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 |
Bristol-Myers Squibb
BMY
|
+$114M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$31.3M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$26.4M |
| 4 |
Tyler Technologies
TYL
|
+$25M |
| 5 |
Brown & Brown
BRO
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$249M |
| 2 |
CELG
Celgene Corp
CELG
|
+$231M |
| 3 |
Microsoft
MSFT
|
+$171M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
Amazon
AMZN
|
+$99.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.49% |
| 2 | Healthcare | 14.66% |
| 3 | Consumer Discretionary | 11.66% |
| 4 | Communication Services | 10.19% |
| 5 | Industrials | 9.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
Four Corners Property Trust
FCPT
$2.74B
| $3.69M | ﹤0.01% |
131,007
+2,300
| +2% | +$64.3K |
|
1352
Knowles
KN
$3.33B
| $3.69M | ﹤0.01% |
174,400
+3,700
| +2% | +$79.5K |
|
|
CVSA
1353
Covista Inc
CVSA
$4.36B
| $3.67M | ﹤0.01% |
105,100
-1,400
| -1% | -$48.2K |
|
1354
Freshpet
FRPT
$3.48B
| $3.67M | ﹤0.01% |
62,150
+1,600
| +3% | +$85.2K |
|
|
CPE
1355
DELISTED
Callon Petroleum Company
CPE
| $3.67M | ﹤0.01% |
75,919
+33,089
| +77% | +$1.37M |
|
1356
Commault Systems
CVLT
$6.26B
| $3.67M | ﹤0.01% |
82,100
+400
| +0.5% | +$18.9K |
|
|
BMCH
1357
DELISTED
BMC Stock Holdings, Inc
BMCH
| $3.66M | ﹤0.01% |
127,619
+2,600
| +2% | +$73.1K |
|
|
TCO
1358
DELISTED
Taubman Centers Inc.
TCO
| $3.64M | ﹤0.01% |
117,200
+2,100
| +2% | +$72K |
|
|
IBTX
1359
DELISTED
Independent Bank Group, Inc.
IBTX
| $3.64M | ﹤0.01% |
65,722
| – | – |
|
|
CALY
1360
Callaway Golf Company
CALY
$2.95B
| $3.63M | ﹤0.01% |
171,200
+4,100
| +2% | +$84K |
|
1361
Essential Properties Realty Trust
EPRT
$6.62B
| $3.63M | ﹤0.01% |
146,100
+9,200
| +7% | +$231K |
|
|
SAIL
1362
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $3.63M | ﹤0.01% |
153,600
+3,800
| +3% | +$83.1K |
|
|
MDC
1363
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.62M | ﹤0.01% |
102,447
+2,376
| +2% | +$89.4K |
|
1364
Adient
ADNT
$1.44B
| $3.62M | ﹤0.01% |
170,298
+3,300
| +2% | +$73.2K |
|
1365
Badger Meter
BMI
$3.91B
| $3.62M | ﹤0.01% |
55,700
+1,100
| +2% | +$65.3K |
|
1366
Walker & Dunlop
WD
$1.45B
| $3.61M | ﹤0.01% |
55,800
+600
| +1% | +$38K |
|
1367
Mueller Water Products
MWA
$4.09B
| $3.61M | ﹤0.01% |
301,200
+3,900
| +1% | +$44.5K |
|
1368
Atkore
ATKR
$3.17B
| $3.6M | ﹤0.01% |
89,100
+2,300
| +3% | +$85.1K |
|
1369
Laureate Education
LAUR
$5.1B
| $3.6M | ﹤0.01% |
204,700
+22,200
| +12% | +$366K |
|
1370
Hope Bancorp
HOPE
$1.83B
| $3.6M | ﹤0.01% |
242,457
+4,800
| +2% | +$69.7K |
|
|
CUB
1371
DELISTED
Cubic Corporation
CUB
| $3.6M | ﹤0.01% |
56,600
+1,100
| +2% | +$74.4K |
|
1372
Progress Software
PRGS
$1.79B
| $3.56M | ﹤0.01% |
85,600
+1,600
| +2% | +$65K |
|
1373
McGrath RentCorp
MGRC
$2.94B
| $3.55M | ﹤0.01% |
46,400
+1,000
| +2% | +$72.6K |
|
1374
O-I Glass
OI
$1.04B
| $3.55M | ﹤0.01% |
297,624
+6,300
| +2% | +$62.9K |
|
1375
Penske Automotive Group
PAG
$14.3B
| $3.55M | ﹤0.01% |
70,700
-400
| -0.6% | -$19.8K |
|
Similar funds
Swiss National Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Swiss National Bank held 2,602 positions worth $97.5B, up 3.6% from $94.1B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Swiss National Bank withdrew a net $3.98B in Q4 2019, closing 96 positions and reducing 725 holdings. Its most notable exit was Celgene Corp, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Match Group worth $14.7M.
- Swiss National Bank's largest Q4 2019 buy was Match Group: 179,200 shares worth $14.7M.
- Swiss National Bank added most to Bristol-Myers Squibb in Q4 2019, an estimated $114M increase.
- Swiss National Bank's biggest Q4 2019 reduction was Apple, cutting an estimated $249M.
- Swiss National Bank fully exited Celgene Corp in Q4 2019, selling an estimated $231M.
- Swiss National Bank's ten largest holdings make up 19% of its $97.5B portfolio in Q4 2019.
- Swiss National Bank opened 82 new positions and closed 96 in Q4 2019.
- Swiss National Bank's portfolio value rose 3.6% quarter-over-quarter to $97.5B.
Based on Swiss National Bank's 13F filing for Q4 2019, filed 6 Feb 2020.