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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
MGIC Investment
MTG
$6.29B
| $10.5M | 0.01% |
630,000
-2,300
| -0.4% | -$39.1K |
|
852
Western Alliance Bancorporation
WAL
$9.01B
| $10.5M | 0.01% |
228,700
+2,000
| +0.9% | +$94.5K |
|
853
SM Energy
SM
$7.71B
| $10.5M | 0.01% |
265,000
+2,600
| +1% | +$98.6K |
|
854
Ollie's Bargain Outlet
OLLI
$4.73B
| $10.5M | 0.01% |
135,800
+7,700
| +6% | +$562K |
|
855
Lantheus
LNTH
$6.57B
| $10.4M | 0.01% |
150,254
+1,700
| +1% | +$124K |
|
856
Watts Water Technologies
WTS
$12.9B
| $10.4M | 0.01% |
60,300
+600
| +1% | +$110K |
|
857
Idacorp
IDA
$8.21B
| $10.4M | 0.01% |
111,200
+1,100
| +1% | +$109K |
|
|
SRC
858
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $10.4M | 0.01% |
310,554
+2,900
| +0.9% | +$112K |
|
859
Terreno Realty
TRNO
$7.48B
| $10.4M | 0.01% |
183,000
+2,800
| +2% | +$167K |
|
860
Ryan Specialty Holdings
RYAN
$11B
| $10.4M | 0.01% |
214,700
+29,900
| +16% | +$1.39M |
|
861
Ryman Hospitality Properties
RHP
$7.82B
| $10.4M | 0.01% |
124,600
+10,400
| +9% | +$919K |
|
862
Wayfair
W
$14.1B
| $10.4M | 0.01% |
171,300
+5,100
| +3% | +$355K |
|
863
Bright Horizons
BFAM
$3.76B
| $10.4M | 0.01% |
127,079
+1,200
| +1% | +$111K |
|
864
Dolby
DLB
$5.75B
| $10.4M | 0.01% |
130,600
+600
| +0.5% | +$50.3K |
|
865
Affiliated Managers Group
AMG
$9.57B
| $10.3M | 0.01% |
79,400
+800
| +1% | +$112K |
|
866
Kite Realty
KRG
$5.27B
| $10.3M | 0.01% |
482,097
+4,600
| +1% | +$104K |
|
867
Ralph Lauren
RL
$23.6B
| $10.3M | 0.01% |
88,800
-700
| -0.8% | -$84.8K |
|
868
EXL Service
EXLS
$5.2B
| $10.2M | 0.01% |
365,440
+2,600
| +0.7% | +$76.1K |
|
869
MSC Industrial Direct
MSM
$6.67B
| $10.2M | 0.01% |
104,200
+1,400
| +1% | +$138K |
|
870
Post Holdings
POST
$3.65B
| $10.2M | 0.01% |
119,100
+3,700
| +3% | +$323K |
|
871
MACOM Technology Solutions
MTSI
$23.7B
| $10.2M | 0.01% |
124,650
+1,500
| +1% | +$111K |
|
872
Blue Owl Capital
OWL
$19.1B
| $10.2M | 0.01% |
784,000
+7,900
| +1% | +$94.2K |
|
873
Wintrust Financial
WTFC
$11B
| $10.2M | 0.01% |
134,467
+1,300
| +1% | +$102K |
|
874
Boyd Gaming
BYD
$6.03B
| $10.1M | 0.01% |
166,600
+200
| +0.1% | +$13.3K |
|
875
OneMain Financial
OMF
$7.44B
| $10.1M | 0.01% |
251,900
+2,000
| +0.8% | +$85.4K |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.