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 |
AT&T
T
|
+$161M |
| 2 |
Amazon
AMZN
|
+$73.7M |
| 3 |
Evergy
EVRG
|
+$72.4M |
| 4 |
Microsoft
MSFT
|
+$65.3M |
| 5 |
Apple
AAPL
|
+$55.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$257M |
| 2 |
MON
Monsanto Co
MON
|
+$208M |
| 3 |
WR
Westar Energy Inc
WR
|
+$47.7M |
| 4 |
Travel + Leisure Co
TNL
|
+$26.9M |
| 5 |
Intuitive Surgical
ISRG
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.21% |
| 2 | Healthcare | 14.51% |
| 3 | Consumer Discretionary | 11.78% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 9.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Signet Jewelers
SIG
$3.68B
| $5.73M | 0.01% |
102,800
+2,800
| +3% | +$124K |
|
|
CHX
1002
DELISTED
ChampionX
CHX
| $5.72M | 0.01% |
+137,000
| New | +$5.61M |
|
1003
Black Hills Corp
BKH
$5.59B
| $5.7M | 0.01% |
93,179
| – | – |
|
1004
Navient
NAVI
$803M
| $5.7M | 0.01% |
437,600
-20,000
| -4% | -$272K |
|
1005
Darling Ingredients
DAR
$9.84B
| $5.7M | 0.01% |
286,700
| – | – |
|
1006
Wipro
WIT
$19.5B
| $5.68M | 0.01% |
3,163,237
| – | – |
|
|
WFT
1007
DELISTED
Weatherford International plc
WFT
| $5.67M | 0.01% |
1,722,500
| – | – |
|
1008
Conduent
CNDT
$246M
| $5.65M | 0.01% |
311,054
| – | – |
|
1009
Manhattan Associates
MANH
$11.4B
| $5.64M | 0.01% |
119,920
| – | – |
|
1010
Blackstone Mortgage Trust
BXMT
$2.47B
| $5.63M | 0.01% |
179,000
+4,400
| +3% | +$139K |
|
1011
Deckers Outdoor
DECK
$12.8B
| $5.62M | 0.01% |
298,800
-35,400
| -11% | -$613K |
|
1012
Teladoc Health
TDOC
$1.24B
| $5.61M | 0.01% |
96,700
+2,300
| +2% | +$112K |
|
|
ZNGA
1013
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $5.61M | 0.01% |
1,377,253
+24,100
| +2% | +$94.6K |
|
1014
Generac Holdings
GNRC
$12.7B
| $5.6M | 0.01% |
108,300
| – | – |
|
1015
CNO Financial Group
CNO
$5.05B
| $5.6M | 0.01% |
294,000
| – | – |
|
1016
Selective Insurance
SIGI
$5.6B
| $5.59M | 0.01% |
101,600
| – | – |
|
1017
Deluxe
DLX
$1.09B
| $5.58M | 0.01% |
84,200
| – | – |
|
1018
Ingersoll Rand
IR
$33B
| $5.58M | 0.01% |
189,700
+53,200
| +39% | +$1.67M |
|
1019
SiteOne Landscape Supply
SITE
$4.32B
| $5.56M | 0.01% |
66,200
-3,100
| -4% | -$245K |
|
1020
CNX Resources
CNX
$5.35B
| $5.54M | 0.01% |
311,658
-8,700
| -3% | -$140K |
|
1021
SouthState Bank Corp
SSB
$10.7B
| $5.52M | 0.01% |
64,002
| – | – |
|
1022
ATI
ATI
$31.3B
| $5.51M | 0.01% |
219,300
| – | – |
|
1023
Essent Group
ESNT
$6.08B
| $5.51M | 0.01% |
153,700
+8,000
| +5% | +$290K |
|
1024
Healthcare Services Group
HCSG
$1.44B
| $5.5M | 0.01% |
127,463
| – | – |
|
1025
Cable One
CABO
$192M
| $5.48M | 0.01% |
7,477
| – | – |
|
Similar funds
Swiss National Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Swiss National Bank held 2,583 positions worth $87.5B, up 6.6% from $82B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2018 filing shows 99 new, 998 increased, 212 reduced and 57 closed positions. Its largest new stake was Evergy: 1,352,626 shares worth $76M. The largest sale was Time Warner Inc, an estimated $257M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2018 buy was Evergy: 1,352,626 shares worth $76M.
- Swiss National Bank added most to AT&T in Q2 2018, an estimated $161M increase.
- Swiss National Bank's biggest Q2 2018 reduction was Travel + Leisure Co, cutting an estimated $26.9M.
- Swiss National Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $257M.
- Swiss National Bank's ten largest holdings make up 18% of its $87.5B portfolio in Q2 2018.
- Swiss National Bank opened 99 new positions and closed 57 in Q2 2018.
- Swiss National Bank's portfolio value rose 6.6% quarter-over-quarter to $87.5B.
Based on Swiss National Bank's 13F filing for Q2 2018, filed 9 Aug 2018.