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 | |
|---|---|---|---|---|---|---|
1351
Capitol Federal Financial
CFFN
$1.09B
| $3.27M | ﹤0.01% |
244,600
+12,300
| +5% | +$163K |
|
|
ODP
1352
DELISTED
ODP
ODP
| $3.26M | ﹤0.01% |
89,750
+1,510
| +2% | +$48.4K |
|
|
IBTX
1353
DELISTED
Independent Bank Group, Inc.
IBTX
| $3.26M | ﹤0.01% |
63,522
+12,900
| +25% | +$694K |
|
|
AXE
1354
DELISTED
Anixter International Inc
AXE
| $3.25M | ﹤0.01% |
58,000
+1,800
| +3% | +$105K |
|
1355
Otter Tail
OTTR
$3.9B
| $3.24M | ﹤0.01% |
65,100
+2,000
| +3% | +$98.2K |
|
1356
Stepan Co
SCL
$1.48B
| $3.24M | ﹤0.01% |
37,000
+1,200
| +3% | +$104K |
|
|
HF
1357
DELISTED
HFF Inc.
HF
| $3.23M | ﹤0.01% |
67,700
+2,000
| +3% | +$85K |
|
|
SUM
1358
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $3.23M | ﹤0.01% |
206,918
+6,204
| +3% | +$97K |
|
|
ECHO
1359
EchoStar
ECHO
$26.7B
| $3.22M | ﹤0.01% |
109,086
+3,332
| +3% | +$105K |
|
1360
Varonis Systems
VRNS
$5.18B
| $3.2M | ﹤0.01% |
161,154
+6,000
| +4% | +$114K |
|
1361
CNX Resources
CNX
$5.31B
| $3.2M | ﹤0.01% |
296,858
-4,500
| -1% | -$50.8K |
|
1362
Gray Television
GTN
$533M
| $3.19M | ﹤0.01% |
149,500
+4,500
| +3% | +$83.9K |
|
1363
LivePerson
LPSN
$35.3M
| $3.19M | ﹤0.01% |
7,320
+333
| +5% | +$125K |
|
1364
Inogen
INGN
$153M
| $3.18M | ﹤0.01% |
33,300
+1,200
| +4% | +$150K |
|
|
ALEX
1365
DELISTED
Alexander & Baldwin
ALEX
| $3.17M | ﹤0.01% |
124,720
+3,700
| +3% | +$84.9K |
|
1366
ESCO Technologies
ESE
$7.96B
| $3.17M | ﹤0.01% |
47,300
+1,500
| +3% | +$100K |
|
|
ADSW
1367
DELISTED
Advanced Disposal Services Inc
ADSW
| $3.17M | ﹤0.01% |
113,100
+3,400
| +3% | +$88.4K |
|
|
IPHI
1368
DELISTED
INPHI CORPORATION
IPHI
| $3.16M | ﹤0.01% |
72,300
+2,500
| +4% | +$99.5K |
|
1369
Kaiser Aluminum
KALU
$3B
| $3.14M | ﹤0.01% |
30,000
+500
| +2% | +$50.9K |
|
|
LTXB
1370
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.14M | ﹤0.01% |
83,900
+2,700
| +3% | +$105K |
|
1371
Crocs
CROX
$6.28B
| $3.14M | ﹤0.01% |
121,800
+1,400
| +1% | +$38.3K |
|
1372
Evertec
EVTC
$1.89B
| $3.13M | ﹤0.01% |
112,674
+3,400
| +3% | +$96.1K |
|
|
ESGR
1373
DELISTED
Enstar Group
ESGR
| $3.13M | ﹤0.01% |
18,000
+500
| +3% | +$86.8K |
|
|
CPE
1374
DELISTED
Callon Petroleum Company
CPE
| $3.13M | ﹤0.01% |
41,480
+1,240
| +3% | +$96.1K |
|
|
ESV
1375
DELISTED
Ensco Rowan plc
ESV
| $3.13M | ﹤0.01% |
199,160
+5,925
| +3% | +$103K |
|
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.