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 | |
|---|---|---|---|---|---|---|
1176
Axcelis
ACLS
$4.42B
| $6.32M | ﹤0.01% |
79,700
+1,400
| +2% | +$98.6K |
|
1177
Clearway Energy Class C
CWEN
$7.02B
| $6.32M | ﹤0.01% |
198,450
+4,100
| +2% | +$138K |
|
|
BPMC
1178
DELISTED
Blueprint Medicines
BPMC
| $6.32M | ﹤0.01% |
144,200
+2,900
| +2% | +$139K |
|
1179
CNO Financial Group
CNO
$5.07B
| $6.31M | ﹤0.01% |
276,200
+1,400
| +0.5% | +$30.2K |
|
1180
Enovis
ENOV
$1.48B
| $6.29M | ﹤0.01% |
117,600
+2,300
| +2% | +$119K |
|
|
ESGR
1181
DELISTED
Enstar Group
ESGR
| $6.24M | ﹤0.01% |
27,000
-300
| -1% | -$61.1K |
|
1182
Legend Biotech
LEGN
$3.93B
| $6.23M | ﹤0.01% |
124,894
| – | – |
|
1183
Coca-Cola Consolidated
COKE
$12.7B
| $6.23M | ﹤0.01% |
121,650
+3,000
| +3% | +$143K |
|
1184
O-I Glass
OI
$1.05B
| $6.23M | ﹤0.01% |
376,024
+5,600
| +2% | +$90.2K |
|
1185
Kulicke & Soffa
KLIC
$5.01B
| $6.21M | ﹤0.01% |
140,200
| – | – |
|
|
FOLD
1186
DELISTED
Amicus Therapeutics
FOLD
| $6.2M | ﹤0.01% |
508,000
+9,700
| +2% | +$109K |
|
1187
International Bancshares
IBOC
$4.57B
| $6.19M | ﹤0.01% |
135,300
+500
| +0.4% | +$24.1K |
|
|
RXDX
1188
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $6.17M | ﹤0.01% |
56,100
+33,100
| +144% | +$2.15M |
|
1189
Innospec
IOSP
$2.31B
| $6.15M | ﹤0.01% |
59,803
+1,000
| +2% | +$102K |
|
1190
MGE Energy Inc
MGEE
$3.06B
| $6.14M | ﹤0.01% |
87,250
+1,500
| +2% | +$103K |
|
1191
Moog Inc Class A
MOG.A
$13.5B
| $6.13M | ﹤0.01% |
69,900
+1,100
| +2% | +$92.1K |
|
1192
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $6.13M | ﹤0.01% |
211,634
+5,500
| +3% | +$160K |
|
1193
Brink's
BCO
$4.72B
| $6.12M | ﹤0.01% |
114,000
+2,500
| +2% | +$145K |
|
1194
Commault Systems
CVLT
$6.26B
| $6.11M | ﹤0.01% |
97,300
+2,100
| +2% | +$130K |
|
1195
InMode
INMD
$875M
| $6.11M | ﹤0.01% |
171,200
+2,500
| +1% | +$87K |
|
1196
MaxLinear
MXL
$6.95B
| $6.1M | ﹤0.01% |
179,673
+4,900
| +3% | +$166K |
|
1197
PennyMac Financial
PFSI
$4.13B
| $6.1M | ﹤0.01% |
107,600
-2,100
| -2% | -$111K |
|
1198
Freshpet
FRPT
$3.5B
| $6.09M | ﹤0.01% |
115,450
+2,100
| +2% | +$125K |
|
|
PRMW
1199
DELISTED
Primo Water Corporation
PRMW
| $6.06M | ﹤0.01% |
390,148
+6,000
| +2% | +$87.2K |
|
1200
Autohome
ATHM
$2.6B
| $6.04M | ﹤0.01% |
197,489
-400
| -0.2% | -$11.9K |
|
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.