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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Fastly Inc
FSLY
$4.78B
| $4.82M | ﹤0.01% |
251,300
+5,500
| +2% | +$107K |
|
1302
Energizer
ENR
$1.55B
| $4.78M | ﹤0.01% |
149,225
+1,500
| +1% | +$51.4K |
|
|
VRTV
1303
DELISTED
VERITIV CORPORATION
VRTV
| $4.78M | ﹤0.01% |
28,300
+300
| +1% | +$46.5K |
|
1304
Highwoods Properties
HIW
$3.51B
| $4.78M | ﹤0.01% |
231,902
+2,300
| +1% | +$54.6K |
|
1305
Shake Shack
SHAK
$2.98B
| $4.78M | ﹤0.01% |
82,300
+900
| +1% | +$64K |
|
1306
ScottsMiracle-Gro
SMG
$3.59B
| $4.78M | ﹤0.01% |
92,400
+1,100
| +1% | +$63.7K |
|
1307
Douglas Emmett
DEI
$1.99B
| $4.76M | ﹤0.01% |
373,300
-9,500
| -2% | -$128K |
|
1308
Independent Bank
INDB
$4.05B
| $4.76M | ﹤0.01% |
96,978
+400
| +0.4% | +$21.3K |
|
1309
Simmons First National
SFNC
$3.46B
| $4.75M | ﹤0.01% |
279,886
+2,800
| +1% | +$50.5K |
|
1310
Atlantic Union Bankshares
AUB
$6.09B
| $4.74M | ﹤0.01% |
164,847
+1,600
| +1% | +$47.6K |
|
1311
Melco Resorts & Entertainment
MLCO
$2.14B
| $4.74M | ﹤0.01% |
479,547
-12,800
| -3% | -$148K |
|
1312
Bloomin' Brands
BLMN
$924M
| $4.72M | ﹤0.01% |
191,900
+1,100
| +0.6% | +$29.2K |
|
1313
InterDigital
IDCC
$8.88B
| $4.72M | ﹤0.01% |
58,800
-5,800
| -9% | -$504K |
|
1314
Expro Ltd
XPRO
$2.1B
| $4.71M | ﹤0.01% |
202,900
+1,200
| +0.6% | +$27.1K |
|
1315
NMI Holdings
NMIH
$3.42B
| $4.71M | ﹤0.01% |
173,874
+1,200
| +0.7% | +$33.4K |
|
|
CPE
1316
DELISTED
Callon Petroleum Company
CPE
| $4.69M | ﹤0.01% |
119,800
-900
| -0.7% | -$33.2K |
|
1317
Privia Health
PRVA
$2.78B
| $4.68M | ﹤0.01% |
203,400
-35,900
| -15% | -$913K |
|
1318
Innovative Industrial Properties
IIPR
$1.67B
| $4.67M | ﹤0.01% |
61,700
+700
| +1% | +$56K |
|
|
HCP
1319
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $4.65M | ﹤0.01% |
203,500
+15,600
| +8% | +$424K |
|
1320
LGI Homes
LGIH
$1.37B
| $4.63M | ﹤0.01% |
46,581
+500
| +1% | +$62.1K |
|
1321
QuantumScape Corp
QS
$3.79B
| $4.63M | ﹤0.01% |
692,500
+103,800
| +18% | +$845K |
|
1322
Hayward Holdings
HAYW
$3.24B
| $4.62M | ﹤0.01% |
327,500
+119,000
| +57% | +$1.63M |
|
1323
Materion
MTRN
$5.88B
| $4.62M | ﹤0.01% |
45,300
+400
| +0.9% | +$43.7K |
|
|
CCC
1324
CCC Intelligent Solutions
CCC
$4.19B
| $4.61M | ﹤0.01% |
345,300
+3,700
| +1% | +$40.6K |
|
1325
Graham Holdings Company
GHC
$4.97B
| $4.61M | ﹤0.01% |
7,900
| – | – |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.