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 |
Northrop Grumman
NOC
|
+$305M |
| 2 |
Prologis
PLD
|
+$97.9M |
| 3 |
Carlisle Companies
CSL
|
+$29.2M |
| 4 |
Healthcare Realty
HR
|
+$28.7M |
| 5 |
Gaming and Leisure Properties
GLPI
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$102M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$91.2M |
| 3 |
Chevron
CVX
|
+$54.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$52.9M |
| 5 |
Microsoft
MSFT
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.12% |
| 2 | Healthcare | 15.83% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Industrials | 8.88% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GOOS
1876
Canada Goose Holdings
GOOS
$844M
| $1.99M | ﹤0.01% |
129,500
-3,300
| -2% | -$61.7K |
|
1877
Editas Medicine
EDIT
$432M
| $1.98M | ﹤0.01% |
161,700
| – | – |
|
1878
Opko Health
OPK
$1.04B
| $1.98M | ﹤0.01% |
1,047,200
| – | – |
|
|
UMH
1879
UMH Properties
UMH
$1.39B
| $1.97M | ﹤0.01% |
122,200
+6,300
| +5% | +$118K |
|
1880
Relmada Therapeutics
RLMD
$507M
| $1.97M | ﹤0.01% |
53,300
+6,600
| +14% | +$183K |
|
1881
TTEC Holdings
TTEC
$77.4M
| $1.97M | ﹤0.01% |
44,500
| – | – |
|
|
AVID
1882
DELISTED
Avid Technology Inc
AVID
| $1.97M | ﹤0.01% |
84,800
| – | – |
|
1883
Columbia Financial
CLBK
$1.21B
| $1.97M | ﹤0.01% |
92,988
+4,900
| +6% | +$106K |
|
1884
Marcus & Millichap
MMI
$1.18B
| $1.96M | ﹤0.01% |
59,900
-800
| -1% | -$30.3K |
|
|
KREF
1885
KKR Real Estate Finance Trust
KREF
$493M
| $1.96M | ﹤0.01% |
120,800
+12,300
| +11% | +$232K |
|
1886
Kimbell Royalty Partners
KRP
$1.53B
| $1.96M | ﹤0.01% |
115,600
+14,000
| +14% | +$240K |
|
|
SLCA
1887
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $1.96M | ﹤0.01% |
179,000
+2,700
| +2% | +$34.3K |
|
1888
Stem
STEM
$48.8M
| $1.95M | ﹤0.01% |
7,315
+80
| +1% | +$20.5K |
|
1889
Origin Bancorp
OBK
$1.67B
| $1.95M | ﹤0.01% |
50,682
+400
| +0.8% | +$16.6K |
|
|
AVTA
1890
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.95M | ﹤0.01% |
100,800
-2,300
| -2% | -$46.3K |
|
1891
Center Bancorp
CNOB
$1.81B
| $1.94M | ﹤0.01% |
84,300
| – | – |
|
1892
Peoples Bancorp
PEBO
$1.48B
| $1.94M | ﹤0.01% |
67,200
+600
| +0.9% | +$17.7K |
|
1893
Lightwave Logic
LWLG
$1.12B
| $1.94M | ﹤0.01% |
264,600
+3,300
| +1% | +$30.9K |
|
|
SILV
1894
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $1.94M | ﹤0.01% |
346,900
+2,600
| +0.8% | +$15.4K |
|
1895
Grid Dynamics Holdings
GDYN
$632M
| $1.94M | ﹤0.01% |
103,400
+3,200
| +3% | +$60.6K |
|
1896
TG Therapeutics
TGTX
$7.58B
| $1.93M | ﹤0.01% |
325,400
+5,500
| +2% | +$36.1K |
|
|
ATRI
1897
DELISTED
Atrion Corp
ATRI
| $1.92M | ﹤0.01% |
3,402
| – | – |
|
1898
Beyond Meat
BYND
$214M
| $1.92M | ﹤0.01% |
4,520
+27
| +0.6% | +$22.3K |
|
1899
PROG Holdings
PRG
$1.64B
| $1.92M | ﹤0.01% |
128,200
-1,800
| -1% | -$33.8K |
|
1900
Orion
OEC
$364M
| $1.91M | ﹤0.01% |
143,400
| – | – |
|
Similar funds
Swiss National Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Swiss National Bank held 2,744 positions worth $140B, down 5.4% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 1.2%. Swiss National Bank opened 4 new positions and exited 30, leaving the 2,744-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2022 buy was Northrop Grumman: 639,945 shares worth $301M.
- Swiss National Bank added most to Prologis in Q3 2022, an estimated $97.9M increase.
- Swiss National Bank's biggest Q3 2022 reduction was Apple, cutting an estimated $102M.
- Swiss National Bank fully exited Duke Realty Corp. in Q3 2022, selling an estimated $91.2M.
- Swiss National Bank's ten largest holdings make up 26% of its $140B portfolio in Q3 2022.
- Swiss National Bank opened 4 new positions and closed 30 in Q3 2022.
- Swiss National Bank's portfolio value fell 5.4% quarter-over-quarter to $140B.
Based on Swiss National Bank's 13F filing for Q3 2022, filed 9 Nov 2022.