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 | |
|---|---|---|---|---|---|---|
|
KEM
1801
DELISTED
KEMET Corporation
KEM
| $1.6M | ﹤0.01% |
94,200
+2,900
| +3% | +$53.3K |
|
1802
Opko Health
OPK
$993M
| $1.6M | ﹤0.01% |
612,200
+18,300
| +3% | +$55.4K |
|
1803
Trupanion
TRUP
$1.34B
| $1.59M | ﹤0.01% |
48,710
+2,300
| +5% | +$65.5K |
|
|
HTZ
1804
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $1.59M | ﹤0.01% |
105,592
+3,108
| +3% | +$45.2K |
|
|
SEMG
1805
DELISTED
SEMGROUP CORPORATION
SEMG
| $1.59M | ﹤0.01% |
108,141
+3,300
| +3% | +$52.2K |
|
1806
National Bank Holdings
NBHC
$1.94B
| $1.59M | ﹤0.01% |
47,700
+1,500
| +3% | +$50.2K |
|
|
CSW
1807
CSW Industrials
CSW
$5.63B
| $1.58M | ﹤0.01% |
27,649
| – | – |
|
1808
Heartland Express
HTLD
$992M
| $1.58M | ﹤0.01% |
82,100
+2,300
| +3% | +$45.7K |
|
1809
Andersons Inc
ANDE
$2.24B
| $1.58M | ﹤0.01% |
49,050
+1,500
| +3% | +$52K |
|
1810
World Acceptance Corp
WRLD
$896M
| $1.58M | ﹤0.01% |
13,500
+1,400
| +12% | +$158K |
|
|
AKS
1811
DELISTED
AK Steel Holding Corp
AKS
| $1.58M | ﹤0.01% |
575,000
+17,100
| +3% | +$48.5K |
|
|
ALX
1812
Alexander's
ALX
$1.39B
| $1.58M | ﹤0.01% |
4,200
+100
| +2% | +$35K |
|
1813
Douglas Dynamics
PLOW
$974M
| $1.58M | ﹤0.01% |
41,400
+1,300
| +3% | +$48.4K |
|
|
RTL
1814
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.57M | ﹤0.01% |
145,760
+51,000
| +54% | +$606K |
|
|
TERP
1815
DELISTED
TerraForm Power, Inc
TERP
| $1.57M | ﹤0.01% |
114,391
+3,500
| +3% | +$43K |
|
|
NTUS
1816
DELISTED
Natus Medical Inc
NTUS
| $1.56M | ﹤0.01% |
61,600
+2,500
| +4% | +$74.6K |
|
1817
BancFirst
BANF
$3.88B
| $1.55M | ﹤0.01% |
29,818
+900
| +3% | +$48.8K |
|
|
RCM
1818
DELISTED
R1 RCM Inc. Common Stock
RCM
| $1.55M | ﹤0.01% |
160,700
+5,100
| +3% | +$46.2K |
|
1819
AdvanSix
ASIX
$457M
| $1.55M | ﹤0.01% |
54,300
+1,200
| +2% | +$36.5K |
|
1820
AngioDynamics
ANGO
$644M
| $1.55M | ﹤0.01% |
67,700
+1,400
| +2% | +$30.4K |
|
|
APLS
1821
DELISTED
Apellis Pharmaceuticals
APLS
| $1.55M | ﹤0.01% |
79,400
+16,000
| +25% | +$252K |
|
|
INOV
1822
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.54M | ﹤0.01% |
124,300
+3,300
| +3% | +$44.7K |
|
|
ALDR
1823
DELISTED
Alder Biopharmaceuticals
ALDR
| $1.54M | ﹤0.01% |
113,142
+3,500
| +3% | +$45.3K |
|
1824
Primoris Services
PRIM
$4.48B
| $1.54M | ﹤0.01% |
74,600
+1,700
| +2% | +$35.8K |
|
1825
Cerus
CERS
$590M
| $1.54M | ﹤0.01% |
247,300
+10,700
| +5% | +$65K |
|
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.