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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.01% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.43% |
| 5 | Communication Services | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Werner Enterprises
WERN
$2.31B
| $2.98M | ﹤0.01% |
81,700
+2,600
| +3% | +$101K |
|
|
CBM
1377
DELISTED
Cambrex Corporation
CBM
| $2.98M | ﹤0.01% |
57,000
| – | – |
|
|
PAY
1378
DELISTED
Verifone Systems Inc
PAY
| $2.98M | ﹤0.01% |
193,764
| – | – |
|
|
CVA
1379
DELISTED
Covanta Holding Corporation
CVA
| $2.98M | ﹤0.01% |
205,400
+6,600
| +3% | +$104K |
|
1380
Kaiser Aluminum
KALU
$2.99B
| $2.98M | ﹤0.01% |
29,500
+800
| +3% | +$85.7K |
|
1381
8x8 Inc
EGHT
$290M
| $2.97M | ﹤0.01% |
159,400
+3,000
| +2% | +$53.1K |
|
1382
LXP Industrial Trust
LXP
$3.58B
| $2.97M | ﹤0.01% |
75,420
+1,640
| +2% | +$69.8K |
|
|
INVX
1383
Innovex International
INVX
$2.13B
| $2.95M | ﹤0.01% |
65,900
+2,500
| +4% | +$122K |
|
1384
Stepan Co
SCL
$1.48B
| $2.94M | ﹤0.01% |
35,400
+1,300
| +4% | +$103K |
|
|
DYN
1385
DELISTED
Dynegy, Inc.
DYN
| $2.94M | ﹤0.01% |
217,750
| – | – |
|
|
WDR
1386
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $2.94M | ﹤0.01% |
145,500
+4,400
| +3% | +$93K |
|
|
CYBR
1387
DELISTED
CyberArk
CYBR
| $2.93M | ﹤0.01% |
57,500
+2,300
| +4% | +$107K |
|
1388
Boston Beer
SAM
$1.89B
| $2.93M | ﹤0.01% |
15,500
+400
| +3% | +$73.6K |
|
1389
Shenandoah Telecom
SHEN
$721M
| $2.93M | ﹤0.01% |
81,272
+2,700
| +3% | +$89.8K |
|
1390
World Kinect Corp
WKC
$1.89B
| $2.92M | ﹤0.01% |
119,100
+3,000
| +3% | +$77.1K |
|
|
AERI
1391
DELISTED
Aerie Pharmaceuticals
AERI
| $2.92M | ﹤0.01% |
53,900
+1,300
| +2% | +$72.7K |
|
1392
Tronox
TROX
$985M
| $2.92M | ﹤0.01% |
158,300
+9,500
| +6% | +$189K |
|
1393
Brinker International
EAT
$10.5B
| $2.91M | ﹤0.01% |
80,600
-1,300
| -2% | -$47.2K |
|
|
CHSP
1394
DELISTED
Chesapeake Lodging Trust
CHSP
| $2.91M | ﹤0.01% |
104,600
+2,200
| +2% | +$59.2K |
|
1395
Progress Software
PRGS
$1.79B
| $2.91M | ﹤0.01% |
75,600
+1,600
| +2% | +$73.3K |
|
|
PPBI
1396
DELISTED
Pacific Premier Bancorp
PPBI
| $2.9M | ﹤0.01% |
72,174
+2,400
| +3% | +$100K |
|
1397
Innospec
IOSP
$2.29B
| $2.89M | ﹤0.01% |
42,103
+1,400
| +3% | +$97.4K |
|
1398
Enviri
NVRI
$583M
| $2.88M | ﹤0.01% |
139,500
+2,500
| +2% | +$48K |
|
1399
G-III Apparel Group
GIII
$1.41B
| $2.88M | ﹤0.01% |
76,400
+3,500
| +5% | +$130K |
|
|
PNK
1400
DELISTED
Pinnacle Entertainment Inc.
PNK
| $2.88M | ﹤0.01% |
95,500
+2,100
| +2% | +$65.7K |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.