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 | |
|---|---|---|---|---|---|---|
|
ISEE
1501
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $3.47M | ﹤0.01% |
193,200
+3,400
| +2% | +$44.6K |
|
1502
Horace Mann Educators
HMN
$2.11B
| $3.46M | ﹤0.01% |
98,200
+700
| +0.7% | +$25.2K |
|
1503
Allegro MicroSystems
ALGM
$8.21B
| $3.45M | ﹤0.01% |
158,100
+1,500
| +1% | +$34.8K |
|
1504
Strategic Education
STRA
$1.83B
| $3.45M | ﹤0.01% |
56,238
+900
| +2% | +$60.5K |
|
1505
Monro
MNRO
$356M
| $3.45M | ﹤0.01% |
79,342
| – | – |
|
1506
Ligand Pharmaceuticals
LGND
$5.76B
| $3.44M | ﹤0.01% |
64,120
+801
| +1% | +$47.1K |
|
|
TEN
1507
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.44M | ﹤0.01% |
197,700
+1,800
| +0.9% | +$33.8K |
|
|
NEX
1508
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $3.43M | ﹤0.01% |
462,933
+3,600
| +0.8% | +$31.5K |
|
1509
FB Financial Corp
FBK
$3.1B
| $3.42M | ﹤0.01% |
89,583
| – | – |
|
|
STER
1510
DELISTED
Sterling Check Corp. Common Stock
STER
| $3.42M | ﹤0.01% |
194,000
+1,200
| +0.6% | +$23.8K |
|
1511
Interparfums
IPAR
$3.66B
| $3.42M | ﹤0.01% |
45,300
+400
| +0.9% | +$31.7K |
|
1512
MYR Group
MYRG
$5.22B
| $3.42M | ﹤0.01% |
40,300
+400
| +1% | +$36.7K |
|
1513
Central Garden & Pet Co Class A
CENTA
$2.42B
| $3.41M | ﹤0.01% |
124,875
+625
| +0.5% | +$19.6K |
|
1514
InvenTrust Properties
IVT
$2.62B
| $3.41M | ﹤0.01% |
159,800
+1,200
| +0.8% | +$31.9K |
|
1515
Eagle Bancorp
EGBN
$885M
| $3.41M | ﹤0.01% |
76,032
+400
| +0.5% | +$19.1K |
|
1516
Jackson Financial
JXN
$9.19B
| $3.41M | ﹤0.01% |
122,800
-800
| -0.6% | -$23.6K |
|
1517
Adtran
ADTN
$680M
| $3.4M | ﹤0.01% |
173,678
+69,478
| +67% | +$1.52M |
|
1518
Ironwood Pharmaceuticals
IRWD
$679M
| $3.4M | ﹤0.01% |
328,300
-9,300
| -3% | -$105K |
|
|
VBTX
1519
DELISTED
Veritex Holdings
VBTX
| $3.4M | ﹤0.01% |
127,917
+11,400
| +10% | +$345K |
|
1520
Tronox
TROX
$950M
| $3.39M | ﹤0.01% |
277,100
+4,300
| +2% | +$63.8K |
|
1521
Tanger
SKT
$4.44B
| $3.39M | ﹤0.01% |
247,500
+1,600
| +0.7% | +$24.9K |
|
1522
StoneX
SNEX
$7.96B
| $3.38M | ﹤0.01% |
206,044
+1,519
| +0.7% | +$26K |
|
1523
Parsons
PSN
$5.06B
| $3.38M | ﹤0.01% |
86,100
+600
| +0.7% | +$24.9K |
|
1524
Melco Resorts & Entertainment
MLCO
$2.18B
| $3.37M | ﹤0.01% |
508,747
+5,300
| +1% | +$29.2K |
|
1525
Novavax
NVAX
$1.31B
| $3.37M | ﹤0.01% |
185,300
+5,500
| +3% | +$238K |
|
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.