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 |
ExxonMobil
XOM
|
+$153M |
| 2 |
GE Vernova
GEV
|
+$129M |
| 3 |
Ferrovial N.V. Ordinary Shares
FER
|
+$61.6M |
| 4 |
Solventum
SOLV
|
+$26.3M |
| 5 |
Strategy Inc
MSTR
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$184M |
| 2 |
GE Aerospace
GE
|
+$135M |
| 3 |
Apple
AAPL
|
+$104M |
| 4 |
Microsoft
MSFT
|
+$104M |
| 5 |
Meta Platforms (Facebook)
META
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.83% |
| 2 | Healthcare | 12.16% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.36% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Sprout Social
SPT
$604M
| $3.49M | ﹤0.01% |
97,841
+1,600
| +2% | +$64.4K |
|
1502
NeoGenomics
NEO
$2.11B
| $3.49M | ﹤0.01% |
251,400
| – | – |
|
1503
Kennametal
KMT
$2.35B
| $3.49M | ﹤0.01% |
148,100
-1,700
| -1% | -$41.8K |
|
1504
Provident Financial Services
PFS
$3.24B
| $3.48M | ﹤0.01% |
242,729
+101,229
| +72% | +$1.47M |
|
1505
John Wiley & Sons Class A
WLY
$2.63B
| $3.48M | ﹤0.01% |
85,400
-1,100
| -1% | -$41.9K |
|
1506
OFG Bancorp
OFG
$2.26B
| $3.48M | ﹤0.01% |
92,800
| – | – |
|
1507
Reynolds Consumer Products
REYN
$5.53B
| $3.47M | ﹤0.01% |
124,100
| – | – |
|
|
ACLX
1508
DELISTED
Arcellx
ACLX
| $3.47M | ﹤0.01% |
62,900
+6,500
| +12% | +$353K |
|
1509
Janus International
JBI
$664M
| $3.45M | ﹤0.01% |
272,800
-2,700
| -1% | -$37.7K |
|
1510
Kirby Corp
KEX
$7.26B
| $3.44M | ﹤0.01% |
28,757
-400
| -1% | -$44.7K |
|
1511
Geron
GERN
$982M
| $3.44M | ﹤0.01% |
810,800
+6,500
| +0.8% | +$25.3K |
|
1512
Trustmark
TRMK
$2.79B
| $3.43M | ﹤0.01% |
114,300
| – | – |
|
1513
Acadia Pharmaceuticals
ACAD
$5.07B
| $3.42M | ﹤0.01% |
210,604
| – | – |
|
1514
NovoCure
NVCR
$2.02B
| $3.42M | ﹤0.01% |
199,600
| – | – |
|
1515
QuantumScape Corp
QS
$3.79B
| $3.41M | ﹤0.01% |
694,100
+15,300
| +2% | +$85.3K |
|
1516
Upstart Holdings
UPST
$3.01B
| $3.41M | ﹤0.01% |
144,500
+1,800
| +1% | +$43.4K |
|
1517
Extreme Networks
EXTR
$3.16B
| $3.41M | ﹤0.01% |
253,200
-2,100
| -0.8% | -$24.1K |
|
1518
Helix Energy Solutions
HLX
$1.49B
| $3.4M | ﹤0.01% |
284,800
+2,500
| +0.9% | +$27.9K |
|
|
HBI
1519
DELISTED
Hanesbrands
HBI
| $3.4M | ﹤0.01% |
689,500
| – | – |
|
1520
Hillman Solutions
HLMN
$1.73B
| $3.4M | ﹤0.01% |
383,900
| – | – |
|
1521
Ardelyx
ARDX
$1.01B
| $3.4M | ﹤0.01% |
458,300
| – | – |
|
1522
Renasant Corp
RNST
$4B
| $3.38M | ﹤0.01% |
110,600
| – | – |
|
1523
Remitly
RELY
$5.39B
| $3.37M | ﹤0.01% |
278,100
+3,800
| +1% | +$58.9K |
|
1524
Enova International
ENVA
$6.52B
| $3.37M | ﹤0.01% |
54,100
-4,800
| -8% | -$293K |
|
1525
Rocket Companies
RKT
$42.6B
| $3.37M | ﹤0.01% |
245,700
+8,700
| +4% | +$118K |
|
Similar funds
Swiss National Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Swiss National Bank held 2,546 positions worth $146B, up 2% from $143B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Swiss National Bank's Q2 2024 filing shows 41 new, 569 increased, 1,097 reduced and 88 closed positions. Its largest new stake was GE Vernova: 811,465 shares worth $139M. The largest sale was Pioneer Natural Resource Co., an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2024 buy was GE Vernova: 811,465 shares worth $139M.
- Swiss National Bank added most to ExxonMobil in Q2 2024, an estimated $153M increase.
- Swiss National Bank's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $135M.
- Swiss National Bank fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $184M.
- Swiss National Bank's ten largest holdings make up 33% of its $146B portfolio in Q2 2024.
- Swiss National Bank opened 41 new positions and closed 88 in Q2 2024.
- Swiss National Bank's portfolio value rose 2% quarter-over-quarter to $146B.
Based on Swiss National Bank's 13F filing for Q2 2024, filed 8 Aug 2024.