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 |
Match Group
MTCH
|
+$77.8M |
| 2 |
Zoom
ZM
|
+$65.3M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$56.4M |
| 4 |
Peloton Interactive
PTON
|
+$56.1M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$54.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$189M |
| 2 |
Microsoft
MSFT
|
+$112M |
| 3 |
PPLI
People Inc
PPLI
|
+$80.9M |
| 4 |
Amazon
AMZN
|
+$73.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.26% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.37% |
| 5 | Industrials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Sinclair Inc
SBGI
$1B
| $2.17M | ﹤0.01% |
112,950
-29,400
| -21% | -$593K |
|
1677
CoreCivic
CXW
$3.32B
| $2.17M | ﹤0.01% |
271,118
+5,300
| +2% | +$48.2K |
|
1678
Evolent Health
EVH
$471M
| $2.16M | ﹤0.01% |
174,400
+3,700
| +2% | +$43.5K |
|
1679
AMC Global Media
AMCX
$485M
| $2.16M | ﹤0.01% |
87,300
-6,200
| -7% | -$149K |
|
|
MRSN
1680
DELISTED
Mersana Therapeutics
MRSN
| $2.16M | ﹤0.01% |
4,632
+148
| +3% | +$74.8K |
|
1681
Seacoast Banking Corp of Florida
SBCF
$3.44B
| $2.15M | ﹤0.01% |
119,500
+4,600
| +4% | +$89.2K |
|
1682
Camping World
CWH
$659M
| $2.15M | ﹤0.01% |
72,300
+1,300
| +2% | +$42.4K |
|
1683
Mativ Holdings
MATV
$690M
| $2.15M | ﹤0.01% |
70,700
+1,700
| +2% | +$53.4K |
|
|
ZGNX
1684
DELISTED
Zogenix, Inc.
ZGNX
| $2.14M | ﹤0.01% |
119,200
+4,900
| +4% | +$120K |
|
1685
Usana Health Sciences
USNA
$250M
| $2.13M | ﹤0.01% |
28,900
| – | – |
|
|
VCRA
1686
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.11M | ﹤0.01% |
72,600
+1,400
| +2% | +$37.8K |
|
1687
Sonic Automotive
SAH
$2.56B
| $2.11M | ﹤0.01% |
52,500
+1,400
| +3% | +$56.8K |
|
1688
Hope Bancorp
HOPE
$1.83B
| $2.1M | ﹤0.01% |
277,457
| – | – |
|
|
ECOL
1689
DELISTED
US Ecology, Inc.
ECOL
| $2.1M | ﹤0.01% |
64,300
+1,100
| +2% | +$38.5K |
|
|
WDR
1690
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $2.1M | ﹤0.01% |
141,300
-2,600
| -2% | -$39.7K |
|
1691
City Holding Co
CHCO
$2.08B
| $2.1M | ﹤0.01% |
36,400
| – | – |
|
1692
Upland Software
UPLD
$14.9M
| $2.09M | ﹤0.01% |
5,550
+760
| +16% | +$274K |
|
|
CVA
1693
DELISTED
Covanta Holding Corporation
CVA
| $2.09M | ﹤0.01% |
269,200
+5,100
| +2% | +$46.8K |
|
1694
Pilgrim's Pride
PPC
$6.4B
| $2.08M | ﹤0.01% |
139,300
| – | – |
|
|
SILV
1695
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $2.08M | ﹤0.01% |
246,800
+36,200
| +17% | +$343K |
|
1696
Employers Holdings
EIG
$864M
| $2.08M | ﹤0.01% |
68,800
-1,400
| -2% | -$44.3K |
|
|
FOE
1697
DELISTED
Ferro Corporation
FOE
| $2.08M | ﹤0.01% |
167,800
+3,200
| +2% | +$39.7K |
|
1698
Pitney Bowes
PBI
$2.28B
| $2.08M | ﹤0.01% |
391,300
+5,100
| +1% | +$23.5K |
|
|
KAMN
1699
DELISTED
Kaman Corp
KAMN
| $2.08M | ﹤0.01% |
53,300
+500
| +0.9% | +$21.5K |
|
|
GTY
1700
Getty Realty Corp
GTY
$2.04B
| $2.07M | ﹤0.01% |
79,709
+1,200
| +2% | +$34.7K |
|
Similar funds
Swiss National Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Swiss National Bank held 2,445 positions worth $128B, up 8.1% from $118B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 0.9%. Swiss National Bank opened 7 new positions and exited 15, leaving the 2,445-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2020 buy was Peloton Interactive: 762,000 shares worth $75.6M.
- Swiss National Bank added most to Match Group in Q3 2020, an estimated $77.8M increase.
- Swiss National Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $189M.
- Swiss National Bank fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $14.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $128B portfolio in Q3 2020.
- Swiss National Bank opened 7 new positions and closed 15 in Q3 2020.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $128B.
Based on Swiss National Bank's 13F filing for Q3 2020, filed 9 Nov 2020.