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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.46% |
| 2 | Healthcare | 14.88% |
| 3 | Consumer Discretionary | 13.74% |
| 4 | Communication Services | 10.42% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MAXR
1426
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $3.4M | ﹤0.01% |
136,200
+2,500
| +2% | +$55.3K |
|
1427
Cavco Industries
CVCO
$4.6B
| $3.37M | ﹤0.01% |
18,700
+300
| +2% | +$57.3K |
|
|
NVMI
1428
Nova
NVMI
$13.1B
| $3.36M | ﹤0.01% |
63,919
+814
| +1% | +$41.7K |
|
|
NOVA
1429
DELISTED
Sunnova Energy
NOVA
| $3.35M | ﹤0.01% |
110,200
+44,600
| +68% | +$1.06M |
|
1430
NMI Holdings
NMIH
$3.38B
| $3.33M | ﹤0.01% |
187,374
+3,800
| +2% | +$62K |
|
1431
OR Royalties Inc
OR
$6.15B
| $3.32M | ﹤0.01% |
282,030
+3,100
| +1% | +$36K |
|
1432
Westamerica Bancorp
WABC
$1.38B
| $3.32M | ﹤0.01% |
61,100
+700
| +1% | +$41K |
|
|
SRNE
1433
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $3.32M | ﹤0.01% |
297,800
+34,600
| +13% | +$317K |
|
1434
Avis
CAR
$4.93B
| $3.32M | ﹤0.01% |
126,100
-6,700
| -5% | -$202K |
|
|
AIMT
1435
DELISTED
Aimmune Therapeutics
AIMT
| $3.31M | ﹤0.01% |
96,174
+3,400
| +4% | +$72.4K |
|
1436
Vicor
VICR
$10.4B
| $3.31M | ﹤0.01% |
42,532
+1,000
| +2% | +$79.6K |
|
|
SFIX
1437
Stitch Fix
SFIX
$487M
| $3.3M | ﹤0.01% |
121,700
+4,400
| +4% | +$113K |
|
|
UFS
1438
DELISTED
DOMTAR CORPORATION (New)
UFS
| $3.3M | ﹤0.01% |
125,600
| – | – |
|
1439
La-Z-Boy
LZB
$1.64B
| $3.3M | ﹤0.01% |
104,300
+1,400
| +1% | +$42.5K |
|
1440
Upbound Group
UPBD
$1.15B
| $3.29M | ﹤0.01% |
110,000
| – | – |
|
|
MTOR
1441
DELISTED
MERITOR, Inc.
MTOR
| $3.28M | ﹤0.01% |
156,700
| – | – |
|
|
OSB
1442
DELISTED
Norbord Inc.
OSB
| $3.28M | ﹤0.01% |
111,428
+1,100
| +1% | +$34.3K |
|
1443
Onto Innovation
ONTO
$20.6B
| $3.28M | ﹤0.01% |
110,041
-2,200
| -2% | -$73K |
|
1444
Yelp
YELP
$1.28B
| $3.27M | ﹤0.01% |
162,964
+2,700
| +2% | +$61.5K |
|
|
DLPH
1445
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $3.27M | ﹤0.01% |
195,690
+3,500
| +2% | +$57.7K |
|
1446
Edgewell Personal Care
EPC
$1.32B
| $3.26M | ﹤0.01% |
117,000
+1,900
| +2% | +$56.3K |
|
1447
McGrath RentCorp
MGRC
$2.94B
| $3.26M | ﹤0.01% |
54,700
+400
| +0.7% | +$24.1K |
|
1448
RLJ Lodging Trust
RLJ
$1.67B
| $3.26M | ﹤0.01% |
376,258
| – | – |
|
1449
Fiverr
FVRR
$311M
| $3.25M | ﹤0.01% |
23,400
+1,700
| +8% | +$182K |
|
1450
Cal-Maine
CALM
$3.87B
| $3.25M | ﹤0.01% |
84,700
+16,100
| +23% | +$681K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.