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 | |
|---|---|---|---|---|---|---|
1251
Moelis & Co
MC
$5.21B
| $5.2M | ﹤0.01% |
153,700
+6,600
| +4% | +$276K |
|
1252
TransAlta
TAC
$3.99B
| $5.2M | ﹤0.01% |
583,000
+4,400
| +0.8% | +$45.2K |
|
1253
Hecla Mining
HL
$11.9B
| $5.19M | ﹤0.01% |
1,318,362
+45,800
| +4% | +$186K |
|
|
AIMC
1254
DELISTED
Altra Industrial Motion Corp
AIMC
| $5.19M | ﹤0.01% |
154,300
+800
| +0.5% | +$30.6K |
|
|
RVNC
1255
DELISTED
Revance Therapeutics, Inc.
RVNC
| $5.17M | ﹤0.01% |
191,550
+30,300
| +19% | +$615K |
|
1256
MP Materials
MP
$9.91B
| $5.17M | ﹤0.01% |
189,400
+800
| +0.4% | +$26.1K |
|
1257
Navient
NAVI
$867M
| $5.15M | ﹤0.01% |
350,700
-7,600
| -2% | -$116K |
|
|
VRNT
1258
DELISTED
Verint Systems
VRNT
| $5.15M | ﹤0.01% |
153,400
-1,300
| -0.8% | -$56.7K |
|
1259
APi Group
APG
$18.8B
| $5.14M | ﹤0.01% |
580,650
+6,450
| +1% | +$68.7K |
|
1260
Verra Mobility
VRRM
$731M
| $5.12M | ﹤0.01% |
333,400
+2,500
| +0.8% | +$40.6K |
|
1261
United Parks & Resorts
PRKS
$2.04B
| $5.1M | ﹤0.01% |
112,000
-3,900
| -3% | -$194K |
|
1262
Legend Biotech
LEGN
$3.93B
| $5.1M | ﹤0.01% |
124,894
+3,000
| +2% | +$141K |
|
|
THS
1263
DELISTED
Treehouse Foods
THS
| $5.07M | ﹤0.01% |
119,551
+1,200
| +1% | +$53.8K |
|
1264
Ameresco
AMRC
$1.47B
| $5.07M | ﹤0.01% |
76,200
+1,100
| +1% | +$67.5K |
|
1265
Howard Hughes
HHH
$4.04B
| $5.06M | ﹤0.01% |
95,774
-6,713
| -7% | -$429K |
|
1266
Commault Systems
CVLT
$6.26B
| $5.05M | ﹤0.01% |
95,200
+700
| +0.7% | +$39.7K |
|
1267
Innospec
IOSP
$2.31B
| $5.04M | ﹤0.01% |
58,803
+500
| +0.9% | +$47.2K |
|
1268
Coty
COTY
$2.42B
| $5.03M | ﹤0.01% |
796,001
+5,700
| +0.7% | +$43.1K |
|
1269
Plains GP Holdings
PAGP
$5.04B
| $5.02M | ﹤0.01% |
460,534
+3,300
| +0.7% | +$37.8K |
|
1270
Outfront Media
OUT
$5.24B
| $5.02M | ﹤0.01% |
335,835
+38,404
| +13% | +$677K |
|
1271
Palomar
PLMR
$3.37B
| $5.01M | ﹤0.01% |
59,900
| – | – |
|
1272
Hamilton Lane
HLNE
$5.91B
| $5.01M | ﹤0.01% |
84,000
+800
| +1% | +$56.5K |
|
1273
Graham Holdings Company
GHC
$4.97B
| $5M | ﹤0.01% |
9,300
| – | – |
|
|
PDCO
1274
DELISTED
Patterson Companies, Inc.
PDCO
| $5M | ﹤0.01% |
208,300
+1,400
| +0.7% | +$40.1K |
|
1275
J&J Snack Foods
JJSF
$1.7B
| $5M | ﹤0.01% |
38,600
+300
| +0.8% | +$42.6K |
|
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.