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 | |
|---|---|---|---|---|---|---|
376
Ovintiv
OVV
$17.6B
| $46M | 0.05% |
707,280
| – | – |
|
377
Fastenal
FAST
$59.8B
| $45.8M | 0.05% |
3,803,108
+122,400
| +3% | +$1.58M |
|
|
TSS
378
DELISTED
Total System Services, Inc.
TSS
| $45.7M | 0.05% |
541,118
+11,300
| +2% | +$973K |
|
379
Advanced Micro Devices
AMD
$767B
| $45.6M | 0.05% |
3,042,200
+411,100
| +16% | +$5.23M |
|
|
GGP
380
DELISTED
GGP Inc.
GGP
| $45.2M | 0.05% |
2,213,621
+371,900
| +20% | +$7.55M |
|
381
Camden Property Trust
CPT
$11B
| $45M | 0.05% |
493,900
+42,900
| +10% | +$3.74M |
|
382
Lincoln National
LNC
$8.75B
| $44.9M | 0.05% |
721,464
+19,400
| +3% | +$1.33M |
|
383
Mohawk Industries
MHK
$9.19B
| $44.8M | 0.05% |
209,074
+6,300
| +3% | +$1.38M |
|
384
Ulta Beauty
ULTA
$23.6B
| $44.8M | 0.05% |
191,800
+5,900
| +3% | +$1.42M |
|
385
Loews
L
$23.3B
| $44.7M | 0.05% |
925,919
+7,900
| +0.9% | +$397K |
|
386
Take-Two Interactive
TTWO
$47.4B
| $44.7M | 0.05% |
377,300
+11,400
| +3% | +$1.24M |
|
387
Genuine Parts
GPC
$18.5B
| $44.5M | 0.05% |
485,130
+15,900
| +3% | +$1.45M |
|
388
Arista Networks
ANET
$242B
| $44M | 0.05% |
2,734,400
+294,400
| +12% | +$4.81M |
|
389
CarMax
KMX
$8.34B
| $43.6M | 0.05% |
598,100
+12,800
| +2% | +$855K |
|
390
Cheniere Energy
LNG
$54.9B
| $43.6M | 0.05% |
668,300
+22,100
| +3% | +$1.36M |
|
391
TransUnion
TRU
$15.2B
| $43.4M | 0.05% |
606,300
+23,200
| +4% | +$1.55M |
|
392
Diamondback Energy
FANG
$55.7B
| $42.7M | 0.05% |
324,500
+42,200
| +15% | +$5.24M |
|
393
Molson Coors Class B
TAP
$7.93B
| $42.5M | 0.05% |
625,228
+19,000
| +3% | +$1.27M |
|
394
Gen Digital
GEN
$17.5B
| $42.4M | 0.05% |
2,051,076
+62,000
| +3% | +$1.49M |
|
395
Alexandria Real Estate Equities
ARE
$8.32B
| $42.2M | 0.05% |
334,600
+27,500
| +9% | +$3.44M |
|
|
VAR
396
DELISTED
Varian Medical Systems, Inc.
VAR
| $42.2M | 0.05% |
370,848
+10,400
| +3% | +$1.24M |
|
397
lululemon athletica
LULU
$14.5B
| $41.9M | 0.05% |
335,855
+11,300
| +3% | +$1.21M |
|
398
Coca-Cola Europacific Partners
CCEP
$46.9B
| $41.8M | 0.05% |
1,029,003
| – | – |
|
399
Newell Brands
NWL
$2.51B
| $41.8M | 0.05% |
1,621,353
+54,700
| +3% | +$1.42M |
|
400
NetEase
NTES
$85.4B
| $41.8M | 0.05% |
827,370
-15,505
| -2% | -$792K |
|
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.