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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.46% |
| 2 | Healthcare | 14.88% |
| 3 | Consumer Discretionary | 13.74% |
| 4 | Communication Services | 10.42% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Minerals Technologies
MTX
$2.25B
| $3.95M | ﹤0.01% |
77,300
+400
| +0.5% | +$19.8K |
|
|
CIT
1327
DELISTED
CIT Group Inc.
CIT
| $3.95M | ﹤0.01% |
222,900
+3,400
| +2% | +$64.9K |
|
1328
Medifast
MED
$130M
| $3.95M | ﹤0.01% |
24,000
+600
| +3% | +$98.8K |
|
1329
Graham Holdings Company
GHC
$5B
| $3.92M | ﹤0.01% |
9,700
| – | – |
|
1330
Simmons First National
SFNC
$3.46B
| $3.92M | ﹤0.01% |
246,986
-6,700
| -3% | -$112K |
|
1331
Independent Bank
INDB
$4.07B
| $3.91M | ﹤0.01% |
74,678
-2,000
| -3% | -$124K |
|
|
ISBC
1332
DELISTED
Investors Bancorp, Inc.
ISBC
| $3.91M | ﹤0.01% |
538,676
+14,100
| +3% | +$112K |
|
|
PPBI
1333
DELISTED
Pacific Premier Bancorp
PPBI
| $3.88M | ﹤0.01% |
192,757
+1,900
| +1% | +$40.3K |
|
1334
Cardlytics
CDLX
$24.6M
| $3.88M | ﹤0.01% |
5,500
+330
| +6% | +$240K |
|
1335
Sunstone Hotel Investors
SHO
$2.03B
| $3.88M | ﹤0.01% |
488,749
-13,800
| -3% | -$109K |
|
|
B
1336
DELISTED
Barnes Group Inc.
B
| $3.88M | ﹤0.01% |
108,600
+800
| +0.7% | +$30.4K |
|
1337
Editas Medicine
EDIT
$428M
| $3.88M | ﹤0.01% |
138,200
+1,700
| +1% | +$55.4K |
|
|
CALY
1338
Callaway Golf Company
CALY
$2.95B
| $3.88M | ﹤0.01% |
202,600
+3,000
| +2% | +$56.4K |
|
|
BECN
1339
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.88M | ﹤0.01% |
124,800
+1,900
| +2% | +$57.3K |
|
|
PDM
1340
Piedmont Realty Trust
PDM
$1.19B
| $3.87M | ﹤0.01% |
285,400
+4,400
| +2% | +$68.2K |
|
1341
Jack in the Box
JACK
$334M
| $3.87M | ﹤0.01% |
48,800
+700
| +1% | +$56.3K |
|
1342
Columbia Banking Systems
COLB
$9.22B
| $3.87M | ﹤0.01% |
162,207
+1,200
| +0.7% | +$33.1K |
|
1343
CareTrust REIT
CTRE
$9.22B
| $3.86M | ﹤0.01% |
216,949
+3,800
| +2% | +$69.1K |
|
|
MGLN
1344
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.86M | ﹤0.01% |
50,900
+1,700
| +3% | +$126K |
|
1345
TransAlta
TAC
$4.04B
| $3.85M | ﹤0.01% |
628,400
-6,700
| -1% | -$42K |
|
1346
Hilton Grand Vacations
HGV
$3.56B
| $3.84M | ﹤0.01% |
182,960
+1,700
| +0.9% | +$36.2K |
|
1347
Genworth Financial
GNW
$3.82B
| $3.83M | ﹤0.01% |
1,144,886
+19,900
| +2% | +$53K |
|
|
NSTG
1348
DELISTED
NanoString Technologies, Inc.
NSTG
| $3.82M | ﹤0.01% |
85,500
+2,900
| +4% | +$113K |
|
1349
Essential Properties Realty Trust
EPRT
$6.73B
| $3.82M | ﹤0.01% |
208,500
+3,300
| +2% | +$55.9K |
|
1350
HUB Group
HUBG
$2.51B
| $3.81M | ﹤0.01% |
152,000
+3,000
| +2% | +$77.6K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.