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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AYR
1626
DELISTED
Aircastle Ltd
AYR
| $2.11M | ﹤0.01% |
104,200
+1,300
| +1% | +$26K |
|
1627
Materion
MTRN
$5.88B
| $2.11M | ﹤0.01% |
36,900
+1,100
| +3% | +$57.2K |
|
|
TIVO
1628
DELISTED
Tivo Inc
TIVO
| $2.1M | ﹤0.01% |
225,813
+6,900
| +3% | +$71.5K |
|
1629
Perdoceo Education
PRDO
$1.99B
| $2.1M | ﹤0.01% |
127,200
+3,900
| +3% | +$56.3K |
|
1630
Adient
ADNT
$1.54B
| $2.1M | ﹤0.01% |
161,698
+4,800
| +3% | +$84K |
|
|
DENN
1631
DELISTED
Denny's
DENN
| $2.09M | ﹤0.01% |
114,100
+2,000
| +2% | +$35.5K |
|
|
SYKE
1632
DELISTED
SYKES Enterprises Inc
SYKE
| $2.09M | ﹤0.01% |
74,023
+2,100
| +3% | +$59.2K |
|
1633
AMERISAFE
AMSF
$504M
| $2.09M | ﹤0.01% |
35,200
+1,100
| +3% | +$65.3K |
|
1634
Benchmark Electronics
BHE
$2.89B
| $2.09M | ﹤0.01% |
79,600
-2,800
| -3% | -$71.7K |
|
|
MNR
1635
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.09M | ﹤0.01% |
158,500
+8,100
| +5% | +$107K |
|
|
PRSU
1636
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
| $2.09M | ﹤0.01% |
37,100
+1,200
| +3% | +$65K |
|
1637
First Majestic Silver
AG
$9.26B
| $2.09M | ﹤0.01% |
317,000
+3,400
| +1% | +$21.3K |
|
|
CRZO
1638
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.08M | ﹤0.01% |
166,939
+4,900
| +3% | +$58.3K |
|
|
VGR
1639
DELISTED
Vector Group Ltd.
VGR
| $2.08M | ﹤0.01% |
285,121
+10,660
| +4% | +$79.3K |
|
|
GTT
1640
DELISTED
GTT Communications, Inc.
GTT
| $2.08M | ﹤0.01% |
59,800
+1,800
| +3% | +$52.9K |
|
|
EGOV
1641
DELISTED
NIC Inc
EGOV
| $2.07M | ﹤0.01% |
121,300
+2,700
| +2% | +$42.8K |
|
1642
Rambus
RMBS
$10.8B
| $2.07M | ﹤0.01% |
197,800
+7,300
| +4% | +$70.1K |
|
1643
Virtu Financial
VIRT
$5.05B
| $2.07M | ﹤0.01% |
87,000
+1,900
| +2% | +$48.7K |
|
|
FG
1644
DELISTED
FGL Holdings Ordinary Shares
FG
| $2.07M | ﹤0.01% |
262,500
+16,100
| +7% | +$128K |
|
1645
Adeia
ADEA
$3.16B
| $2.06M | ﹤0.01% |
333,396
+7,560
| +2% | +$44.4K |
|
1646
STAAR Surgical
STAA
$1.26B
| $2.06M | ﹤0.01% |
60,300
+2,000
| +3% | +$70.8K |
|
|
BMCH
1647
DELISTED
BMC Stock Holdings, Inc
BMCH
| $2.06M | ﹤0.01% |
116,619
+3,500
| +3% | +$60.7K |
|
1648
Nelnet
NNI
$4.55B
| $2.06M | ﹤0.01% |
37,400
+900
| +2% | +$48.4K |
|
|
ADAM
1649
Adamas Trust
ADAM
$907M
| $2.05M | ﹤0.01% |
84,130
+22,825
| +37% | +$561K |
|
1650
Kirby Corp
KEX
$7.26B
| $2.05M | ﹤0.01% |
27,257
+800
| +3% | +$58.3K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.