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 | |
|---|---|---|---|---|---|---|
701
EastGroup Properties
EGP
$10.9B
| $16.4M | 0.01% |
91,387
+2,000
| +2% | +$361K |
|
702
Range Resources
RRC
$9.39B
| $16.4M | 0.01% |
476,400
+800
| +0.2% | +$24.7K |
|
703
Churchill Downs
CHDN
$6.17B
| $16.4M | 0.01% |
132,500
-300
| -0.2% | -$36.3K |
|
704
Antero Resources
AR
$11.5B
| $16.3M | 0.01% |
563,700
+1,300
| +0.2% | +$31.4K |
|
705
Acuity Brands
AYI
$10.8B
| $16.3M | 0.01% |
60,800
-700
| -1% | -$170K |
|
706
Lithia Motors
LAD
$8.32B
| $16.3M | 0.01% |
54,300
| – | – |
|
707
Encompass Health
EHC
$12.3B
| $16.3M | 0.01% |
197,800
+300
| +0.2% | +$22K |
|
|
SKX
708
DELISTED
Skechers
SKX
| $16.2M | 0.01% |
263,900
-900
| -0.3% | -$54.9K |
|
709
Penumbra
PEN
$12.9B
| $16.2M | 0.01% |
72,400
+400
| +0.6% | +$98.9K |
|
710
Old Republic International
ORI
$10.3B
| $16.2M | 0.01% |
525,900
-7,000
| -1% | -$203K |
|
711
Oshkosh
OSK
$9.61B
| $16.1M | 0.01% |
129,100
+400
| +0.3% | +$44.5K |
|
712
Affirm
AFRM
$24.6B
| $16M | 0.01% |
430,400
+5,100
| +1% | +$204K |
|
713
Aramark
ARMK
$15.9B
| $16M | 0.01% |
492,000
+2,800
| +0.6% | +$84.4K |
|
714
Elanco Animal Health
ELAN
$11.1B
| $15.8M | 0.01% |
973,092
+2,200
| +0.2% | +$34.4K |
|
715
Royal Gold
RGLD
$19.7B
| $15.8M | 0.01% |
129,600
+200
| +0.2% | +$22.6K |
|
|
SF
716
Stifel
SF
$12.8B
| $15.7M | 0.01% |
301,970
-8,100
| -3% | -$399K |
|
|
SWN
717
DELISTED
Southwestern Energy Company
SWN
| $15.7M | 0.01% |
2,066,200
+4,000
| +0.2% | +$27.2K |
|
718
Weatherford International
WFRD
$6.65B
| $15.6M | 0.01% |
135,200
+300
| +0.2% | +$30.4K |
|
719
Morningstar
MORN
$7.41B
| $15.6M | 0.01% |
50,600
+100
| +0.2% | +$28.8K |
|
720
SiteOne Landscape Supply
SITE
$4.22B
| $15.6M | 0.01% |
89,100
+400
| +0.5% | +$66K |
|
|
WCC
721
WESCO International
WCC
$17.8B
| $15.5M | 0.01% |
90,675
-400
| -0.4% | -$66.1K |
|
722
RBC Bearings
RBC
$17.6B
| $15.5M | 0.01% |
57,390
+100
| +0.2% | +$27K |
|
723
AGCO
AGCO
$7.11B
| $15.5M | 0.01% |
125,600
+200
| +0.2% | +$23.3K |
|
724
NNN REIT
NNN
$8.79B
| $15.4M | 0.01% |
360,200
+700
| +0.2% | +$29.1K |
|
725
Omega Healthcare
OHI
$13.9B
| $15.3M | 0.01% |
483,700
+1,100
| +0.2% | +$33.4K |
|
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.