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 | |
|---|---|---|---|---|---|---|
|
SPTN
1926
DELISTED
SpartanNash
SPTN
| $1.33M | ﹤0.01% |
81,180
| – | – |
|
|
OSG
1927
Octave Specialty Group
OSG
$212M
| $1.33M | ﹤0.01% |
103,800
+2,000
| +2% | +$25.8K |
|
1928
3D Systems Corp
DDD
$601M
| $1.32M | ﹤0.01% |
269,450
+4,900
| +2% | +$29K |
|
1929
InMode
INMD
$875M
| $1.32M | ﹤0.01% |
73,000
+7,000
| +11% | +$115K |
|
1930
PBF Energy
PBF
$8.81B
| $1.32M | ﹤0.01% |
231,200
+3,900
| +2% | +$32.3K |
|
1931
Kelly Services Class A
KELYA
$566M
| $1.31M | ﹤0.01% |
77,100
+1,500
| +2% | +$25.1K |
|
1932
Unitil
UTL
$992M
| $1.31M | ﹤0.01% |
33,900
+500
| +1% | +$21K |
|
|
XRN
1933
Chiron Real Estate Inc
XRN
$484M
| $1.31M | ﹤0.01% |
19,380
+780
| +4% | +$48.9K |
|
1934
Veeco
VECO
$3.28B
| $1.31M | ﹤0.01% |
112,021
+2,600
| +2% | +$33.2K |
|
|
PFC
1935
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.31M | ﹤0.01% |
83,915
| – | – |
|
|
NTUS
1936
DELISTED
Natus Medical Inc
NTUS
| $1.3M | ﹤0.01% |
76,100
| – | – |
|
1937
Columbia Financial
CLBK
$1.22B
| $1.3M | ﹤0.01% |
117,388
+3,100
| +3% | +$36.7K |
|
|
GOOD
1938
Gladstone Commercial Corp
GOOD
$641M
| $1.3M | ﹤0.01% |
76,900
+1,200
| +2% | +$21.9K |
|
1939
Kearny Financial
KRNY
$604M
| $1.29M | ﹤0.01% |
179,364
| – | – |
|
|
KRA
1940
DELISTED
Kraton Corporation
KRA
| $1.29M | ﹤0.01% |
72,200
+1,400
| +2% | +$22.6K |
|
1941
Orthofix Medical
OFIX
$415M
| $1.29M | ﹤0.01% |
41,300
+600
| +1% | +$18.6K |
|
1942
G-III Apparel Group
GIII
$1.43B
| $1.28M | ﹤0.01% |
98,000
+2,000
| +2% | +$24K |
|
1943
Monarch Casino & Resort
MCRI
$2.2B
| $1.28M | ﹤0.01% |
28,811
+600
| +2% | +$24.5K |
|
|
TVRD
1944
Tvardi Therapeutics
TVRD
$22.1M
| $1.28M | ﹤0.01% |
2,800
+50
| +2% | +$29K |
|
1945
Zumiez
ZUMZ
$319M
| $1.28M | ﹤0.01% |
46,000
| – | – |
|
|
QUOT
1946
DELISTED
Quotient Technology Inc
QUOT
| $1.28M | ﹤0.01% |
173,300
+4,500
| +3% | +$36.5K |
|
1947
NexGen Energy
NXE
$6.97B
| $1.28M | ﹤0.01% |
739,600
+19,200
| +3% | +$32.6K |
|
1948
Tanger
SKT
$4.42B
| $1.28M | ﹤0.01% |
211,800
+4,500
| +2% | +$28.2K |
|
|
SPPI
1949
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.28M | ﹤0.01% |
313,100
+60,200
| +24% | +$229K |
|
|
LAC
1950
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $1.28M | ﹤0.01% |
112,700
| – | – |
|
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.