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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Louisiana-Pacific
LPX
$5.18B
| $6.27M | 0.01% |
257,300
+5,100
| +2% | +$125K |
|
952
Hancock Whitney
HWC
$6.37B
| $6.27M | 0.01% |
155,200
+4,300
| +3% | +$176K |
|
|
ELLI
953
DELISTED
Ellie Mae Inc
ELLI
| $6.27M | 0.01% |
63,500
+2,200
| +4% | +$191K |
|
954
FNB Corp
FNB
$6.88B
| $6.26M | 0.01% |
591,015
+17,600
| +3% | +$202K |
|
|
DOC
955
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $6.25M | 0.01% |
332,306
+10,400
| +3% | +$185K |
|
|
ENLC
956
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $6.22M | 0.01% |
486,723
+374,600
| +334% | +$4.23M |
|
|
SRC
957
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $6.2M | 0.01% |
156,154
+4,600
| +3% | +$175K |
|
|
WWE
958
DELISTED
World Wrestling Entertainment
WWE
| $6.18M | 0.01% |
71,200
+2,200
| +3% | +$185K |
|
959
Wolverine World Wide
WWW
$1.63B
| $6.18M | 0.01% |
172,900
+4,700
| +3% | +$164K |
|
960
Merit Medical Systems
MMSI
$5.4B
| $6.18M | 0.01% |
99,900
+3,100
| +3% | +$176K |
|
961
Wendy's
WEN
$1.65B
| $6.18M | 0.01% |
345,200
+6,300
| +2% | +$107K |
|
962
Glacier Bancorp
GBCI
$6.48B
| $6.17M | 0.01% |
154,000
+4,600
| +3% | +$193K |
|
|
STAY
963
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $6.16M | 0.01% |
343,186
+8,300
| +2% | +$144K |
|
|
TWO
964
Two Harbors Investment
TWO
$1.26B
| $6.12M | 0.01% |
113,038
+3,375
| +3% | +$189K |
|
|
MIC
965
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $6.11M | 0.01% |
148,300
+4,900
| +3% | +$201K |
|
966
Semtech
SMTC
$12.4B
| $6.11M | 0.01% |
120,000
+2,900
| +2% | +$150K |
|
967
Armstrong World Industries
AWI
$7.68B
| $6.1M | 0.01% |
76,800
-1,800
| -2% | -$125K |
|
|
AMED
968
DELISTED
Amedisys
AMED
| $6.09M | 0.01% |
49,400
+1,600
| +3% | +$201K |
|
|
EFOR
969
Everforth Inc
EFOR
$1.37B
| $6.07M | 0.01% |
95,600
+3,000
| +3% | +$188K |
|
970
Rexford Industrial Realty
REXR
$8.12B
| $6.05M | 0.01% |
169,016
+7,600
| +5% | +$256K |
|
971
National Health Investors
NHI
$3.5B
| $6.04M | 0.01% |
76,920
+2,300
| +3% | +$183K |
|
972
Churchill Downs
CHDN
$6.2B
| $6.03M | 0.01% |
133,600
+4,000
| +3% | +$179K |
|
973
Tetra Tech
TTEK
$9.33B
| $6.01M | 0.01% |
504,000
+13,000
| +3% | +$146K |
|
974
Thor Industries
THO
$4.11B
| $6M | 0.01% |
96,200
+3,000
| +3% | +$190K |
|
975
Bank of Hawaii
BOH
$3.15B
| $6M | 0.01% |
76,037
+1,700
| +2% | +$133K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.