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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.44% |
| 2 | Healthcare | 15.88% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.98% |
| 5 | Industrials | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
RLJ Lodging Trust
RLJ
$1.68B
| $4.34M | ﹤0.01% |
393,958
| – | – |
|
1402
Bread Financial
BFH
$4.57B
| $4.34M | ﹤0.01% |
117,123
+5,500
| +5% | +$280K |
|
1403
Cracker Barrel
CBRL
$1.27B
| $4.34M | ﹤0.01% |
51,950
-900
| -2% | -$93.5K |
|
1404
Red Rock Resorts
RRR
$3.77B
| $4.34M | ﹤0.01% |
130,000
-16,200
| -11% | -$647K |
|
1405
Mueller Water Products
MWA
$3.99B
| $4.33M | ﹤0.01% |
369,500
-4,100
| -1% | -$49.4K |
|
1406
Vir Biotechnology
VIR
$1.54B
| $4.33M | ﹤0.01% |
169,900
+15,200
| +10% | +$355K |
|
1407
Kennametal
KMT
$2.38B
| $4.32M | ﹤0.01% |
186,000
-1,900
| -1% | -$50K |
|
|
MDC
1408
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.32M | ﹤0.01% |
133,643
| – | – |
|
1409
Burford Capital
BUR
$968M
| $4.31M | ﹤0.01% |
440,266
| – | – |
|
1410
Dana Inc
DAN
$3.26B
| $4.3M | ﹤0.01% |
305,800
-35,300
| -10% | -$547K |
|
1411
First Financial Bancorp
FFBC
$3.61B
| $4.3M | ﹤0.01% |
221,743
| – | – |
|
1412
Axcelis
ACLS
$4.29B
| $4.29M | ﹤0.01% |
78,300
-500
| -0.6% | -$29K |
|
|
TPH
1413
DELISTED
Tri Pointe Homes
TPH
| $4.26M | ﹤0.01% |
252,347
-10,400
| -4% | -$204K |
|
1414
Sabre
SABR
$892M
| $4.24M | ﹤0.01% |
726,600
| – | – |
|
1415
American Eagle Outfitters
AEO
$2.72B
| $4.24M | ﹤0.01% |
378,800
| – | – |
|
1416
Genworth Financial
GNW
$3.83B
| $4.24M | ﹤0.01% |
1,199,786
| – | – |
|
1417
CareTrust REIT
CTRE
$9.24B
| $4.23M | ﹤0.01% |
229,449
| – | – |
|
|
OPLN
1418
Openlane
OPLN
$4.37B
| $4.23M | ﹤0.01% |
286,400
| – | – |
|
1419
Arbor Realty Trust
ABR
$951M
| $4.23M | ﹤0.01% |
322,451
-15,600
| -5% | -$250K |
|
|
CVSA
1420
Covista Inc
CVSA
$4.49B
| $4.22M | ﹤0.01% |
117,400
+5,600
| +5% | +$176K |
|
1421
TripAdvisor
TRIP
$1.27B
| $4.22M | ﹤0.01% |
237,200
| – | – |
|
1422
AtriCure
ATRC
$2.23B
| $4.21M | ﹤0.01% |
103,100
| – | – |
|
1423
Urban Edge Properties
UE
$2.77B
| $4.21M | ﹤0.01% |
276,909
| – | – |
|
1424
ICF International
ICFI
$1.59B
| $4.21M | ﹤0.01% |
44,300
-400
| -0.9% | -$38.8K |
|
|
OSH
1425
DELISTED
Oak Street Health, Inc.
OSH
| $4.2M | ﹤0.01% |
255,600
| – | – |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.