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 | |
|---|---|---|---|---|---|---|
|
MODV
1876
DELISTED
ModivCare
MODV
| $1.4M | ﹤0.01% |
21,000
+600
| +3% | +$39.3K |
|
|
BRSS
1877
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.4M | ﹤0.01% |
40,500
+1,200
| +3% | +$37.2K |
|
|
HMHC
1878
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.39M | ﹤0.01% |
191,400
+5,700
| +3% | +$51.2K |
|
1879
Astec Industries
ASTE
$992M
| $1.39M | ﹤0.01% |
36,800
| – | – |
|
1880
Marcus Corp
MCS
$916M
| $1.39M | ﹤0.01% |
34,700
+1,600
| +5% | +$66.2K |
|
1881
MACOM Technology Solutions
MTSI
$23.8B
| $1.39M | ﹤0.01% |
83,150
+2,500
| +3% | +$43.6K |
|
|
CNR
1882
Core Natural Resources Inc
CNR
$4.76B
| $1.39M | ﹤0.01% |
40,532
+800
| +2% | +$28K |
|
1883
Wabash National
WNC
$521M
| $1.39M | ﹤0.01% |
102,200
| – | – |
|
|
INFN
1884
DELISTED
Infinera Corporation Common Stock
INFN
| $1.38M | ﹤0.01% |
318,900
+48,400
| +18% | +$223K |
|
1885
Tidewater
TDW
$4.7B
| $1.38M | ﹤0.01% |
59,600
+3,000
| +5% | +$67.4K |
|
|
FARO
1886
DELISTED
Faro Technologies
FARO
| $1.38M | ﹤0.01% |
31,400
+1,400
| +5% | +$61.8K |
|
|
BRY
1887
DELISTED
Berry Corp
BRY
| $1.37M | ﹤0.01% |
119,100
+83,100
| +231% | +$945K |
|
|
TRST
1888
Trustco Bank Corp NY
TRST
$977M
| $1.37M | ﹤0.01% |
35,240
+1,100
| +3% | +$43.5K |
|
|
RUTH
1889
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.37M | ﹤0.01% |
53,400
+1,900
| +4% | +$46.4K |
|
1890
Washington Trust Bancorp
WASH
$767M
| $1.36M | ﹤0.01% |
28,300
+800
| +3% | +$41.1K |
|
|
VIVO
1891
DELISTED
Meridian Bioscience Inc
VIVO
| $1.36M | ﹤0.01% |
77,300
+2,300
| +3% | +$38.3K |
|
1892
Chefs' Warehouse
CHEF
$4.6B
| $1.36M | ﹤0.01% |
43,700
+1,300
| +3% | +$42.6K |
|
|
CARO
1893
DELISTED
Carolina Financial Corp.
CARO
| $1.35M | ﹤0.01% |
39,100
+1,100
| +3% | +$38.2K |
|
1894
GoPro
GPRO
$111M
| $1.35M | ﹤0.01% |
207,900
+7,000
| +3% | +$39.2K |
|
1895
CRISPR Therapeutics
CRSP
$5.14B
| $1.35M | ﹤0.01% |
37,800
+4,000
| +12% | +$138K |
|
|
COOP
1896
DELISTED
Mr. Cooper
COOP
| $1.35M | ﹤0.01% |
140,700
+4,200
| +3% | +$56.4K |
|
|
VRS
1897
DELISTED
Verso Corporation
VRS
| $1.35M | ﹤0.01% |
63,000
+1,900
| +3% | +$43.8K |
|
1898
Evolent Health
EVH
$521M
| $1.35M | ﹤0.01% |
107,100
+3,800
| +4% | +$60.2K |
|
|
EVRI
1899
DELISTED
Everi Holdings
EVRI
| $1.35M | ﹤0.01% |
127,900
+4,900
| +4% | +$37.3K |
|
1900
DMC Global
BOOM
$155M
| $1.34M | ﹤0.01% |
27,100
+800
| +3% | +$32.4K |
|
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.