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 | |
|---|---|---|---|---|---|---|
|
BAND
1726
Bandwidth Inc
BAND
$1.74B
| $1.82M | ﹤0.01% |
28,000
+300
| +1% | +$23.4K |
|
1727
Heartland Express
HTLD
$979M
| $1.82M | ﹤0.01% |
84,700
+900
| +1% | +$18K |
|
1728
Lantheus
LNTH
$6.59B
| $1.82M | ﹤0.01% |
72,700
+1,000
| +1% | +$24.6K |
|
1729
Patrick Industries
PATK
$2.78B
| $1.82M | ﹤0.01% |
63,713
| – | – |
|
1730
Yext
YEXT
$613M
| $1.82M | ﹤0.01% |
114,600
+11,400
| +11% | +$217K |
|
1731
Usana Health Sciences
USNA
$252M
| $1.8M | ﹤0.01% |
26,400
+400
| +2% | +$26.9K |
|
1732
AtriCure
ATRC
$2.21B
| $1.8M | ﹤0.01% |
72,300
+600
| +0.8% | +$17.1K |
|
|
ODP
1733
DELISTED
ODP
ODP
| $1.8M | ﹤0.01% |
102,500
+1,840
| +2% | +$31.7K |
|
|
EBSB
1734
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.79M | ﹤0.01% |
95,600
+1,000
| +1% | +$18.2K |
|
|
TIVO
1735
DELISTED
Tivo Inc
TIVO
| $1.79M | ﹤0.01% |
234,513
+2,300
| +1% | +$17.6K |
|
1736
3D Systems Corp
DDD
$601M
| $1.78M | ﹤0.01% |
219,050
+6,600
| +3% | +$53.3K |
|
|
TWOU
1737
DELISTED
2U Inc
TWOU
| $1.78M | ﹤0.01% |
3,653
+46
| +1% | +$33K |
|
1738
Unitil
UTL
$992M
| $1.78M | ﹤0.01% |
28,100
+400
| +1% | +$24K |
|
|
AHRT
1739
AH Realty Trust
AHRT
$506M
| $1.78M | ﹤0.01% |
98,500
+4,900
| +5% | +$84.8K |
|
1740
Denali Therapeutics
DNLI
$3.97B
| $1.78M | ﹤0.01% |
116,300
+1,500
| +1% | +$28.7K |
|
|
VAL
1741
DELISTED
Valaris plc Class A Ordinary Share
VAL
| $1.78M | ﹤0.01% |
+369,509
| New | +$1.99M |
|
|
CBPX
1742
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.77M | ﹤0.01% |
65,000
-1,200
| -2% | -$30.2K |
|
1743
National Healthcare
NHC
$3.44B
| $1.77M | ﹤0.01% |
21,630
+400
| +2% | +$33.1K |
|
1744
ADT
ADT
$5.46B
| $1.76M | ﹤0.01% |
281,500
| – | – |
|
1745
Clear Channel Outdoor Holdings
CCO
$1.18B
| $1.76M | ﹤0.01% |
699,500
+635,200
| +988% | +$1.99M |
|
1746
GrafTech
EAF
$203M
| $1.75M | ﹤0.01% |
13,660
+140
| +1% | +$16.6K |
|
|
GES
1747
DELISTED
Guess Inc
GES
| $1.75M | ﹤0.01% |
94,200
-11,400
| -11% | -$189K |
|
|
HEES
1748
DELISTED
H&E Equipment Services
HEES
| $1.75M | ﹤0.01% |
60,500
+600
| +1% | +$16.2K |
|
|
DCH
1749
Dauch Corp
DCH
$1.6B
| $1.74M | ﹤0.01% |
211,100
+3,200
| +2% | +$29.1K |
|
|
FOE
1750
DELISTED
Ferro Corporation
FOE
| $1.73M | ﹤0.01% |
146,200
| – | – |
|
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.