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 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Kratos Defense & Security Solutions
KTOS
$12B
| $3.76M | ﹤0.01% |
164,100
+3,400
| +2% | +$64.1K |
|
|
WAGE
1302
DELISTED
WageWorks, Inc.
WAGE
| $3.75M | ﹤0.01% |
73,800
+1,600
| +2% | +$75.7K |
|
1303
KB Home
KBH
$3.54B
| $3.75M | ﹤0.01% |
145,600
+600
| +0.4% | +$15.4K |
|
1304
Evertec
EVTC
$1.76B
| $3.74M | ﹤0.01% |
114,474
+1,800
| +2% | +$52.9K |
|
1305
Oceaneering
OII
$5.05B
| $3.74M | ﹤0.01% |
183,348
+3,700
| +2% | +$65.5K |
|
1306
Northwest Natural Holdings
NWN
$2.12B
| $3.73M | ﹤0.01% |
53,700
+1,100
| +2% | +$74.4K |
|
1307
LXP Industrial Trust
LXP
$3.58B
| $3.7M | ﹤0.01% |
78,720
+1,200
| +2% | +$55.4K |
|
|
MDRX
1308
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.7M | ﹤0.01% |
318,400
| – | – |
|
|
IPHI
1309
DELISTED
INPHI CORPORATION
IPHI
| $3.7M | ﹤0.01% |
73,900
+1,600
| +2% | +$74.5K |
|
1310
Urban Edge Properties
UE
$2.73B
| $3.69M | ﹤0.01% |
212,809
+4,500
| +2% | +$82K |
|
|
LTXB
1311
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.68M | ﹤0.01% |
90,400
+6,500
| +8% | +$255K |
|
1312
NETSCOUT
NTCT
$2.81B
| $3.68M | ﹤0.01% |
144,828
+2,400
| +2% | +$64.5K |
|
1313
Towne Bank
TOWN
$3.46B
| $3.67M | ﹤0.01% |
134,615
+15,900
| +13% | +$420K |
|
1314
NeoGenomics
NEO
$2.12B
| $3.67M | ﹤0.01% |
167,200
+3,700
| +2% | +$81.2K |
|
1315
Progress Software
PRGS
$1.77B
| $3.66M | ﹤0.01% |
84,000
+10,400
| +14% | +$451K |
|
|
NVRO
1316
DELISTED
NEVRO CORP.
NVRO
| $3.66M | ﹤0.01% |
56,500
+7,000
| +14% | +$436K |
|
|
DHC
1317
Diversified Healthcare Trust
DHC
$1.98B
| $3.66M | ﹤0.01% |
442,400
+9,200
| +2% | +$76.6K |
|
1318
Cimpress
CMPR
$2.32B
| $3.65M | ﹤0.01% |
40,200
-2,100
| -5% | -$189K |
|
|
PDCO
1319
DELISTED
Patterson Companies, Inc.
PDCO
| $3.64M | ﹤0.01% |
159,000
+3,400
| +2% | +$75.6K |
|
|
ROIC
1320
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.63M | ﹤0.01% |
212,100
+4,400
| +2% | +$76.2K |
|
1321
Builders FirstSource
BLDR
$8.08B
| $3.61M | ﹤0.01% |
214,100
+5,000
| +2% | +$74.8K |
|
1322
OSI Systems
OSIS
$3.84B
| $3.6M | ﹤0.01% |
32,000
+600
| +2% | +$60.5K |
|
|
PRA
1323
DELISTED
ProAssurance
PRA
| $3.6M | ﹤0.01% |
99,800
+2,100
| +2% | +$78.1K |
|
1324
Alarm.com
ALRM
$2.77B
| $3.58M | ﹤0.01% |
67,000
+10,100
| +18% | +$623K |
|
|
IBTX
1325
DELISTED
Independent Bank Group, Inc.
IBTX
| $3.58M | ﹤0.01% |
65,222
+1,700
| +3% | +$92.4K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
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 Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.