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 |
ExxonMobil
XOM
|
+$153M |
| 2 |
GE Vernova
GEV
|
+$129M |
| 3 |
Ferrovial N.V. Ordinary Shares
FER
|
+$61.6M |
| 4 |
Solventum
SOLV
|
+$26.3M |
| 5 |
Strategy Inc
MSTR
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$184M |
| 2 |
GE Aerospace
GE
|
+$135M |
| 3 |
Apple
AAPL
|
+$104M |
| 4 |
Microsoft
MSFT
|
+$104M |
| 5 |
Meta Platforms (Facebook)
META
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.83% |
| 2 | Healthcare | 12.16% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.36% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Huron Consulting
HURN
$2.44B
| $3.59M | ﹤0.01% |
36,400
-600
| -2% | -$55.2K |
|
1477
NBT Bancorp
NBTB
$2.78B
| $3.58M | ﹤0.01% |
92,800
| – | – |
|
1478
Phinia Inc
PHIN
$2.72B
| $3.57M | ﹤0.01% |
90,816
-1,300
| -1% | -$53.5K |
|
1479
The GEO Group
GEO
$4.05B
| $3.57M | ﹤0.01% |
248,600
| – | – |
|
|
GOGL
1480
DELISTED
Golden Ocean Group
GOGL
| $3.57M | ﹤0.01% |
257,163
-3,995
| -2% | -$55.2K |
|
1481
Hawkins
HWKN
$2.66B
| $3.57M | ﹤0.01% |
39,188
-300
| -0.8% | -$24.6K |
|
1482
MP Materials
MP
$10.3B
| $3.56M | ﹤0.01% |
280,000
| – | – |
|
1483
Triumph Financial Inc
TFIN
$1.86B
| $3.56M | ﹤0.01% |
43,600
| – | – |
|
|
HTLF
1484
DELISTED
Heartland Financial USA, Inc.
HTLF
| $3.55M | ﹤0.01% |
79,900
| – | – |
|
1485
Indivior Pharmaceuticals
INDV
$4.49B
| $3.55M | ﹤0.01% |
226,642
-1,861
| -0.8% | -$33.6K |
|
1486
Green Brick Partners
GRBK
$3.01B
| $3.55M | ﹤0.01% |
62,000
-600
| -1% | -$33.5K |
|
1487
Banc of California
BANC
$3.12B
| $3.55M | ﹤0.01% |
277,614
-2,300
| -0.8% | -$31.8K |
|
|
OPLN
1488
Openlane
OPLN
$4.34B
| $3.54M | ﹤0.01% |
213,200
| – | – |
|
1489
Astrana Health
ASTH
$1.88B
| $3.53M | ﹤0.01% |
87,144
-4,900
| -5% | -$194K |
|
1490
Central Garden & Pet Co Class A
CENTA
$2.41B
| $3.53M | ﹤0.01% |
106,937
| – | – |
|
1491
Atlanta Braves Holdings Series B
BATRK
$3.4B
| $3.53M | ﹤0.01% |
89,536
-5,000
| -5% | -$194K |
|
1492
Levi Strauss
LEVI
$8.55B
| $3.53M | ﹤0.01% |
183,000
-3,600
| -2% | -$78.9K |
|
1493
Denison Mines
DNN
$3B
| $3.52M | ﹤0.01% |
1,760,700
| – | – |
|
1494
Talos Energy
TALO
$2.6B
| $3.52M | ﹤0.01% |
289,400
+14,900
| +5% | +$186K |
|
1495
Flywire
FLYW
$2.23B
| $3.51M | ﹤0.01% |
214,200
+1,900
| +0.9% | +$35.9K |
|
1496
Vermilion Energy
VET
$1.73B
| $3.5M | ﹤0.01% |
318,567
-7,000
| -2% | -$83.2K |
|
1497
QuidelOrtho
QDEL
$1.02B
| $3.5M | ﹤0.01% |
105,240
+6,600
| +7% | +$270K |
|
1498
Tennant Co
TNC
$1.18B
| $3.49M | ﹤0.01% |
35,500
+500
| +1% | +$53.9K |
|
|
THS
1499
DELISTED
Treehouse Foods
THS
| $3.49M | ﹤0.01% |
95,351
-2,900
| -3% | -$105K |
|
1500
Diamondrock Hospitality Co
DRH
$2.53B
| $3.49M | ﹤0.01% |
413,200
| – | – |
|
Similar funds
Swiss National Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Swiss National Bank held 2,546 positions worth $146B, up 2% from $143B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Swiss National Bank's Q2 2024 filing shows 41 new, 569 increased, 1,097 reduced and 88 closed positions. Its largest new stake was GE Vernova: 811,465 shares worth $139M. The largest sale was Pioneer Natural Resource Co., an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2024 buy was GE Vernova: 811,465 shares worth $139M.
- Swiss National Bank added most to ExxonMobil in Q2 2024, an estimated $153M increase.
- Swiss National Bank's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $135M.
- Swiss National Bank fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $184M.
- Swiss National Bank's ten largest holdings make up 33% of its $146B portfolio in Q2 2024.
- Swiss National Bank opened 41 new positions and closed 88 in Q2 2024.
- Swiss National Bank's portfolio value rose 2% quarter-over-quarter to $146B.
Based on Swiss National Bank's 13F filing for Q2 2024, filed 8 Aug 2024.