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
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.22% |
| 2 | Healthcare | 14.23% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.53% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MDC
1426
DELISTED
M.D.C. Holdings, Inc.
MDC
| $5.06M | ﹤0.01% |
133,643
+9,400
| +8% | +$429K |
|
|
PDM
1427
Piedmont Realty Trust
PDM
$1.2B
| $5.05M | ﹤0.01% |
293,500
+20,300
| +7% | +$356K |
|
1428
Ameresco
AMRC
$1.47B
| $5.05M | ﹤0.01% |
63,500
+4,700
| +8% | +$296K |
|
1429
LGI Homes
LGIH
$1.37B
| $5.05M | ﹤0.01% |
51,681
+2,900
| +6% | +$358K |
|
1430
3D Systems Corp
DDD
$601M
| $5.04M | ﹤0.01% |
302,050
+26,400
| +10% | +$459K |
|
1431
Plains GP Holdings
PAGP
$5.04B
| $5.04M | ﹤0.01% |
436,034
+28,600
| +7% | +$329K |
|
1432
Diamondrock Hospitality Co
DRH
$2.51B
| $5.03M | ﹤0.01% |
498,000
+35,000
| +8% | +$338K |
|
1433
Equinox Gold
EQX
$13.1B
| $5.01M | ﹤0.01% |
608,090
+43,500
| +8% | +$306K |
|
1434
Revolve Group
RVLV
$1.72B
| $5.01M | ﹤0.01% |
93,300
+9,500
| +11% | +$482K |
|
1435
FuelCell Energy
FCEL
$1.63B
| $4.99M | ﹤0.01% |
28,897
+5,207
| +22% | +$825K |
|
|
FOLD
1436
DELISTED
Amicus Therapeutics
FOLD
| $4.99M | ﹤0.01% |
527,100
+56,800
| +12% | +$533K |
|
1437
TechTarget
TTGT
$277M
| $4.99M | ﹤0.01% |
61,400
+5,400
| +10% | +$435K |
|
1438
Stepan Co
SCL
$1.48B
| $4.98M | ﹤0.01% |
50,400
+3,300
| +7% | +$357K |
|
1439
Four Corners Property Trust
FCPT
$2.76B
| $4.95M | ﹤0.01% |
182,907
+15,100
| +9% | +$406K |
|
1440
Iovance Biotherapeutics
IOVA
$2.95B
| $4.94M | ﹤0.01% |
296,756
+23,900
| +9% | +$370K |
|
1441
Blue Owl Capital
OWL
$19.7B
| $4.92M | ﹤0.01% |
388,100
+34,500
| +10% | +$437K |
|
|
CSGS
1442
DELISTED
CSG Systems International
CSGS
| $4.91M | ﹤0.01% |
77,200
+5,100
| +7% | +$307K |
|
1443
Cohen & Steers
CNS
$4.4B
| $4.9M | ﹤0.01% |
57,100
+3,800
| +7% | +$315K |
|
1444
New Oriental
EDU
$8.33B
| $4.89M | ﹤0.01% |
425,554
+49,580
| +13% | +$722K |
|
1445
Cal-Maine
CALM
$3.87B
| $4.89M | ﹤0.01% |
88,500
+6,100
| +7% | +$266K |
|
1446
O-I Glass
OI
$1.05B
| $4.89M | ﹤0.01% |
370,824
+24,800
| +7% | +$324K |
|
1447
Progress Software
PRGS
$1.83B
| $4.88M | ﹤0.01% |
103,600
+7,300
| +8% | +$329K |
|
1448
McGrath RentCorp
MGRC
$2.94B
| $4.88M | ﹤0.01% |
57,400
+3,900
| +7% | +$310K |
|
1449
Federal Signal
FSS
$7.51B
| $4.87M | ﹤0.01% |
144,400
+9,800
| +7% | +$365K |
|
1450
Bumble
BMBL
$359M
| $4.87M | ﹤0.01% |
168,100
+12,100
| +8% | +$335K |
|
Similar funds
Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.