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
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Tetra Tech
TTEK
$9.33B
| $8.96M | 0.01% |
516,500
+3,000
| +0.6% | +$49K |
|
802
Radian Group
RDN
$4.92B
| $8.94M | 0.01% |
391,450
-5,800
| -1% | -$134K |
|
|
AYX
803
DELISTED
Alteryx Inc
AYX
| $8.94M | 0.01% |
83,200
+1,100
| +1% | +$136K |
|
804
Grand Canyon Education
LOPE
$3.79B
| $8.93M | 0.01% |
90,900
+1,100
| +1% | +$131K |
|
|
NUAN
805
DELISTED
Nuance Communications, Inc.
NUAN
| $8.9M | 0.01% |
630,630
+17,209
| +3% | +$248K |
|
|
SRC
806
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $8.9M | 0.01% |
185,954
+25,800
| +16% | +$1.18M |
|
807
Avnet
AVT
$7.87B
| $8.89M | 0.01% |
200,000
-1,700
| -0.8% | -$73.5K |
|
808
Nexstar Media Group
NXST
$5.81B
| $8.88M | 0.01% |
86,760
+1,900
| +2% | +$192K |
|
809
Prosperity Bancshares
PB
$8.97B
| $8.82M | 0.01% |
124,850
+1,300
| +1% | +$87.4K |
|
810
Highwoods Properties
HIW
$3.51B
| $8.77M | 0.01% |
195,102
+2,400
| +1% | +$105K |
|
811
Saic
SAIC
$5.35B
| $8.76M | 0.01% |
100,315
+1,300
| +1% | +$111K |
|
812
Fluor
FLR
$7B
| $8.76M | 0.01% |
457,922
+100
| +0% | +$2.39K |
|
|
SRCL
813
DELISTED
Stericycle Inc
SRCL
| $8.72M | 0.01% |
171,300
+2,600
| +2% | +$121K |
|
814
Black Hills Corp
BKH
$5.64B
| $8.71M | 0.01% |
113,579
+1,900
| +2% | +$148K |
|
815
Teladoc Health
TDOC
$1.26B
| $8.67M | 0.01% |
128,000
+2,900
| +2% | +$191K |
|
816
EastGroup Properties
EGP
$11B
| $8.64M | 0.01% |
69,087
+1,200
| +2% | +$147K |
|
817
First Solar
FSLR
$24B
| $8.63M | 0.01% |
148,700
+2,400
| +2% | +$154K |
|
818
Rexford Industrial Realty
REXR
$8.12B
| $8.62M | 0.01% |
195,716
+15,600
| +9% | +$667K |
|
819
Western Alliance Bancorporation
WAL
$8.92B
| $8.6M | 0.01% |
186,700
+1,200
| +0.6% | +$54.2K |
|
820
Methanex
MEOH
$4.19B
| $8.59M | 0.01% |
242,100
+1,400
| +0.6% | +$51.7K |
|
821
Brunswick
BC
$5.29B
| $8.54M | 0.01% |
163,900
+2,000
| +1% | +$95.5K |
|
822
Landstar System
LSTR
$6.4B
| $8.51M | 0.01% |
75,600
+1,000
| +1% | +$110K |
|
|
ALE
823
DELISTED
Allete
ALE
| $8.5M | 0.01% |
97,200
+1,300
| +1% | +$112K |
|
824
Assured Guaranty
AGO
$3.35B
| $8.49M | 0.01% |
191,000
-1,600
| -0.8% | -$70.4K |
|
825
Armstrong World Industries
AWI
$7.68B
| $8.47M | 0.01% |
87,600
+1,900
| +2% | +$183K |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
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 Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.