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 |
Berkshire Hathaway Class B
BRK.B
|
+$1.53B |
| 2 |
American Express
AXP
|
+$368M |
| 3 |
Capital One
COF
|
+$138M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$98.1M |
| 5 |
Apollo Global Management
APO
|
+$96.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.04B |
| 2 |
Microsoft
MSFT
|
+$804M |
| 3 |
Amazon
AMZN
|
+$353M |
| 4 |
NVIDIA
NVDA
|
+$280M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$271M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.24% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NUVL
1926
DELISTED
Nuvalent
NUVL
| $1.88M | ﹤0.01% |
44,700
-4,800
| -10% | -$181K |
|
1927
Kimbell Royalty Partners
KRP
$1.52B
| $1.87M | ﹤0.01% |
127,200
+11,100
| +10% | +$171K |
|
|
SILV
1928
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $1.87M | ﹤0.01% |
319,000
| – | – |
|
|
SPWR
1929
DELISTED
SunPower Corporation Common Stock
SPWR
| $1.87M | ﹤0.01% |
190,400
+2,400
| +1% | +$28K |
|
1930
Origin Bancorp
OBK
$1.69B
| $1.87M | ﹤0.01% |
63,682
+800
| +1% | +$23.9K |
|
|
NXGN
1931
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.87M | ﹤0.01% |
115,000
-9,100
| -7% | -$151K |
|
1932
National Healthcare
NHC
$3.44B
| $1.86M | ﹤0.01% |
30,130
-1,300
| -4% | -$77.1K |
|
1933
Replimune Group
REPL
$1.42B
| $1.86M | ﹤0.01% |
80,200
+2,900
| +4% | +$56.7K |
|
1934
Metallus
MTUS
$892M
| $1.86M | ﹤0.01% |
86,000
+4,400
| +5% | +$79.7K |
|
1935
Fiverr
FVRR
$324M
| $1.85M | ﹤0.01% |
71,105
+2,500
| +4% | +$75.3K |
|
1936
BlueLinx
BXC
$705M
| $1.85M | ﹤0.01% |
19,700
+200
| +1% | +$16K |
|
|
MRC
1937
DELISTED
MRC Global
MRC
| $1.85M | ﹤0.01% |
183,449
+2,900
| +2% | +$27.4K |
|
1938
TechTarget
TTGT
$277M
| $1.85M | ﹤0.01% |
59,300
-900
| -1% | -$30.6K |
|
|
FORG
1939
DELISTED
ForgeRock, Inc.
FORG
| $1.84M | ﹤0.01% |
89,700
+7,300
| +9% | +$146K |
|
|
ETWO
1940
DELISTED
E2open Parent Holdings
ETWO
| $1.84M | ﹤0.01% |
329,000
-62,400
| -16% | -$335K |
|
|
SA
1941
Seabridge Gold
SA
$3.46B
| $1.84M | ﹤0.01% |
152,400
+12,300
| +9% | +$167K |
|
1942
Warby Parker
WRBY
$3.2B
| $1.84M | ﹤0.01% |
157,200
+12,200
| +8% | +$139K |
|
1943
Stem
STEM
$55.9M
| $1.83M | ﹤0.01% |
15,985
+9,315
| +140% | +$925K |
|
1944
Mercury Insurance
MCY
$5.81B
| $1.83M | ﹤0.01% |
60,300
+500
| +0.8% | +$15.3K |
|
1945
Nabors Industries
NBR
$1.35B
| $1.82M | ﹤0.01% |
19,600
+300
| +2% | +$30.5K |
|
1946
CryoPort
CYRX
$766M
| $1.82M | ﹤0.01% |
105,700
| – | – |
|
1947
Vertex
VERX
$2.15B
| $1.81M | ﹤0.01% |
92,800
-12,300
| -12% | -$259K |
|
1948
Mativ Holdings
MATV
$667M
| $1.81M | ﹤0.01% |
119,612
+1,000
| +0.8% | +$17.7K |
|
|
BRSP
1949
BrightSpire Capital
BRSP
$629M
| $1.81M | ﹤0.01% |
268,700
+4,300
| +2% | +$25.5K |
|
1950
Dorian LPG
LPG
$1.95B
| $1.8M | ﹤0.01% |
70,285
+900
| +1% | +$20.4K |
|
Similar funds
Swiss National Bank's Q2 2023 Portfolio in Review
As of Q2 2023, Swiss National Bank held 2,706 positions worth $147B, up 0.92% from $146B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $9.97B in Q2 2023, closing 106 positions and reducing 972 holdings. Its most notable exit was Shaw Communications Inc., an estimated $57.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Berkshire Hathaway Class B worth $1.6B.
- Swiss National Bank's largest Q2 2023 buy was Berkshire Hathaway Class B: 4,684,505 shares worth $1.6B.
- Swiss National Bank added most to Uber in Q2 2023, an estimated $22.7M increase.
- Swiss National Bank's biggest Q2 2023 reduction was Apple, cutting an estimated $1.04B.
- Swiss National Bank fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $57.3M.
- Swiss National Bank's ten largest holdings make up 28% of its $147B portfolio in Q2 2023.
- Swiss National Bank opened 63 new positions and closed 106 in Q2 2023.
- Swiss National Bank's portfolio value rose 0.92% quarter-over-quarter to $147B.
Based on Swiss National Bank's 13F filing for Q2 2023, filed 9 Aug 2023.