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 | |
|---|---|---|---|---|---|---|
1376
Heron Therapeutics
HRTX
$62.7M
| $3.13M | ﹤0.01% |
128,000
+4,300
| +3% | +$113K |
|
1377
Mueller Industries
MLI
$14.6B
| $3.13M | ﹤0.01% |
399,200
+12,400
| +3% | +$91.2K |
|
1378
Brinker International
EAT
$10.1B
| $3.12M | ﹤0.01% |
70,300
-1,900
| -3% | -$85.7K |
|
1379
Penske Automotive Group
PAG
$14.4B
| $3.11M | ﹤0.01% |
69,600
+2,100
| +3% | +$93K |
|
|
DLPH
1380
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $3.1M | ﹤0.01% |
161,190
+4,200
| +3% | +$77.7K |
|
1381
Meritage Homes
MTH
$4.77B
| $3.09M | ﹤0.01% |
138,400
+1,800
| +1% | +$38.5K |
|
|
NVRO
1382
DELISTED
NEVRO CORP.
NVRO
| $3.09M | ﹤0.01% |
49,500
+1,600
| +3% | +$75.2K |
|
|
CORE
1383
DELISTED
Core Mark Holding Co., Inc.
CORE
| $3.09M | ﹤0.01% |
83,300
+2,100
| +3% | +$66K |
|
1384
ProPetro Holding
PUMP
$1.48B
| $3.09M | ﹤0.01% |
137,100
+4,100
| +3% | +$73.4K |
|
1385
ICICI Bank
IBN
$106B
| $3.09M | ﹤0.01% |
270,683
+264,013
| +3,958% | +$2.74M |
|
1386
Renasant Corp
RNST
$3.98B
| $3.08M | ﹤0.01% |
90,900
+3,500
| +4% | +$125K |
|
1387
Hope Bancorp
HOPE
$1.84B
| $3.07M | ﹤0.01% |
234,657
+4,800
| +2% | +$67K |
|
|
CHSP
1388
DELISTED
Chesapeake Lodging Trust
CHSP
| $3.06M | ﹤0.01% |
110,100
+3,300
| +3% | +$93K |
|
1389
MaxLinear
MXL
$7.59B
| $3.05M | ﹤0.01% |
119,473
+3,900
| +3% | +$85.3K |
|
1390
G-III Apparel Group
GIII
$1.42B
| $3.04M | ﹤0.01% |
76,200
+2,300
| +3% | +$79.9K |
|
|
NAVG
1391
DELISTED
Navigators Group Inc
NAVG
| $3.04M | ﹤0.01% |
43,500
+1,400
| +3% | +$97.7K |
|
|
MDRX
1392
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.04M | ﹤0.01% |
318,400
+9,600
| +3% | +$106K |
|
1393
Northwest Bancshares
NWBI
$2.32B
| $3.04M | ﹤0.01% |
178,900
+5,600
| +3% | +$99.3K |
|
1394
Worthington Enterprises
WOR
$2.87B
| $3.02M | ﹤0.01% |
131,220
+3,406
| +3% | +$78K |
|
1395
Itron
ITRI
$4.47B
| $3.02M | ﹤0.01% |
64,700
+2,200
| +4% | +$117K |
|
1396
Westamerica Bancorp
WABC
$1.39B
| $3.01M | ﹤0.01% |
48,700
+1,500
| +3% | +$93K |
|
|
ARCH
1397
DELISTED
Arch Resources, Inc.
ARCH
| $3M | ﹤0.01% |
32,900
| – | – |
|
1398
Provident Financial Services
PFS
$3.22B
| $3M | ﹤0.01% |
115,800
+3,500
| +3% | +$91.8K |
|
|
RETA
1399
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $2.99M | ﹤0.01% |
35,000
+1,400
| +4% | +$116K |
|
1400
Eagle Bancorp
EGBN
$878M
| $2.99M | ﹤0.01% |
59,532
+1,900
| +3% | +$104K |
|
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.