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 |
Apple
AAPL
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.22% |
| 2 | Healthcare | 14.23% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.53% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Federated Hermes
FHI
$4.7B
| $7.41M | ﹤0.01% |
217,617
+13,700
| +7% | +$466K |
|
1202
EnerSys
ENS
$6.81B
| $7.38M | ﹤0.01% |
99,000
+5,400
| +6% | +$403K |
|
1203
California Water Service
CWT
$3.09B
| $7.37M | ﹤0.01% |
124,400
+11,000
| +10% | +$663K |
|
|
DOO
1204
Bombardier Recreational Products
DOO
$4.69B
| $7.34M | ﹤0.01% |
89,744
+6,400
| +8% | +$486K |
|
1205
Sprout Social
SPT
$579M
| $7.33M | ﹤0.01% |
91,541
+7,200
| +9% | +$493K |
|
1206
ABM Industries
ABM
$2.84B
| $7.32M | ﹤0.01% |
159,000
+10,700
| +7% | +$466K |
|
1207
CNO Financial Group
CNO
$5.02B
| $7.32M | ﹤0.01% |
291,600
+10,400
| +4% | +$258K |
|
1208
Essential Properties Realty Trust
EPRT
$6.62B
| $7.27M | ﹤0.01% |
287,400
+27,100
| +10% | +$698K |
|
1209
Trupanion
TRUP
$1.33B
| $7.24M | ﹤0.01% |
81,210
+6,000
| +8% | +$552K |
|
1210
Xerox
XRX
$412M
| $7.24M | ﹤0.01% |
358,800
+25,000
| +7% | +$526K |
|
|
KW
1211
DELISTED
Kennedy-Wilson Holdings
KW
| $7.23M | ﹤0.01% |
296,368
+17,000
| +6% | +$391K |
|
1212
Ameris Bancorp
ABCB
$5.94B
| $7.22M | ﹤0.01% |
164,644
+11,000
| +7% | +$542K |
|
1213
Visteon
VC
$2.84B
| $7.22M | ﹤0.01% |
66,200
+4,500
| +7% | +$490K |
|
|
CIXX
1214
DELISTED
CI Financial Corp.
CIXX
| $7.22M | ﹤0.01% |
455,200
+28,100
| +7% | +$501K |
|
1215
First Majestic Silver
AG
$9.26B
| $7.22M | ﹤0.01% |
549,600
+39,300
| +8% | +$460K |
|
1216
WSFS Financial
WSFS
$4.15B
| $7.21M | ﹤0.01% |
154,740
+50,100
| +48% | +$2.6M |
|
|
REGI
1217
DELISTED
Renewable Energy Group, Inc.
REGI
| $7.21M | ﹤0.01% |
118,800
+8,200
| +7% | +$397K |
|
1218
Newmark Group
NMRK
$2.68B
| $7.2M | ﹤0.01% |
452,207
+68,600
| +18% | +$1.12M |
|
1219
STAAR Surgical
STAA
$1.27B
| $7.19M | ﹤0.01% |
90,000
+6,500
| +8% | +$484K |
|
|
TRQ
1220
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $7.18M | ﹤0.01% |
239,410
+16,800
| +8% | +$351K |
|
|
CIVI
1221
DELISTED
Civitas Resources
CIVI
| $7.18M | ﹤0.01% |
120,230
+8,600
| +8% | +$468K |
|
|
TWNK
1222
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $7.18M | ﹤0.01% |
327,200
+40,900
| +14% | +$848K |
|
1223
ZIM Integrated Shipping Services
ZIM
$3.23B
| $7.17M | ﹤0.01% |
98,600
+9,500
| +11% | +$657K |
|
|
JWN
1224
DELISTED
Nordstrom
JWN
| $7.13M | ﹤0.01% |
263,000
+18,200
| +7% | +$426K |
|
1225
Simmons First National
SFNC
$3.45B
| $7.12M | ﹤0.01% |
271,486
+32,600
| +14% | +$941K |
|
Similar funds
Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.