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 |
Alibaba
BABA
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.6% |
| 2 | Healthcare | 15.16% |
| 3 | Consumer Discretionary | 12.49% |
| 4 | Communication Services | 10.41% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2151
Accel Entertainment
ACEL
$1.01B
| $924K | ﹤0.01% |
+96,000
| New | +$877K |
|
|
MOBL
2152
DELISTED
MobileIron, Inc.
MOBL
| $924K | ﹤0.01% |
187,500
+57,100
| +44% | +$262K |
|
2153
DMC Global
BOOM
$153M
| $922K | ﹤0.01% |
33,400
+5,000
| +18% | +$138K |
|
2154
Skywest
SKYW
$4.21B
| $920K | ﹤0.01% |
28,200
+3,900
| +16% | +$115K |
|
2155
Designer Brands
DBI
$312M
| $919K | ﹤0.01% |
135,700
+16,900
| +14% | +$102K |
|
|
ARCH
2156
DELISTED
Arch Resources, Inc.
ARCH
| $918K | ﹤0.01% |
32,300
+4,600
| +17% | +$143K |
|
2157
Bank First Corp
BFC
$1.76B
| $917K | ﹤0.01% |
+14,300
| New | +$820K |
|
|
NPTN
2158
DELISTED
NEOPHOTONICS CORP
NPTN
| $916K | ﹤0.01% |
+103,200
| New | +$890K |
|
|
DCOM
2159
DELISTED
Dime Community Bancshares
DCOM
| $916K | ﹤0.01% |
66,700
+8,200
| +14% | +$119K |
|
2160
BJ's Restaurants
BJRI
$1.42B
| $915K | ﹤0.01% |
43,700
+6,500
| +17% | +$129K |
|
2161
Bank of Marin Bancorp
BMRC
$462M
| $910K | ﹤0.01% |
27,300
+3,800
| +16% | +$120K |
|
|
SRG
2162
Seritage Growth Properties
SRG
$128M
| $910K | ﹤0.01% |
79,838
+12,000
| +18% | +$121K |
|
2163
International Seaways
INSW
$4.71B
| $907K | ﹤0.01% |
55,500
+16,200
| +41% | +$352K |
|
2164
Luxfer Holdings
LXFR
$457M
| $906K | ﹤0.01% |
64,000
+10,800
| +20% | +$149K |
|
2165
Conduent
CNDT
$252M
| $904K | ﹤0.01% |
378,354
+29,900
| +9% | +$69.5K |
|
|
GPMT
2166
Granite Point Mortgage Trust
GPMT
$58.8M
| $899K | ﹤0.01% |
125,277
+18,900
| +18% | +$103K |
|
2167
Barrett Business Services
BBSI
$800M
| $898K | ﹤0.01% |
67,600
+9,600
| +17% | +$111K |
|
|
USCR
2168
DELISTED
U S Concrete, Inc.
USCR
| $898K | ﹤0.01% |
36,200
+5,400
| +18% | +$108K |
|
|
FFG
2169
DELISTED
FBL Financial Group
FFG
| $897K | ﹤0.01% |
25,000
+3,500
| +16% | +$129K |
|
2170
EverQuote
EVER
$864M
| $896K | ﹤0.01% |
15,400
+200
| +1% | +$9.4K |
|
|
BLU
2171
DELISTED
BELLUS Health Inc.
BLU
| $896K | ﹤0.01% |
+87,200
| New | +$884K |
|
2172
REX American Resources
REX
$1.44B
| $895K | ﹤0.01% |
77,400
+11,400
| +17% | +$113K |
|
2173
Ardelyx
ARDX
$1.01B
| $893K | ﹤0.01% |
+129,000
| New | +$897K |
|
|
TEN
2174
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $888K | ﹤0.01% |
117,400
+17,700
| +18% | +$103K |
|
2175
Live Oak Bancshares
LOB
$2.01B
| $887K | ﹤0.01% |
61,100
+11,600
| +23% | +$157K |
|
Similar funds
Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.