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 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FLOW
1376
DELISTED
SPX FLOW, Inc.
FLOW
| $3.31M | ﹤0.01% |
79,118
+1,600
| +2% | +$59.2K |
|
1377
Deluxe
DLX
$1.09B
| $3.31M | ﹤0.01% |
81,300
-2,900
| -3% | -$122K |
|
1378
Cannae Holdings
CNNE
$644M
| $3.29M | ﹤0.01% |
113,694
-4,200
| -4% | -$111K |
|
|
DLPH
1379
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $3.29M | ﹤0.01% |
164,690
+3,500
| +2% | +$71.7K |
|
1380
Eagle Bancorp
EGBN
$865M
| $3.29M | ﹤0.01% |
60,832
+1,300
| +2% | +$70.9K |
|
1381
United Parks & Resorts
PRKS
$2B
| $3.29M | ﹤0.01% |
106,100
+10,200
| +11% | +$280K |
|
1382
ProPetro Holding
PUMP
$1.43B
| $3.28M | ﹤0.01% |
158,400
+21,300
| +16% | +$452K |
|
|
PVG
1383
DELISTED
PRETIUM RESOURCES INC.
PVG
| $3.28M | ﹤0.01% |
327,848
+25,000
| +8% | +$212K |
|
|
TSE
1384
DELISTED
Trinseo
TSE
| $3.26M | ﹤0.01% |
77,100
| – | – |
|
|
MANT
1385
DELISTED
Mantech International Corp
MANT
| $3.26M | ﹤0.01% |
49,487
+1,100
| +2% | +$66.9K |
|
1386
Kosmos Energy
KOS
$1.52B
| $3.26M | ﹤0.01% |
519,300
+83,500
| +19% | +$533K |
|
1387
eHealth
EHTH
$39.1M
| $3.25M | ﹤0.01% |
37,800
+1,900
| +5% | +$128K |
|
|
INVX
1388
Innovex International
INVX
$2.11B
| $3.25M | ﹤0.01% |
67,700
+2,500
| +4% | +$109K |
|
|
MDR
1389
DELISTED
McDermott International
MDR
| $3.25M | ﹤0.01% |
336,411
+7,300
| +2% | +$58.3K |
|
1390
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.28B
| $3.25M | ﹤0.01% |
115,234
+16,800
| +17% | +$446K |
|
1391
Cushman & Wakefield Ltd
CWK
$3.23B
| $3.24M | ﹤0.01% |
181,400
+82,000
| +82% | +$1.49M |
|
1392
Badger Meter
BMI
$3.93B
| $3.23M | ﹤0.01% |
54,200
+1,100
| +2% | +$61K |
|
1393
Hope Bancorp
HOPE
$1.82B
| $3.23M | ﹤0.01% |
234,657
| – | – |
|
|
PPBI
1394
DELISTED
Pacific Premier Bancorp
PPBI
| $3.23M | ﹤0.01% |
104,674
+13,600
| +15% | +$401K |
|
1395
Supernus Pharmaceuticals
SUPN
$2.73B
| $3.22M | ﹤0.01% |
97,300
+2,100
| +2% | +$72K |
|
1396
Mercury Insurance
MCY
$5.86B
| $3.22M | ﹤0.01% |
51,500
+1,000
| +2% | +$55.8K |
|
1397
Northwest Bancshares
NWBI
$2.29B
| $3.22M | ﹤0.01% |
182,700
+3,800
| +2% | +$65.2K |
|
|
CHSP
1398
DELISTED
Chesapeake Lodging Trust
CHSP
| $3.21M | ﹤0.01% |
113,100
+3,000
| +3% | +$87.1K |
|
1399
Conduent
CNDT
$246M
| $3.21M | ﹤0.01% |
334,754
+7,400
| +2% | +$80K |
|
1400
Workiva
WK
$3.76B
| $3.2M | ﹤0.01% |
55,121
+8,400
| +18% | +$450K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.