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 |
Apple
AAPL
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.22% |
| 2 | Healthcare | 14.23% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.53% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Capital City Bank Group
CCBG
$896M
| $841K | ﹤0.01% |
31,900
+2,200
| +7% | +$60.2K |
|
|
MAXN
2477
DELISTED
Maxeon Solar Technologies
MAXN
| $840K | ﹤0.01% |
580
+311
| +116% | +$358K |
|
|
ME
2478
DELISTED
23andMe Holding Co
ME
| $840K | ﹤0.01% |
10,970
+4,315
| +65% | +$394K |
|
|
RDUS
2479
DELISTED
Radius Health, Inc.
RDUS
| $840K | ﹤0.01% |
95,100
+7,200
| +8% | +$54.6K |
|
2480
FRP Holdings
FRPH
$425M
| $838K | ﹤0.01% |
29,000
+2,000
| +7% | +$56.9K |
|
2481
1-800-Flowers.com
FLWS
$262M
| $836K | ﹤0.01% |
65,500
+4,800
| +8% | +$82.5K |
|
2482
Purple Innovation
PRPL
$28.4M
| $828K | ﹤0.01% |
5,660
+400
| +8% | +$78.8K |
|
|
VLTA
2483
DELISTED
Volta Inc.
VLTA
| $824K | ﹤0.01% |
270,100
+19,500
| +8% | +$93.7K |
|
|
PRVB
2484
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $823K | ﹤0.01% |
112,400
+7,600
| +7% | +$45.5K |
|
|
AUD
2485
DELISTED
Audacy, Inc.
AUD
| $816K | ﹤0.01% |
282,300
+10,400
| +4% | +$27.5K |
|
2486
MiMedx Group
MDXG
$624M
| $812K | ﹤0.01% |
172,400
+13,000
| +8% | +$63.6K |
|
2487
Perella Weinberg Partners
PWP
$1.28B
| $810K | ﹤0.01% |
85,700
+7,200
| +9% | +$76.8K |
|
|
TRUE
2488
DELISTED
TrueCar
TRUE
| $807K | ﹤0.01% |
204,200
+14,600
| +8% | +$51.6K |
|
|
BLUE
2489
DELISTED
bluebird bio
BLUE
| $804K | ﹤0.01% |
8,290
+835
| +11% | +$110K |
|
|
CMRX
2490
DELISTED
Chimerix, Inc.
CMRX
| $800K | ﹤0.01% |
174,600
+14,100
| +9% | +$78.6K |
|
|
BNFT
2491
DELISTED
Benefitfocus, Inc.
BNFT
| $799K | ﹤0.01% |
63,300
+6,000
| +10% | +$64K |
|
2492
GeneDx Holdings
WGS
$2.46B
| $788K | ﹤0.01% |
7,779
+573
| +8% | +$63.7K |
|
|
RKLY
2493
DELISTED
Rockley Photonics Holdings Limited
RKLY
| $787K | ﹤0.01% |
195,300
+14,100
| +8% | +$56K |
|
2494
FuboTV Inc
FUBO
$293M
| $786K | ﹤0.01% |
9,967
+875
| +10% | +$102K |
|
2495
Blue Bird Corp
BLBD
$2.04B
| $783K | ﹤0.01% |
41,611
+3,100
| +8% | +$56.5K |
|
2496
Geron
GERN
$1.01B
| $777K | ﹤0.01% |
571,000
+44,400
| +8% | +$49.5K |
|
2497
McEwen Inc
MUX
$1.18B
| $777K | ﹤0.01% |
92,293
+6,240
| +7% | +$53.8K |
|
|
MMAT
2498
DELISTED
Meta Materials Inc. Common Stock
MMAT
| $777K | ﹤0.01% |
4,655
+346
| +8% | +$64.4K |
|
2499
Zymeworks
ZYME
$1.77B
| $776K | ﹤0.01% |
118,500
+37,100
| +46% | +$331K |
|
|
LYLT
2500
DELISTED
Loyalty Ventures Inc. Common Stock
LYLT
| $769K | ﹤0.01% |
46,529
+3,300
| +8% | +$81.9K |
|
Similar funds
Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.