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 |
Alibaba
BABA
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.6% |
| 2 | Healthcare | 15.16% |
| 3 | Consumer Discretionary | 12.49% |
| 4 | Communication Services | 10.41% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WRK
526
DELISTED
WestRock Company
WRK
| $28.9M | 0.02% |
1,021,652
+20,600
| +2% | +$585K |
|
527
BorgWarner
BWA
$14.1B
| $28.8M | 0.02% |
927,342
+16,927
| +2% | +$446K |
|
528
Algonquin Power & Utilities
AQN
$4.47B
| $28.7M | 0.02% |
2,236,500
+198,700
| +10% | +$2.72M |
|
529
Avantor
AVTR
$9.29B
| $28.6M | 0.02% |
+1,682,900
| New | +$27.4M |
|
530
Wynn Resorts
WYNN
$10.8B
| $28.5M | 0.02% |
382,075
+7,200
| +2% | +$577K |
|
531
Snap-on
SNA
$21.1B
| $28.5M | 0.02% |
205,452
-7,500
| -4% | -$953K |
|
532
Lincoln National
LNC
$8.41B
| $28.4M | 0.02% |
772,605
+2,800
| +0.4% | +$98.6K |
|
533
XPO
XPO
$24.5B
| $28.2M | 0.02% |
1,055,697
+19,661
| +2% | +$471K |
|
534
Huntington Ingalls Industries
HII
$12.9B
| $28.2M | 0.02% |
161,464
+2,800
| +2% | +$520K |
|
535
Etsy
ETSY
$7.25B
| $28.1M | 0.02% |
264,700
+34,900
| +15% | +$2.58M |
|
536
Live Nation Entertainment
LYV
$43.1B
| $28.1M | 0.02% |
633,962
+53,400
| +9% | +$2.34M |
|
|
FLIR
537
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $27.9M | 0.02% |
687,009
+7,300
| +1% | +$303K |
|
538
DaVita
DVA
$11.4B
| $27.5M | 0.02% |
347,807
-4,500
| -1% | -$351K |
|
539
NNN REIT
NNN
$8.79B
| $27.5M | 0.02% |
775,541
+7,800
| +1% | +$255K |
|
|
VER
540
DELISTED
VEREIT, Inc.
VER
| $27.4M | 0.02% |
852,168
+23,380
| +3% | +$651K |
|
541
Bunge Global
BG
$21.5B
| $27.4M | 0.02% |
665,303
+5,600
| +0.8% | +$217K |
|
542
Pan American Silver
PAAS
$22.2B
| $27.3M | 0.02% |
905,900
+495,100
| +121% | +$11.7M |
|
543
BCE
BCE
$21.4B
| $27.1M | 0.02% |
654,854
+52,700
| +9% | +$2.17M |
|
544
Omega Healthcare
OHI
$13.9B
| $26.6M | 0.02% |
896,200
+48,200
| +6% | +$1.43M |
|
|
IPG
545
DELISTED
Interpublic Group of Companies
IPG
| $26.3M | 0.02% |
1,533,318
+28,400
| +2% | +$468K |
|
546
Diamondback Energy
FANG
$56.3B
| $26.2M | 0.02% |
625,960
+34,400
| +6% | +$1.4M |
|
547
UGI
UGI
$7.49B
| $26.2M | 0.02% |
823,138
+11,900
| +1% | +$361K |
|
548
Molson Coors Class B
TAP
$7.77B
| $25.8M | 0.02% |
750,057
+12,700
| +2% | +$507K |
|
|
DISCK
549
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $25.7M | 0.02% |
1,336,927
-62,900
| -4% | -$1.23M |
|
550
SiriusXM
SIRI
$9.53B
| $25.6M | 0.02% |
436,423
-164,500
| -27% | -$9.22M |
|
Similar funds
Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.