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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.44% |
| 2 | Healthcare | 15.88% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.98% |
| 5 | Industrials | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Federal Signal
FSS
$7.51B
| $5.14M | ﹤0.01% |
144,400
| – | – |
|
1302
O-I Glass
OI
$1.05B
| $5.13M | ﹤0.01% |
366,524
-4,300
| -1% | -$61.8K |
|
1303
United Parks & Resorts
PRKS
$2.01B
| $5.12M | ﹤0.01% |
115,900
-2,800
| -2% | -$163K |
|
1304
Privia Health
PRVA
$2.75B
| $5.11M | ﹤0.01% |
175,600
+11,900
| +7% | +$303K |
|
1305
Hain Celestial
HAIN
$53.9M
| $5.11M | ﹤0.01% |
215,214
-8,500
| -4% | -$242K |
|
|
TRQ
1306
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $5.11M | ﹤0.01% |
190,910
-48,500
| -20% | -$1.37M |
|
1307
Nu Skin
NUS
$236M
| $5.1M | ﹤0.01% |
117,800
| – | – |
|
1308
Virtu Financial
VIRT
$5.04B
| $5.1M | ﹤0.01% |
217,900
+18,700
| +9% | +$535K |
|
|
LAC
1309
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $5.09M | ﹤0.01% |
253,200
-800
| -0.3% | -$20.4K |
|
1310
Helios Technologies
HLIO
$2.66B
| $5.05M | ﹤0.01% |
76,300
+3,500
| +5% | +$243K |
|
|
PRMW
1311
DELISTED
Primo Water Corporation
PRMW
| $5.05M | ﹤0.01% |
378,948
+16,200
| +4% | +$228K |
|
1312
CNO Financial Group
CNO
$5.02B
| $5.05M | ﹤0.01% |
279,000
-12,600
| -4% | -$269K |
|
1313
Herc Holdings
HRI
$5.64B
| $5.04M | ﹤0.01% |
55,946
+6,800
| +14% | +$817K |
|
1314
Four Corners Property Trust
FCPT
$2.74B
| $5.03M | ﹤0.01% |
189,307
+6,400
| +3% | +$174K |
|
1315
Glaukos
GKOS
$11.2B
| $5.03M | ﹤0.01% |
110,800
| – | – |
|
1316
Navient
NAVI
$867M
| $5.01M | ﹤0.01% |
358,300
-22,800
| -6% | -$355K |
|
1317
California Resources
CRC
$4.69B
| $5M | ﹤0.01% |
129,900
+34,900
| +37% | +$1.5M |
|
1318
Chord Energy
CHRD
$7.35B
| $5M | ﹤0.01% |
41,100
-5,600
| -12% | -$820K |
|
1319
Kadant
KAI
$3.91B
| $5M | ﹤0.01% |
27,400
-100
| -0.4% | -$18.6K |
|
1320
Hecla Mining
HL
$11.9B
| $4.99M | ﹤0.01% |
1,272,562
| – | – |
|
1321
John Wiley & Sons Class A
WLY
$2.63B
| $4.99M | ﹤0.01% |
104,400
-800
| -0.8% | -$40.9K |
|
1322
Beam Therapeutics
BEAM
$2.74B
| $4.97M | ﹤0.01% |
128,500
+47,900
| +59% | +$1.9M |
|
1323
Outfront Media
OUT
$5.29B
| $4.96M | ﹤0.01% |
297,431
-52,424
| -15% | -$1.14M |
|
|
CMBT
1324
CMB.TECH NV
CMBT
$4.92B
| $4.96M | ﹤0.01% |
414,702
-27,523
| -6% | -$331K |
|
|
WIRE
1325
DELISTED
Encore Wire Corp
WIRE
| $4.96M | ﹤0.01% |
47,733
-200
| -0.4% | -$23.6K |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.