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 | |
|---|---|---|---|---|---|---|
|
HAPN
1776
Happen Inc
HAPN
$2.26B
| $1.68M | ﹤0.01% |
108,740
+3,960
| +4% | +$61.1K |
|
|
HIFR
1777
DELISTED
InfraREIT, Inc.
HIFR
| $1.68M | ﹤0.01% |
80,100
+2,400
| +3% | +$50.8K |
|
1778
Amkor Technology
AMKR
$14.5B
| $1.68M | ﹤0.01% |
196,500
+5,900
| +3% | +$48.8K |
|
1779
Genesco
GCO
$392M
| $1.68M | ﹤0.01% |
36,800
+1,600
| +5% | +$73.3K |
|
1780
Scansource
SCSC
$1.08B
| $1.67M | ﹤0.01% |
46,700
+1,700
| +4% | +$63.5K |
|
1781
WisdomTree
WT
$3.45B
| $1.67M | ﹤0.01% |
237,000
+6,900
| +3% | +$47.5K |
|
|
VCRA
1782
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.67M | ﹤0.01% |
52,900
+2,700
| +5% | +$95.7K |
|
1783
Middlesex Water
MSEX
$1.1B
| $1.67M | ﹤0.01% |
29,862
+900
| +3% | +$50.7K |
|
1784
Stewart Information Services
STC
$2.07B
| $1.67M | ﹤0.01% |
39,000
+1,200
| +3% | +$51.5K |
|
|
CBPX
1785
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.66M | ﹤0.01% |
67,100
+1,700
| +3% | +$44.7K |
|
1786
Interface
TILE
$2.18B
| $1.66M | ﹤0.01% |
108,500
+3,300
| +3% | +$54K |
|
1787
Fate Therapeutics
FATE
$298M
| $1.65M | ﹤0.01% |
94,000
+5,300
| +6% | +$83.7K |
|
|
SAVE
1788
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.64M | ﹤0.01% |
31,100
+800
| +3% | +$46K |
|
1789
Shutterstock
SSTK
$208M
| $1.64M | ﹤0.01% |
35,200
+1,200
| +4% | +$50.6K |
|
|
AIMT
1790
DELISTED
Aimmune Therapeutics
AIMT
| $1.64M | ﹤0.01% |
73,374
+6,200
| +9% | +$146K |
|
|
CLDT
1791
Chatham Lodging
CLDT
$600M
| $1.63M | ﹤0.01% |
84,800
+3,700
| +5% | +$72.7K |
|
1792
Comscore
SCOR
$92.2M
| $1.63M | ﹤0.01% |
4,025
+120
| +3% | +$48.8K |
|
1793
Cohen & Steers
CNS
$4.36B
| $1.62M | ﹤0.01% |
38,400
+1,200
| +3% | +$46.7K |
|
1794
Gran Tierra Energy
GTE
$332M
| $1.62M | ﹤0.01% |
71,320
+2,150
| +3% | +$50.4K |
|
1795
Extreme Networks
EXTR
$3.2B
| $1.62M | ﹤0.01% |
215,700
+6,500
| +3% | +$47.4K |
|
|
EPZM
1796
DELISTED
Epizyme, Inc
EPZM
| $1.61M | ﹤0.01% |
130,300
+27,100
| +26% | +$303K |
|
1797
PJT Partners
PJT
$4.46B
| $1.61M | ﹤0.01% |
38,535
+4,000
| +12% | +$172K |
|
1798
Acco Brands
ACCO
$398M
| $1.6M | ﹤0.01% |
187,300
+2,500
| +1% | +$21.9K |
|
|
AVX
1799
DELISTED
AVX Corporation
AVX
| $1.6M | ﹤0.01% |
92,300
+2,800
| +3% | +$49K |
|
1800
Editas Medicine
EDIT
$433M
| $1.6M | ﹤0.01% |
65,400
+2,200
| +3% | +$49.8K |
|
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.