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
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Dorman Products
DORM
$3.95B
| $4.18M | ﹤0.01% |
52,500
+400
| +0.8% | +$31K |
|
1202
Genworth Financial
GNW
$3.79B
| $4.17M | ﹤0.01% |
947,086
+15,000
| +2% | +$62.6K |
|
1203
Sanmina
SANM
$11.2B
| $4.16M | ﹤0.01% |
129,500
+2,100
| +2% | +$64.4K |
|
|
AXE
1204
DELISTED
Anixter International Inc
AXE
| $4.15M | ﹤0.01% |
60,000
+800
| +1% | +$49K |
|
1205
LivePerson
LPSN
$35.9M
| $4.14M | ﹤0.01% |
7,727
+194
| +3% | +$103K |
|
|
DHC
1206
Diversified Healthcare Trust
DHC
$2.02B
| $4.13M | ﹤0.01% |
446,100
+3,700
| +0.8% | +$31.9K |
|
|
AEL
1207
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.13M | ﹤0.01% |
170,700
+2,300
| +1% | +$55.6K |
|
1208
Applied Industrial Technologies
AIT
$13B
| $4.12M | ﹤0.01% |
72,600
+500
| +0.7% | +$28.1K |
|
1209
QuidelOrtho
QDEL
$1.03B
| $4.12M | ﹤0.01% |
67,200
+1,200
| +2% | +$72.2K |
|
1210
Advanced Energy
AEIS
$13.5B
| $4.12M | ﹤0.01% |
71,700
+600
| +0.8% | +$32.4K |
|
|
ELME
1211
Elme Communities
ELME
$144M
| $4.11M | ﹤0.01% |
150,300
+1,600
| +1% | +$43.2K |
|
1212
Invesco Mortgage Capital
IVR
$805M
| $4.11M | ﹤0.01% |
26,830
+3,070
| +13% | +$487K |
|
1213
Korn Ferry
KFY
$4.28B
| $4.11M | ﹤0.01% |
106,300
+800
| +0.8% | +$30.9K |
|
1214
Innospec
IOSP
$2.31B
| $4.1M | ﹤0.01% |
46,003
+500
| +1% | +$44.8K |
|
1215
SITE Centers
SITC
$156M
| $4.1M | ﹤0.01% |
347,739
+3,461
| +1% | +$37.7K |
|
|
FMBI
1216
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.08M | ﹤0.01% |
209,400
+11,500
| +6% | +$229K |
|
1217
LXP Industrial Trust
LXP
$3.58B
| $4.08M | ﹤0.01% |
79,540
+820
| +1% | +$41K |
|
1218
First Bancorp
FBP
$4.49B
| $4.08M | ﹤0.01% |
408,300
+4,100
| +1% | +$41.6K |
|
|
PRA
1219
DELISTED
ProAssurance
PRA
| $4.08M | ﹤0.01% |
101,200
+1,400
| +1% | +$54.2K |
|
1220
Trinity Industries
TRN
$2.3B
| $4.07M | ﹤0.01% |
207,000
-3,900
| -2% | -$73.7K |
|
1221
Glaukos
GKOS
$11.2B
| $4.06M | ﹤0.01% |
65,000
+1,100
| +2% | +$77.5K |
|
1222
International Bancshares
IBOC
$4.52B
| $4.06M | ﹤0.01% |
105,100
+1,300
| +1% | +$47.6K |
|
|
CVSA
1223
Covista Inc
CVSA
$4.36B
| $4.06M | ﹤0.01% |
106,500
-1,000
| -0.9% | -$44.9K |
|
1224
Deluxe
DLX
$1.09B
| $4.04M | ﹤0.01% |
82,200
+900
| +1% | +$40.1K |
|
1225
Empire State Realty Trust
ESRT
$817M
| $4.02M | ﹤0.01% |
281,600
+4,800
| +2% | +$67.8K |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.