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 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AEL
1176
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.57M | ﹤0.01% |
168,400
+12,000
| +8% | +$343K |
|
1177
Green Dot
GDOT
$764M
| $4.57M | ﹤0.01% |
93,500
+7,100
| +8% | +$387K |
|
1178
AMC Global Media
AMCX
$486M
| $4.57M | ﹤0.01% |
83,800
+1,700
| +2% | +$95.9K |
|
1179
BOK Financial
BOKF
$8.75B
| $4.57M | ﹤0.01% |
60,474
+900
| +2% | +$73K |
|
1180
Pampa Energía
PAM
$4.28B
| $4.56M | ﹤0.01% |
+131,625
| New | +$3.44M |
|
1181
Patterson-UTI
PTEN
$4.22B
| $4.56M | ﹤0.01% |
396,300
| – | – |
|
|
CVET
1182
DELISTED
Covetrus, Inc. Common Stock
CVET
| $4.55M | ﹤0.01% |
186,240
+74,600
| +67% | +$2.15M |
|
1183
Dorman Products
DORM
$3.95B
| $4.54M | ﹤0.01% |
52,100
+900
| +2% | +$78.2K |
|
1184
Avient
AVNT
$4.17B
| $4.54M | ﹤0.01% |
144,600
-900
| -0.6% | -$25.2K |
|
1185
California Water Service
CWT
$3.09B
| $4.53M | ﹤0.01% |
89,400
+1,800
| +2% | +$90.5K |
|
|
CXP
1186
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $4.51M | ﹤0.01% |
217,545
+2,500
| +1% | +$55.4K |
|
|
AUY
1187
DELISTED
Yamana Gold, Inc.
AUY
| $4.51M | ﹤0.01% |
1,778,900
+37,300
| +2% | +$82.1K |
|
1188
Brady Corp
BRC
$4.48B
| $4.51M | ﹤0.01% |
91,400
+2,200
| +2% | +$105K |
|
1189
J&J Snack Foods
JJSF
$1.68B
| $4.51M | ﹤0.01% |
28,000
+700
| +3% | +$112K |
|
1190
Box
BOX
$4.55B
| $4.49M | ﹤0.01% |
255,100
+6,800
| +3% | +$130K |
|
1191
Ormat Technologies
ORA
$7.04B
| $4.48M | ﹤0.01% |
70,734
+1,500
| +2% | +$89.3K |
|
1192
World Kinect Corp
WKC
$1.88B
| $4.48M | ﹤0.01% |
124,600
+2,100
| +2% | +$65.9K |
|
1193
Albany International
AIN
$1.79B
| $4.48M | ﹤0.01% |
54,000
+1,100
| +2% | +$82.3K |
|
|
ADSW
1194
DELISTED
Advanced Disposal Services Inc
ADSW
| $4.48M | ﹤0.01% |
140,300
+27,200
| +24% | +$856K |
|
1195
CONMED
CNMD
$1.48B
| $4.47M | ﹤0.01% |
52,300
+6,100
| +13% | +$501K |
|
1196
Agree Realty
ADC
$9.13B
| $4.47M | ﹤0.01% |
69,782
+6,900
| +11% | +$461K |
|
1197
First Bancorp
FBP
$4.43B
| $4.46M | ﹤0.01% |
404,200
+28,100
| +7% | +$302K |
|
|
PDCE
1198
DELISTED
PDC Energy, Inc.
PDCE
| $4.44M | ﹤0.01% |
123,166
+2,700
| +2% | +$102K |
|
1199
Applied Industrial Technologies
AIT
$13B
| $4.44M | ﹤0.01% |
72,100
+1,500
| +2% | +$87.6K |
|
1200
First Financial Bancorp
FFBC
$3.57B
| $4.43M | ﹤0.01% |
183,043
+4,600
| +3% | +$111K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.