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 | |
|---|---|---|---|---|---|---|
|
TPH
1226
DELISTED
Tri Pointe Homes
TPH
| $4.01M | ﹤0.01% |
266,847
+3,300
| +1% | +$45K |
|
|
MDC
1227
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.99M | ﹤0.01% |
100,071
+1,728
| +2% | +$60.7K |
|
|
LTXB
1228
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.99M | ﹤0.01% |
91,700
+1,300
| +1% | +$54K |
|
|
ACIA
1229
DELISTED
Acacia Communications Inc
ACIA
| $3.98M | ﹤0.01% |
60,900
+900
| +2% | +$57K |
|
1230
Galicia Financial Group
GGAL
$7.1B
| $3.98M | ﹤0.01% |
305,603
+121,800
| +66% | +$2.87M |
|
1231
Elastic
ESTC
$8.94B
| $3.98M | ﹤0.01% |
48,300
+600
| +1% | +$53.3K |
|
1232
Jack in the Box
JACK
$358M
| $3.97M | ﹤0.01% |
43,600
+400
| +0.9% | +$33.3K |
|
1233
Quaker Houghton
KWR
$2.95B
| $3.97M | ﹤0.01% |
25,100
+300
| +1% | +$51.4K |
|
1234
The GEO Group
GEO
$4.14B
| $3.96M | ﹤0.01% |
228,100
+3,500
| +2% | +$62.8K |
|
1235
Belden
BDC
$5.39B
| $3.95M | ﹤0.01% |
74,100
+700
| +1% | +$35.1K |
|
1236
Trustmark
TRMK
$2.79B
| $3.95M | ﹤0.01% |
115,700
+500
| +0.4% | +$16.8K |
|
1237
Myriad Genetics
MYGN
$309M
| $3.94M | ﹤0.01% |
137,800
+1,500
| +1% | +$43.7K |
|
|
CHX
1238
DELISTED
ChampionX
CHX
| $3.93M | ﹤0.01% |
145,400
+1,500
| +1% | +$43.8K |
|
|
DAY
1239
DELISTED
Dayforce
DAY
| $3.93M | ﹤0.01% |
79,600
+2,500
| +3% | +$131K |
|
|
GTLS
1240
DELISTED
Chart Industries
GTLS
| $3.92M | ﹤0.01% |
62,900
+800
| +1% | +$54.2K |
|
1241
Kinsale Capital Group
KNSL
$8.51B
| $3.92M | ﹤0.01% |
37,962
+400
| +1% | +$38.4K |
|
|
ROIC
1242
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.92M | ﹤0.01% |
215,100
+3,000
| +1% | +$53.8K |
|
1243
Ares Management
ARES
$32.1B
| $3.91M | ﹤0.01% |
145,866
+2,100
| +1% | +$60K |
|
1244
Dana Inc
DAN
$3.26B
| $3.91M | ﹤0.01% |
270,800
+4,000
| +1% | +$62.1K |
|
|
CUB
1245
DELISTED
Cubic Corporation
CUB
| $3.91M | ﹤0.01% |
55,500
+400
| +0.7% | +$27.4K |
|
1246
PENN Entertainment
PENN
$2.57B
| $3.89M | ﹤0.01% |
208,810
+3,000
| +1% | +$56.8K |
|
1247
Core Laboratories
CLB
$571M
| $3.88M | ﹤0.01% |
83,300
+800
| +1% | +$37.2K |
|
1248
ESCO Technologies
ESE
$7.78B
| $3.88M | ﹤0.01% |
48,800
+600
| +1% | +$47.7K |
|
1249
Diamondrock Hospitality Co
DRH
$2.5B
| $3.88M | ﹤0.01% |
378,600
+3,800
| +1% | +$37.5K |
|
1250
Northwest Natural Holdings
NWN
$2.12B
| $3.88M | ﹤0.01% |
54,400
+700
| +1% | +$49.6K |
|
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.