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 |
Apple
AAPL
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.52% |
| 2 | Healthcare | 15.94% |
| 3 | Consumer Discretionary | 11.41% |
| 4 | Communication Services | 10.51% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NGHC
1401
DELISTED
National General Holdings Corp
NGHC
| $2.18M | ﹤0.01% |
131,922
+1,900
| +1% | +$38K |
|
1402
Banner Corp
BANR
$2.5B
| $2.18M | ﹤0.01% |
66,000
| – | – |
|
|
BAND
1403
Bandwidth Inc
BAND
$1.74B
| $2.18M | ﹤0.01% |
32,400
+1,800
| +6% | +$123K |
|
1404
Dana Inc
DAN
$3.26B
| $2.18M | ﹤0.01% |
279,100
+3,600
| +1% | +$49.7K |
|
|
MGLN
1405
DELISTED
Magellan Health Services, Inc.
MGLN
| $2.17M | ﹤0.01% |
45,100
+700
| +2% | +$45K |
|
|
FSCT
1406
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $2.17M | ﹤0.01% |
68,600
+2,300
| +3% | +$72K |
|
|
LMNX
1407
DELISTED
Luminex Corp
LMNX
| $2.16M | ﹤0.01% |
78,600
+1,100
| +1% | +$27K |
|
1408
Texas Capital Bancshares
TCBI
$4.38B
| $2.16M | ﹤0.01% |
97,550
+1,300
| +1% | +$60.3K |
|
|
VGR
1409
DELISTED
Vector Group Ltd.
VGR
| $2.16M | ﹤0.01% |
323,275
+4,230
| +1% | +$37.3K |
|
|
MNR
1410
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.15M | ﹤0.01% |
178,700
+5,100
| +3% | +$70.6K |
|
1411
Papa John's
PZZA
$804M
| $2.15M | ﹤0.01% |
40,300
+700
| +2% | +$42.1K |
|
1412
O-I Glass
OI
$1.05B
| $2.15M | ﹤0.01% |
301,824
+4,200
| +1% | +$46K |
|
|
RPAI
1413
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $2.14M | ﹤0.01% |
414,374
+5,300
| +1% | +$55.9K |
|
1414
Yeti Holdings
YETI
$3.44B
| $2.14M | ﹤0.01% |
109,700
+35,700
| +48% | +$1.06M |
|
|
INVX
1415
Innovex International
INVX
$2.15B
| $2.14M | ﹤0.01% |
70,200
+900
| +1% | +$35.1K |
|
1416
Virtu Financial
VIRT
$5.05B
| $2.14M | ﹤0.01% |
102,800
+1,700
| +2% | +$31.4K |
|
1417
James River Group Holdings
JRVR
$200M
| $2.14M | ﹤0.01% |
58,999
+900
| +2% | +$36.3K |
|
1418
Kaiser Aluminum
KALU
$2.99B
| $2.13M | ﹤0.01% |
30,800
+200
| +0.7% | +$18.8K |
|
1419
Deluxe
DLX
$1.11B
| $2.13M | ﹤0.01% |
82,200
| – | – |
|
1420
Universal Corp
UVV
$1.12B
| $2.13M | ﹤0.01% |
48,100
+300
| +0.6% | +$15K |
|
1421
Hilltop Holdings
HTH
$2.28B
| $2.13M | ﹤0.01% |
140,600
-1,500
| -1% | -$31.8K |
|
1422
Denali Therapeutics
DNLI
$3.97B
| $2.12M | ﹤0.01% |
121,100
+1,800
| +2% | +$37.5K |
|
1423
Helios Technologies
HLIO
$2.67B
| $2.12M | ﹤0.01% |
55,900
+700
| +1% | +$29.8K |
|
1424
CBIZ
CBZ
$2.96B
| $2.12M | ﹤0.01% |
101,200
+1,600
| +2% | +$40.7K |
|
|
ETRN
1425
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $2.11M | ﹤0.01% |
419,987
+5,000
| +1% | +$43.8K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.