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 | |
|---|---|---|---|---|---|---|
1126
Alarm.com
ALRM
$2.71B
| $6.36M | 0.01% |
104,000
+1,600
| +2% | +$90.4K |
|
|
FYBR
1127
DELISTED
Frontier Communications
FYBR
| $6.33M | 0.01% |
404,600
+4,100
| +1% | +$66.5K |
|
1128
Federated Hermes
FHI
$4.68B
| $6.33M | 0.01% |
186,917
+2,300
| +1% | +$79.2K |
|
1129
iRhythm Holdings
IRTC
$4.1B
| $6.32M | 0.01% |
67,000
+600
| +0.9% | +$61K |
|
1130
NorthWestern Energy
NWE
$4.39B
| $6.31M | 0.01% |
131,383
+1,300
| +1% | +$69.3K |
|
1131
UMB Financial
UMBF
$11.5B
| $6.29M | ﹤0.01% |
101,300
+1,000
| +1% | +$65K |
|
1132
Shift4
FOUR
$3.63B
| $6.27M | ﹤0.01% |
113,300
+5,600
| +5% | +$341K |
|
1133
Otter Tail
OTTR
$3.89B
| $6.27M | ﹤0.01% |
82,600
+900
| +1% | +$73.9K |
|
1134
Freshpet
FRPT
$3.5B
| $6.27M | ﹤0.01% |
95,150
-9,400
| -9% | -$674K |
|
1135
BlackLine
BL
$1.67B
| $6.27M | ﹤0.01% |
113,000
+1,300
| +1% | +$71.2K |
|
1136
DigitalBridge
DBRG
$2.95B
| $6.26M | ﹤0.01% |
355,925
+4,000
| +1% | +$66K |
|
1137
Indivior Pharmaceuticals
INDV
$4.52B
| $6.26M | ﹤0.01% |
287,897
+2,727
| +1% | +$62.2K |
|
1138
Freshworks
FRSH
$3.26B
| $6.25M | ﹤0.01% |
314,000
+6,700
| +2% | +$133K |
|
1139
LivaNova
LIVN
$4.49B
| $6.25M | ﹤0.01% |
118,119
+1,500
| +1% | +$82.2K |
|
1140
Jackson Financial
JXN
$9.02B
| $6.24M | ﹤0.01% |
163,200
+4,400
| +3% | +$154K |
|
1141
Commault Systems
CVLT
$6.04B
| $6.23M | ﹤0.01% |
92,100
| – | – |
|
1142
Prestige Consumer Healthcare
PBH
$2.42B
| $6.22M | ﹤0.01% |
108,800
+700
| +0.6% | +$42.3K |
|
|
AXNX
1143
DELISTED
Axonics, Inc. Common Stock
AXNX
| $6.21M | ﹤0.01% |
110,700
+2,000
| +2% | +$113K |
|
1144
PennyMac Financial
PFSI
$4.13B
| $6.21M | ﹤0.01% |
93,200
+700
| +0.8% | +$50.3K |
|
1145
Abercrombie & Fitch
ANF
$4.86B
| $6.2M | ﹤0.01% |
110,000
+2,900
| +3% | +$129K |
|
1146
Texas Capital Bancshares
TCBI
$4.4B
| $6.19M | ﹤0.01% |
105,050
| – | – |
|
1147
Integra LifeSciences
IART
$1.43B
| $6.19M | ﹤0.01% |
161,994
+1,500
| +0.9% | +$63.1K |
|
1148
Helen of Troy
HELE
$699M
| $6.18M | ﹤0.01% |
53,000
+700
| +1% | +$87.2K |
|
1149
Travel + Leisure Co
TNL
$4.57B
| $6.16M | ﹤0.01% |
167,700
+900
| +0.5% | +$36K |
|
1150
Cable One
CABO
$198M
| $6.16M | ﹤0.01% |
10,000
+100
| +1% | +$65.9K |
|
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.