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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.01% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.43% |
| 5 | Communication Services | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MINI
1301
DELISTED
Mobile Mini Inc
MINI
| $3.34M | ﹤0.01% |
76,800
+1,500
| +2% | +$61.1K |
|
1302
TriNet
TNET
$3.07B
| $3.34M | ﹤0.01% |
72,100
| – | – |
|
1303
Saia
SAIA
$10.1B
| $3.34M | ﹤0.01% |
44,400
+1,200
| +3% | +$89.2K |
|
|
PDCO
1304
DELISTED
Patterson Companies, Inc.
PDCO
| $3.34M | ﹤0.01% |
150,100
+3,300
| +2% | +$103K |
|
1305
MillerKnoll
MLKN
$1.64B
| $3.33M | ﹤0.01% |
104,200
+3,400
| +3% | +$129K |
|
1306
Chegg
CHGG
$88.9M
| $3.32M | ﹤0.01% |
160,900
+10,800
| +7% | +$204K |
|
1307
Hudbay
HBM
$11.8B
| $3.32M | ﹤0.01% |
469,900
+26,900
| +6% | +$225K |
|
|
ESV
1308
DELISTED
Ensco Rowan plc
ESV
| $3.31M | ﹤0.01% |
188,560
+4,250
| +2% | +$93.8K |
|
|
ARI
1309
Apollo Commercial Real Estate
ARI
$885M
| $3.31M | ﹤0.01% |
184,039
+4,500
| +3% | +$82.4K |
|
|
ARNA
1310
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $3.3M | ﹤0.01% |
83,630
+16,900
| +25% | +$657K |
|
|
BID
1311
DELISTED
Sotheby's
BID
| $3.3M | ﹤0.01% |
64,249
+2,500
| +4% | +$127K |
|
1312
Azenta
AZTA
$1.47B
| $3.29M | ﹤0.01% |
121,500
+4,700
| +4% | +$128K |
|
|
MGP
1313
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $3.29M | ﹤0.01% |
123,801
+7,200
| +6% | +$196K |
|
1314
Cogent Communications
CCOI
$525M
| $3.28M | ﹤0.01% |
75,600
| – | – |
|
|
LPNT
1315
DELISTED
LifePoint Health, Inc.
LPNT
| $3.28M | ﹤0.01% |
69,800
+2,200
| +3% | +$106K |
|
1316
EXL Service
EXLS
$5.36B
| $3.28M | ﹤0.01% |
293,840
+10,500
| +4% | +$125K |
|
1317
Towne Bank
TOWN
$3.49B
| $3.27M | ﹤0.01% |
114,515
+13,300
| +13% | +$400K |
|
1318
Terreno Realty
TRNO
$7.48B
| $3.27M | ﹤0.01% |
94,900
+5,700
| +6% | +$196K |
|
1319
Sanmina
SANM
$11.2B
| $3.26M | ﹤0.01% |
124,700
-5,300
| -4% | -$152K |
|
1320
RH
RH
$3.41B
| $3.25M | ﹤0.01% |
34,130
-19,500
| -36% | -$1.73M |
|
1321
WD-40
WDFC
$3.12B
| $3.23M | ﹤0.01% |
24,500
+1,000
| +4% | +$126K |
|
1322
WesBanco
WSBC
$4.07B
| $3.23M | ﹤0.01% |
76,300
| – | – |
|
|
WW
1323
DELISTED
WW International
WW
| $3.22M | ﹤0.01% |
50,500
+1,800
| +4% | +$115K |
|
1324
Emergent Biosolutions
EBS
$233M
| $3.22M | ﹤0.01% |
61,100
+2,400
| +4% | +$120K |
|
|
BIG
1325
DELISTED
Big Lots, Inc.
BIG
| $3.22M | ﹤0.01% |
73,906
-600
| -0.8% | -$32.9K |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.