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 | |
|---|---|---|---|---|---|---|
|
LPT
551
DELISTED
Liberty Property Trust
LPT
| $24.1M | 0.03% |
481,148
-11,500
| -2% | -$563K |
|
552
Xerox
XRX
$427M
| $24M | 0.03% |
676,914
-38,900
| -5% | -$1.3M |
|
|
FLIR
553
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $24M | 0.03% |
442,829
-18,800
| -4% | -$954K |
|
554
WIX.com
WIX
$2.61B
| $23.9M | 0.03% |
168,000
+7,200
| +4% | +$972K |
|
555
Unum
UNM
$14.5B
| $23.5M | 0.03% |
701,267
-28,600
| -4% | -$991K |
|
556
PVH
PVH
$4.02B
| $23.4M | 0.03% |
247,400
-8,400
| -3% | -$929K |
|
|
HDS
557
DELISTED
HD Supply Holdings, Inc.
HDS
| $23.4M | 0.03% |
579,700
-2,700
| -0.5% | -$116K |
|
558
Fox Class B
FOX
$23.6B
| $23.1M | 0.03% |
633,202
+63,100
| +11% | +$2.29M |
|
|
GRUB
559
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $23M | 0.02% |
147,600
-3,600
| -2% | -$491K |
|
560
Southwest Airlines
LUV
$22B
| $22.9M | 0.02% |
451,412
-18,600
| -4% | -$964K |
|
561
DaVita
DVA
$11.7B
| $22.9M | 0.02% |
407,018
-36,100
| -8% | -$1.87M |
|
562
Alnylam Pharmaceuticals
ALNY
$29B
| $22.6M | 0.02% |
311,900
+9,100
| +3% | +$698K |
|
563
Flowserve
FLS
$10.1B
| $22.4M | 0.02% |
425,922
-10,200
| -2% | -$501K |
|
564
Newell Brands
NWL
$2.51B
| $22.3M | 0.02% |
1,445,553
-113,100
| -7% | -$1.69M |
|
|
WBC
565
DELISTED
WABCO HOLDINGS INC.
WBC
| $22.3M | 0.02% |
167,900
-6,400
| -4% | -$844K |
|
566
Robert Half
RHI
$4.37B
| $22.2M | 0.02% |
389,138
-16,400
| -4% | -$979K |
|
567
Steel Dynamics
STLD
$38.5B
| $22.1M | 0.02% |
732,700
-34,500
| -4% | -$1.06M |
|
568
SL Green Realty
SLG
$3.9B
| $22M | 0.02% |
282,427
-12,189
| -4% | -$1.03M |
|
569
Bread Financial
BFH
$4.38B
| $21.9M | 0.02% |
195,465
-9,649
| -5% | -$1.17M |
|
570
A.O. Smith
AOS
$8.48B
| $21.8M | 0.02% |
463,200
-16,800
| -4% | -$824K |
|
|
SEE
571
DELISTED
Sealed Air
SEE
| $21.7M | 0.02% |
508,023
-16,400
| -3% | -$722K |
|
572
Assurant
AIZ
$14.2B
| $21.5M | 0.02% |
201,958
-2,000
| -1% | -$198K |
|
573
Macy's
M
$6.55B
| $21.5M | 0.02% |
999,812
-25,300
| -2% | -$575K |
|
574
U-Haul Holding Co
UHAL
$14.4B
| $21M | 0.02% |
554,700
+67,000
| +14% | +$2.55M |
|
|
LSXMK
575
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $20.9M | 0.02% |
723,570
-31,248
| -4% | -$914K |
|
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.