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 | |
|---|---|---|---|---|---|---|
|
DEA
1351
Easterly Government Properties
DEA
$1.18B
| $3.81M | ﹤0.01% |
68,084
+1,040
| +2% | +$61.5K |
|
1352
Atlantic Union Bankshares
AUB
$6.14B
| $3.81M | ﹤0.01% |
178,347
+1,500
| +0.8% | +$34.1K |
|
|
RCM
1353
DELISTED
R1 RCM Inc. Common Stock
RCM
| $3.79M | ﹤0.01% |
221,300
+4,100
| +2% | +$59.9K |
|
1354
Dycom Industries
DY
$12.5B
| $3.79M | ﹤0.01% |
71,700
+1,300
| +2% | +$63K |
|
|
ALTR
1355
DELISTED
Altair Engineering Inc
ALTR
| $3.78M | ﹤0.01% |
90,000
+4,200
| +5% | +$169K |
|
|
CMD
1356
DELISTED
Cantel Medical Corporation
CMD
| $3.78M | ﹤0.01% |
85,950
+500
| +0.6% | +$24.6K |
|
|
ELME
1357
Elme Communities
ELME
$144M
| $3.76M | ﹤0.01% |
186,600
+3,300
| +2% | +$72K |
|
1358
Winnebago Industries
WGO
$896M
| $3.75M | ﹤0.01% |
72,600
+1,100
| +2% | +$63.4K |
|
|
COOP
1359
DELISTED
Mr. Cooper
COOP
| $3.72M | ﹤0.01% |
166,800
+4,100
| +3% | +$70.7K |
|
1360
Progress Software
PRGS
$1.81B
| $3.72M | ﹤0.01% |
101,500
+800
| +0.8% | +$29.1K |
|
1361
Cathay General Bancorp
CATY
$4.33B
| $3.71M | ﹤0.01% |
171,300
+2,200
| +1% | +$53.8K |
|
1362
Pebblebrook Hotel Trust
PEB
$2.06B
| $3.71M | ﹤0.01% |
296,312
+3,900
| +1% | +$46.8K |
|
1363
Navient
NAVI
$848M
| $3.71M | ﹤0.01% |
439,300
+7,700
| +2% | +$63.2K |
|
1364
BOK Financial
BOKF
$8.89B
| $3.69M | ﹤0.01% |
71,674
+800
| +1% | +$44K |
|
1365
Pacific Biosciences
PACB
$367M
| $3.69M | ﹤0.01% |
373,546
+66,100
| +21% | +$381K |
|
1366
Hancock Whitney
HWC
$6.42B
| $3.68M | ﹤0.01% |
195,600
+900
| +0.5% | +$17.6K |
|
|
X
1367
DELISTED
US Steel
X
| $3.67M | ﹤0.01% |
499,500
+9,900
| +2% | +$75K |
|
|
IBTX
1368
DELISTED
Independent Bank Group, Inc.
IBTX
| $3.66M | ﹤0.01% |
82,922
+1,400
| +2% | +$61.9K |
|
1369
Opko Health
OPK
$993M
| $3.64M | ﹤0.01% |
986,800
+21,100
| +2% | +$89.1K |
|
|
SAND
1370
DELISTED
Sandstorm Gold
SAND
| $3.64M | ﹤0.01% |
433,162
+34,500
| +9% | +$319K |
|
1371
Forward Air
FWRD
$663M
| $3.64M | ﹤0.01% |
63,400
+600
| +1% | +$32.9K |
|
1372
Bloom Energy
BE
$69.3B
| $3.64M | ﹤0.01% |
202,400
+50,500
| +33% | +$754K |
|
|
PMT
1373
PennyMac Mortgage Investment
PMT
$833M
| $3.64M | ﹤0.01% |
226,300
+2,300
| +1% | +$40.7K |
|
1374
First Citizens BancShares
FCNCA
$25.9B
| $3.63M | ﹤0.01% |
11,400
-300
| -3% | -$116K |
|
1375
Viasat
VSAT
$11.2B
| $3.63M | ﹤0.01% |
105,624
+1,600
| +2% | +$60.5K |
|
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.