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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GMS
1226
DELISTED
GMS Inc
GMS
| $5.45M | ﹤0.01% |
85,200
+8,700
| +11% | +$604K |
|
1227
MGE Energy Inc
MGEE
$3.06B
| $5.45M | ﹤0.01% |
79,550
+800
| +1% | +$60.7K |
|
1228
Korn Ferry
KFY
$4.36B
| $5.44M | ﹤0.01% |
114,700
+600
| +0.5% | +$30.5K |
|
1229
Sensient Technologies
SXT
$5.53B
| $5.43M | ﹤0.01% |
92,800
+900
| +1% | +$56.7K |
|
1230
Unifirst Corp
UNF
$5.21B
| $5.41M | ﹤0.01% |
33,200
+300
| +0.9% | +$49.6K |
|
1231
Allegro MicroSystems
ALGM
$8.23B
| $5.4M | ﹤0.01% |
169,000
+2,200
| +1% | +$89.4K |
|
1232
McGrath RentCorp
MGRC
$2.94B
| $5.39M | ﹤0.01% |
53,800
+700
| +1% | +$68.2K |
|
1233
Avista
AVA
$3.24B
| $5.39M | ﹤0.01% |
166,500
+2,600
| +2% | +$92.9K |
|
1234
ACI Worldwide
ACIW
$5.42B
| $5.37M | ﹤0.01% |
238,200
+2,800
| +1% | +$65.4K |
|
1235
ICU Medical
ICUI
$4.58B
| $5.36M | ﹤0.01% |
45,019
+500
| +1% | +$74.6K |
|
1236
ArcBest
ARCB
$3.28B
| $5.36M | ﹤0.01% |
52,700
| – | – |
|
1237
C3.ai
AI
$1.58B
| $5.35M | ﹤0.01% |
209,500
+8,300
| +4% | +$277K |
|
1238
MINISO
MNSO
$3.53B
| $5.34M | ﹤0.01% |
206,334
-30,629
| -13% | -$682K |
|
1239
Boot Barn
BOOT
$4.92B
| $5.34M | ﹤0.01% |
65,800
+900
| +1% | +$81K |
|
1240
Bloom Energy
BE
$69.6B
| $5.34M | ﹤0.01% |
402,800
+4,300
| +1% | +$67.4K |
|
1241
International Bancshares
IBOC
$4.57B
| $5.33M | ﹤0.01% |
122,900
+1,200
| +1% | +$54.9K |
|
1242
First Bancorp
FBP
$4.49B
| $5.32M | ﹤0.01% |
395,300
+3,800
| +1% | +$52.8K |
|
1243
Evertec
EVTC
$1.91B
| $5.32M | ﹤0.01% |
143,074
+1,400
| +1% | +$54.5K |
|
1244
Enpro
NPO
$7.12B
| $5.28M | ﹤0.01% |
43,600
+400
| +0.9% | +$52.7K |
|
1245
SL Green Realty
SLG
$4.08B
| $5.28M | ﹤0.01% |
141,498
+1,400
| +1% | +$50.3K |
|
1246
Vermilion Energy
VET
$1.72B
| $5.27M | ﹤0.01% |
357,267
| – | – |
|
1247
BOK Financial
BOKF
$8.85B
| $5.27M | ﹤0.01% |
65,874
+400
| +0.6% | +$33.8K |
|
1248
Cathay General Bancorp
CATY
$4.31B
| $5.27M | ﹤0.01% |
151,500
+1,800
| +1% | +$64.3K |
|
1249
Sprout Social
SPT
$604M
| $5.26M | ﹤0.01% |
105,541
+1,100
| +1% | +$55.2K |
|
1250
Tanger
SKT
$4.42B
| $5.23M | ﹤0.01% |
231,300
+2,000
| +0.9% | +$46.6K |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.