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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.46% |
| 2 | Healthcare | 14.88% |
| 3 | Consumer Discretionary | 13.74% |
| 4 | Communication Services | 10.42% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Kodiak Sciences
KOD
$2.5B
| $2.98M | ﹤0.01% |
50,400
+800
| +2% | +$40.2K |
|
1502
Sonos
SONO
$1.86B
| $2.98M | ﹤0.01% |
196,400
| – | – |
|
1503
Otter Tail
OTTR
$3.87B
| $2.98M | ﹤0.01% |
82,400
+1,500
| +2% | +$57.7K |
|
|
PRO
1504
DELISTED
PROS Holdings
PRO
| $2.98M | ﹤0.01% |
93,200
+2,000
| +2% | +$75.4K |
|
1505
M/I Homes
MHO
$3.82B
| $2.98M | ﹤0.01% |
64,600
+900
| +1% | +$37.4K |
|
|
LTHM
1506
DELISTED
Livent Corporation
LTHM
| $2.97M | ﹤0.01% |
331,335
+5,500
| +2% | +$41.4K |
|
|
JWN
1507
DELISTED
Nordstrom
JWN
| $2.97M | ﹤0.01% |
249,100
+2,475
| +1% | +$37.1K |
|
1508
DigitalBridge
DBRG
$2.95B
| $2.97M | ﹤0.01% |
271,775
| – | – |
|
|
SVC
1509
Service Properties Trust
SVC
$1.06B
| $2.96M | ﹤0.01% |
74,598
+1,140
| +2% | +$43.4K |
|
1510
Upwork
UPWK
$1.08B
| $2.96M | ﹤0.01% |
169,600
+7,000
| +4% | +$105K |
|
1511
Murphy Oil
MUR
$4.99B
| $2.95M | ﹤0.01% |
330,700
+6,400
| +2% | +$82.1K |
|
1512
Cytokinetics
CYTK
$10.2B
| $2.95M | ﹤0.01% |
136,200
+24,100
| +21% | +$564K |
|
|
CORE
1513
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.94M | ﹤0.01% |
101,700
| – | – |
|
1514
Compugen
CGEN
$228M
| $2.93M | ﹤0.01% |
180,500
+10,300
| +6% | +$169K |
|
1515
Liberty Latin America Class C
LILAK
$1.67B
| $2.93M | ﹤0.01% |
396,019
+105,254
| +36% | +$843K |
|
1516
Trustmark
TRMK
$2.8B
| $2.92M | ﹤0.01% |
136,600
+1,300
| +1% | +$29.9K |
|
|
RVNC
1517
DELISTED
Revance Therapeutics, Inc.
RVNC
| $2.92M | ﹤0.01% |
116,350
+1,900
| +2% | +$49.8K |
|
|
MNR
1518
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.92M | ﹤0.01% |
210,800
+2,600
| +1% | +$37.1K |
|
1519
Resideo Technologies
REZI
$3.1B
| $2.92M | ﹤0.01% |
265,200
+4,500
| +2% | +$57K |
|
1520
Schneider National
SNDR
$6.27B
| $2.9M | ﹤0.01% |
117,400
+1,900
| +2% | +$49.1K |
|
|
CVSA
1521
Covista Inc
CVSA
$4.49B
| $2.9M | ﹤0.01% |
118,100
| – | – |
|
1522
Patrick Industries
PATK
$2.79B
| $2.9M | ﹤0.01% |
75,563
| – | – |
|
1523
Heron Therapeutics
HRTX
$63.5M
| $2.89M | ﹤0.01% |
195,200
+4,200
| +2% | +$65.5K |
|
1524
Renasant Corp
RNST
$4B
| $2.89M | ﹤0.01% |
127,300
+1,100
| +0.9% | +$26.5K |
|
|
SWI
1525
DELISTED
SolarWinds Corporation Common Stock
SWI
| $2.87M | ﹤0.01% |
133,952
+2,180
| +2% | +$44.5K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.