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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2576
Skywest
SKYW
$4.16B
| $492K | ﹤0.01% |
29,800
| – | – |
|
2577
El Pollo Loco
LOCO
$463M
| $490K | ﹤0.01% |
49,150
+1,600
| +3% | +$16.7K |
|
2578
Hagerty
HGTY
$1.3B
| $489K | ﹤0.01% |
58,200
| – | – |
|
2579
C4 Therapeutics
CCCC
$480M
| $487K | ﹤0.01% |
82,600
+2,200
| +3% | +$18.2K |
|
2580
ALX Oncology
ALXO
$278M
| $485K | ﹤0.01% |
43,000
| – | – |
|
|
BASE
2581
DELISTED
Couchbase
BASE
| $484K | ﹤0.01% |
36,500
| – | – |
|
2582
Amneal Pharmaceuticals
AMRX
$6.15B
| $473K | ﹤0.01% |
237,600
+8,000
| +3% | +$17.9K |
|
|
HLVX
2583
DELISTED
HilleVax
HLVX
| $472K | ﹤0.01% |
+28,200
| New | +$509K |
|
2584
Rimini Street
RMNI
$445M
| $468K | ﹤0.01% |
122,900
| – | – |
|
2585
Cardlytics
CDLX
$24.7M
| $468K | ﹤0.01% |
8,090
| – | – |
|
2586
Phathom Pharmaceuticals
PHAT
$742M
| $466K | ﹤0.01% |
41,500
| – | – |
|
2587
Vita Coco
COCO
$3.85B
| $464K | ﹤0.01% |
+33,600
| New | +$393K |
|
|
NXDR
2588
Nextdoor Holdings
NXDR
$986M
| $458K | ﹤0.01% |
222,400
+84,200
| +61% | +$197K |
|
2589
Ramaco Resources Class A
METC
$692M
| $458K | ﹤0.01% |
53,850
| – | – |
|
2590
1-800-Flowers.com
FLWS
$262M
| $458K | ﹤0.01% |
47,900
| – | – |
|
|
RIDE
2591
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $453K | ﹤0.01% |
26,513
+1,633
| +7% | +$37.9K |
|
2592
Bristow Group
VTOL
$1.36B
| $453K | ﹤0.01% |
16,700
| – | – |
|
|
NEWP
2593
New Pacific Metals
NEWP
$1.22B
| $451K | ﹤0.01% |
203,660
| – | – |
|
2594
Microvast
MVST
$354M
| $447K | ﹤0.01% |
292,200
+9,100
| +3% | +$18.5K |
|
2595
Clarus
CLAR
$141M
| $446K | ﹤0.01% |
56,900
| – | – |
|
|
NGMS
2596
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
| $445K | ﹤0.01% |
+36,530
| New | +$550K |
|
2597
Vivid Seats
SEAT
$81.6M
| $434K | ﹤0.01% |
2,970
+150
| +5% | +$23.3K |
|
|
TUP
2598
DELISTED
Tupperware Brands Corporation
TUP
| $428K | ﹤0.01% |
103,300
| – | – |
|
2599
Nkarta
NKTX
$171M
| $422K | ﹤0.01% |
+70,500
| New | +$711K |
|
2600
NuScale Power
SMR
$3.94B
| $421K | ﹤0.01% |
+41,000
| New | +$454K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.