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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Avient
AVNT
$4.23B
| $7.41M | 0.01% |
219,600
+2,800
| +1% | +$92K |
|
1077
Albany International
AIN
$1.82B
| $7.4M | 0.01% |
75,100
+400
| +0.5% | +$38.2K |
|
1078
Sensient Technologies
SXT
$5.53B
| $7.4M | 0.01% |
101,500
+1,800
| +2% | +$129K |
|
|
TWNK
1079
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $7.39M | 0.01% |
329,500
+1,600
| +0.5% | +$40.3K |
|
1080
Credit Acceptance
CACC
$6.05B
| $7.39M | 0.01% |
15,577
| – | – |
|
1081
National Vision
EYE
$1.51B
| $7.38M | 0.01% |
190,500
-2,600
| -1% | -$97.4K |
|
1082
Transocean
RIG
$6.39B
| $7.38M | 0.01% |
1,618,830
+84,600
| +6% | +$326K |
|
1083
Vontier
VNT
$4.47B
| $7.38M | 0.01% |
381,800
| – | – |
|
1084
Weatherford International
WFRD
$6.6B
| $7.37M | 0.01% |
144,800
+2,700
| +2% | +$111K |
|
1085
Travel + Leisure Co
TNL
$4.58B
| $7.37M | 0.01% |
202,500
| – | – |
|
1086
Cactus
WHD
$5.78B
| $7.36M | 0.01% |
146,400
+3,100
| +2% | +$155K |
|
1087
CRISPR Therapeutics
CRSP
$5.22B
| $7.28M | 0.01% |
179,000
+4,500
| +3% | +$239K |
|
1088
Mueller Industries
MLI
$14.7B
| $7.27M | 0.01% |
492,800
+6,800
| +1% | +$108K |
|
1089
Texas Capital Bancshares
TCBI
$4.38B
| $7.25M | 0.01% |
120,250
| – | – |
|
1090
EnerSys
ENS
$7.2B
| $7.24M | 0.01% |
98,100
+1,700
| +2% | +$119K |
|
|
PPBI
1091
DELISTED
Pacific Premier Bancorp
PPBI
| $7.24M | 0.01% |
229,257
+4,100
| +2% | +$141K |
|
1092
Columbia Sportswear
COLM
$2.96B
| $7.22M | 0.01% |
82,400
+400
| +0.5% | +$32.2K |
|
1093
Ambarella
AMBA
$3.6B
| $7.19M | 0.01% |
87,433
+1,600
| +2% | +$107K |
|
1094
LivaNova
LIVN
$4.53B
| $7.18M | 0.01% |
129,319
+2,600
| +2% | +$133K |
|
|
VSXY
1095
Victoria's Secret
VSXY
$7.24B
| $7.18M | 0.01% |
200,600
+2,500
| +1% | +$99.3K |
|
1096
ABM Industries
ABM
$2.82B
| $7.16M | 0.01% |
161,300
+2,700
| +2% | +$119K |
|
1097
SPX Corp
SPXC
$10.6B
| $7.16M | 0.01% |
109,118
+700
| +0.6% | +$45.8K |
|
|
WWE
1098
DELISTED
World Wrestling Entertainment
WWE
| $7.16M | 0.01% |
104,500
+2,000
| +2% | +$151K |
|
|
HI
1099
DELISTED
Hillenbrand
HI
| $7.16M | 0.01% |
167,759
-2,300
| -1% | -$102K |
|
|
CMBT
1100
CMB.TECH NV
CMBT
$4.92B
| $7.13M | 0.01% |
425,018
+7,623
| +2% | +$137K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.