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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Four Corners Property Trust
FCPT
$2.76B
| $4.25M | ﹤0.01% |
191,307
+3,900
| +2% | +$98.1K |
|
1377
Century Communities
CCS
$2.04B
| $4.23M | ﹤0.01% |
63,366
+600
| +1% | +$43.8K |
|
1378
LiveRamp
RAMP
$2.31B
| $4.22M | ﹤0.01% |
146,400
+5,500
| +4% | +$162K |
|
|
VSTO
1379
DELISTED
Vista Outdoor Inc.
VSTO
| $4.22M | ﹤0.01% |
127,400
+4,200
| +3% | +$124K |
|
1380
Kratos Defense & Security Solutions
KTOS
$11.8B
| $4.21M | ﹤0.01% |
280,500
+4,700
| +2% | +$69.9K |
|
1381
Prothena Corp
PRTA
$466M
| $4.2M | ﹤0.01% |
87,000
+1,100
| +1% | +$65.4K |
|
1382
Qfin Holdings
QFIN
$1.52B
| $4.19M | ﹤0.01% |
272,707
+600
| +0.2% | +$10.2K |
|
1383
Dana Inc
DAN
$3.26B
| $4.19M | ﹤0.01% |
285,500
+2,700
| +1% | +$45K |
|
1384
St. Joe Company
JOE
$3.89B
| $4.18M | ﹤0.01% |
77,000
+700
| +0.9% | +$40.4K |
|
|
DVAX
1385
DELISTED
Dynavax Technologies
DVAX
| $4.17M | ﹤0.01% |
282,378
+2,700
| +1% | +$38K |
|
1386
Kennametal
KMT
$2.32B
| $4.17M | ﹤0.01% |
167,600
+1,100
| +0.7% | +$29.8K |
|
1387
The Bancorp
TBBK
$2.82B
| $4.15M | ﹤0.01% |
120,400
| – | – |
|
1388
Laureate Education
LAUR
$5.15B
| $4.14M | ﹤0.01% |
293,700
+2,900
| +1% | +$39K |
|
1389
SiTime
SITM
$20.7B
| $4.14M | ﹤0.01% |
36,200
+700
| +2% | +$86.3K |
|
1390
Q2 Holdings
QTWO
$4.13B
| $4.13M | ﹤0.01% |
127,900
+2,200
| +2% | +$72.9K |
|
1391
Trinity Industries
TRN
$2.34B
| $4.13M | ﹤0.01% |
169,500
+1,700
| +1% | +$42.9K |
|
1392
OSI Systems
OSIS
$3.77B
| $4.12M | ﹤0.01% |
34,900
| – | – |
|
1393
PJT Partners
PJT
$4.57B
| $4.12M | ﹤0.01% |
51,835
+500
| +1% | +$38.7K |
|
1394
Alamo Group
ALG
$1.99B
| $4.11M | ﹤0.01% |
23,800
+300
| +1% | +$53.7K |
|
|
DQ
1395
Daqo New Energy
DQ
$1.01B
| $4.11M | ﹤0.01% |
135,712
-16,700
| -11% | -$595K |
|
|
CVSA
1396
Covista Inc
CVSA
$4.49B
| $4.11M | ﹤0.01% |
95,800
-3,100
| -3% | -$131K |
|
1397
Delek US
DK
$4.18B
| $4.1M | ﹤0.01% |
144,491
-1,300
| -0.9% | -$35.1K |
|
1398
First Financial Bancorp
FFBC
$3.6B
| $4.1M | ﹤0.01% |
209,243
+2,000
| +1% | +$42.8K |
|
1399
Ginkgo Bioworks
DNA
$488M
| $4.1M | ﹤0.01% |
56,623
+5,348
| +10% | +$428K |
|
1400
Enlight Renewable Energy
ENLT
$12B
| $4.1M | ﹤0.01% |
260,411
+9,069
| +4% | +$157K |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.