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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.43% |
| 2 | Healthcare | 15.87% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.96% |
| 5 | Industrials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TE
2201
T1 Energy
TE
$1.41B
| $1.31M | ﹤0.01% |
192,000
-28,300
| -13% | -$248K |
|
|
HNGR
2202
DELISTED
Hanger Inc.
HNGR
| $1.31M | ﹤0.01% |
91,500
| – | – |
|
2203
Gevo
GEVO
$401M
| $1.31M | ﹤0.01% |
556,100
+78,800
| +17% | +$288K |
|
2204
WisdomTree
WT
$3.44B
| $1.3M | ﹤0.01% |
257,300
| – | – |
|
2205
Forrester Research
FORR
$224M
| $1.3M | ﹤0.01% |
27,250
| – | – |
|
2206
i3 Verticals
IIIV
$325M
| $1.3M | ﹤0.01% |
52,100
| – | – |
|
|
DENN
2207
DELISTED
Denny's
DENN
| $1.3M | ﹤0.01% |
149,900
| – | – |
|
|
NSTG
2208
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.3M | ﹤0.01% |
102,200
-5,700
| -5% | -$106K |
|
2209
Barrett Business Services
BBSI
$800M
| $1.3M | ﹤0.01% |
71,200
| – | – |
|
|
ESTE
2210
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $1.3M | ﹤0.01% |
+95,000
| New | +$1.49M |
|
2211
HealthStream
HSTM
$849M
| $1.3M | ﹤0.01% |
59,700
| – | – |
|
|
DHIL
2212
DELISTED
Diamond Hill
DHIL
| $1.29M | ﹤0.01% |
7,454
+400
| +6% | +$70.9K |
|
2213
8x8 Inc
EGHT
$303M
| $1.29M | ﹤0.01% |
250,800
-5,100
| -2% | -$42.7K |
|
2214
Sprinklr
CXM
$1.65B
| $1.29M | ﹤0.01% |
127,400
-105,000
| -45% | -$1.27M |
|
2215
Sana Biotechnology
SANA
$1.1B
| $1.29M | ﹤0.01% |
200,200
+110,900
| +124% | +$707K |
|
2216
NETGEAR
NTGR
$647M
| $1.28M | ﹤0.01% |
69,200
| – | – |
|
|
LGF.A
2217
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.28M | ﹤0.01% |
137,750
| – | – |
|
|
BLU
2218
DELISTED
BELLUS Health Inc.
BLU
| $1.28M | ﹤0.01% |
+139,400
| New | +$1.14M |
|
|
EXK
2219
Endeavour Silver
EXK
$3.05B
| $1.27M | ﹤0.01% |
405,800
| – | – |
|
|
CUTR
2220
DELISTED
Cutera, Inc.
CUTR
| $1.27M | ﹤0.01% |
33,900
-2,200
| -6% | -$116K |
|
2221
Alector
ALEC
$228M
| $1.27M | ﹤0.01% |
124,900
| – | – |
|
2222
Byline Bancorp
BY
$1.78B
| $1.27M | ﹤0.01% |
53,300
-4,700
| -8% | -$114K |
|
2223
Energy Vault
NRGV
$669M
| $1.26M | ﹤0.01% |
+126,000
| New | +$1.64M |
|
2224
First Financial Corp
THFF
$975M
| $1.26M | ﹤0.01% |
28,326
+2,400
| +9% | +$105K |
|
|
ATSG
2225
DELISTED
Air Transport Services Group
ATSG
| $1.26M | ﹤0.01% |
43,850
| – | – |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.