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 |
Alibaba
BABA
|
+$221M |
| 2 |
Fidelity National Information Services
FIS
|
+$129M |
| 3 |
Global Payments
GPN
|
+$77.2M |
| 4 |
L3Harris
LHX
|
+$70.9M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WP
Worldpay, Inc.
WP
|
+$123M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$118M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$115M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$70.3M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 12.02% |
| 4 | Communication Services | 10.18% |
| 5 | Industrials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DMC
1651
Del Monte Corp
DMC
$1.44B
| $2.02M | ﹤0.01% |
59,100
+500
| +0.9% | +$14.2K |
|
1652
G-III Apparel Group
GIII
$1.43B
| $2.01M | ﹤0.01% |
78,100
| – | – |
|
|
ISCA
1653
DELISTED
International Speedway Corp
ISCA
| $2.01M | ﹤0.01% |
44,600
+400
| +0.9% | +$18K |
|
1654
Middlesex Water
MSEX
$1.11B
| $2M | ﹤0.01% |
30,862
+400
| +1% | +$24.3K |
|
1655
First Bancorp
FBNC
$2.74B
| $2M | ﹤0.01% |
55,800
+500
| +0.9% | +$17.9K |
|
|
APLS
1656
DELISTED
Apellis Pharmaceuticals
APLS
| $2M | ﹤0.01% |
83,100
+2,000
| +2% | +$55K |
|
1657
Benchmark Electronics
BHE
$2.89B
| $1.99M | ﹤0.01% |
68,600
-3,300
| -5% | -$88.2K |
|
1658
Arbor Realty Trust
ABR
$981M
| $1.99M | ﹤0.01% |
151,751
+16,700
| +12% | +$209K |
|
|
BOLD
1659
DELISTED
Audentes Therapeutics, Inc
BOLD
| $1.98M | ﹤0.01% |
70,500
+3,000
| +4% | +$102K |
|
1660
Coherus Oncology
CHRS
$176M
| $1.98M | ﹤0.01% |
97,700
+2,800
| +3% | +$55.9K |
|
|
VBTX
1661
DELISTED
Veritex Holdings
VBTX
| $1.98M | ﹤0.01% |
81,417
+1,500
| +2% | +$36.9K |
|
|
AVTA
1662
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.97M | ﹤0.01% |
90,800
+1,400
| +2% | +$35.3K |
|
|
SWN
1663
DELISTED
Southwestern Energy Company
SWN
| $1.96M | ﹤0.01% |
1,017,400
+10,200
| +1% | +$21.9K |
|
|
SGMO
1664
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.96M | ﹤0.01% |
216,360
+6,000
| +3% | +$67.3K |
|
|
LNW
1665
DELISTED
Light & Wonder
LNW
| $1.95M | ﹤0.01% |
95,900
+1,500
| +2% | +$29.6K |
|
1666
Enterprise Financial Services Corp
EFSC
$2.4B
| $1.95M | ﹤0.01% |
47,864
+600
| +1% | +$24.2K |
|
1667
ePlus
PLUS
$2.31B
| $1.95M | ﹤0.01% |
51,256
+600
| +1% | +$23.1K |
|
1668
Abercrombie & Fitch
ANF
$4.84B
| $1.95M | ﹤0.01% |
124,900
+2,400
| +2% | +$40.1K |
|
1669
M/I Homes
MHO
$3.9B
| $1.94M | ﹤0.01% |
51,600
+400
| +0.8% | +$13.8K |
|
1670
SM Energy
SM
$7.71B
| $1.94M | ﹤0.01% |
200,450
+2,000
| +1% | +$20.4K |
|
|
CSW
1671
CSW Industrials
CSW
$5.59B
| $1.94M | ﹤0.01% |
28,049
| – | – |
|
|
KRA
1672
DELISTED
Kraton Corporation
KRA
| $1.93M | ﹤0.01% |
59,900
+500
| +0.8% | +$15K |
|
|
VRTU
1673
DELISTED
Virtusa Corporation
VRTU
| $1.93M | ﹤0.01% |
53,700
+800
| +2% | +$32.1K |
|
1674
Innovative Industrial Properties
IIPR
$1.67B
| $1.93M | ﹤0.01% |
20,900
+3,600
| +21% | +$379K |
|
1675
Radware
RDWR
$1.25B
| $1.93M | ﹤0.01% |
79,500
+3,700
| +5% | +$92.4K |
|
Similar funds
Swiss National Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Swiss National Bank held 2,556 positions worth $94.1B, up 1.5% from $92.7B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 1.5%. Swiss National Bank opened 2 new positions and exited 36, leaving the 2,556-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 369,509 shares worth $1.78M.
- Swiss National Bank added most to Alibaba in Q3 2019, an estimated $221M increase.
- Swiss National Bank's biggest Q3 2019 reduction was Apple, cutting an estimated $39.3M.
- Swiss National Bank fully exited Worldpay, Inc. in Q3 2019, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 19% of its $94.1B portfolio in Q3 2019.
- Swiss National Bank opened 2 new positions and closed 36 in Q3 2019.
- Swiss National Bank's portfolio value rose 1.5% quarter-over-quarter to $94.1B.
Based on Swiss National Bank's 13F filing for Q3 2019, filed 12 Nov 2019.