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 |
Apple
AAPL
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Healthcare | 16.11% |
| 3 | Consumer Discretionary | 11.47% |
| 4 | Communication Services | 10.62% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
Corcept Therapeutics
CORT
$12.3B
| $2.37M | ﹤0.01% |
199,500
+3,600
| +2% | +$44.6K |
|
|
SAIL
1352
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $2.37M | ﹤0.01% |
155,700
+2,100
| +1% | +$47.7K |
|
|
TPH
1353
DELISTED
Tri Pointe Homes
TPH
| $2.37M | ﹤0.01% |
270,047
-2,200
| -0.8% | -$32.2K |
|
1354
Nu Skin
NUS
$238M
| $2.35M | ﹤0.01% |
107,700
+1,400
| +1% | +$42.1K |
|
1355
Liberty Latin America Class C
LILAK
$1.65B
| $2.35M | ﹤0.01% |
267,401
+3,855
| +1% | +$51.9K |
|
1356
Shake Shack
SHAK
$3.03B
| $2.35M | ﹤0.01% |
62,200
+6,700
| +12% | +$397K |
|
|
FLOW
1357
DELISTED
SPX FLOW, Inc.
FLOW
| $2.35M | ﹤0.01% |
82,518
+1,000
| +1% | +$38.1K |
|
1358
Laureate Education
LAUR
$5.15B
| $2.34M | ﹤0.01% |
223,000
+18,300
| +9% | +$317K |
|
1359
Glaukos
GKOS
$11B
| $2.33M | ﹤0.01% |
75,600
+1,000
| +1% | +$51.3K |
|
1360
Pricesmart
PSMT
$5.51B
| $2.33M | ﹤0.01% |
44,400
+500
| +1% | +$29.2K |
|
1361
Boyd Gaming
BYD
$6.1B
| $2.33M | ﹤0.01% |
161,700
+2,100
| +1% | +$53.8K |
|
1362
OSI Systems
OSIS
$3.79B
| $2.33M | ﹤0.01% |
33,800
+700
| +2% | +$59.8K |
|
1363
Global Net Lease
GNL
$1.86B
| $2.32M | ﹤0.01% |
173,467
+11,700
| +7% | +$218K |
|
|
PRO
1364
DELISTED
PROS Holdings
PRO
| $2.31M | ﹤0.01% |
74,300
+5,000
| +7% | +$250K |
|
|
BMCH
1365
DELISTED
BMC Stock Holdings, Inc
BMCH
| $2.29M | ﹤0.01% |
129,419
+1,800
| +1% | +$46.9K |
|
|
DOOR
1366
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.29M | ﹤0.01% |
48,277
+400
| +0.8% | +$28.3K |
|
1367
First Interstate BancSystem
FIBK
$3.72B
| $2.29M | ﹤0.01% |
79,283
+1,300
| +2% | +$46.6K |
|
1368
Walker & Dunlop
WD
$1.47B
| $2.29M | ﹤0.01% |
56,800
+1,000
| +2% | +$63K |
|
1369
Delek US
DK
$4.08B
| $2.27M | ﹤0.01% |
144,319
| – | – |
|
1370
Northwest Bancshares
NWBI
$2.32B
| $2.27M | ﹤0.01% |
196,500
+2,600
| +1% | +$37.9K |
|
1371
B&G Foods
BGS
$293M
| $2.27M | ﹤0.01% |
125,200
| – | – |
|
|
UNIT
1372
Uniti Group
UNIT
$2.42B
| $2.26M | ﹤0.01% |
374,874
+5,100
| +1% | +$40K |
|
|
GCP
1373
DELISTED
GCP Applied Technologies Inc.
GCP
| $2.26M | ﹤0.01% |
126,900
+1,700
| +1% | +$36K |
|
|
GOOS
1374
Canada Goose Holdings
GOOS
$848M
| $2.26M | ﹤0.01% |
114,900
+2,900
| +3% | +$81.1K |
|
|
MDC
1375
DELISTED
M.D.C. Holdings, Inc.
MDC
| $2.25M | ﹤0.01% |
104,931
+2,484
| +2% | +$87K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.