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 | |
|---|---|---|---|---|---|---|
1526
First Merchants
FRME
$2.72B
| $2.86M | ﹤0.01% |
123,662
| – | – |
|
|
AMWD
1527
DELISTED
American Woodmark
AMWD
| $2.86M | ﹤0.01% |
36,400
+500
| +1% | +$40.8K |
|
|
VGR
1528
DELISTED
Vector Group Ltd.
VGR
| $2.86M | ﹤0.01% |
415,771
+20,304
| +5% | +$138K |
|
|
FBC
1529
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $2.86M | ﹤0.01% |
96,400
+14,200
| +17% | +$427K |
|
|
AVYA
1530
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2.85M | ﹤0.01% |
187,600
-25,100
| -12% | -$355K |
|
1531
Kadant
KAI
$3.94B
| $2.85M | ﹤0.01% |
26,000
+600
| +2% | +$68K |
|
|
PGRE
1532
DELISTED
Paramount Group
PGRE
| $2.85M | ﹤0.01% |
402,043
-4,200
| -1% | -$30.6K |
|
|
SVM
1533
Silvercorp Metals
SVM
$2.68B
| $2.85M | ﹤0.01% |
396,200
+8,400
| +2% | +$62K |
|
1534
Goosehead Insurance
GSHD
$2.33B
| $2.84M | ﹤0.01% |
32,800
+2,200
| +7% | +$200K |
|
1535
Axos Financial
AX
$5.68B
| $2.84M | ﹤0.01% |
121,700
-1,600
| -1% | -$36.6K |
|
1536
Verra Mobility
VRRM
$714M
| $2.83M | ﹤0.01% |
293,200
+9,000
| +3% | +$94.1K |
|
1537
Yext
YEXT
$574M
| $2.83M | ﹤0.01% |
186,400
+7,000
| +4% | +$118K |
|
1538
Adeia
ADEA
$3.16B
| $2.83M | ﹤0.01% |
930,810
+6,048
| +0.7% | +$22.3K |
|
|
CXP
1539
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.83M | ﹤0.01% |
259,345
+2,100
| +0.8% | +$25K |
|
1540
Capitol Federal Financial
CFFN
$1.1B
| $2.82M | ﹤0.01% |
304,700
+4,600
| +2% | +$44.8K |
|
1541
Acushnet Holdings
GOLF
$5.2B
| $2.82M | ﹤0.01% |
83,900
| – | – |
|
|
RPAI
1542
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $2.82M | ﹤0.01% |
485,274
+7,700
| +2% | +$49.5K |
|
1543
Piper Sandler
PIPR
$5.34B
| $2.82M | ﹤0.01% |
154,400
+7,600
| +5% | +$130K |
|
1544
ADT
ADT
$5.34B
| $2.82M | ﹤0.01% |
344,700
+5,200
| +2% | +$50.6K |
|
1545
PJT Partners
PJT
$4.36B
| $2.81M | ﹤0.01% |
46,335
+2,500
| +6% | +$140K |
|
|
BRMK
1546
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $2.81M | ﹤0.01% |
284,500
+4,500
| +2% | +$43.4K |
|
|
PDCE
1547
DELISTED
PDC Energy, Inc.
PDCE
| $2.8M | ﹤0.01% |
225,614
+2,100
| +0.9% | +$29.9K |
|
|
FMBI
1548
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $2.79M | ﹤0.01% |
259,000
+13,600
| +6% | +$168K |
|
|
AAT
1549
American Assets Trust
AAT
$1.39B
| $2.79M | ﹤0.01% |
115,700
+1,700
| +1% | +$44.1K |
|
1550
uniQure
QURE
$3.26B
| $2.77M | ﹤0.01% |
75,300
+2,200
| +3% | +$90.1K |
|
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.