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 | |
|---|---|---|---|---|---|---|
|
SAND
1651
DELISTED
Sandstorm Gold
SAND
| $3.67M | ﹤0.01% |
455,562
+23,700
| +5% | +$163K |
|
|
CERE
1652
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $3.65M | ﹤0.01% |
104,400
+8,800
| +9% | +$257K |
|
1653
Palomar
PLMR
$3.37B
| $3.65M | ﹤0.01% |
57,100
+4,000
| +8% | +$227K |
|
1654
Interparfums
IPAR
$3.7B
| $3.64M | ﹤0.01% |
41,300
+3,100
| +8% | +$287K |
|
1655
Oxford Industries
OXM
$542M
| $3.62M | ﹤0.01% |
40,000
+2,800
| +8% | +$247K |
|
|
ANAT
1656
DELISTED
American National Group, Inc. Common Stock
ANAT
| $3.61M | ﹤0.01% |
19,113
+1,300
| +7% | +$246K |
|
|
BWIN
1657
Baldwin Insurance Group
BWIN
$2.99B
| $3.61M | ﹤0.01% |
134,600
+12,800
| +11% | +$369K |
|
1658
Mercury Insurance
MCY
$5.81B
| $3.6M | ﹤0.01% |
65,500
+4,500
| +7% | +$242K |
|
1659
Opko Health
OPK
$1.04B
| $3.6M | ﹤0.01% |
1,047,200
+72,900
| +7% | +$257K |
|
1660
Vericel Corp
VCEL
$2.28B
| $3.59M | ﹤0.01% |
94,000
+6,900
| +8% | +$249K |
|
1661
ePlus
PLUS
$2.31B
| $3.58M | ﹤0.01% |
63,956
+4,500
| +8% | +$224K |
|
|
LTC
1662
LTC Properties
LTC
$2.1B
| $3.58M | ﹤0.01% |
93,062
+6,000
| +7% | +$212K |
|
1663
Oceaneering
OII
$5.11B
| $3.58M | ﹤0.01% |
236,048
+15,700
| +7% | +$226K |
|
|
ECOL
1664
DELISTED
US Ecology, Inc.
ECOL
| $3.57M | ﹤0.01% |
74,600
+5,100
| +7% | +$204K |
|
1665
Rocket Companies
RKT
$42.6B
| $3.55M | ﹤0.01% |
319,500
+14,900
| +5% | +$184K |
|
1666
Granite Construction
GVA
$5.41B
| $3.55M | ﹤0.01% |
108,300
+7,100
| +7% | +$245K |
|
1667
Upbound Group
UPBD
$1.15B
| $3.54M | ﹤0.01% |
140,700
+8,800
| +7% | +$318K |
|
|
HAPN
1668
Happen Inc
HAPN
$2.27B
| $3.54M | ﹤0.01% |
224,360
+18,200
| +9% | +$337K |
|
1669
Kaiser Aluminum
KALU
$2.99B
| $3.53M | ﹤0.01% |
37,500
+2,600
| +7% | +$251K |
|
1670
BancFirst
BANF
$3.89B
| $3.53M | ﹤0.01% |
42,418
+2,800
| +7% | +$217K |
|
1671
Liberty Latin America Class C
LILAK
$1.65B
| $3.53M | ﹤0.01% |
404,489
+27,500
| +7% | +$261K |
|
|
PR
1672
Permian Resources
PR
$17.7B
| $3.52M | ﹤0.01% |
436,600
+36,700
| +9% | +$290K |
|
|
TSE
1673
DELISTED
Trinseo
TSE
| $3.52M | ﹤0.01% |
73,500
+5,000
| +7% | +$263K |
|
1674
Monro
MNRO
$352M
| $3.52M | ﹤0.01% |
79,342
+5,300
| +7% | +$259K |
|
1675
Addus HomeCare
ADUS
$2.2B
| $3.52M | ﹤0.01% |
37,700
+2,600
| +7% | +$209K |
|
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.