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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.26% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.37% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UHT
1801
Universal Health Realty Income Trust
UHT
$573M
| $1.69M | ﹤0.01% |
29,600
+400
| +1% | +$27K |
|
1802
QuinStreet
QNST
$1.19B
| $1.68M | ﹤0.01% |
106,000
+1,700
| +2% | +$22.1K |
|
1803
Sprout Social
SPT
$604M
| $1.68M | ﹤0.01% |
43,541
+16,100
| +59% | +$511K |
|
|
SII
1804
Sprott
SII
$3.03B
| $1.67M | ﹤0.01% |
49,175
+5,500
| +13% | +$215K |
|
1805
Quince Therapeutics
QNCX
$33M
| $1.67M | ﹤0.01% |
167
+3
| +2% | +$27.3K |
|
1806
Standex International
SXI
$3.97B
| $1.66M | ﹤0.01% |
28,100
+300
| +1% | +$17.2K |
|
1807
BancFirst
BANF
$3.89B
| $1.66M | ﹤0.01% |
40,718
+600
| +1% | +$25.3K |
|
1808
Stock Yards Bancorp
SYBT
$2.64B
| $1.66M | ﹤0.01% |
48,823
+900
| +2% | +$35.9K |
|
1809
Tronox
TROX
$958M
| $1.66M | ﹤0.01% |
211,200
+5,300
| +3% | +$44.2K |
|
|
LADR
1810
Ladder Capital
LADR
$1.27B
| $1.66M | ﹤0.01% |
233,307
+2,500
| +1% | +$18.8K |
|
1811
Benchmark Electronics
BHE
$2.89B
| $1.66M | ﹤0.01% |
82,400
| – | – |
|
|
VIVO
1812
DELISTED
Meridian Bioscience Inc
VIVO
| $1.65M | ﹤0.01% |
97,100
+1,500
| +2% | +$29.2K |
|
1813
Axcelis
ACLS
$4.42B
| $1.64M | ﹤0.01% |
74,500
+1,700
| +2% | +$43.3K |
|
1814
Macerich
MAC
$6.99B
| $1.63M | ﹤0.01% |
240,615
-24,000
| -9% | -$189K |
|
|
CCF
1815
DELISTED
Chase Corporation
CCF
| $1.63M | ﹤0.01% |
17,100
+300
| +2% | +$30.5K |
|
1816
Live Oak Bancshares
LOB
$2.01B
| $1.63M | ﹤0.01% |
64,200
+3,100
| +5% | +$60.4K |
|
1817
Triumph Financial Inc
TFIN
$1.87B
| $1.63M | ﹤0.01% |
52,200
| – | – |
|
1818
Cohu
COHU
$2.76B
| $1.62M | ﹤0.01% |
94,550
+2,400
| +3% | +$42K |
|
|
ONEM
1819
DELISTED
1Life Healthcare
ONEM
| $1.62M | ﹤0.01% |
57,200
+900
| +2% | +$28.4K |
|
1820
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $1.62M | ﹤0.01% |
76,929
+1,300
| +2% | +$25.2K |
|
1821
AudioCodes
AUDC
$253M
| $1.61M | ﹤0.01% |
50,830
+858
| +2% | +$29.1K |
|
|
MIK
1822
DELISTED
Michaels Stores, Inc
MIK
| $1.61M | ﹤0.01% |
166,943
+3,100
| +2% | +$26.9K |
|
|
DMC
1823
Del Monte Corp
DMC
$1.44B
| $1.6M | ﹤0.01% |
69,700
| – | – |
|
1824
Tactile Systems Technology
TCMD
$537M
| $1.59M | ﹤0.01% |
43,600
+800
| +2% | +$29.3K |
|
|
EVRI
1825
DELISTED
Everi Holdings
EVRI
| $1.59M | ﹤0.01% |
192,800
+4,900
| +3% | +$34K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.