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 |
AT&T
T
|
+$161M |
| 2 |
Amazon
AMZN
|
+$73.7M |
| 3 |
Evergy
EVRG
|
+$72.4M |
| 4 |
Microsoft
MSFT
|
+$65.3M |
| 5 |
Apple
AAPL
|
+$55.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$257M |
| 2 |
MON
Monsanto Co
MON
|
+$208M |
| 3 |
WR
Westar Energy Inc
WR
|
+$47.7M |
| 4 |
Travel + Leisure Co
TNL
|
+$26.9M |
| 5 |
Intuitive Surgical
ISRG
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.21% |
| 2 | Healthcare | 14.51% |
| 3 | Consumer Discretionary | 11.78% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 9.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Equifax
EFX
$21.3B
| $49.7M | 0.06% |
397,245
+12,600
| +3% | +$1.49M |
|
352
Extra Space Storage
EXR
$31B
| $49.6M | 0.06% |
496,800
+30,000
| +6% | +$2.79M |
|
353
Lennar Class A
LEN
$20.6B
| $49.6M | 0.06% |
975,553
+32,540
| +3% | +$1.7M |
|
354
CoStar Group
CSGP
$12.8B
| $49.4M | 0.06% |
1,197,000
+38,000
| +3% | +$1.46M |
|
355
ResMed
RMD
$31.9B
| $48.9M | 0.06% |
472,000
+17,600
| +4% | +$1.78M |
|
356
Mettler-Toledo International
MTD
$28.6B
| $48.8M | 0.06% |
84,300
+2,300
| +3% | +$1.31M |
|
357
Fortis
FTS
$28.3B
| $48.7M | 0.06% |
1,529,782
+8,400
| +0.6% | +$274K |
|
|
TIF
358
DELISTED
Tiffany & Co.
TIF
| $48.6M | 0.06% |
369,548
-28,400
| -7% | -$3.24M |
|
359
W.W. Grainger
GWW
$61.1B
| $48.6M | 0.06% |
157,574
-16,100
| -9% | -$4.81M |
|
360
Liberty Global Class C
LBTYK
$3.41B
| $48.4M | 0.06% |
1,819,156
+26,000
| +1% | +$759K |
|
361
D.R. Horton
DHI
$41B
| $48.3M | 0.06% |
1,178,674
+35,600
| +3% | +$1.54M |
|
362
EQT Corp
EQT
$33.8B
| $48.2M | 0.06% |
1,605,345
+121,242
| +8% | +$3.38M |
|
|
WRK
363
DELISTED
WestRock Company
WRK
| $48M | 0.05% |
842,304
+25,400
| +3% | +$1.56M |
|
364
Teck Resources
TECK
$32.8B
| $47.4M | 0.05% |
1,865,579
-205,700
| -10% | -$5.51M |
|
365
Eastman Chemical
EMN
$8.39B
| $47.3M | 0.05% |
472,838
+10,400
| +2% | +$1.1M |
|
|
CTXS
366
DELISTED
Citrix Systems Inc
CTXS
| $47.2M | 0.05% |
449,916
-33,900
| -7% | -$3.49M |
|
367
TechnipFMC
FTI
$29.1B
| $46.6M | 0.05% |
1,973,669
+66,662
| +3% | +$1.59M |
|
368
Martin Marietta Materials
MLM
$33B
| $46.4M | 0.05% |
207,950
+7,000
| +3% | +$1.49M |
|
369
Cencora
COR
$62B
| $46.4M | 0.05% |
544,116
+19,300
| +4% | +$1.7M |
|
370
Campbell Soup
CPB
$6.69B
| $46.3M | 0.05% |
1,141,953
+19,600
| +2% | +$763K |
|
|
SPLK
371
DELISTED
Splunk Inc
SPLK
| $46.3M | 0.05% |
467,000
+17,900
| +4% | +$1.95M |
|
372
Shopify
SHOP
$200B
| $46.2M | 0.05% |
3,179,000
-4,000
| -0.1% | -$56.6K |
|
373
Baker Hughes
BKR
$63.6B
| $46.1M | 0.05% |
1,396,528
+96,600
| +7% | +$3.28M |
|
|
VMW
374
DELISTED
VMware, Inc
VMW
| $46.1M | 0.05% |
313,661
-60,400
| -16% | -$8.33M |
|
375
Vail Resorts
MTN
$5.21B
| $46.1M | 0.05% |
168,000
+4,300
| +3% | +$1.05M |
|
Similar funds
Swiss National Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Swiss National Bank held 2,583 positions worth $87.5B, up 6.6% from $82B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2018 filing shows 99 new, 998 increased, 212 reduced and 57 closed positions. Its largest new stake was Evergy: 1,352,626 shares worth $76M. The largest sale was Time Warner Inc, an estimated $257M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2018 buy was Evergy: 1,352,626 shares worth $76M.
- Swiss National Bank added most to AT&T in Q2 2018, an estimated $161M increase.
- Swiss National Bank's biggest Q2 2018 reduction was Travel + Leisure Co, cutting an estimated $26.9M.
- Swiss National Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $257M.
- Swiss National Bank's ten largest holdings make up 18% of its $87.5B portfolio in Q2 2018.
- Swiss National Bank opened 99 new positions and closed 57 in Q2 2018.
- Swiss National Bank's portfolio value rose 6.6% quarter-over-quarter to $87.5B.
Based on Swiss National Bank's 13F filing for Q2 2018, filed 9 Aug 2018.