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 |
Alibaba
BABA
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
CoreCivic
CXW
$3.13B
| $3.87M | ﹤0.01% |
224,118
+3,300
| +1% | +$58K |
|
1252
Commercial Metals
CMC
$7.98B
| $3.86M | ﹤0.01% |
221,900
+3,000
| +1% | +$51.3K |
|
|
CVA
1253
DELISTED
Covanta Holding Corporation
CVA
| $3.85M | ﹤0.01% |
222,600
+3,100
| +1% | +$53.5K |
|
1254
Cleveland-Cliffs
CLF
$6.93B
| $3.84M | ﹤0.01% |
532,300
-12,200
| -2% | -$110K |
|
1255
Tencent Music
TME
$14.2B
| $3.84M | ﹤0.01% |
299,498
-132,733
| -31% | -$1.87M |
|
1256
Adient
ADNT
$1.54B
| $3.83M | ﹤0.01% |
166,998
+1,700
| +1% | +$38.8K |
|
|
LTC
1257
LTC Properties
LTC
$2.1B
| $3.83M | ﹤0.01% |
74,862
+1,000
| +1% | +$48.2K |
|
1258
WesBanco
WSBC
$4.1B
| $3.83M | ﹤0.01% |
102,600
+1,100
| +1% | +$39.9K |
|
|
PVG
1259
DELISTED
PRETIUM RESOURCES INC.
PVG
| $3.82M | ﹤0.01% |
331,648
+3,800
| +1% | +$45.1K |
|
|
IMMU
1260
DELISTED
Immunomedics Inc
IMMU
| $3.82M | ﹤0.01% |
288,350
+4,100
| +1% | +$60.3K |
|
1261
Halozyme
HALO
$11.4B
| $3.82M | ﹤0.01% |
246,500
+3,600
| +1% | +$59.3K |
|
|
PRO
1262
DELISTED
PROS Holdings
PRO
| $3.82M | ﹤0.01% |
64,100
+1,300
| +2% | +$87.6K |
|
|
WCC
1263
WESCO International
WCC
$17.5B
| $3.82M | ﹤0.01% |
79,900
| – | – |
|
1264
Simply Good Foods
SMPL
$989M
| $3.79M | ﹤0.01% |
130,800
+1,300
| +1% | +$36.3K |
|
1265
Liberty Latin America Class C
LILAK
$1.65B
| $3.79M | ﹤0.01% |
258,990
+3,621
| +1% | +$52.1K |
|
1266
Hain Celestial
HAIN
$53.9M
| $3.78M | ﹤0.01% |
176,114
+1,800
| +1% | +$37.7K |
|
1267
Towne Bank
TOWN
$3.5B
| $3.78M | ﹤0.01% |
136,015
+1,400
| +1% | +$38.1K |
|
1268
John Wiley & Sons Class A
WLY
$2.63B
| $3.77M | ﹤0.01% |
85,700
+600
| +0.7% | +$26.8K |
|
|
CBM
1269
DELISTED
Cambrex Corporation
CBM
| $3.77M | ﹤0.01% |
63,300
+800
| +1% | +$42.8K |
|
1270
Pilgrim's Pride
PPC
$6.57B
| $3.76M | ﹤0.01% |
117,300
+1,500
| +1% | +$43.6K |
|
1271
Boyd Gaming
BYD
$6.05B
| $3.75M | ﹤0.01% |
156,600
| – | – |
|
1272
8x8 Inc
EGHT
$303M
| $3.74M | ﹤0.01% |
180,700
+2,800
| +2% | +$67.8K |
|
1273
Tower Semiconductor
TSEM
$28.6B
| $3.74M | ﹤0.01% |
189,874
+4,306
| +2% | +$80.4K |
|
1274
Insight Enterprises
NSIT
$4.6B
| $3.74M | ﹤0.01% |
67,100
+1,100
| +2% | +$58.2K |
|
1275
Asbury Automotive
ABG
$3.78B
| $3.73M | ﹤0.01% |
36,500
| – | – |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.