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 |
Northrop Grumman
NOC
|
+$305M |
| 2 |
Prologis
PLD
|
+$97.9M |
| 3 |
Carlisle Companies
CSL
|
+$29.2M |
| 4 |
Healthcare Realty
HR
|
+$28.7M |
| 5 |
Gaming and Leisure Properties
GLPI
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$102M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$91.2M |
| 3 |
Chevron
CVX
|
+$54.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$52.9M |
| 5 |
Microsoft
MSFT
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.12% |
| 2 | Healthcare | 15.83% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Industrials | 8.88% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
WD-40
WDFC
$3.09B
| $5.69M | ﹤0.01% |
32,400
+100
| +0.3% | +$18.7K |
|
1202
Autohome
ATHM
$2.6B
| $5.69M | ﹤0.01% |
197,889
| – | – |
|
1203
Freshpet
FRPT
$3.5B
| $5.68M | ﹤0.01% |
113,350
+10,800
| +11% | +$509K |
|
|
SI
1204
DELISTED
Silvergate Capital Corporation
SI
| $5.65M | ﹤0.01% |
75,000
+3,400
| +5% | +$289K |
|
1205
Papa John's
PZZA
$804M
| $5.64M | ﹤0.01% |
80,600
| – | – |
|
1206
MGE Energy Inc
MGEE
$3.06B
| $5.63M | ﹤0.01% |
85,750
+300
| +0.4% | +$23.5K |
|
1207
CONMED
CNMD
$1.49B
| $5.61M | ﹤0.01% |
70,000
+800
| +1% | +$75.5K |
|
1208
Array Technologies
ARRY
$796M
| $5.61M | ﹤0.01% |
338,300
+33,700
| +11% | +$583K |
|
1209
EnerSys
ENS
$7.2B
| $5.61M | ﹤0.01% |
96,400
-800
| -0.8% | -$50.9K |
|
|
ENLC
1210
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $5.6M | ﹤0.01% |
629,923
+2,800
| +0.4% | +$26.9K |
|
1211
Kosmos Energy
KOS
$1.51B
| $5.58M | ﹤0.01% |
1,080,000
+7,600
| +0.7% | +$46K |
|
1212
Ingevity
NGVT
$2.59B
| $5.57M | ﹤0.01% |
91,890
-1,000
| -1% | -$67.1K |
|
1213
Vishay Intertechnology
VSH
$5.11B
| $5.57M | ﹤0.01% |
312,800
-1,000
| -0.3% | -$19.5K |
|
1214
Boise Cascade
BCC
$2.94B
| $5.56M | ﹤0.01% |
93,500
+800
| +0.9% | +$51.5K |
|
1215
HUB Group
HUBG
$2.55B
| $5.56M | ﹤0.01% |
161,200
+400
| +0.2% | +$15.3K |
|
1216
BioCryst Pharmaceuticals
BCRX
$2.51B
| $5.55M | ﹤0.01% |
440,168
+5,200
| +1% | +$66.9K |
|
|
IBTX
1217
DELISTED
Independent Bank Group, Inc.
IBTX
| $5.54M | ﹤0.01% |
90,222
-400
| -0.4% | -$27.6K |
|
|
CVET
1218
DELISTED
Covetrus, Inc. Common Stock
CVET
| $5.53M | ﹤0.01% |
264,640
+5,100
| +2% | +$106K |
|
|
ONEM
1219
DELISTED
1Life Healthcare
ONEM
| $5.52M | ﹤0.01% |
322,100
+5,400
| +2% | +$84.8K |
|
1220
Columbia Sportswear
COLM
$2.96B
| $5.52M | ﹤0.01% |
82,000
-1,600
| -2% | -$117K |
|
1221
Blue Owl Capital
OWL
$19.7B
| $5.52M | ﹤0.01% |
597,700
+25,400
| +4% | +$282K |
|
1222
Cactus
WHD
$5.78B
| $5.51M | ﹤0.01% |
143,300
+3,900
| +3% | +$156K |
|
1223
NETSCOUT
NTCT
$2.89B
| $5.5M | ﹤0.01% |
175,728
+1,800
| +1% | +$58.9K |
|
1224
NewMarket
NEU
$8.72B
| $5.47M | ﹤0.01% |
18,200
-100
| -0.5% | -$30K |
|
1225
Otter Tail
OTTR
$3.9B
| $5.46M | ﹤0.01% |
88,800
+600
| +0.7% | +$43.3K |
|
Similar funds
Swiss National Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Swiss National Bank held 2,744 positions worth $140B, down 5.4% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 1.2%. Swiss National Bank opened 4 new positions and exited 30, leaving the 2,744-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2022 buy was Northrop Grumman: 639,945 shares worth $301M.
- Swiss National Bank added most to Prologis in Q3 2022, an estimated $97.9M increase.
- Swiss National Bank's biggest Q3 2022 reduction was Apple, cutting an estimated $102M.
- Swiss National Bank fully exited Duke Realty Corp. in Q3 2022, selling an estimated $91.2M.
- Swiss National Bank's ten largest holdings make up 26% of its $140B portfolio in Q3 2022.
- Swiss National Bank opened 4 new positions and closed 30 in Q3 2022.
- Swiss National Bank's portfolio value fell 5.4% quarter-over-quarter to $140B.
Based on Swiss National Bank's 13F filing for Q3 2022, filed 9 Nov 2022.