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 |
ExxonMobil
XOM
|
+$153M |
| 2 |
GE Vernova
GEV
|
+$129M |
| 3 |
Ferrovial N.V. Ordinary Shares
FER
|
+$61.6M |
| 4 |
Solventum
SOLV
|
+$26.3M |
| 5 |
Strategy Inc
MSTR
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$184M |
| 2 |
GE Aerospace
GE
|
+$135M |
| 3 |
Apple
AAPL
|
+$104M |
| 4 |
Microsoft
MSFT
|
+$104M |
| 5 |
Meta Platforms (Facebook)
META
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.83% |
| 2 | Healthcare | 12.16% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.35% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ODP
1626
DELISTED
ODP
ODP
| $2.83M | ﹤0.01% |
72,089
+5,700
| +9% | +$254K |
|
1627
VSE Corp
VSEC
$6.81B
| $2.81M | ﹤0.01% |
31,878
+5,500
| +21% | +$441K |
|
1628
Customers Bancorp
CUBI
$2.8B
| $2.81M | ﹤0.01% |
58,600
| – | – |
|
1629
Par Pacific Holdings
PARR
$4.12B
| $2.8M | ﹤0.01% |
110,859
-2,600
| -2% | -$76.8K |
|
1630
Upbound Group
UPBD
$1.15B
| $2.8M | ﹤0.01% |
91,100
| – | – |
|
1631
Ligand Pharmaceuticals
LGND
$5.76B
| $2.79M | ﹤0.01% |
33,100
+400
| +1% | +$31.8K |
|
1632
First Commonwealth Financial
FCF
$2.18B
| $2.79M | ﹤0.01% |
201,800
| – | – |
|
|
LSXMA
1633
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $2.78M | ﹤0.01% |
+125,500
| New | +$2.99M |
|
1634
Kaiser Aluminum
KALU
$2.99B
| $2.78M | ﹤0.01% |
31,600
| – | – |
|
1635
Benchmark Electronics
BHE
$2.94B
| $2.77M | ﹤0.01% |
70,300
| – | – |
|
1636
Greif
GEF
$5.03B
| $2.77M | ﹤0.01% |
48,200
-2,000
| -4% | -$126K |
|
1637
BlackBerry
BB
$5.27B
| $2.77M | ﹤0.01% |
1,108,950
+58,900
| +6% | +$164K |
|
1638
Perdoceo Education
PRDO
$1.96B
| $2.77M | ﹤0.01% |
129,300
| – | – |
|
1639
MannKind Corp
MNKD
$1.2B
| $2.76M | ﹤0.01% |
528,900
| – | – |
|
1640
Upwork
UPWK
$1.08B
| $2.76M | ﹤0.01% |
256,700
+14,800
| +6% | +$168K |
|
|
ELME
1641
Elme Communities
ELME
$144M
| $2.76M | ﹤0.01% |
173,100
| – | – |
|
1642
Chefs' Warehouse
CHEF
$4.53B
| $2.75M | ﹤0.01% |
70,400
| – | – |
|
1643
Northwest Bancshares
NWBI
$2.31B
| $2.75M | ﹤0.01% |
238,000
| – | – |
|
|
DVAX
1644
DELISTED
Dynavax Technologies
DVAX
| $2.74M | ﹤0.01% |
244,078
+1,500
| +0.6% | +$17.5K |
|
1645
US Physical Therapy
USPH
$1.22B
| $2.74M | ﹤0.01% |
29,600
| – | – |
|
1646
Apogee Enterprises
APOG
$897M
| $2.73M | ﹤0.01% |
43,500
| – | – |
|
1647
OneSpaWorld
OSW
$2.73B
| $2.73M | ﹤0.01% |
177,700
+1,300
| +0.7% | +$18.5K |
|
1648
Stock Yards Bancorp
SYBT
$2.64B
| $2.73M | ﹤0.01% |
54,923
| – | – |
|
|
EVBG
1649
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $2.71M | ﹤0.01% |
77,500
-3,600
| -4% | -$125K |
|
1650
Goosehead Insurance
GSHD
$2.33B
| $2.71M | ﹤0.01% |
47,200
+3,800
| +9% | +$228K |
|
Similar funds
Swiss National Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Swiss National Bank held 2,546 positions worth $146B, up 2% from $143B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Swiss National Bank's Q2 2024 filing shows 41 new, 569 increased, 1,097 reduced and 88 closed positions. Its largest new stake was GE Vernova: 811,465 shares worth $139M. The largest sale was Pioneer Natural Resource Co., an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2024 buy was GE Vernova: 811,465 shares worth $139M.
- Swiss National Bank added most to ExxonMobil in Q2 2024, an estimated $153M increase.
- Swiss National Bank's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $135M.
- Swiss National Bank fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $184M.
- Swiss National Bank's ten largest holdings make up 33% of its $146B portfolio in Q2 2024.
- Swiss National Bank opened 41 new positions and closed 88 in Q2 2024.
- Swiss National Bank's portfolio value rose 2% quarter-over-quarter to $146B.
Based on Swiss National Bank's 13F filing for Q2 2024, filed 8 Aug 2024.