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 |
Alibaba
BABA
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.6% |
| 2 | Healthcare | 15.16% |
| 3 | Consumer Discretionary | 12.49% |
| 4 | Communication Services | 10.41% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CVSA
1326
Covista Inc
CVSA
$4.36B
| $3.68M | ﹤0.01% |
118,100
+13,000
| +12% | +$406K |
|
1327
Sunrun
RUN
$2.37B
| $3.68M | ﹤0.01% |
186,550
+37,700
| +25% | +$577K |
|
|
BZUN
1328
Baozun
BZUN
$164M
| $3.67M | ﹤0.01% |
95,491
+16,900
| +22% | +$531K |
|
1329
Shake Shack
SHAK
$2.94B
| $3.66M | ﹤0.01% |
69,100
+6,900
| +11% | +$349K |
|
1330
CareTrust REIT
CTRE
$9.18B
| $3.66M | ﹤0.01% |
213,149
+27,800
| +15% | +$485K |
|
|
BIG
1331
DELISTED
Big Lots, Inc.
BIG
| $3.66M | ﹤0.01% |
87,106
+11,400
| +15% | +$324K |
|
|
TRTN
1332
DELISTED
Triton International Limited
TRTN
| $3.65M | ﹤0.01% |
120,700
+22,600
| +23% | +$671K |
|
|
SFBS
1333
ServisFirst Bancshares
SFBS
$5B
| $3.65M | ﹤0.01% |
101,968
+13,700
| +16% | +$452K |
|
|
AQUA
1334
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $3.63M | ﹤0.01% |
195,200
+17,200
| +10% | +$285K |
|
|
VISN
1335
Vistance Networks Inc
VISN
$2.62B
| $3.62M | ﹤0.01% |
434,400
+57,700
| +15% | +$570K |
|
1336
Cardlytics
CDLX
$24.7M
| $3.62M | ﹤0.01% |
5,170
+1,180
| +30% | +$681K |
|
1337
Adeia
ADEA
$3.16B
| $3.61M | ﹤0.01% |
924,762
+561,504
| +155% | +$2.12M |
|
1338
Tenable Holdings
TENB
$4.41B
| $3.61M | ﹤0.01% |
121,100
+64,000
| +112% | +$1.74M |
|
1339
Minerals Technologies
MTX
$2.25B
| $3.61M | ﹤0.01% |
76,900
+9,300
| +14% | +$407K |
|
1340
CNX Resources
CNX
$5.23B
| $3.6M | ﹤0.01% |
416,658
+56,500
| +16% | +$568K |
|
|
CLR
1341
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $3.6M | ﹤0.01% |
205,600
-151,456
| -42% | -$2.13M |
|
1342
Cohen & Steers
CNS
$4.4B
| $3.59M | ﹤0.01% |
52,800
+7,000
| +15% | +$422K |
|
1343
Hamilton Lane
HLNE
$5.69B
| $3.59M | ﹤0.01% |
53,300
+12,800
| +32% | +$806K |
|
|
MGLN
1344
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.59M | ﹤0.01% |
49,200
+4,100
| +9% | +$262K |
|
1345
Fluor
FLR
$6.96B
| $3.59M | ﹤0.01% |
297,200
+39,000
| +15% | +$409K |
|
1346
Edgewell Personal Care
EPC
$1.32B
| $3.59M | ﹤0.01% |
115,100
+10,000
| +10% | +$280K |
|
1347
Tenet Healthcare
THC
$21.5B
| $3.58M | ﹤0.01% |
197,900
+26,600
| +16% | +$524K |
|
1348
HUB Group
HUBG
$2.46B
| $3.57M | ﹤0.01% |
149,000
+19,600
| +15% | +$453K |
|
1349
Jack in the Box
JACK
$358M
| $3.56M | ﹤0.01% |
48,100
+6,800
| +16% | +$419K |
|
1350
MACOM Technology Solutions
MTSI
$23.5B
| $3.56M | ﹤0.01% |
103,650
+13,900
| +15% | +$406K |
|
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Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.