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 |
Bristol-Myers Squibb
BMY
|
+$114M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$31.3M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$26.4M |
| 4 |
Tyler Technologies
TYL
|
+$25M |
| 5 |
Brown & Brown
BRO
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$249M |
| 2 |
CELG
Celgene Corp
CELG
|
+$231M |
| 3 |
Microsoft
MSFT
|
+$171M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
Amazon
AMZN
|
+$99.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.7% |
| 2 | Healthcare | 14.91% |
| 3 | Consumer Discretionary | 11.71% |
| 4 | Communication Services | 10.34% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MTSC
1801
DELISTED
MTS Systems Corp
MTSC
| $1.78M | ﹤0.01% |
37,000
+3,300
| +10% | +$175K |
|
|
HNGR
1802
DELISTED
Hanger Inc.
HNGR
| $1.77M | ﹤0.01% |
64,300
+2,000
| +3% | +$47.5K |
|
1803
Unitil
UTL
$994M
| $1.77M | ﹤0.01% |
28,600
+500
| +2% | +$30.9K |
|
1804
Acco Brands
ACCO
$396M
| $1.76M | ﹤0.01% |
188,500
-3,500
| -2% | -$33.1K |
|
|
MAG
1805
DELISTED
MAG Silver
MAG
| $1.76M | ﹤0.01% |
149,400
+2,600
| +2% | +$26.8K |
|
|
POLY
1806
DELISTED
Plantronics, Inc.
POLY
| $1.76M | ﹤0.01% |
64,400
+1,500
| +2% | +$45.1K |
|
|
FSP
1807
Franklin Street Properties
FSP
$47.3M
| $1.76M | ﹤0.01% |
205,263
+3,700
| +2% | +$31.8K |
|
1808
Celestica
CLS
$42.3B
| $1.75M | ﹤0.01% |
211,900
-3,200
| -1% | -$23.9K |
|
1809
Preferred Bank
PFBC
$1.28B
| $1.75M | ﹤0.01% |
29,189
+700
| +2% | +$38.4K |
|
1810
Enanta Pharmaceuticals
ENTA
$383M
| $1.75M | ﹤0.01% |
28,300
+600
| +2% | +$37.2K |
|
|
TRHC
1811
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.75M | ﹤0.01% |
35,900
+800
| +2% | +$37.5K |
|
1812
Adeia
ADEA
$3.31B
| $1.75M | ﹤0.01% |
356,832
+7,182
| +2% | +$38.1K |
|
|
COOP
1813
DELISTED
Mr. Cooper
COOP
| $1.75M | ﹤0.01% |
139,600
+4,400
| +3% | +$54K |
|
1814
Universal Insurance Holdings
UVE
$1.19B
| $1.74M | ﹤0.01% |
62,100
+600
| +1% | +$17.4K |
|
|
SAFE
1815
Safehold
SAFE
$1.09B
| $1.73M | ﹤0.01% |
24,468
-452
| -2% | -$28.6K |
|
1816
Appian
APPN
$2.56B
| $1.73M | ﹤0.01% |
45,200
+1,200
| +3% | +$51.7K |
|
1817
German American Bancorp
GABC
$1.93B
| $1.73M | ﹤0.01% |
48,450
+4,300
| +10% | +$144K |
|
1818
Levi Strauss
LEVI
$8.64B
| $1.73M | ﹤0.01% |
+89,500
| New | +$1.6M |
|
1819
Astec Industries
ASTE
$995M
| $1.72M | ﹤0.01% |
40,900
+600
| +1% | +$21.8K |
|
1820
Columbus McKinnon
CMCO
$547M
| $1.72M | ﹤0.01% |
42,911
+1,600
| +4% | +$61.9K |
|
1821
Yext
YEXT
$597M
| $1.71M | ﹤0.01% |
118,700
+4,100
| +4% | +$63.6K |
|
|
CCF
1822
DELISTED
Chase Corporation
CCF
| $1.71M | ﹤0.01% |
14,400
+200
| +1% | +$23.2K |
|
1823
Extreme Networks
EXTR
$3.21B
| $1.7M | ﹤0.01% |
231,200
+8,200
| +4% | +$57.5K |
|
1824
Inspire Medical Systems
INSP
$1.67B
| $1.7M | ﹤0.01% |
22,900
+600
| +3% | +$38.6K |
|
1825
Codexis
CDXS
$170M
| $1.7M | ﹤0.01% |
106,100
+8,700
| +9% | +$129K |
|
Similar funds
Swiss National Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Swiss National Bank held 2,602 positions worth $97.5B, up 3.6% from $94.1B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Swiss National Bank withdrew a net $3.98B in Q4 2019, closing 96 positions and reducing 725 holdings. Its most notable exit was Celgene Corp, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Match Group worth $14.7M.
- Swiss National Bank's largest Q4 2019 buy was Match Group: 179,200 shares worth $14.7M.
- Swiss National Bank added most to Bristol-Myers Squibb in Q4 2019, an estimated $114M increase.
- Swiss National Bank's biggest Q4 2019 reduction was Apple, cutting an estimated $249M.
- Swiss National Bank fully exited Celgene Corp in Q4 2019, selling an estimated $231M.
- Swiss National Bank's ten largest holdings make up 19% of its $97.5B portfolio in Q4 2019.
- Swiss National Bank opened 82 new positions and closed 96 in Q4 2019.
- Swiss National Bank's portfolio value rose 3.6% quarter-over-quarter to $97.5B.
Based on Swiss National Bank's 13F filing for Q4 2019, filed 6 Feb 2020.