217
Wingstop
WING
$3.29B
| $4.06M | ﹤0.01% |
53,400
+1,600
| +3% | +$109K |
|
1218
Acadia Realty Trust
AKR
$2.87B
| $4.05M | ﹤0.01% |
148,600
+4,500
| +3% | +$124K |
|
1219
SiteOne Landscape Supply
SITE
$4.29B
| $4.04M | ﹤0.01% |
70,700
+2,600
| +4% | +$142K |
|
|
ARNA
1220
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $4.04M | ﹤0.01% |
90,030
+2,800
| +3% | +$128K |
|
|
CSFL
1221
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $4.04M | ﹤0.01% |
169,496
+26,700
| +19% | +$660K |
|
1222
Sally Beauty Holdings
SBH
$1.56B
| $4.03M | ﹤0.01% |
218,900
+6,500
| +3% | +$116K |
|
1223
AMN Healthcare
AMN
$1.33B
| $4.02M | ﹤0.01% |
85,400
+1,400
| +2% | +$77.6K |
|
|
MDP
1224
DELISTED
Meredith Corporation
MDP
| $4.02M | ﹤0.01% |
72,700
+2,400
| +3% | +$133K |
|
1225
Repligen
RGEN
$9.33B
| $4.01M | ﹤0.01% |
67,900
+2,100
| +3% | +$121K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.