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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.77% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PR
1376
Permian Resources
PR
$18B
| $4.53M | ﹤0.01% |
481,800
+8,700
| +2% | +$83.3K |
|
1377
Tanger
SKT
$4.42B
| $4.52M | ﹤0.01% |
252,000
+4,500
| +2% | +$80.8K |
|
|
ROIC
1378
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $4.52M | ﹤0.01% |
300,700
+6,200
| +2% | +$90.9K |
|
|
SILK
1379
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $4.5M | ﹤0.01% |
85,100
+1,800
| +2% | +$87.7K |
|
1380
ICF International
ICFI
$1.59B
| $4.5M | ﹤0.01% |
45,400
+800
| +2% | +$87.2K |
|
1381
Boot Barn
BOOT
$4.94B
| $4.5M | ﹤0.01% |
71,900
+1,400
| +2% | +$83.9K |
|
1382
NBT Bancorp
NBTB
$2.79B
| $4.49M | ﹤0.01% |
103,400
+1,800
| +2% | +$79.4K |
|
|
NOVA
1383
DELISTED
Sunnova Energy
NOVA
| $4.49M | ﹤0.01% |
249,200
+4,600
| +2% | +$92.6K |
|
1384
Kennametal
KMT
$2.38B
| $4.48M | ﹤0.01% |
186,000
| – | – |
|
1385
Lakeland Financial Corp
LKFN
$1.56B
| $4.46M | ﹤0.01% |
61,150
+1,000
| +2% | +$76.6K |
|
1386
Vir Biotechnology
VIR
$1.54B
| $4.46M | ﹤0.01% |
176,200
+3,600
| +2% | +$88.2K |
|
1387
Interparfums
IPAR
$3.67B
| $4.45M | ﹤0.01% |
46,100
+800
| +2% | +$69.5K |
|
1388
Xenon Pharmaceuticals
XENE
$6.01B
| $4.44M | ﹤0.01% |
112,700
+4,300
| +4% | +$157K |
|
1389
Evertec
EVTC
$1.89B
| $4.44M | ﹤0.01% |
137,074
-7,600
| -5% | -$250K |
|
1390
Transmedics
TMDX
$3.05B
| $4.44M | ﹤0.01% |
71,900
+1,300
| +2% | +$69.1K |
|
1391
Ameresco
AMRC
$1.48B
| $4.43M | ﹤0.01% |
77,600
+1,400
| +2% | +$85.3K |
|
1392
Strategic Education
STRA
$1.84B
| $4.43M | ﹤0.01% |
56,538
+300
| +0.5% | +$22.2K |
|
|
CSGS
1393
DELISTED
CSG Systems International
CSGS
| $4.43M | ﹤0.01% |
77,400
+500
| +0.7% | +$29.4K |
|
|
CPE
1394
DELISTED
Callon Petroleum Company
CPE
| $4.42M | ﹤0.01% |
119,200
+2,200
| +2% | +$90.4K |
|
1395
TripAdvisor
TRIP
$1.26B
| $4.41M | ﹤0.01% |
245,400
+4,800
| +2% | +$100K |
|
1396
Cushman & Wakefield Ltd
CWK
$3.36B
| $4.41M | ﹤0.01% |
354,100
+6,500
| +2% | +$75.2K |
|
1397
Semtech
SMTC
$12.9B
| $4.4M | ﹤0.01% |
153,300
+2,800
| +2% | +$79.4K |
|
1398
iQIYI
IQ
$1.3B
| $4.4M | ﹤0.01% |
829,261
| – | – |
|
1399
Bausch Health
BHC
$2.42B
| $4.39M | ﹤0.01% |
699,260
-518,200
| -43% | -$3.62M |
|
|
CPRX
1400
DELISTED
Catalyst Pharmaceutical
CPRX
| $4.39M | ﹤0.01% |
235,900
+4,200
| +2% | +$64.7K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.