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 |
Apple
AAPL
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.52% |
| 2 | Healthcare | 15.94% |
| 3 | Consumer Discretionary | 11.41% |
| 4 | Communication Services | 10.51% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Nutanix
NTNX
$17.5B
| $5.32M | 0.01% |
336,900
+35,600
| +12% | +$1M |
|
902
NeoGenomics
NEO
$2.11B
| $5.31M | 0.01% |
192,400
+3,500
| +2% | +$105K |
|
903
Wendy's
WEN
$1.65B
| $5.31M | 0.01% |
356,900
+3,700
| +1% | +$72.8K |
|
|
BPMC
904
DELISTED
Blueprint Medicines
BPMC
| $5.3M | 0.01% |
90,700
+1,400
| +2% | +$90.1K |
|
905
Blackbaud
BLKB
$2.1B
| $5.3M | 0.01% |
95,353
+1,300
| +1% | +$91.9K |
|
906
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $5.29M | 0.01% |
141,061
+1,000
| +0.7% | +$54.2K |
|
|
KYNB
907
Kyntra Bio
KYNB
$28.7M
| $5.29M | 0.01% |
6,092
+100
| +2% | +$99.4K |
|
908
Texas Roadhouse
TXRH
$14.1B
| $5.28M | 0.01% |
127,900
+1,300
| +1% | +$71.9K |
|
909
Clean Harbors
CLH
$16.7B
| $5.28M | 0.01% |
102,800
+1,200
| +1% | +$87.6K |
|
910
Bath & Body Works
BBWI
$3.76B
| $5.27M | 0.01% |
563,577
+5,195
| +0.9% | +$82.5K |
|
|
FTSV
911
DELISTED
Forty Seven, Inc. Common Stock
FTSV
| $5.24M | 0.01% |
54,900
+1,100
| +2% | +$66.5K |
|
912
AMN Healthcare
AMN
$1.34B
| $5.24M | 0.01% |
90,600
+1,300
| +1% | +$89K |
|
|
MGP
913
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $5.22M | 0.01% |
220,701
+1,000
| +0.5% | +$28.4K |
|
914
Tradeweb Markets
TW
$21.9B
| $5.19M | 0.01% |
123,500
+2,300
| +2% | +$105K |
|
915
Ares Management
ARES
$32.1B
| $5.16M | 0.01% |
166,866
+12,500
| +8% | +$437K |
|
916
Nexstar Media Group
NXST
$5.7B
| $5.16M | 0.01% |
89,360
+1,200
| +1% | +$127K |
|
|
PRSP
917
DELISTED
Perspecta Inc. Common Stock
PRSP
| $5.15M | 0.01% |
282,400
+2,800
| +1% | +$67.4K |
|
|
TGE
918
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $5.15M | 0.01% |
312,800
+4,100
| +1% | +$83.8K |
|
919
Ollie's Bargain Outlet
OLLI
$4.73B
| $5.14M | 0.01% |
111,000
+1,700
| +2% | +$87.2K |
|
920
American Airlines Group
AAL
$9.97B
| $5.13M | 0.01% |
421,200
+66,600
| +19% | +$1.52M |
|
921
Credit Acceptance
CACC
$5.99B
| $5.13M | 0.01% |
20,077
+300
| +2% | +$121K |
|
|
NUVA
922
DELISTED
NuVasive, Inc.
NUVA
| $5.12M | 0.01% |
100,969
+1,400
| +1% | +$93.9K |
|
923
Iridium Communications
IRDM
$5.26B
| $5.11M | 0.01% |
228,800
+3,400
| +2% | +$88K |
|
924
Carvana
CVNA
$79.7B
| $5.11M | 0.01% |
463,500
+11,000
| +2% | +$170K |
|
925
Agree Realty
ADC
$9.25B
| $5.09M | 0.01% |
82,282
+2,000
| +2% | +$142K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.