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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.02% |
| 2 | Healthcare | 15.44% |
| 3 | Consumer Discretionary | 11.89% |
| 4 | Communication Services | 10.26% |
| 5 | Industrials | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GPMT
1751
Granite Point Mortgage Trust
GPMT
$57.8M
| $1.73M | ﹤0.01% |
93,177
+16,300
| +21% | +$308K |
|
1752
Arbor Realty Trust
ABR
$951M
| $1.73M | ﹤0.01% |
133,051
+4,947
| +4% | +$60.1K |
|
|
DNR
1753
DELISTED
Denbury Resources, Inc.
DNR
| $1.72M | ﹤0.01% |
839,300
+24,800
| +3% | +$49.4K |
|
1754
Winnebago Industries
WGO
$894M
| $1.72M | ﹤0.01% |
55,200
+2,800
| +5% | +$84.1K |
|
|
TELL
1755
DELISTED
Tellurian Inc.
TELL
| $1.72M | ﹤0.01% |
153,400
+4,500
| +3% | +$42.3K |
|
1756
Baytex Energy
BTE
$3.06B
| $1.72M | ﹤0.01% |
1,009,676
+24,900
| +3% | +$43.6K |
|
1757
Lantheus
LNTH
$6.59B
| $1.72M | ﹤0.01% |
70,100
+2,400
| +4% | +$48K |
|
|
CJ
1758
DELISTED
C&J Energy Services, Inc.
CJ
| $1.72M | ﹤0.01% |
110,500
+1,700
| +2% | +$27.4K |
|
1759
Standex International
SXI
$3.99B
| $1.71M | ﹤0.01% |
23,300
+600
| +3% | +$45.4K |
|
1760
Southside Bancshares
SBSI
$985M
| $1.71M | ﹤0.01% |
51,318
+1,700
| +3% | +$57.6K |
|
|
KNL
1761
DELISTED
Knoll, Inc.
KNL
| $1.7M | ﹤0.01% |
90,000
+2,600
| +3% | +$51.6K |
|
|
XENT
1762
DELISTED
Intersect ENT, Inc
XENT
| $1.7M | ﹤0.01% |
52,900
+1,700
| +3% | +$52.6K |
|
1763
United Fire Group
UFCS
$1.39B
| $1.7M | ﹤0.01% |
38,900
+1,200
| +3% | +$60K |
|
|
AQUA
1764
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $1.7M | ﹤0.01% |
135,100
+6,100
| +5% | +$72.6K |
|
1765
OceanFirst Financial
OCFC
$1.91B
| $1.7M | ﹤0.01% |
70,533
+2,200
| +3% | +$53.4K |
|
1766
Essential Properties Realty Trust
EPRT
$6.74B
| $1.69M | ﹤0.01% |
86,800
+21,000
| +32% | +$343K |
|
1767
AtriCure
ATRC
$2.24B
| $1.69M | ﹤0.01% |
63,200
+6,300
| +11% | +$191K |
|
1768
GrafTech
EAF
$200M
| $1.69M | ﹤0.01% |
13,240
+400
| +3% | +$53.1K |
|
1769
Dillards
DDS
$9.07B
| $1.69M | ﹤0.01% |
23,500
+600
| +3% | +$41.3K |
|
|
PRFT
1770
DELISTED
Perficient Inc
PRFT
| $1.69M | ﹤0.01% |
61,600
| – | – |
|
1771
Sturm, Ruger & Co
RGR
$599M
| $1.69M | ﹤0.01% |
31,800
+1,100
| +4% | +$60K |
|
|
BPFH
1772
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.69M | ﹤0.01% |
153,800
+4,300
| +3% | +$49.1K |
|
1773
CTS Corp
CTS
$1.8B
| $1.68M | ﹤0.01% |
57,300
+1,700
| +3% | +$49.9K |
|
1774
TFS Financial
TFSL
$4.96B
| $1.68M | ﹤0.01% |
102,100
+4,100
| +4% | +$68.5K |
|
|
TRHC
1775
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.68M | ﹤0.01% |
29,800
+1,200
| +4% | +$71.5K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.