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 |
Berkshire Hathaway Class B
BRK.B
|
+$1.53B |
| 2 |
American Express
AXP
|
+$368M |
| 3 |
Capital One
COF
|
+$138M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$98.1M |
| 5 |
Apollo Global Management
APO
|
+$96.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.04B |
| 2 |
Microsoft
MSFT
|
+$804M |
| 3 |
Amazon
AMZN
|
+$353M |
| 4 |
NVIDIA
NVDA
|
+$280M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$271M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.21% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.24% |
| 5 | Communication Services | 8.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1576
Schneider National
SNDR
$6.27B
| $3.29M | ﹤0.01% |
114,500
-8,500
| -7% | -$226K |
|
|
GTY
1577
Getty Realty Corp
GTY
$2.04B
| $3.27M | ﹤0.01% |
96,709
+11,000
| +13% | +$374K |
|
1578
Central Garden & Pet Co Class A
CENTA
$2.43B
| $3.27M | ﹤0.01% |
112,000
+750
| +0.7% | +$21.7K |
|
|
HEES
1579
DELISTED
H&E Equipment Services
HEES
| $3.26M | ﹤0.01% |
71,300
+700
| +1% | +$28K |
|
1580
John Wiley & Sons Class A
WLY
$2.63B
| $3.26M | ﹤0.01% |
95,700
| – | – |
|
1581
Addus HomeCare
ADUS
$2.2B
| $3.25M | ﹤0.01% |
35,100
+300
| +0.9% | +$28.6K |
|
1582
Banner Corp
BANR
$2.5B
| $3.25M | ﹤0.01% |
74,500
+700
| +0.9% | +$33.1K |
|
1583
Kornit Digital
KRNT
$758M
| $3.25M | ﹤0.01% |
110,700
+2,500
| +2% | +$56.5K |
|
1584
JELD-WEN Holding
JELD
$170M
| $3.25M | ﹤0.01% |
185,300
+3,300
| +2% | +$46K |
|
1585
MasterBrand
MBC
$1.89B
| $3.25M | ﹤0.01% |
279,200
| – | – |
|
1586
Perion Network
PERI
$377M
| $3.21M | ﹤0.01% |
103,050
+15,413
| +18% | +$529K |
|
|
BBBY
1587
Bed Bath & Beyond
BBBY
$423M
| $3.21M | ﹤0.01% |
108,570
| – | – |
|
1588
Ironwood Pharmaceuticals
IRWD
$674M
| $3.21M | ﹤0.01% |
302,000
+4,000
| +1% | +$43K |
|
1589
Appian
APPN
$2.65B
| $3.21M | ﹤0.01% |
67,500
-7,800
| -10% | -$329K |
|
1590
Upbound Group
UPBD
$1.15B
| $3.21M | ﹤0.01% |
103,100
-11,100
| -10% | -$324K |
|
1591
Tronox
TROX
$958M
| $3.21M | ﹤0.01% |
252,300
+2,300
| +0.9% | +$28.9K |
|
1592
Andersons Inc
ANDE
$2.21B
| $3.21M | ﹤0.01% |
69,450
+700
| +1% | +$29.3K |
|
|
MRTX
1593
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $3.2M | ﹤0.01% |
88,600
+1,600
| +2% | +$65.9K |
|
1594
Geron
GERN
$982M
| $3.2M | ﹤0.01% |
996,800
+194,900
| +24% | +$555K |
|
1595
Cannae Holdings
CNNE
$675M
| $3.19M | ﹤0.01% |
157,694
+6,200
| +4% | +$119K |
|
1596
Renasant Corp
RNST
$4B
| $3.19M | ﹤0.01% |
121,900
+1,100
| +0.9% | +$30.4K |
|
|
PYCR
1597
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $3.18M | ﹤0.01% |
134,400
+58,500
| +77% | +$1.36M |
|
1598
Enterprise Financial Services Corp
EFSC
$2.41B
| $3.18M | ﹤0.01% |
81,264
+4,900
| +6% | +$203K |
|
1599
Palomar
PLMR
$3.37B
| $3.16M | ﹤0.01% |
54,500
| – | – |
|
|
AVDX
1600
DELISTED
AvidXchange
AVDX
| $3.16M | ﹤0.01% |
304,000
+196,800
| +184% | +$1.77M |
|
Similar funds
Swiss National Bank's Q2 2023 Portfolio in Review
As of Q2 2023, Swiss National Bank held 2,706 positions worth $147B, up 0.92% from $146B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $9.97B in Q2 2023, closing 106 positions and reducing 972 holdings. Its most notable exit was Shaw Communications Inc., an estimated $57.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Berkshire Hathaway Class B worth $1.6B.
- Swiss National Bank's largest Q2 2023 buy was Berkshire Hathaway Class B: 4,684,505 shares worth $1.6B.
- Swiss National Bank added most to Uber in Q2 2023, an estimated $22.7M increase.
- Swiss National Bank's biggest Q2 2023 reduction was Apple, cutting an estimated $1.04B.
- Swiss National Bank fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $57.3M.
- Swiss National Bank's ten largest holdings make up 28% of its $147B portfolio in Q2 2023.
- Swiss National Bank opened 63 new positions and closed 106 in Q2 2023.
- Swiss National Bank's portfolio value rose 0.92% quarter-over-quarter to $147B.
Based on Swiss National Bank's 13F filing for Q2 2023, filed 9 Aug 2023.