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 | |
|---|---|---|---|---|---|---|
2301
Sterling Infrastructure
STRL
$17B
| $663K | ﹤0.01% |
63,300
+10,300
| +19% | +$95.1K |
|
|
TBRG
2302
DELISTED
TruBridge
TBRG
| $656K | ﹤0.01% |
28,800
+2,400
| +9% | +$53.6K |
|
|
CLDT
2303
Chatham Lodging
CLDT
$600M
| $655K | ﹤0.01% |
107,100
+16,100
| +18% | +$108K |
|
2304
Energy Recovery
ERII
$398M
| $654K | ﹤0.01% |
86,100
+23,000
| +36% | +$182K |
|
|
FFIC
2305
DELISTED
Flushing Financial
FFIC
| $651K | ﹤0.01% |
56,523
+4,600
| +9% | +$52.6K |
|
|
ACRE
2306
Ares Commercial Real Estate
ACRE
$263M
| $650K | ﹤0.01% |
71,300
+10,700
| +18% | +$83.4K |
|
2307
Ethan Allen Interiors
ETD
$584M
| $649K | ﹤0.01% |
54,900
+6,600
| +14% | +$73.3K |
|
2308
International Money Express
IMXI
$352M
| $649K | ﹤0.01% |
52,100
+8,500
| +19% | +$86.4K |
|
2309
Arcutis Biotherapeutics
ARQT
$3.27B
| $644K | ﹤0.01% |
+21,300
| New | +$616K |
|
|
HAPN
2310
Happen Inc
HAPN
$2.28B
| $641K | ﹤0.01% |
140,860
+21,200
| +18% | +$132K |
|
2311
Napco Security Technologies
NSSC
$1.38B
| $641K | ﹤0.01% |
54,800
+8,800
| +19% | +$92.2K |
|
2312
Caesarstone
CSTE
$108M
| $638K | ﹤0.01% |
53,800
+14,300
| +36% | +$150K |
|
2313
FRP Holdings
FRPH
$426M
| $637K | ﹤0.01% |
31,400
+5,000
| +19% | +$104K |
|
2314
Paysign
PAYS
$733M
| $637K | ﹤0.01% |
65,600
+11,000
| +20% | +$81.1K |
|
|
AAWW
2315
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $637K | ﹤0.01% |
14,800
+2,400
| +19% | +$84.2K |
|
2316
Crinetics Pharmaceuticals
CRNX
$8.96B
| $634K | ﹤0.01% |
36,200
+17,400
| +93% | +$297K |
|
|
OLP
2317
One Liberty Properties
OLP
$534M
| $633K | ﹤0.01% |
35,951
+7,351
| +26% | +$116K |
|
2318
El Pollo Loco
LOCO
$465M
| $632K | ﹤0.01% |
42,850
+2,300
| +6% | +$29.5K |
|
|
MTEM
2319
DELISTED
Molecular Templates, Inc.
MTEM
| $632K | ﹤0.01% |
+3,053
| New | +$709K |
|
2320
Financial Institutions
FISI
$823M
| $629K | ﹤0.01% |
33,800
+4,300
| +15% | +$75K |
|
2321
Victory Capital Holdings
VCTR
$7.2B
| $629K | ﹤0.01% |
36,600
+8,100
| +28% | +$127K |
|
2322
Haverty Furniture Companies
HVT
$446M
| $627K | ﹤0.01% |
39,200
+6,400
| +20% | +$93.4K |
|
2323
The RealReal
REAL
$1.36B
| $627K | ﹤0.01% |
49,000
+7,400
| +18% | +$88.1K |
|
2324
Marcus Corp
MCS
$919M
| $626K | ﹤0.01% |
47,200
+7,100
| +18% | +$95.2K |
|
|
WTRE
2325
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $626K | ﹤0.01% |
37,500
+100
| +0.3% | +$1.43K |
|
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.