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 |
Nu Holdings
NU
|
+$90.5M |
| 2 |
SW
Smurfit Westrock
SW
|
+$70M |
| 3 |
Pinduoduo
PDD
|
+$28.2M |
| 4 |
Microsoft
MSFT
|
+$24.7M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$21.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$118M |
| 2 |
Apple
AAPL
|
+$43.5M |
| 3 |
WRK
WestRock Company
WRK
|
+$38.2M |
| 4 |
Danaher
DHR
|
+$27.6M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.62% |
| 2 | Healthcare | 12.18% |
| 3 | Consumer Discretionary | 11.62% |
| 4 | Industrials | 9.21% |
| 5 | Communication Services | 9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
OSI Systems
OSIS
$3.82B
| $4.81M | ﹤0.01% |
31,700
-100
| -0.3% | -$14.4K |
|
1352
Intapp
INTA
$3.05B
| $4.8M | ﹤0.01% |
100,400
+13,900
| +16% | +$560K |
|
1353
DigitalBridge
DBRG
$2.95B
| $4.79M | ﹤0.01% |
338,925
+16,600
| +5% | +$220K |
|
1354
Liberty Live Group Series C
LLYVK
$9.8B
| $4.78M | ﹤0.01% |
93,145
-1,000
| -1% | -$40K |
|
1355
Outfront Media
OUT
$5.29B
| $4.77M | ﹤0.01% |
263,396
-1,828
| -0.7% | -$29K |
|
1356
ATS Corp
ATS
$2B
| $4.75M | ﹤0.01% |
163,600
-3,000
| -2% | -$86.7K |
|
|
PPBI
1357
DELISTED
Pacific Premier Bancorp
PPBI
| $4.75M | ﹤0.01% |
188,957
| – | – |
|
|
HTLF
1358
DELISTED
Heartland Financial USA, Inc.
HTLF
| $4.74M | ﹤0.01% |
83,600
+3,700
| +5% | +$194K |
|
1359
Acadia Realty Trust
AKR
$2.84B
| $4.74M | ﹤0.01% |
201,800
| – | – |
|
1360
Quaker Houghton
KWR
$2.95B
| $4.73M | ﹤0.01% |
28,100
-200
| -0.7% | -$33.8K |
|
1361
Rocket Companies
RKT
$42.6B
| $4.71M | ﹤0.01% |
245,700
| – | – |
|
1362
Bausch Health
BHC
$2.37B
| $4.71M | ﹤0.01% |
576,160
+4,000
| +0.7% | +$26.4K |
|
1363
Addus HomeCare
ADUS
$2.2B
| $4.71M | ﹤0.01% |
35,400
+3,400
| +11% | +$429K |
|
1364
First Financial Bancorp
FFBC
$3.6B
| $4.7M | ﹤0.01% |
186,443
-1,000
| -0.5% | -$25.1K |
|
|
RCM
1365
DELISTED
R1 RCM Inc. Common Stock
RCM
| $4.68M | ﹤0.01% |
330,300
| – | – |
|
1366
Rhythm Pharmaceuticals
RYTM
$7.99B
| $4.68M | ﹤0.01% |
89,300
+600
| +0.7% | +$28.8K |
|
1367
Pricesmart
PSMT
$5.49B
| $4.67M | ﹤0.01% |
50,900
-300
| -0.6% | -$25.9K |
|
|
JWN
1368
DELISTED
Nordstrom
JWN
| $4.67M | ﹤0.01% |
207,700
+15,000
| +8% | +$333K |
|
1369
DigitalOcean
DOCN
$15.6B
| $4.67M | ﹤0.01% |
115,600
+8,500
| +8% | +$303K |
|
1370
Camtek
CAMT
$8.06B
| $4.66M | ﹤0.01% |
57,639
-525
| -0.9% | -$51.2K |
|
1371
Azenta
AZTA
$1.49B
| $4.65M | ﹤0.01% |
96,000
-3,000
| -3% | -$156K |
|
|
ARCH
1372
DELISTED
Arch Resources, Inc.
ARCH
| $4.64M | ﹤0.01% |
33,600
-500
| -1% | -$68.9K |
|
|
FOLD
1373
DELISTED
Amicus Therapeutics
FOLD
| $4.64M | ﹤0.01% |
434,300
| – | – |
|
1374
Carter's
CRI
$1.44B
| $4.63M | ﹤0.01% |
71,200
-600
| -0.8% | -$38.5K |
|
1375
Palomar
PLMR
$3.37B
| $4.62M | ﹤0.01% |
48,800
| – | – |
|
Similar funds
Swiss National Bank's Q3 2024 Portfolio in Review
As of Q3 2024, Swiss National Bank held 2,510 positions worth $154B, up 5.8% from $146B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Trading was light in Q3 2024: portfolio turnover was 3.9%. Swiss National Bank opened 52 new positions and exited 45, leaving the 2,510-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 34% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2024 buy was Nu Holdings: 6,729,657 shares worth $91.9M.
- Swiss National Bank added most to Pinduoduo in Q3 2024, an estimated $28.2M increase.
- Swiss National Bank's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $118M.
- Swiss National Bank fully exited WestRock Company in Q3 2024, selling an estimated $38.2M.
- Swiss National Bank's ten largest holdings make up 32% of its $154B portfolio in Q3 2024.
- Swiss National Bank opened 52 new positions and closed 45 in Q3 2024.
- Swiss National Bank's portfolio value rose 5.8% quarter-over-quarter to $154B.
Based on Swiss National Bank's 13F filing for Q3 2024, filed 7 Nov 2024.