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 |
Alibaba
BABA
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARR
1701
Armour Residential REIT
ARR
$2.37B
| $1.88M | ﹤0.01% |
22,422
+580
| +3% | +$50.7K |
|
|
KEM
1702
DELISTED
KEMET Corporation
KEM
| $1.88M | ﹤0.01% |
103,200
+1,100
| +1% | +$20.8K |
|
1703
Herc Holdings
HRI
$5.64B
| $1.87M | ﹤0.01% |
40,246
+500
| +1% | +$21.7K |
|
1704
BancFirst
BANF
$3.89B
| $1.87M | ﹤0.01% |
33,718
+300
| +0.9% | +$16.7K |
|
1705
Caleres
CAL
$461M
| $1.87M | ﹤0.01% |
79,800
| – | – |
|
1706
Heritage Financial
HFWA
$1.23B
| $1.87M | ﹤0.01% |
69,268
+600
| +0.9% | +$16.6K |
|
|
LGF.B
1707
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $1.87M | ﹤0.01% |
213,594
+3,200
| +2% | +$34.3K |
|
|
MSGN
1708
DELISTED
MSG Networks Inc.
MSGN
| $1.87M | ﹤0.01% |
115,100
+1,000
| +0.9% | +$17.9K |
|
1709
TriCo Bancshares
TCBK
$1.86B
| $1.87M | ﹤0.01% |
51,400
+400
| +0.8% | +$14.7K |
|
1710
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $1.86M | ﹤0.01% |
67,129
+600
| +0.9% | +$16.9K |
|
|
MTSC
1711
DELISTED
MTS Systems Corp
MTSC
| $1.86M | ﹤0.01% |
33,700
+300
| +0.9% | +$17.1K |
|
1712
Greif
GEF
$5.03B
| $1.86M | ﹤0.01% |
49,100
+900
| +2% | +$31.4K |
|
|
CPE
1713
DELISTED
Callon Petroleum Company
CPE
| $1.86M | ﹤0.01% |
42,830
+430
| +1% | +$21K |
|
1714
Boot Barn
BOOT
$4.92B
| $1.86M | ﹤0.01% |
53,200
+500
| +0.9% | +$16.6K |
|
1715
Coeur Mining
CDE
$19B
| $1.85M | ﹤0.01% |
384,900
+6,600
| +2% | +$32.7K |
|
1716
MACOM Technology Solutions
MTSI
$23.5B
| $1.85M | ﹤0.01% |
86,050
+900
| +1% | +$17.6K |
|
1717
Apogee Enterprises
APOG
$888M
| $1.84M | ﹤0.01% |
47,300
-700
| -1% | -$27.7K |
|
1718
Kadant
KAI
$3.91B
| $1.84M | ﹤0.01% |
21,000
+300
| +1% | +$25.7K |
|
1719
Universal Insurance Holdings
UVE
$1.18B
| $1.84M | ﹤0.01% |
61,500
| – | – |
|
1720
Amkor Technology
AMKR
$14.3B
| $1.84M | ﹤0.01% |
202,500
+1,900
| +0.9% | +$16.3K |
|
|
LTHM
1721
DELISTED
Livent Corporation
LTHM
| $1.84M | ﹤0.01% |
274,435
+2,700
| +1% | +$18.1K |
|
|
BPFH
1722
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.83M | ﹤0.01% |
157,400
+1,600
| +1% | +$18K |
|
1723
The Greenbrier Companies
GBX
$1.42B
| $1.83M | ﹤0.01% |
60,800
+600
| +1% | +$16.2K |
|
1724
Standard Motor Products
SMP
$870M
| $1.82M | ﹤0.01% |
37,600
| – | – |
|
|
BIG
1725
DELISTED
Big Lots, Inc.
BIG
| $1.82M | ﹤0.01% |
74,506
| – | – |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.