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 | |
|---|---|---|---|---|---|---|
1576
Urban Outfitters
URBN
$6.53B
| $4.07M | ﹤0.01% |
161,973
+10,100
| +7% | +$276K |
|
1577
Supernus Pharmaceuticals
SUPN
$2.74B
| $4.06M | ﹤0.01% |
125,700
+8,600
| +7% | +$264K |
|
1578
Winnebago Industries
WGO
$921M
| $4.06M | ﹤0.01% |
75,200
+4,900
| +7% | +$317K |
|
|
RDFN
1579
DELISTED
Redfin
RDFN
| $4.05M | ﹤0.01% |
224,500
+16,700
| +8% | +$430K |
|
|
IRBT
1580
DELISTED
iRobot
IRBT
| $4.04M | ﹤0.01% |
63,800
+2,000
| +3% | +$127K |
|
1581
World Kinect Corp
WKC
$1.9B
| $4.04M | ﹤0.01% |
149,400
+9,600
| +7% | +$267K |
|
1582
Northern Oil and Gas
NOG
$2.61B
| $4.03M | ﹤0.01% |
143,100
+9,800
| +7% | +$240K |
|
1583
Burford Capital
BUR
$968M
| $4.01M | ﹤0.01% |
440,266
+29,857
| +7% | +$284K |
|
|
ONEM
1584
DELISTED
1Life Healthcare
ONEM
| $4M | ﹤0.01% |
361,100
+178,900
| +98% | +$2M |
|
1585
Worthington Enterprises
WOR
$2.85B
| $4M | ﹤0.01% |
126,029
+6,325
| +5% | +$218K |
|
1586
HUTCHMED
HCM
$2.11B
| $3.99M | ﹤0.01% |
210,760
+28,900
| +16% | +$736K |
|
1587
Schrodinger
SDGR
$1.38B
| $3.98M | ﹤0.01% |
116,700
+8,300
| +8% | +$252K |
|
1588
Vir Biotechnology
VIR
$1.52B
| $3.98M | ﹤0.01% |
154,700
+11,000
| +8% | +$326K |
|
|
ALEX
1589
DELISTED
Alexander & Baldwin
ALEX
| $3.98M | ﹤0.01% |
171,520
+11,900
| +7% | +$274K |
|
|
EVBG
1590
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $3.98M | ﹤0.01% |
91,100
+6,600
| +8% | +$312K |
|
1591
NMI Holdings
NMIH
$3.42B
| $3.97M | ﹤0.01% |
192,674
+13,000
| +7% | +$303K |
|
1592
The Greenbrier Companies
GBX
$1.42B
| $3.97M | ﹤0.01% |
77,000
+5,700
| +8% | +$257K |
|
|
NEX
1593
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $3.96M | ﹤0.01% |
429,033
+73,300
| +21% | +$525K |
|
|
LPRO
1594
DELISTED
Open Lending Corp
LPRO
| $3.95M | ﹤0.01% |
208,850
+13,600
| +7% | +$261K |
|
1595
IAMGOLD
IAG
$10.1B
| $3.94M | ﹤0.01% |
1,134,800
+83,300
| +8% | +$250K |
|
1596
Green Plains
GPRE
$1.09B
| $3.93M | ﹤0.01% |
126,700
+8,600
| +7% | +$270K |
|
1597
Magnite
MGNI
$3.53B
| $3.91M | ﹤0.01% |
296,100
+21,800
| +8% | +$294K |
|
1598
Methode Electronics
MEI
$593M
| $3.9M | ﹤0.01% |
90,200
+6,100
| +7% | +$273K |
|
1599
Live Oak Bancshares
LOB
$2.01B
| $3.89M | ﹤0.01% |
76,500
+5,900
| +8% | +$378K |
|
1600
GrafTech
EAF
$203M
| $3.89M | ﹤0.01% |
40,460
+2,180
| +6% | +$226K |
|
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.