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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.02% |
| 2 | Healthcare | 15.44% |
| 3 | Consumer Discretionary | 11.89% |
| 4 | Communication Services | 10.26% |
| 5 | Industrials | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
SSR Mining
SSRM
$6.55B
| $2.79M | ﹤0.01% |
220,511
+3,500
| +2% | +$46.3K |
|
|
SFBS
1452
ServisFirst Bancshares
SFBS
$4.99B
| $2.79M | ﹤0.01% |
82,568
+2,700
| +3% | +$92.1K |
|
|
SEM
1453
DELISTED
Select Medical
SEM
| $2.78M | ﹤0.01% |
366,189
+10,765
| +3% | +$86.5K |
|
|
AVTA
1454
DELISTED
Avantax, Inc. Common Stock
AVTA
| $2.77M | ﹤0.01% |
83,000
+3,000
| +4% | +$87.4K |
|
1455
BlackLine
BL
$1.77B
| $2.77M | ﹤0.01% |
59,800
+2,600
| +5% | +$122K |
|
|
VRTU
1456
DELISTED
Virtusa Corporation
VRTU
| $2.77M | ﹤0.01% |
51,800
+1,800
| +4% | +$89.1K |
|
|
GHDX
1457
DELISTED
Genomic Health, Inc.
GHDX
| $2.77M | ﹤0.01% |
39,500
+1,500
| +4% | +$111K |
|
|
AAT
1458
American Assets Trust
AAT
$1.4B
| $2.77M | ﹤0.01% |
60,300
+1,800
| +3% | +$77.9K |
|
|
MINI
1459
DELISTED
Mobile Mini Inc
MINI
| $2.76M | ﹤0.01% |
81,400
+2,400
| +3% | +$85.3K |
|
1460
DNOW Inc
DNOW
$2.98B
| $2.76M | ﹤0.01% |
197,600
+5,900
| +3% | +$82K |
|
1461
Walker & Dunlop
WD
$1.46B
| $2.75M | ﹤0.01% |
54,100
+1,600
| +3% | +$81.2K |
|
1462
OSI Systems
OSIS
$3.79B
| $2.75M | ﹤0.01% |
31,400
+1,000
| +3% | +$83.7K |
|
1463
SPX Corp
SPXC
$10.8B
| $2.75M | ﹤0.01% |
79,018
+2,900
| +4% | +$94.2K |
|
|
SRG
1464
Seritage Growth Properties
SRG
$130M
| $2.74M | ﹤0.01% |
61,738
+1,800
| +3% | +$74.8K |
|
|
CALY
1465
Callaway Golf Company
CALY
$2.95B
| $2.74M | ﹤0.01% |
172,200
+5,200
| +3% | +$85.6K |
|
|
FOE
1466
DELISTED
Ferro Corporation
FOE
| $2.73M | ﹤0.01% |
144,100
+2,800
| +2% | +$49.4K |
|
|
CTB
1467
DELISTED
Cooper Tire & Rubber Co.
CTB
| $2.73M | ﹤0.01% |
91,200
+2,700
| +3% | +$86.8K |
|
|
WAGE
1468
DELISTED
WageWorks, Inc.
WAGE
| $2.73M | ﹤0.01% |
72,200
+2,100
| +3% | +$68.5K |
|
1469
Chesapeake Utilities
CPK
$3.26B
| $2.72M | ﹤0.01% |
29,850
+900
| +3% | +$80.1K |
|
1470
Kosmos Energy
KOS
$1.52B
| $2.71M | ﹤0.01% |
435,800
+15,600
| +4% | +$86.5K |
|
1471
Enerpac Tool Group
EPAC
$1.88B
| $2.71M | ﹤0.01% |
111,200
+3,500
| +3% | +$81.9K |
|
1472
Cars.com
CARS
$653M
| $2.71M | ﹤0.01% |
118,700
+1,600
| +1% | +$38.7K |
|
1473
Kulicke & Soffa
KLIC
$5.07B
| $2.71M | ﹤0.01% |
122,400
+2,900
| +2% | +$64.2K |
|
1474
AeroVironment
AVAV
$9.71B
| $2.69M | ﹤0.01% |
39,300
+1,200
| +3% | +$90.5K |
|
1475
Lattice Semiconductor
LSCC
$18.4B
| $2.67M | ﹤0.01% |
224,200
+11,300
| +5% | +$113K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.