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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.43% |
| 2 | Healthcare | 15.87% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.96% |
| 5 | Industrials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Waste Management
WM
$91.1B
| $275M | 0.19% |
1,798,402
-13,500
| -0.7% | -$2.11M |
|
102
Regeneron Pharmaceuticals
REGN
$82.9B
| $274M | 0.19% |
462,872
+5,000
| +1% | +$3.25M |
|
103
Micron Technology
MU
$974B
| $269M | 0.18% |
4,857,464
+12,400
| +0.3% | +$842K |
|
|
ATVI
104
DELISTED
Activision Blizzard
ATVI
| $263M | 0.18% |
3,379,845
+6,300
| +0.2% | +$490K |
|
105
Equinix
EQIX
$102B
| $259M | 0.18% |
393,559
+3,500
| +0.9% | +$2.42M |
|
106
Lam Research
LRCX
$392B
| $258M | 0.17% |
6,050,320
-48,000
| -0.8% | -$2.29M |
|
107
Edwards Lifesciences
EW
$53.6B
| $257M | 0.17% |
2,704,225
+100
| +0% | +$10.4K |
|
108
Humana
HUM
$45.4B
| $257M | 0.17% |
549,337
-7,400
| -1% | -$3.29M |
|
109
Estee Lauder
EL
$31.9B
| $257M | 0.17% |
1,008,225
+4,600
| +0.5% | +$1.17M |
|
110
Aon
AON
$75.5B
| $250M | 0.17% |
927,974
-26,400
| -3% | -$7.59M |
|
111
FedEx
FDX
$76.7B
| $248M | 0.17% |
1,091,865
-1,200
| -0.1% | -$256K |
|
112
Illinois Tool Works
ITW
$83.9B
| $247M | 0.17% |
1,357,452
-2,100
| -0.2% | -$420K |
|
113
Dollar General
DG
$26.8B
| $247M | 0.17% |
1,005,047
-5,500
| -0.5% | -$1.28M |
|
114
Charter Communications
CHTR
$18.3B
| $246M | 0.17% |
524,443
-19,200
| -4% | -$9.36M |
|
115
Fidelity National Information Services
FIS
$22.1B
| $242M | 0.16% |
2,644,369
+6,900
| +0.3% | +$685K |
|
116
Sherwin-Williams
SHW
$88.3B
| $240M | 0.16% |
1,072,942
-5,900
| -0.5% | -$1.51M |
|
|
FISV
117
Fiserv Inc
FISV
$27.9B
| $239M | 0.16% |
2,687,735
+114,100
| +4% | +$11.1M |
|
118
Occidental Petroleum
OXY
$59.2B
| $239M | 0.16% |
4,051,841
+6,500
| +0.2% | +$399K |
|
119
Norfolk Southern
NSC
$75B
| $236M | 0.16% |
1,040,062
-13,900
| -1% | -$3.41M |
|
120
Air Products & Chemicals
APD
$69B
| $231M | 0.16% |
961,748
+2,600
| +0.3% | +$632K |
|
121
Boston Scientific
BSX
$73.8B
| $231M | 0.16% |
6,188,880
+16,900
| +0.3% | +$688K |
|
122
TC Energy
TRP
$66.4B
| $227M | 0.15% |
4,390,923
+33,100
| +0.8% | +$1.85M |
|
123
General Dynamics
GD
$107B
| $227M | 0.15% |
1,023,854
-4,100
| -0.4% | -$944K |
|
124
Suncor Energy
SU
$74.2B
| $224M | 0.15% |
6,407,112
-65,400
| -1% | -$2.38M |
|
|
PXD
125
DELISTED
Pioneer Natural Resource Co.
PXD
| $223M | 0.15% |
1,000,958
-3,600
| -0.4% | -$913K |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.