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 | |
|---|---|---|---|---|---|---|
|
SILK
1451
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $3.75M | ﹤0.01% |
83,300
+1,100
| +1% | +$47.3K |
|
1452
Cannae Holdings
CNNE
$655M
| $3.74M | ﹤0.01% |
181,194
-2,200
| -1% | -$47.4K |
|
|
XHR
1453
Xenia Hotels & Resorts
XHR
$1.78B
| $3.74M | ﹤0.01% |
271,180
+1,200
| +0.4% | +$19.1K |
|
|
GRP.U
1454
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $3.74M | ﹤0.01% |
76,800
+500
| +0.7% | +$29.2K |
|
1455
Duolingo
DUOL
$6.26B
| $3.73M | ﹤0.01% |
39,200
+17,900
| +84% | +$1.74M |
|
1456
Lindsay Corp
LNN
$1.17B
| $3.73M | ﹤0.01% |
26,000
+100
| +0.4% | +$15.1K |
|
1457
Acushnet Holdings
GOLF
$5.22B
| $3.72M | ﹤0.01% |
85,600
-1,400
| -2% | -$67.2K |
|
1458
Urban Edge Properties
UE
$2.78B
| $3.71M | ﹤0.01% |
278,409
+1,500
| +0.5% | +$23.4K |
|
1459
American Eagle Outfitters
AEO
$2.72B
| $3.71M | ﹤0.01% |
381,600
+2,800
| +0.7% | +$32.6K |
|
1460
Bread Financial
BFH
$4.57B
| $3.71M | ﹤0.01% |
118,023
+900
| +0.8% | +$35.3K |
|
1461
PJT Partners
PJT
$4.48B
| $3.71M | ﹤0.01% |
55,535
+1,000
| +2% | +$70.1K |
|
1462
Green Plains
GPRE
$1.09B
| $3.71M | ﹤0.01% |
127,600
+900
| +0.7% | +$30.4K |
|
|
TPH
1463
DELISTED
Tri Pointe Homes
TPH
| $3.71M | ﹤0.01% |
245,247
-7,100
| -3% | -$125K |
|
|
MDC
1464
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.7M | ﹤0.01% |
135,043
+1,400
| +1% | +$46.4K |
|
|
NVRO
1465
DELISTED
NEVRO CORP.
NVRO
| $3.7M | ﹤0.01% |
79,400
+900
| +1% | +$41.8K |
|
1466
Jack in the Box
JACK
$332M
| $3.7M | ﹤0.01% |
49,900
+200
| +0.4% | +$15.2K |
|
1467
Enterprise Financial Services Corp
EFSC
$2.41B
| $3.69M | ﹤0.01% |
83,864
-800
| -0.9% | -$36.4K |
|
|
BWIN
1468
Baldwin Insurance Group
BWIN
$2.94B
| $3.69M | ﹤0.01% |
140,100
+5,500
| +4% | +$157K |
|
|
ODP
1469
DELISTED
ODP
ODP
| $3.69M | ﹤0.01% |
104,989
+2,200
| +2% | +$78.2K |
|
1470
Dillards
DDS
$9.24B
| $3.68M | ﹤0.01% |
13,500
-1,100
| -8% | -$291K |
|
|
GMS
1471
DELISTED
GMS Inc
GMS
| $3.68M | ﹤0.01% |
91,900
+600
| +0.7% | +$28.7K |
|
1472
Bloomin' Brands
BLMN
$905M
| $3.67M | ﹤0.01% |
200,200
| – | – |
|
|
ELME
1473
Elme Communities
ELME
$144M
| $3.64M | ﹤0.01% |
207,300
+1,300
| +0.6% | +$26.6K |
|
1474
Asana
ASAN
$2.16B
| $3.64M | ﹤0.01% |
163,700
+17,100
| +12% | +$367K |
|
1475
Myriad Genetics
MYGN
$299M
| $3.63M | ﹤0.01% |
190,500
+1,700
| +0.9% | +$39K |
|
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.