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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
BancFirst
BANF
$3.89B
| $3.84M | ﹤0.01% |
43,518
+800
| +2% | +$75.6K |
|
1477
Winnebago Industries
WGO
$921M
| $3.84M | ﹤0.01% |
72,800
-1,000
| -1% | -$56.9K |
|
1478
Westamerica Bancorp
WABC
$1.39B
| $3.84M | ﹤0.01% |
65,000
+1,400
| +2% | +$82.3K |
|
1479
Tronox
TROX
$958M
| $3.83M | ﹤0.01% |
279,700
+2,600
| +0.9% | +$34.6K |
|
1480
LiveRamp
RAMP
$2.31B
| $3.8M | ﹤0.01% |
162,200
| – | – |
|
|
SASR
1481
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.8M | ﹤0.01% |
107,735
+500
| +0.5% | +$17.5K |
|
|
SPWR
1482
DELISTED
SunPower Corporation Common Stock
SPWR
| $3.79M | ﹤0.01% |
210,200
+4,100
| +2% | +$84K |
|
|
JOYY
1483
JOYY Inc
JOYY
$3.64B
| $3.78M | ﹤0.01% |
119,808
-17,900
| -13% | -$518K |
|
|
VGR
1484
DELISTED
Vector Group Ltd.
VGR
| $3.77M | ﹤0.01% |
317,673
+5,400
| +2% | +$57K |
|
|
ELME
1485
Elme Communities
ELME
$144M
| $3.76M | ﹤0.01% |
211,100
+3,800
| +2% | +$70K |
|
1486
Hilltop Holdings
HTH
$2.28B
| $3.75M | ﹤0.01% |
124,800
+2,300
| +2% | +$65.4K |
|
1487
Shake Shack
SHAK
$2.98B
| $3.74M | ﹤0.01% |
90,100
+1,700
| +2% | +$82.8K |
|
1488
ADT
ADT
$5.46B
| $3.74M | ﹤0.01% |
412,421
+8,521
| +2% | +$75.8K |
|
1489
Arvinas
ARVN
$589M
| $3.74M | ﹤0.01% |
109,200
+2,000
| +2% | +$84.1K |
|
1490
Eldorado Gold
EGO
$10B
| $3.73M | ﹤0.01% |
448,020
+6,800
| +2% | +$48.2K |
|
1491
Cohu
COHU
$2.76B
| $3.73M | ﹤0.01% |
116,450
+1,400
| +1% | +$45.3K |
|
1492
Granite Construction
GVA
$5.41B
| $3.73M | ﹤0.01% |
106,400
-1,200
| -1% | -$39.3K |
|
1493
Q2 Holdings
QTWO
$4.13B
| $3.72M | ﹤0.01% |
138,400
+2,800
| +2% | +$78.3K |
|
1494
MYR Group
MYRG
$5.1B
| $3.71M | ﹤0.01% |
40,300
| – | – |
|
1495
Griffon
GFF
$4.8B
| $3.7M | ﹤0.01% |
103,300
+1,900
| +2% | +$63.4K |
|
1496
Hope Bancorp
HOPE
$1.85B
| $3.7M | ﹤0.01% |
288,457
+3,000
| +1% | +$39.8K |
|
|
VISN
1497
Vistance Networks Inc
VISN
$2.62B
| $3.69M | ﹤0.01% |
502,700
+11,200
| +2% | +$108K |
|
1498
TriCo Bancshares
TCBK
$1.86B
| $3.69M | ﹤0.01% |
72,400
+500
| +0.7% | +$26.1K |
|
1499
Provident Financial Services
PFS
$3.26B
| $3.69M | ﹤0.01% |
172,700
+2,700
| +2% | +$58K |
|
1500
First Bancorp
FBNC
$2.74B
| $3.69M | ﹤0.01% |
86,100
+1,900
| +2% | +$83.3K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.