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 | 26.26% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.37% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BZUN
1476
Baozun
BZUN
$164M
| $3.1M | ﹤0.01% |
95,491
| – | – |
|
1477
WSFS Financial
WSFS
$4.15B
| $3.1M | ﹤0.01% |
115,040
| – | – |
|
1478
Champion Homes
SKY
$5.23B
| $3.1M | ﹤0.01% |
115,600
+1,700
| +1% | +$46.3K |
|
|
LTC
1479
LTC Properties
LTC
$2.1B
| $3.09M | ﹤0.01% |
88,762
| – | – |
|
1480
Knowles
KN
$3.23B
| $3.09M | ﹤0.01% |
207,400
+2,700
| +1% | +$40.9K |
|
1481
Ironwood Pharmaceuticals
IRWD
$714M
| $3.09M | ﹤0.01% |
343,200
+7,700
| +2% | +$76.5K |
|
1482
Cimpress
CMPR
$2.4B
| $3.08M | ﹤0.01% |
41,000
| – | – |
|
1483
James River Group Holdings
JRVR
$199M
| $3.08M | ﹤0.01% |
69,199
+1,300
| +2% | +$60.6K |
|
1484
First Interstate BancSystem
FIBK
$3.7B
| $3.07M | ﹤0.01% |
96,383
| – | – |
|
|
CSGS
1485
DELISTED
CSG Systems International
CSGS
| $3.07M | ﹤0.01% |
74,900
+1,500
| +2% | +$62.5K |
|
|
SNBR
1486
DELISTED
Sleep Number
SNBR
| $3.06M | ﹤0.01% |
62,600
+600
| +1% | +$28.2K |
|
1487
Monro
MNRO
$352M
| $3.06M | ﹤0.01% |
75,442
+1,100
| +1% | +$56.1K |
|
1488
Terex
TEX
$7.57B
| $3.06M | ﹤0.01% |
157,800
| – | – |
|
1489
Laureate Education
LAUR
$5.1B
| $3.05M | ﹤0.01% |
229,400
+4,500
| +2% | +$54.1K |
|
1490
World Kinect Corp
WKC
$1.89B
| $3.04M | ﹤0.01% |
143,500
-2,400
| -2% | -$58.7K |
|
1491
HNI Corp
HNI
$3.55B
| $3.03M | ﹤0.01% |
96,700
+1,800
| +2% | +$55.4K |
|
|
MAG
1492
DELISTED
MAG Silver
MAG
| $3.03M | ﹤0.01% |
187,000
+11,700
| +7% | +$187K |
|
1493
Gentherm
THRM
$1.27B
| $3.02M | ﹤0.01% |
73,900
+600
| +0.8% | +$25.1K |
|
1494
Cohen & Steers
CNS
$4.4B
| $3.02M | ﹤0.01% |
54,100
+1,300
| +2% | +$80.2K |
|
1495
OSI Systems
OSIS
$3.82B
| $3.01M | ﹤0.01% |
38,800
| – | – |
|
|
SYKE
1496
DELISTED
SYKES Enterprises Inc
SYKE
| $3M | ﹤0.01% |
87,823
| – | – |
|
|
MDRX
1497
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3M | ﹤0.01% |
368,400
+5,900
| +2% | +$48.2K |
|
1498
Urban Outfitters
URBN
$6.63B
| $3M | ﹤0.01% |
144,073
+1,900
| +1% | +$37.3K |
|
|
EGOV
1499
DELISTED
NIC Inc
EGOV
| $2.99M | ﹤0.01% |
151,800
+2,300
| +2% | +$49.7K |
|
|
ARI
1500
Apollo Commercial Real Estate
ARI
$885M
| $2.98M | ﹤0.01% |
331,239
+4,600
| +1% | +$42.3K |
|
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.