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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
HNI Corp
HNI
$3.55B
| $2.9M | ﹤0.01% |
79,800
+3,000
| +4% | +$115K |
|
1427
Mueller Water Products
MWA
$4.09B
| $2.88M | ﹤0.01% |
287,000
+7,300
| +3% | +$73.4K |
|
1428
Werner Enterprises
WERN
$2.31B
| $2.88M | ﹤0.01% |
84,300
+2,000
| +2% | +$66.6K |
|
|
MRC
1429
DELISTED
MRC Global
MRC
| $2.88M | ﹤0.01% |
164,549
+4,300
| +3% | +$70.1K |
|
1430
Medpace
MEDP
$16.2B
| $2.87M | ﹤0.01% |
48,700
+1,500
| +3% | +$89.6K |
|
1431
NBT Bancorp
NBTB
$2.78B
| $2.87M | ﹤0.01% |
79,600
+2,400
| +3% | +$88.5K |
|
1432
Saia
SAIA
$10.1B
| $2.87M | ﹤0.01% |
46,900
+1,500
| +3% | +$92.9K |
|
1433
Xencor
XNCR
$1.72B
| $2.86M | ﹤0.01% |
92,200
+3,400
| +4% | +$113K |
|
1434
Cannae Holdings
CNNE
$675M
| $2.86M | ﹤0.01% |
117,894
+3,500
| +3% | +$73.6K |
|
1435
Federal Signal
FSS
$7.71B
| $2.85M | ﹤0.01% |
109,800
+3,400
| +3% | +$77.7K |
|
1436
Pacira BioSciences
PCRX
$924M
| $2.85M | ﹤0.01% |
74,900
+2,500
| +3% | +$97.6K |
|
1437
Shake Shack
SHAK
$2.94B
| $2.85M | ﹤0.01% |
48,200
+1,700
| +4% | +$87.1K |
|
|
POLY
1438
DELISTED
Plantronics, Inc.
POLY
| $2.85M | ﹤0.01% |
61,700
+2,000
| +3% | +$87.3K |
|
|
SNBR
1439
DELISTED
Sleep Number
SNBR
| $2.84M | ﹤0.01% |
60,500
-1,200
| -2% | -$48.3K |
|
1440
Rapid7
RPD
$929M
| $2.84M | ﹤0.01% |
56,100
+2,800
| +5% | +$120K |
|
1441
Oceaneering
OII
$5.08B
| $2.83M | ﹤0.01% |
179,648
+5,400
| +3% | +$83.7K |
|
1442
Prestige Consumer Healthcare
PBH
$2.43B
| $2.82M | ﹤0.01% |
94,300
+2,800
| +3% | +$80.3K |
|
1443
La-Z-Boy
LZB
$1.64B
| $2.81M | ﹤0.01% |
85,300
+2,700
| +3% | +$85.3K |
|
1444
NMI Holdings
NMIH
$3.38B
| $2.81M | ﹤0.01% |
108,774
+4,100
| +4% | +$93.5K |
|
|
TIER
1445
DELISTED
TIER REIT, Inc.
TIER
| $2.81M | ﹤0.01% |
98,114
+8,300
| +9% | +$197K |
|
|
BIG
1446
DELISTED
Big Lots, Inc.
BIG
| $2.79M | ﹤0.01% |
73,506
+2,200
| +3% | +$71.8K |
|
|
RWT
1447
Redwood Trust
RWT
$592M
| $2.79M | ﹤0.01% |
173,000
+26,400
| +18% | +$417K |
|
1448
Dine Brands
DIN
$462M
| $2.79M | ﹤0.01% |
30,600
+900
| +3% | +$76.5K |
|
1449
Designer Brands
DBI
$311M
| $2.79M | ﹤0.01% |
125,600
+3,700
| +3% | +$96.9K |
|
1450
Builders FirstSource
BLDR
$7.79B
| $2.79M | ﹤0.01% |
209,100
+6,200
| +3% | +$81.5K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.