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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBC
551
DELISTED
WABCO HOLDINGS INC.
WBC
| $23M | 0.03% |
174,300
+3,100
| +2% | +$382K |
|
552
Capri Holdings
CPRI
$1.77B
| $22.9M | 0.03% |
500,600
+15,300
| +3% | +$669K |
|
553
Xerox
XRX
$423M
| $22.9M | 0.03% |
715,814
-29,900
| -4% | -$843K |
|
554
XPO
XPO
$23.8B
| $22.7M | 0.03% |
1,223,927
+31,805
| +3% | +$611K |
|
555
Fortune Brands Innovations
FBIN
$5.97B
| $22.5M | 0.02% |
553,293
+8,307
| +2% | +$319K |
|
|
QVCGA
556
DELISTED
QVC Group Inc Series A
QVCGA
| $22.5M | 0.02% |
28,987
+29
| +0.1% | +$28K |
|
557
Arrow Electronics
ARW
$10.5B
| $22.4M | 0.02% |
290,548
+6,700
| +2% | +$514K |
|
558
Ingredion
INGR
$6.6B
| $22.4M | 0.02% |
236,200
+5,400
| +2% | +$510K |
|
|
ACB
559
Aurora Cannabis
ACB
$216M
| $22.1M | 0.02% |
20,366
+1,135
| +6% | +$1.01M |
|
|
LSXMK
560
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $22M | 0.02% |
754,818
+12,604
| +2% | +$381K |
|
561
Twilio
TWLO
$39.3B
| $22M | 0.02% |
170,173
+41,073
| +32% | +$4.63M |
|
|
FLIR
562
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $22M | 0.02% |
461,629
+12,700
| +3% | +$614K |
|
563
Bath & Body Works
BBWI
$3.81B
| $21.5M | 0.02% |
965,341
+17,813
| +2% | +$392K |
|
|
HBI
564
DELISTED
Hanesbrands
HBI
| $21.5M | 0.02% |
1,202,100
+31,000
| +3% | +$515K |
|
565
Autoliv
ALV
$8.96B
| $21.3M | 0.02% |
290,261
+7,300
| +3% | +$566K |
|
566
Chemours
CC
$2.23B
| $21.3M | 0.02% |
572,500
+4,600
| +0.8% | +$167K |
|
|
GRUB
567
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $21M | 0.02% |
151,200
+4,150
| +3% | +$643K |
|
568
Perrigo
PRGO
$1.78B
| $20.8M | 0.02% |
431,062
+11,100
| +3% | +$519K |
|
|
JWN
569
DELISTED
Nordstrom
JWN
| $20.7M | 0.02% |
466,025
+14,900
| +3% | +$680K |
|
570
CAE Inc. Common Shares
CAE
$8.74B
| $20.7M | 0.02% |
932,500
+2,600
| +0.3% | +$54.4K |
|
571
Melco Resorts & Entertainment
MLCO
$2.16B
| $20.6M | 0.02% |
910,047
+8,600
| +1% | +$187K |
|
572
Zebra Technologies
ZBRA
$18.1B
| $20.5M | 0.02% |
98,046
+3,100
| +3% | +$584K |
|
573
Fox Class B
FOX
$23.2B
| $20.5M | 0.02% |
+570,102
| New | +$21.7M |
|
574
Rollins
ROL
$17.8B
| $20.4M | 0.02% |
736,275
+18,750
| +3% | +$488K |
|
575
Helmerich & Payne
HP
$4.25B
| $20.2M | 0.02% |
363,352
+9,500
| +3% | +$518K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.