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
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.8% |
| 2 | Healthcare | 15.34% |
| 3 | Consumer Discretionary | 12.54% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
American Eagle Outfitters
AEO
$2.73B
| $3.86M | ﹤0.01% |
354,100
+42,800
| +14% | +$405K |
|
1302
Clearway Energy Class C
CWEN
$7.06B
| $3.85M | ﹤0.01% |
166,950
+24,700
| +17% | +$522K |
|
1303
Evertec
EVTC
$1.91B
| $3.84M | ﹤0.01% |
136,574
+18,000
| +15% | +$477K |
|
|
UNIT
1304
Uniti Group
UNIT
$2.31B
| $3.83M | ﹤0.01% |
409,874
+35,000
| +9% | +$263K |
|
1305
Commault Systems
CVLT
$6.26B
| $3.82M | ﹤0.01% |
98,800
+14,600
| +17% | +$579K |
|
1306
Onto Innovation
ONTO
$20.6B
| $3.82M | ﹤0.01% |
112,241
+15,100
| +16% | +$491K |
|
|
JWN
1307
DELISTED
Nordstrom
JWN
| $3.82M | ﹤0.01% |
246,625
-175,100
| -42% | -$3.08M |
|
|
NSA
1308
DELISTED
National Storage Affiliates Trust
NSA
| $3.82M | ﹤0.01% |
133,279
+18,200
| +16% | +$522K |
|
1309
Hecla Mining
HL
$11.9B
| $3.82M | ﹤0.01% |
1,167,962
+207,000
| +22% | +$572K |
|
1310
Rambus
RMBS
$10.8B
| $3.81M | ﹤0.01% |
251,000
+34,800
| +16% | +$490K |
|
1311
Four Corners Property Trust
FCPT
$2.74B
| $3.81M | ﹤0.01% |
156,307
+22,600
| +17% | +$485K |
|
|
SAND
1312
DELISTED
Sandstorm Gold
SAND
| $3.8M | ﹤0.01% |
398,662
+58,600
| +17% | +$460K |
|
1313
Korn Ferry
KFY
$4.28B
| $3.79M | ﹤0.01% |
123,300
+14,200
| +13% | +$406K |
|
1314
Northwest Natural Holdings
NWN
$2.12B
| $3.79M | ﹤0.01% |
67,900
+8,900
| +15% | +$544K |
|
|
CMD
1315
DELISTED
Cantel Medical Corporation
CMD
| $3.78M | ﹤0.01% |
85,450
+11,100
| +15% | +$414K |
|
1316
World Kinect Corp
WKC
$1.89B
| $3.76M | ﹤0.01% |
145,900
+19,100
| +15% | +$470K |
|
1317
TransAlta
TAC
$3.92B
| $3.74M | ﹤0.01% |
635,100
+83,100
| +15% | +$478K |
|
|
TERP
1318
DELISTED
TerraForm Power, Inc
TERP
| $3.74M | ﹤0.01% |
202,791
+70,700
| +54% | +$1.25M |
|
1319
American Airlines Group
AAL
$9.97B
| $3.71M | ﹤0.01% |
283,800
-137,400
| -33% | -$1.67M |
|
1320
Yelp
YELP
$1.28B
| $3.71M | ﹤0.01% |
160,264
+24,300
| +18% | +$530K |
|
1321
Xencor
XNCR
$1.71B
| $3.71M | ﹤0.01% |
114,400
+15,400
| +16% | +$472K |
|
1322
Moog Inc Class A
MOG.A
$13.6B
| $3.7M | ﹤0.01% |
69,900
+7,400
| +12% | +$380K |
|
1323
Moelis & Co
MC
$4.91B
| $3.7M | ﹤0.01% |
118,600
+22,900
| +24% | +$719K |
|
1324
Installed Building Products
IBP
$6.46B
| $3.69M | ﹤0.01% |
53,633
+10,000
| +23% | +$554K |
|
1325
Compass Minerals
CMP
$1.12B
| $3.69M | ﹤0.01% |
75,650
+9,900
| +15% | +$459K |
|
Similar funds
Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.