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 |
Northrop Grumman
NOC
|
+$305M |
| 2 |
Prologis
PLD
|
+$97.9M |
| 3 |
Carlisle Companies
CSL
|
+$29.2M |
| 4 |
Healthcare Realty
HR
|
+$28.7M |
| 5 |
Gaming and Leisure Properties
GLPI
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$102M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$91.2M |
| 3 |
Chevron
CVX
|
+$54.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$52.9M |
| 5 |
Microsoft
MSFT
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.13% |
| 2 | Healthcare | 15.84% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Industrials | 8.89% |
| 5 | Communication Services | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UNIT
1426
Uniti Group
UNIT
$2.41B
| $3.91M | ﹤0.01% |
562,274
+6,200
| +1% | +$57.6K |
|
|
CVSA
1427
Covista Inc
CVSA
$4.48B
| $3.9M | ﹤0.01% |
107,000
-10,400
| -9% | -$397K |
|
1428
Helios Technologies
HLIO
$2.71B
| $3.9M | ﹤0.01% |
77,000
+700
| +0.9% | +$42.3K |
|
1429
Materion
MTRN
$5.91B
| $3.89M | ﹤0.01% |
48,600
+200
| +0.4% | +$16.5K |
|
1430
Reynolds Consumer Products
REYN
$5.53B
| $3.87M | ﹤0.01% |
148,800
| – | – |
|
|
NVEE
1431
DELISTED
NV5 Global
NVEE
| $3.86M | ﹤0.01% |
124,800
+800
| +0.6% | +$26.1K |
|
1432
Minerals Technologies
MTX
$2.25B
| $3.86M | ﹤0.01% |
78,100
| – | – |
|
1433
NBT Bancorp
NBTB
$2.79B
| $3.86M | ﹤0.01% |
101,600
-900
| -0.9% | -$35.5K |
|
1434
Northwest Bancshares
NWBI
$2.32B
| $3.86M | ﹤0.01% |
285,400
+1,100
| +0.4% | +$15.3K |
|
1435
Kennametal
KMT
$2.37B
| $3.83M | ﹤0.01% |
186,000
| – | – |
|
1436
Mueller Water Products
MWA
$3.99B
| $3.83M | ﹤0.01% |
372,400
+2,900
| +0.8% | +$33.8K |
|
1437
BancFirst
BANF
$3.88B
| $3.82M | ﹤0.01% |
42,718
+300
| +0.7% | +$30.7K |
|
1438
Comstock Resources
CRK
$4.14B
| $3.82M | ﹤0.01% |
220,900
+1,400
| +0.6% | +$23.2K |
|
1439
ESAB
ESAB
$5.28B
| $3.8M | ﹤0.01% |
113,900
+800
| +0.7% | +$32.8K |
|
1440
Transocean
RIG
$6.46B
| $3.79M | ﹤0.01% |
1,534,230
+61,800
| +4% | +$198K |
|
1441
Sabre
SABR
$920M
| $3.79M | ﹤0.01% |
735,300
+8,700
| +1% | +$58K |
|
|
SASR
1442
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.78M | ﹤0.01% |
107,235
+900
| +0.8% | +$35.5K |
|
|
EVOP
1443
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $3.78M | ﹤0.01% |
113,400
+1,300
| +1% | +$40.1K |
|
1444
Spectrum Brands
SPB
$2.06B
| $3.77M | ﹤0.01% |
96,699
+600
| +0.6% | +$38.7K |
|
1445
Upwork
UPWK
$1.07B
| $3.77M | ﹤0.01% |
276,700
+3,800
| +1% | +$71.5K |
|
1446
Upstart Holdings
UPST
$3B
| $3.76M | ﹤0.01% |
+180,900
| New | +$4.87M |
|
1447
Greif
GEF
$4.99B
| $3.76M | ﹤0.01% |
63,100
+600
| +1% | +$40K |
|
1448
Diamondrock Hospitality Co
DRH
$2.53B
| $3.75M | ﹤0.01% |
500,000
+2,000
| +0.4% | +$17.6K |
|
|
HPP
1449
Hudson Pacific Properties
HPP
$777M
| $3.75M | ﹤0.01% |
48,993
-1,871
| -4% | -$182K |
|
|
FLNA
1450
Filana Therapeutics
FLNA
$44.2M
| $3.75M | ﹤0.01% |
89,800
| – | – |
|
Similar funds
Swiss National Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Swiss National Bank held 2,744 positions worth $140B, down 5.4% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 1.2%. Swiss National Bank opened 4 new positions and exited 30, leaving the 2,744-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2022 buy was Northrop Grumman: 639,945 shares worth $301M.
- Swiss National Bank added most to Prologis in Q3 2022, an estimated $97.9M increase.
- Swiss National Bank's biggest Q3 2022 reduction was Apple, cutting an estimated $102M.
- Swiss National Bank fully exited Duke Realty Corp. in Q3 2022, selling an estimated $91.2M.
- Swiss National Bank's ten largest holdings make up 26% of its $140B portfolio in Q3 2022.
- Swiss National Bank opened 4 new positions and closed 30 in Q3 2022.
- Swiss National Bank's portfolio value fell 5.4% quarter-over-quarter to $140B.
Based on Swiss National Bank's 13F filing for Q3 2022, filed 9 Nov 2022.