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 | |
|---|---|---|---|---|---|---|
1551
NovaGold Resources
NG
$3.4B
| $4.25M | ﹤0.01% |
552,500
+39,500
| +8% | +$278K |
|
1552
California Resources
CRC
$4.69B
| $4.25M | ﹤0.01% |
95,000
+4,900
| +5% | +$211K |
|
1553
Tanger
SKT
$4.42B
| $4.23M | ﹤0.01% |
245,900
+17,200
| +8% | +$299K |
|
1554
ICF International
ICFI
$1.6B
| $4.21M | ﹤0.01% |
44,700
+3,100
| +7% | +$291K |
|
1555
Shoals Technologies Group
SHLS
$1.37B
| $4.2M | ﹤0.01% |
246,400
+17,700
| +8% | +$307K |
|
1556
Petco
WOOF
$817M
| $4.19M | ﹤0.01% |
214,300
+14,100
| +7% | +$264K |
|
|
CSW
1557
CSW Industrials
CSW
$5.59B
| $4.18M | ﹤0.01% |
35,549
+2,800
| +9% | +$330K |
|
1558
Sally Beauty Holdings
SBH
$1.55B
| $4.18M | ﹤0.01% |
267,300
+18,600
| +7% | +$322K |
|
1559
Bloomin' Brands
BLMN
$924M
| $4.17M | ﹤0.01% |
189,900
+13,100
| +7% | +$283K |
|
1560
Gray Television
GTN
$520M
| $4.17M | ﹤0.01% |
188,700
+12,400
| +7% | +$274K |
|
|
VMEO
1561
DELISTED
Vimeo
VMEO
| $4.16M | ﹤0.01% |
350,218
+25,100
| +8% | +$334K |
|
1562
Cinemark Holdings
CNK
$4.37B
| $4.16M | ﹤0.01% |
240,500
+16,000
| +7% | +$266K |
|
1563
Hudbay
HBM
$11.8B
| $4.15M | ﹤0.01% |
528,900
+37,600
| +8% | +$292K |
|
1564
Materion
MTRN
$5.88B
| $4.15M | ﹤0.01% |
48,400
+3,400
| +8% | +$291K |
|
1565
Viper Energy
VNOM
$14.8B
| $4.15M | ﹤0.01% |
140,300
+12,900
| +10% | +$357K |
|
|
SAGE
1566
DELISTED
Sage Therapeutics
SAGE
| $4.15M | ﹤0.01% |
125,300
+9,000
| +8% | +$338K |
|
1567
B&G Foods
BGS
$299M
| $4.14M | ﹤0.01% |
153,400
+10,300
| +7% | +$310K |
|
|
NVEE
1568
DELISTED
NV5 Global
NVEE
| $4.13M | ﹤0.01% |
124,000
+8,800
| +8% | +$259K |
|
|
NKLA
1569
DELISTED
Nikola Corporation Common Stock
NKLA
| $4.12M | ﹤0.01% |
12,830
+1,147
| +10% | +$293K |
|
1570
Horace Mann Educators
HMN
$2.1B
| $4.1M | ﹤0.01% |
98,100
+6,800
| +7% | +$273K |
|
|
CVET
1571
DELISTED
Covetrus, Inc. Common Stock
CVET
| $4.1M | ﹤0.01% |
244,440
+18,100
| +8% | +$316K |
|
1572
Brinker International
EAT
$10.2B
| $4.1M | ﹤0.01% |
107,400
+6,300
| +6% | +$236K |
|
|
ZUO
1573
DELISTED
Zuora, Inc.
ZUO
| $4.09M | ﹤0.01% |
273,100
+27,300
| +11% | +$421K |
|
1574
Enterprise Financial Services Corp
EFSC
$2.4B
| $4.08M | ﹤0.01% |
86,164
+5,400
| +7% | +$265K |
|
1575
Lindsay Corp
LNN
$1.17B
| $4.07M | ﹤0.01% |
25,900
+1,800
| +7% | +$248K |
|
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.