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 |
Northrop Grumman
NOC
|
+$305M |
| 2 |
Prologis
PLD
|
+$97.9M |
| 3 |
Carlisle Companies
CSL
|
+$29.2M |
| 4 |
Healthcare Realty
HR
|
+$28.7M |
| 5 |
Gaming and Leisure Properties
GLPI
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$102M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$91.2M |
| 3 |
Chevron
CVX
|
+$54.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$52.9M |
| 5 |
Microsoft
MSFT
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.12% |
| 2 | Healthcare | 15.83% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Industrials | 8.88% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
e.l.f. Beauty
ELF
$5.43B
| $4.43M | ﹤0.01% |
117,800
+1,100
| +0.9% | +$39.7K |
|
1352
Progress Software
PRGS
$1.83B
| $4.43M | ﹤0.01% |
104,100
| – | – |
|
1353
DigitalBridge
DBRG
$2.94B
| $4.43M | ﹤0.01% |
353,925
+18,900
| +6% | +$364K |
|
|
JWN
1354
DELISTED
Nordstrom
JWN
| $4.43M | ﹤0.01% |
264,600
+1,600
| +0.6% | +$33.4K |
|
1355
Semtech
SMTC
$12.4B
| $4.43M | ﹤0.01% |
150,500
-1,300
| -0.9% | -$60.9K |
|
1356
Piper Sandler
PIPR
$5.54B
| $4.42M | ﹤0.01% |
168,800
-2,800
| -2% | -$81.5K |
|
1357
Virtu Financial
VIRT
$5.05B
| $4.41M | ﹤0.01% |
212,300
-5,600
| -3% | -$128K |
|
1358
Seacoast Banking Corp of Florida
SBCF
$3.48B
| $4.4M | ﹤0.01% |
145,600
+1,400
| +1% | +$46.7K |
|
|
FOCS
1359
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $4.4M | ﹤0.01% |
139,500
+1,000
| +0.7% | +$38.2K |
|
1360
Towne Bank
TOWN
$3.5B
| $4.39M | ﹤0.01% |
163,715
+1,100
| +0.7% | +$31.6K |
|
1361
Lakeland Financial Corp
LKFN
$1.56B
| $4.38M | ﹤0.01% |
60,150
+300
| +0.5% | +$22.4K |
|
1362
Q2 Holdings
QTWO
$4.13B
| $4.37M | ﹤0.01% |
135,600
+1,400
| +1% | +$57K |
|
|
HTLF
1363
DELISTED
Heartland Financial USA, Inc.
HTLF
| $4.36M | ﹤0.01% |
100,500
+900
| +0.9% | +$39.9K |
|
1364
Axos Financial
AX
$5.72B
| $4.36M | ﹤0.01% |
127,300
+700
| +0.6% | +$28.3K |
|
1365
First Majestic Silver
AG
$9.26B
| $4.33M | ﹤0.01% |
562,400
+14,500
| +3% | +$108K |
|
1366
Carvana
CVNA
$81B
| $4.33M | ﹤0.01% |
1,066,500
-994,525
| -48% | -$6.49M |
|
1367
PagerDuty
PD
$932M
| $4.32M | ﹤0.01% |
187,200
+4,900
| +3% | +$126K |
|
1368
OR Royalties Inc
OR
$6.15B
| $4.32M | ﹤0.01% |
420,330
+3,200
| +0.8% | +$32.1K |
|
1369
Artisan Partners
APAM
$3.03B
| $4.3M | ﹤0.01% |
159,800
+3,100
| +2% | +$109K |
|
1370
New Fortress Energy
NFE
$93M
| $4.3M | ﹤0.01% |
98,400
+900
| +0.9% | +$45.2K |
|
|
CIXX
1371
DELISTED
CI Financial Corp.
CIXX
| $4.3M | ﹤0.01% |
444,600
-3,600
| -0.8% | -$39.9K |
|
1372
Supernus Pharmaceuticals
SUPN
$2.74B
| $4.29M | ﹤0.01% |
126,700
+1,000
| +0.8% | +$32.5K |
|
1373
Quaker Houghton
KWR
$2.95B
| $4.29M | ﹤0.01% |
29,700
+200
| +0.7% | +$32.8K |
|
|
ARNC
1374
DELISTED
Arconic Corporation
ARNC
| $4.27M | ﹤0.01% |
250,800
+3,400
| +1% | +$88.2K |
|
1375
Northern Oil and Gas
NOG
$2.61B
| $4.27M | ﹤0.01% |
155,900
+4,400
| +3% | +$124K |
|
Similar funds
Swiss National Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Swiss National Bank held 2,744 positions worth $140B, down 5.4% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 1.2%. Swiss National Bank opened 4 new positions and exited 30, leaving the 2,744-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2022 buy was Northrop Grumman: 639,945 shares worth $301M.
- Swiss National Bank added most to Prologis in Q3 2022, an estimated $97.9M increase.
- Swiss National Bank's biggest Q3 2022 reduction was Apple, cutting an estimated $102M.
- Swiss National Bank fully exited Duke Realty Corp. in Q3 2022, selling an estimated $91.2M.
- Swiss National Bank's ten largest holdings make up 26% of its $140B portfolio in Q3 2022.
- Swiss National Bank opened 4 new positions and closed 30 in Q3 2022.
- Swiss National Bank's portfolio value fell 5.4% quarter-over-quarter to $140B.
Based on Swiss National Bank's 13F filing for Q3 2022, filed 9 Nov 2022.