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 | |
|---|---|---|---|---|---|---|
2001
OneSpan
OSPN
$618M
| $1.13M | ﹤0.01% |
58,700
+1,800
| +3% | +$30.6K |
|
|
MAGN
2002
Magnera Corp
MAGN
$429M
| $1.13M | ﹤0.01% |
6,138
+200
| +3% | +$33.7K |
|
2003
Ecovyst
ECVT
$1.11B
| $1.12M | ﹤0.01% |
74,100
+3,400
| +5% | +$52.1K |
|
|
UBA
2004
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.12M | ﹤0.01% |
54,336
+2,500
| +5% | +$52.1K |
|
|
HSKA
2005
DELISTED
Heska Corp
HSKA
| $1.11M | ﹤0.01% |
13,100
+600
| +5% | +$54.1K |
|
2006
Fossil Group
FOSL
$319M
| $1.11M | ﹤0.01% |
81,141
+2,500
| +3% | +$39.8K |
|
|
APTS
2007
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $1.11M | ﹤0.01% |
74,800
+3,200
| +4% | +$50.4K |
|
|
AD
2008
Array Digital Infrastructure
AD
$3.09B
| $1.1M | ﹤0.01% |
24,000
+800
| +3% | +$41.8K |
|
2009
Coherus Oncology
CHRS
$178M
| $1.1M | ﹤0.01% |
80,600
+2,600
| +3% | +$34.7K |
|
2010
Center Bancorp
CNOB
$1.8B
| $1.1M | ﹤0.01% |
55,800
+1,700
| +3% | +$34.8K |
|
|
GOOD
2011
Gladstone Commercial Corp
GOOD
$641M
| $1.1M | ﹤0.01% |
52,900
+2,200
| +4% | +$44.4K |
|
2012
Origin Bancorp
OBK
$1.67B
| $1.1M | ﹤0.01% |
32,282
+1,000
| +3% | +$34.8K |
|
|
RVNC
2013
DELISTED
Revance Therapeutics, Inc.
RVNC
| $1.09M | ﹤0.01% |
69,450
+17,200
| +33% | +$298K |
|
2014
Cohu
COHU
$2.73B
| $1.09M | ﹤0.01% |
74,150
+2,200
| +3% | +$37.5K |
|
|
LION
2015
DELISTED
Fidelity Southern Corporation
LION
| $1.09M | ﹤0.01% |
39,800
+1,100
| +3% | +$32.8K |
|
2016
Unisys
UIS
$209M
| $1.08M | ﹤0.01% |
93,000
+2,800
| +3% | +$36.1K |
|
2017
John B. Sanfilippo & Son
JBSS
$1.01B
| $1.08M | ﹤0.01% |
15,076
+700
| +5% | +$46.7K |
|
|
NVEE
2018
DELISTED
NV5 Global
NVEE
| $1.08M | ﹤0.01% |
72,800
+2,800
| +4% | +$48.2K |
|
|
IPHS
2019
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.08M | ﹤0.01% |
35,800
+1,800
| +5% | +$54K |
|
2020
CEVA Inc
CEVA
$861M
| $1.08M | ﹤0.01% |
40,000
+1,700
| +4% | +$46.2K |
|
2021
Griffon
GFF
$4.79B
| $1.08M | ﹤0.01% |
58,300
+2,900
| +5% | +$46.6K |
|
|
EGRX
2022
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $1.07M | ﹤0.01% |
21,300
| – | – |
|
2023
St. Joe Company
JOE
$3.91B
| $1.07M | ﹤0.01% |
65,000
| – | – |
|
2024
Great Southern Bancorp
GSBC
$888M
| $1.07M | ﹤0.01% |
20,600
+600
| +3% | +$31.9K |
|
2025
Horizon Bancorp
HBNC
$1.05B
| $1.07M | ﹤0.01% |
66,450
+2,000
| +3% | +$33.5K |
|
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.