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 |
Apple
AAPL
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.52% |
| 2 | Healthcare | 15.94% |
| 3 | Consumer Discretionary | 11.41% |
| 4 | Communication Services | 10.51% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
McGrath RentCorp
MGRC
$2.94B
| $2.47M | ﹤0.01% |
47,100
+700
| +2% | +$49.2K |
|
1327
Tenet Healthcare
THC
$21.5B
| $2.47M | ﹤0.01% |
171,300
+3,000
| +2% | +$86.1K |
|
|
NVTA
1328
DELISTED
Invitae Corporation
NVTA
| $2.47M | ﹤0.01% |
180,500
+7,400
| +4% | +$135K |
|
|
WPX
1329
DELISTED
WPX Energy, Inc.
WPX
| $2.47M | ﹤0.01% |
808,600
| – | – |
|
|
ZGNX
1330
DELISTED
Zogenix, Inc.
ZGNX
| $2.46M | ﹤0.01% |
99,500
+22,200
| +29% | +$808K |
|
1331
Minerals Technologies
MTX
$2.26B
| $2.45M | ﹤0.01% |
67,600
+500
| +0.7% | +$24.2K |
|
1332
Yelp
YELP
$1.32B
| $2.45M | ﹤0.01% |
135,964
| – | – |
|
1333
Mueller Water Products
MWA
$3.98B
| $2.45M | ﹤0.01% |
305,700
+4,500
| +1% | +$49.5K |
|
1334
Innovative Industrial Properties
IIPR
$1.67B
| $2.44M | ﹤0.01% |
32,200
+10,600
| +49% | +$895K |
|
1335
Pacira BioSciences
PCRX
$924M
| $2.44M | ﹤0.01% |
72,800
+1,100
| +2% | +$45.7K |
|
1336
PRA Group
PRAA
$762M
| $2.44M | ﹤0.01% |
88,000
+1,100
| +1% | +$38.3K |
|
1337
Cavco Industries
CVCO
$4.67B
| $2.44M | ﹤0.01% |
16,800
+200
| +1% | +$39.3K |
|
1338
Kratos Defense & Security Solutions
KTOS
$11.8B
| $2.42M | ﹤0.01% |
175,200
+2,600
| +2% | +$44.8K |
|
1339
AMERISAFE
AMSF
$504M
| $2.41M | ﹤0.01% |
37,400
+500
| +1% | +$32.8K |
|
1340
Green Dot
GDOT
$770M
| $2.41M | ﹤0.01% |
94,900
+700
| +0.7% | +$20.1K |
|
|
CSII
1341
DELISTED
Cardiovascular Systems, Inc.
CSII
| $2.4M | ﹤0.01% |
68,300
+800
| +1% | +$33.7K |
|
|
UFS
1342
DELISTED
DOMTAR CORPORATION (New)
UFS
| $2.4M | ﹤0.01% |
111,100
-8,700
| -7% | -$277K |
|
1343
WSFS Financial
WSFS
$4.17B
| $2.4M | ﹤0.01% |
96,340
| – | – |
|
1344
Rambus
RMBS
$10.8B
| $2.4M | ﹤0.01% |
216,200
+3,400
| +2% | +$47.1K |
|
1345
Kodiak Sciences
KOD
$2.5B
| $2.39M | ﹤0.01% |
50,100
+800
| +2% | +$48K |
|
1346
Safety Insurance
SAFT
$1.52B
| $2.39M | ﹤0.01% |
28,300
+300
| +1% | +$26.2K |
|
1347
Wolverine World Wide
WWW
$1.63B
| $2.38M | ﹤0.01% |
156,900
-6,300
| -4% | -$173K |
|
|
LTC
1348
LTC Properties
LTC
$2.1B
| $2.38M | ﹤0.01% |
77,062
+1,000
| +1% | +$42.7K |
|
|
CUB
1349
DELISTED
Cubic Corporation
CUB
| $2.38M | ﹤0.01% |
57,600
+1,000
| +2% | +$57.8K |
|
1350
Knowles
KN
$3.23B
| $2.38M | ﹤0.01% |
177,500
+3,100
| +2% | +$53.9K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.