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 |
Bristol-Myers Squibb
BMY
|
+$114M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$31.3M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$26.4M |
| 4 |
Tyler Technologies
TYL
|
+$25M |
| 5 |
Brown & Brown
BRO
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$249M |
| 2 |
CELG
Celgene Corp
CELG
|
+$231M |
| 3 |
Microsoft
MSFT
|
+$171M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
Amazon
AMZN
|
+$99.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.7% |
| 2 | Healthcare | 14.91% |
| 3 | Consumer Discretionary | 11.71% |
| 4 | Communication Services | 10.34% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
HNI Corp
HNI
$3.53B
| $3.07M | ﹤0.01% |
82,000
+1,100
| +1% | +$42K |
|
1477
Kosmos Energy
KOS
$1.51B
| $3.07M | ﹤0.01% |
537,900
+10,800
| +2% | +$65.2K |
|
1478
Enerpac Tool Group
EPAC
$1.89B
| $3.06M | ﹤0.01% |
117,700
+2,600
| +2% | +$63.5K |
|
1479
BGC Group
BGC
$5.33B
| $3.06M | ﹤0.01% |
515,408
+17,300
| +3% | +$97.6K |
|
1480
Eagle Bancorp
EGBN
$878M
| $3.05M | ﹤0.01% |
62,732
+1,300
| +2% | +$58.8K |
|
1481
Winnebago Industries
WGO
$892M
| $3.05M | ﹤0.01% |
57,500
+900
| +2% | +$42.1K |
|
|
AMWD
1482
DELISTED
American Woodmark
AMWD
| $3.04M | ﹤0.01% |
29,100
+800
| +3% | +$80.4K |
|
|
UNIT
1483
Uniti Group
UNIT
$2.43B
| $3.04M | ﹤0.01% |
369,774
+24,300
| +7% | +$176K |
|
|
VGR
1484
DELISTED
Vector Group Ltd.
VGR
| $3.03M | ﹤0.01% |
319,045
+5,499
| +2% | +$48.1K |
|
1485
Huron Consulting
HURN
$2.42B
| $3.02M | ﹤0.01% |
43,900
+900
| +2% | +$58.5K |
|
1486
Brinker International
EAT
$10.2B
| $3.01M | ﹤0.01% |
71,700
+1,400
| +2% | +$60.3K |
|
1487
Seacoast Banking Corp of Florida
SBCF
$3.5B
| $3.01M | ﹤0.01% |
98,400
+1,900
| +2% | +$54K |
|
|
JOYY
1488
JOYY Inc
JOYY
$3.68B
| $3.01M | ﹤0.01% |
56,973
-148,862
| -72% | -$8.77M |
|
|
BEAT
1489
DELISTED
BioTelemetry, Inc.
BEAT
| $3M | ﹤0.01% |
64,900
+1,600
| +3% | +$69.3K |
|
1490
Chesapeake Utilities
CPK
$3.26B
| $3M | ﹤0.01% |
31,350
+500
| +2% | +$46.5K |
|
1491
Moelis & Co
MC
$5.07B
| $3M | ﹤0.01% |
94,100
+1,800
| +2% | +$58.9K |
|
1492
Alarm.com
ALRM
$2.73B
| $2.99M | ﹤0.01% |
69,600
+1,400
| +2% | +$63.1K |
|
1493
Provident Financial Services
PFS
$3.21B
| $2.99M | ﹤0.01% |
121,200
+2,200
| +2% | +$54.3K |
|
|
RDFN
1494
DELISTED
Redfin
RDFN
| $2.97M | ﹤0.01% |
140,600
+4,000
| +3% | +$76.6K |
|
1495
Installed Building Products
IBP
$6.39B
| $2.97M | ﹤0.01% |
43,133
+800
| +2% | +$54K |
|
|
OPI
1496
DELISTED
Office Properties Income Trust
OPI
| $2.96M | ﹤0.01% |
92,133
+1,800
| +2% | +$57.7K |
|
1497
Viper Energy
VNOM
$15.2B
| $2.96M | ﹤0.01% |
+119,900
| New | +$3M |
|
|
UHT
1498
Universal Health Realty Income Trust
UHT
$574M
| $2.93M | ﹤0.01% |
25,000
+500
| +2% | +$56.9K |
|
1499
Rambus
RMBS
$10.9B
| $2.93M | ﹤0.01% |
212,800
+5,700
| +3% | +$76.5K |
|
1500
JELD-WEN Holding
JELD
$167M
| $2.93M | ﹤0.01% |
125,100
+2,300
| +2% | +$47.4K |
|
Similar funds
Swiss National Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Swiss National Bank held 2,602 positions worth $97.5B, up 3.6% from $94.1B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Swiss National Bank withdrew a net $3.98B in Q4 2019, closing 96 positions and reducing 725 holdings. Its most notable exit was Celgene Corp, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Match Group worth $14.7M.
- Swiss National Bank's largest Q4 2019 buy was Match Group: 179,200 shares worth $14.7M.
- Swiss National Bank added most to Bristol-Myers Squibb in Q4 2019, an estimated $114M increase.
- Swiss National Bank's biggest Q4 2019 reduction was Apple, cutting an estimated $249M.
- Swiss National Bank fully exited Celgene Corp in Q4 2019, selling an estimated $231M.
- Swiss National Bank's ten largest holdings make up 19% of its $97.5B portfolio in Q4 2019.
- Swiss National Bank opened 82 new positions and closed 96 in Q4 2019.
- Swiss National Bank's portfolio value rose 3.6% quarter-over-quarter to $97.5B.
Based on Swiss National Bank's 13F filing for Q4 2019, filed 6 Feb 2020.