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 |
Alibaba
BABA
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSGS
1376
DELISTED
CSG Systems International
CSGS
| $3.23M | ﹤0.01% |
62,400
+1,100
| +2% | +$56.3K |
|
1377
Agios Pharmaceuticals
AGIO
$2B
| $3.22M | ﹤0.01% |
99,460
+1,700
| +2% | +$70.4K |
|
|
EPAY
1378
DELISTED
Bottomline Technologies Inc
EPAY
| $3.22M | ﹤0.01% |
81,900
+1,500
| +2% | +$63K |
|
1379
Xencor
XNCR
$1.71B
| $3.21M | ﹤0.01% |
95,300
+1,000
| +1% | +$39.9K |
|
|
PRMW
1380
DELISTED
Primo Water Corporation
PRMW
| $3.21M | ﹤0.01% |
257,600
+2,300
| +0.9% | +$29.3K |
|
|
ICPT
1381
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.21M | ﹤0.01% |
48,400
+4,300
| +10% | +$289K |
|
1382
Progress Software
PRGS
$1.83B
| $3.2M | ﹤0.01% |
84,000
| – | – |
|
1383
Advanced Drainage Systems
WMS
$11.3B
| $3.19M | ﹤0.01% |
98,800
+19,100
| +24% | +$620K |
|
1384
Alarm.com
ALRM
$2.74B
| $3.18M | ﹤0.01% |
68,200
+1,200
| +2% | +$58.8K |
|
1385
Kontoor Brands
KTB
$4.65B
| $3.18M | ﹤0.01% |
90,614
-2,300
| -2% | -$74.6K |
|
1386
Cannae Holdings
CNNE
$675M
| $3.17M | ﹤0.01% |
115,494
+1,800
| +2% | +$51.3K |
|
1387
Antero Midstream
AM
$10.5B
| $3.17M | ﹤0.01% |
428,500
+4,300
| +1% | +$37.1K |
|
1388
SPS Commerce
SPSC
$2.86B
| $3.16M | ﹤0.01% |
67,200
+1,000
| +2% | +$50.7K |
|
1389
McGrath RentCorp
MGRC
$2.94B
| $3.16M | ﹤0.01% |
45,400
+400
| +0.9% | +$26.2K |
|
|
TWNK
1390
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $3.16M | ﹤0.01% |
225,900
+49,000
| +28% | +$694K |
|
1391
Merit Medical Systems
MMSI
$5.4B
| $3.16M | ﹤0.01% |
103,600
+1,600
| +2% | +$64.7K |
|
|
ALEX
1392
DELISTED
Alexander & Baldwin
ALEX
| $3.15M | ﹤0.01% |
128,720
+1,300
| +1% | +$30.5K |
|
|
FLOW
1393
DELISTED
SPX FLOW, Inc.
FLOW
| $3.15M | ﹤0.01% |
79,918
+800
| +1% | +$30K |
|
1394
Kratos Defense & Security Solutions
KTOS
$11.8B
| $3.14M | ﹤0.01% |
169,000
+4,900
| +3% | +$103K |
|
1395
Westamerica Bancorp
WABC
$1.39B
| $3.14M | ﹤0.01% |
50,500
+800
| +2% | +$49.6K |
|
1396
Essential Properties Realty Trust
EPRT
$6.71B
| $3.14M | ﹤0.01% |
136,900
+48,400
| +55% | +$1.04M |
|
1397
US Physical Therapy
USPH
$1.24B
| $3.13M | ﹤0.01% |
24,000
+400
| +2% | +$52.1K |
|
1398
Cavco Industries
CVCO
$4.67B
| $3.13M | ﹤0.01% |
16,300
+300
| +2% | +$53.1K |
|
1399
InterDigital
IDCC
$8.88B
| $3.12M | ﹤0.01% |
59,500
-1,200
| -2% | -$67.8K |
|
1400
First Majestic Silver
AG
$9.26B
| $3.11M | ﹤0.01% |
342,000
+11,300
| +3% | +$110K |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.