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 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISCK
476
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $33.4M | 0.04% |
1,173,457
+153,200
| +15% | +$4.16M |
|
477
Vail Resorts
MTN
$5.21B
| $33M | 0.04% |
148,000
-20,200
| -12% | -$4.49M |
|
478
PTC
PTC
$16.4B
| $32.9M | 0.04% |
366,900
-8,700
| -2% | -$780K |
|
479
TAL Education Group
TAL
$6.93B
| $32.8M | 0.04% |
861,583
-18,776
| -2% | -$679K |
|
480
AerCap
AER
$23.5B
| $32.8M | 0.04% |
630,633
+43,200
| +7% | +$2.12M |
|
481
NNN REIT
NNN
$8.8B
| $32.8M | 0.04% |
618,700
-6,600
| -1% | -$352K |
|
482
Lennox International
LII
$14.6B
| $32.2M | 0.03% |
117,200
-3,900
| -3% | -$1.06M |
|
483
NRG Energy
NRG
$25B
| $32.2M | 0.03% |
916,000
-51,800
| -5% | -$1.95M |
|
484
Aramark
ARMK
$14.6B
| $32M | 0.03% |
1,227,941
-648,180
| -35% | -$15.2M |
|
485
Viatris
VTRS
$18.7B
| $32M | 0.03% |
1,678,342
-42,400
| -2% | -$938K |
|
486
Reinsurance Group of America
RGA
$15.8B
| $32M | 0.03% |
204,800
-4,900
| -2% | -$733K |
|
487
Live Nation Entertainment
LYV
$43B
| $31.9M | 0.03% |
481,100
-7,600
| -2% | -$488K |
|
488
Avery Dennison
AVY
$13.5B
| $31.8M | 0.03% |
274,756
-14,600
| -5% | -$1.6M |
|
489
Snap
SNAP
$9.05B
| $31.7M | 0.03% |
+2,213,900
| New | +$27.1M |
|
490
Old Dominion Freight Line
ODFL
$44.1B
| $31.6M | 0.03% |
634,800
+21,300
| +3% | +$1.04M |
|
491
Delta Air Lines
DAL
$58.7B
| $31.4M | 0.03% |
554,007
-18,600
| -3% | -$1.04M |
|
492
Bunge Global
BG
$21.6B
| $31.2M | 0.03% |
559,235
-13,900
| -2% | -$741K |
|
|
ZAYO
493
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $31.1M | 0.03% |
946,300
+87,000
| +10% | +$2.78M |
|
494
Dell
DELL
$296B
| $30.9M | 0.03% |
1,200,620
-31,371
| -3% | -$979K |
|
495
Globe Life
GL
$14.2B
| $30.9M | 0.03% |
344,928
-8,800
| -2% | -$768K |
|
|
CGC
496
Canopy Growth
CGC
$402M
| $30.7M | 0.03% |
75,940
+3,750
| +5% | +$1.65M |
|
497
EPAM Systems
EPAM
$5.02B
| $30.6M | 0.03% |
176,700
+83,238
| +89% | +$14.3M |
|
498
Huntington Ingalls Industries
HII
$13B
| $30.6M | 0.03% |
136,000
-7,300
| -5% | -$1.56M |
|
|
WRK
499
DELISTED
WestRock Company
WRK
| $30.3M | 0.03% |
832,104
-13,900
| -2% | -$511K |
|
500
SiriusXM
SIRI
$9.7B
| $30.3M | 0.03% |
543,105
-13,970
| -3% | -$795K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.