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 |
Flutter Entertainment
FLUT
|
+$128M |
| 2 |
Corebridge Financial
CRBG
|
+$18.4M |
| 3 |
Samsara
IOT
|
+$17.5M |
| 4 |
Realty Income
O
|
+$14.9M |
| 5 |
Williams-Sonoma
WSM
|
+$14.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$891M |
| 2 |
Microsoft
MSFT
|
+$375M |
| 3 |
NVIDIA
NVDA
|
+$237M |
| 4 |
Amazon
AMZN
|
+$198M |
| 5 |
Meta Platforms (Facebook)
META
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.23% |
| 2 | Healthcare | 12.76% |
| 3 | Consumer Discretionary | 11.79% |
| 4 | Industrials | 9.51% |
| 5 | Communication Services | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Universal Health Services
UHS
$10.2B
| $33.4M | 0.02% |
182,800
-11,500
| -6% | -$1.9M |
|
527
Bentley Systems
BSY
$10.8B
| $33.4M | 0.02% |
638,700
-25,900
| -4% | -$1.3M |
|
528
Bio-Techne
TECH
$11.3B
| $33.3M | 0.02% |
473,700
-21,200
| -4% | -$1.52M |
|
|
CYBR
529
DELISTED
CyberArk
CYBR
| $33.1M | 0.02% |
124,700
-5,900
| -5% | -$1.46M |
|
530
Ally Financial
ALLY
$13.5B
| $33M | 0.02% |
812,920
-35,900
| -4% | -$1.31M |
|
531
A.O. Smith
AOS
$8.51B
| $32.9M | 0.02% |
367,800
-20,400
| -5% | -$1.68M |
|
532
Globe Life
GL
$13.8B
| $32.8M | 0.02% |
281,800
-14,700
| -5% | -$1.8M |
|
533
Incyte
INCY
$24.5B
| $32.5M | 0.02% |
570,500
-25,100
| -4% | -$1.51M |
|
534
Emcor
EME
$36.8B
| $32.5M | 0.02% |
92,800
| – | – |
|
535
Lattice Semiconductor
LSCC
$18.4B
| $32.3M | 0.02% |
413,400
-17,600
| -4% | -$1.26M |
|
536
United Therapeutics
UTHR
$21.9B
| $32.3M | 0.02% |
140,655
-6,100
| -4% | -$1.38M |
|
537
Paycom
PAYC
$9.52B
| $32.3M | 0.02% |
162,300
-7,900
| -5% | -$1.51M |
|
538
Bath & Body Works
BBWI
$3.65B
| $32.2M | 0.02% |
642,800
-34,600
| -5% | -$1.55M |
|
539
Fortune Brands Innovations
FBIN
$5.83B
| $32M | 0.02% |
377,600
-19,200
| -5% | -$1.53M |
|
540
Texas Pacific Land
TPL
$23.6B
| $32M | 0.02% |
165,753
-6,300
| -4% | -$1.08M |
|
541
Teleflex
TFX
$6.03B
| $31.8M | 0.02% |
140,700
-6,300
| -4% | -$1.5M |
|
542
Open Text
OTEX
$5.8B
| $31.8M | 0.02% |
820,100
-61,700
| -7% | -$2.48M |
|
543
Regency Centers
REG
$13.9B
| $31.8M | 0.02% |
525,128
+7,000
| +1% | +$434K |
|
544
The Mosaic Company
MOS
$7.18B
| $31.8M | 0.02% |
978,800
-60,300
| -6% | -$1.92M |
|
545
Twilio
TWLO
$37.9B
| $31.5M | 0.02% |
515,100
-22,900
| -4% | -$1.51M |
|
546
Camden Property Trust
CPT
$10.9B
| $31.5M | 0.02% |
319,700
-13,200
| -4% | -$1.28M |
|
547
Hormel Foods
HRL
$13.4B
| $31.4M | 0.02% |
900,700
-36,200
| -4% | -$1.15M |
|
548
Wynn Resorts
WYNN
$10.6B
| $31.1M | 0.02% |
304,500
-16,100
| -5% | -$1.6M |
|
|
P
549
Everpure Inc
P
$37B
| $30.8M | 0.02% |
592,600
+8,500
| +1% | +$380K |
|
550
Saia
SAIA
$9.73B
| $30.7M | 0.02% |
52,400
+100
| +0.2% | +$52.3K |
|
Similar funds
Swiss National Bank's Q1 2024 Portfolio in Review
As of Q1 2024, Swiss National Bank held 2,559 positions worth $143B, up 4.7% from $136B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Swiss National Bank withdrew a net $6.38B in Q1 2024, closing 54 positions and reducing 945 holdings. Its most notable exit was Splunk Inc, an estimated $76.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Flutter Entertainment worth $119M.
- Swiss National Bank's largest Q1 2024 buy was Flutter Entertainment: 598,808 shares worth $119M.
- Swiss National Bank added most to Realty Income in Q1 2024, an estimated $14.9M increase.
- Swiss National Bank's biggest Q1 2024 reduction was Apple, cutting an estimated $891M.
- Swiss National Bank fully exited Splunk Inc in Q1 2024, selling an estimated $76.3M.
- Swiss National Bank's ten largest holdings make up 29% of its $143B portfolio in Q1 2024.
- Swiss National Bank opened 25 new positions and closed 54 in Q1 2024.
- Swiss National Bank's portfolio value rose 4.7% quarter-over-quarter to $143B.
Based on Swiss National Bank's 13F filing for Q1 2024, filed 7 May 2024.