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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.01% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.43% |
| 5 | Communication Services | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
First Majestic Silver
AG
$9.26B
| $1.76M | ﹤0.01% |
288,300
+12,700
| +5% | +$78.1K |
|
1727
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $1.76M | ﹤0.01% |
90,434
| – | – |
|
|
LHCG
1728
DELISTED
LHC Group LLC
LHCG
| $1.76M | ﹤0.01% |
28,635
+1,400
| +5% | +$88.4K |
|
|
HDP
1729
DELISTED
Hortonworks, Inc.
HDP
| $1.76M | ﹤0.01% |
86,200
+6,200
| +8% | +$122K |
|
|
MNR
1730
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.75M | ﹤0.01% |
116,600
+2,600
| +2% | +$40.7K |
|
1731
United Parks & Resorts
PRKS
$2.04B
| $1.75M | ﹤0.01% |
118,200
+8,000
| +7% | +$118K |
|
1732
Evertec
EVTC
$1.91B
| $1.75M | ﹤0.01% |
107,074
+5,500
| +5% | +$86.5K |
|
1733
OraSure Technologies
OSUR
$277M
| $1.75M | ﹤0.01% |
103,400
+2,100
| +2% | +$39.8K |
|
|
TGE
1734
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $1.75M | ﹤0.01% |
91,800
| – | – |
|
1735
Advanced Drainage Systems
WMS
$11.3B
| $1.74M | ﹤0.01% |
67,200
| – | – |
|
1736
Hanmi Financial
HAFC
$963M
| $1.74M | ﹤0.01% |
56,500
+2,800
| +5% | +$87.4K |
|
|
KNL
1737
DELISTED
Knoll, Inc.
KNL
| $1.73M | ﹤0.01% |
85,900
+4,700
| +6% | +$104K |
|
|
RPT
1738
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.73M | ﹤0.01% |
139,600
| – | – |
|
1739
FormFactor
FORM
$10.3B
| $1.72M | ﹤0.01% |
125,900
+2,400
| +2% | +$34.7K |
|
1740
Lindsay Corp
LNN
$1.17B
| $1.72M | ﹤0.01% |
18,800
| – | – |
|
1741
Camping World
CWH
$675M
| $1.71M | ﹤0.01% |
53,100
+2,500
| +5% | +$101K |
|
|
CORE
1742
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.71M | ﹤0.01% |
80,400
+1,500
| +2% | +$33.8K |
|
1743
Douglas Dynamics
PLOW
$967M
| $1.71M | ﹤0.01% |
39,400
+2,400
| +6% | +$99.5K |
|
1744
Seacoast Banking Corp of Florida
SBCF
$3.48B
| $1.71M | ﹤0.01% |
64,500
+2,300
| +4% | +$60.8K |
|
1745
Pathward Financial
CASH
$1.79B
| $1.7M | ﹤0.01% |
46,800
+2,400
| +5% | +$85.8K |
|
1746
AeroVironment
AVAV
$9.59B
| $1.7M | ﹤0.01% |
37,400
+1,300
| +4% | +$65K |
|
|
FARO
1747
DELISTED
Faro Technologies
FARO
| $1.7M | ﹤0.01% |
29,100
+600
| +2% | +$33.3K |
|
1748
Standard Motor Products
SMP
$870M
| $1.7M | ﹤0.01% |
35,700
+2,100
| +6% | +$99.4K |
|
1749
Warrior Met Coal
HCC
$4.98B
| $1.69M | ﹤0.01% |
60,400
+1,200
| +2% | +$34.7K |
|
1750
Southside Bancshares
SBSI
$984M
| $1.69M | ﹤0.01% |
48,618
+1,900
| +4% | +$66.1K |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.