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 |
Viatris
VTRS
|
+$46.9M |
| 2 |
Cloudflare
NET
|
+$38.2M |
| 3 |
10x Genomics
TXG
|
+$33.7M |
| 4 |
Teladoc Health
TDOC
|
+$31.9M |
| 5 |
Pinduoduo
PDD
|
+$31.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$349M |
| 2 |
Microsoft
MSFT
|
+$191M |
| 3 |
Amazon
AMZN
|
+$136M |
| 4 |
Meta Platforms (Facebook)
META
|
+$77M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$73.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.63% |
| 2 | Healthcare | 14.53% |
| 3 | Consumer Discretionary | 13.88% |
| 4 | Communication Services | 10.7% |
| 5 | Industrials | 8.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BECN
1376
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $5.02M | ﹤0.01% |
124,800
| – | – |
|
1377
Graham Holdings Company
GHC
$4.99B
| $5.01M | ﹤0.01% |
9,400
-300
| -3% | -$133K |
|
1378
Antero Midstream
AM
$10.6B
| $5M | ﹤0.01% |
648,400
| – | – |
|
|
ONEM
1379
DELISTED
1Life Healthcare
ONEM
| $4.99M | ﹤0.01% |
114,200
+57,000
| +100% | +$1.95M |
|
|
AVNS
1380
DELISTED
Avanos Medical
AVNS
| $4.96M | ﹤0.01% |
108,200
| – | – |
|
|
NOVA
1381
DELISTED
Sunnova Energy
NOVA
| $4.95M | ﹤0.01% |
109,700
-500
| -0.5% | -$17.3K |
|
1382
Gaotu Techedu
GOTU
$405M
| $4.94M | ﹤0.01% |
95,600
| – | – |
|
1383
BOK Financial
BOKF
$8.89B
| $4.91M | ﹤0.01% |
71,674
| – | – |
|
|
UNIT
1384
Uniti Group
UNIT
$2.4B
| $4.9M | ﹤0.01% |
417,974
| – | – |
|
|
SJI
1385
DELISTED
South Jersey Industries, Inc.
SJI
| $4.9M | ﹤0.01% |
227,409
+17,800
| +8% | +$384K |
|
1386
Sanmina
SANM
$11.2B
| $4.89M | ﹤0.01% |
153,200
-1,400
| -0.9% | -$41.5K |
|
|
PVG
1387
DELISTED
PRETIUM RESOURCES INC.
PVG
| $4.88M | ﹤0.01% |
425,248
+2,400
| +0.6% | +$28.9K |
|
1388
Forward Air
FWRD
$665M
| $4.87M | ﹤0.01% |
63,400
| – | – |
|
|
CALY
1389
Callaway Golf Company
CALY
$2.96B
| $4.86M | ﹤0.01% |
202,600
| – | – |
|
1390
Coty
COTY
$2.46B
| $4.86M | ﹤0.01% |
691,801
| – | – |
|
|
FBC
1391
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $4.84M | ﹤0.01% |
118,800
+22,400
| +23% | +$772K |
|
1392
Fluor
FLR
$7.07B
| $4.82M | ﹤0.01% |
301,800
| – | – |
|
1393
Gentherm
THRM
$1.34B
| $4.82M | ﹤0.01% |
73,900
| – | – |
|
1394
ATI
ATI
$30.8B
| $4.81M | ﹤0.01% |
287,000
| – | – |
|
|
OSB
1395
DELISTED
Norbord Inc.
OSB
| $4.81M | ﹤0.01% |
111,428
| – | – |
|
1396
CareTrust REIT
CTRE
$9.22B
| $4.81M | ﹤0.01% |
216,949
| – | – |
|
1397
Minerals Technologies
MTX
$2.25B
| $4.8M | ﹤0.01% |
77,300
| – | – |
|
1398
TransAlta
TAC
$4.03B
| $4.78M | ﹤0.01% |
628,400
| – | – |
|
1399
Pediatrix Medical
MD
$2.16B
| $4.75M | ﹤0.01% |
193,600
| – | – |
|
1400
Four Corners Property Trust
FCPT
$2.77B
| $4.75M | ﹤0.01% |
159,407
| – | – |
|
Similar funds
Swiss National Bank's Q4 2020 Portfolio in Review
As of Q4 2020, Swiss National Bank held 2,555 positions worth $141B, up 10% from $128B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q4 2020 filing shows 125 new, 501 increased, 893 reduced and 65 closed positions. Its largest new stake was Cloudflare: 582,300 shares worth $44.2M. The largest sale was Apple, an estimated $349M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2020 buy was Cloudflare: 582,300 shares worth $44.2M.
- Swiss National Bank added most to Viatris in Q4 2020, an estimated $46.9M increase.
- Swiss National Bank's biggest Q4 2020 reduction was Apple, cutting an estimated $349M.
- Swiss National Bank fully exited Immunomedics Inc in Q4 2020, selling an estimated $37.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $141B portfolio in Q4 2020.
- Swiss National Bank opened 125 new positions and closed 65 in Q4 2020.
- Swiss National Bank's portfolio value rose 10% quarter-over-quarter to $141B.
Based on Swiss National Bank's 13F filing for Q4 2020, filed 5 Feb 2021.