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 | |
|---|---|---|---|---|---|---|
|
GOOS
1176
Canada Goose Holdings
GOOS
$850M
| $4.3M | ﹤0.01% |
89,500
+2,700
| +3% | +$138K |
|
1177
WaFd
WAFD
$2.81B
| $4.3M | ﹤0.01% |
148,700
+1,000
| +0.7% | +$29.4K |
|
1178
First Financial Bancorp
FFBC
$3.6B
| $4.29M | ﹤0.01% |
178,443
+5,300
| +3% | +$138K |
|
1179
MGE Energy Inc
MGEE
$3.06B
| $4.29M | ﹤0.01% |
63,150
+1,800
| +3% | +$115K |
|
1180
Caesars Entertainment
CZR
$6.04B
| $4.28M | ﹤0.01% |
91,644
+2,800
| +3% | +$128K |
|
|
BBBY
1181
DELISTED
Bed Bath & Beyond Inc
BBBY
| $4.28M | ﹤0.01% |
251,600
+2,200
| +0.9% | +$33.2K |
|
1182
WD-40
WDFC
$3.09B
| $4.27M | ﹤0.01% |
25,200
+700
| +3% | +$123K |
|
|
LM
1183
DELISTED
Legg Mason, Inc.
LM
| $4.27M | ﹤0.01% |
155,847
+4,700
| +3% | +$135K |
|
1184
Avient
AVNT
$4.23B
| $4.26M | ﹤0.01% |
145,500
+3,300
| +2% | +$104K |
|
1185
The GEO Group
GEO
$4B
| $4.26M | ﹤0.01% |
221,900
+5,800
| +3% | +$124K |
|
|
LEXEA
1186
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $4.25M | ﹤0.01% |
99,223
+2,900
| +3% | +$125K |
|
1187
Element Solutions
ESI
$9.51B
| $4.25M | ﹤0.01% |
420,389
+12,700
| +3% | +$141K |
|
|
ICPT
1188
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $4.24M | ﹤0.01% |
37,900
+1,300
| +4% | +$142K |
|
1189
Independent Bank
INDB
$4.05B
| $4.24M | ﹤0.01% |
52,300
+3,600
| +7% | +$285K |
|
1190
Empire State Realty Trust
ESRT
$836M
| $4.23M | ﹤0.01% |
268,000
+17,000
| +7% | +$261K |
|
|
AEL
1191
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.23M | ﹤0.01% |
156,400
+4,700
| +3% | +$142K |
|
|
ZGNX
1192
DELISTED
Zogenix, Inc.
ZGNX
| $4.21M | ﹤0.01% |
76,500
+2,500
| +3% | +$119K |
|
1193
CoreCivic
CXW
$3.13B
| $4.21M | ﹤0.01% |
216,318
+6,700
| +3% | +$132K |
|
|
CLDR
1194
DELISTED
Cloudera, Inc.
CLDR
| $4.2M | ﹤0.01% |
384,113
+69,300
| +22% | +$891K |
|
1195
Applied Industrial Technologies
AIT
$13.2B
| $4.2M | ﹤0.01% |
70,600
+2,100
| +3% | +$122K |
|
1196
Boyd Gaming
BYD
$6.05B
| $4.19M | ﹤0.01% |
153,300
+4,400
| +3% | +$120K |
|
|
BLD
1197
DELISTED
TopBuild
BLD
| $4.18M | ﹤0.01% |
64,521
+1,500
| +2% | +$84.4K |
|
1198
Silgan Holdings
SLGN
$4.46B
| $4.18M | ﹤0.01% |
141,100
+4,200
| +3% | +$116K |
|
|
QTS
1199
DELISTED
QTS REALTY TRUST, INC.
QTS
| $4.18M | ﹤0.01% |
92,883
+2,700
| +3% | +$113K |
|
1200
Avis
CAR
$4.84B
| $4.18M | ﹤0.01% |
119,800
+800
| +0.7% | +$24K |
|
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.