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 | |
|---|---|---|---|---|---|---|
1676
First Bancorp
FBNC
$2.74B
| $3.52M | ﹤0.01% |
84,200
+5,700
| +7% | +$254K |
|
1677
FB Financial Corp
FBK
$3.1B
| $3.51M | ﹤0.01% |
78,983
+6,100
| +8% | +$273K |
|
|
ILPT
1678
Industrial Logistics Properties Trust
ILPT
$611M
| $3.51M | ﹤0.01% |
154,647
+10,700
| +7% | +$244K |
|
1679
Acushnet Holdings
GOLF
$5.25B
| $3.5M | ﹤0.01% |
87,000
+5,600
| +7% | +$253K |
|
1680
Astrana Health
ASTH
$1.87B
| $3.5M | ﹤0.01% |
72,244
+5,200
| +8% | +$268K |
|
|
GOOS
1681
Canada Goose Holdings
GOOS
$850M
| $3.49M | ﹤0.01% |
132,900
+1,600
| +1% | +$45.9K |
|
1682
TTM Technologies
TTMI
$14.6B
| $3.48M | ﹤0.01% |
234,500
+9,500
| +4% | +$130K |
|
1683
Core Laboratories
CLB
$569M
| $3.46M | ﹤0.01% |
109,400
+7,100
| +7% | +$199K |
|
1684
Domo
DOMO
$187M
| $3.46M | ﹤0.01% |
68,400
+5,600
| +9% | +$255K |
|
1685
Tennant Co
TNC
$1.15B
| $3.46M | ﹤0.01% |
43,900
+2,800
| +7% | +$221K |
|
1686
Protolabs
PRLB
$2.21B
| $3.45M | ﹤0.01% |
65,300
+4,100
| +7% | +$216K |
|
1687
TAL Education Group
TAL
$6.43B
| $3.45M | ﹤0.01% |
1,146,765
+130,900
| +13% | +$402K |
|
1688
Alamo Group
ALG
$1.99B
| $3.45M | ﹤0.01% |
24,000
+1,700
| +8% | +$246K |
|
|
SVC
1689
Service Properties Trust
SVC
$1.06B
| $3.45M | ﹤0.01% |
78,078
+5,420
| +7% | +$236K |
|
1690
PJT Partners
PJT
$4.57B
| $3.44M | ﹤0.01% |
54,535
+3,400
| +7% | +$221K |
|
|
MODV
1691
DELISTED
ModivCare
MODV
| $3.44M | ﹤0.01% |
29,800
+1,900
| +7% | +$219K |
|
1692
Liberty Energy
LBRT
$3.45B
| $3.44M | ﹤0.01% |
231,900
+16,100
| +7% | +$206K |
|
1693
The Bancorp
TBBK
$2.82B
| $3.43M | ﹤0.01% |
121,200
+8,200
| +7% | +$236K |
|
1694
Unisys
UIS
$210M
| $3.43M | ﹤0.01% |
158,800
+10,700
| +7% | +$217K |
|
1695
OSI Systems
OSIS
$3.77B
| $3.43M | ﹤0.01% |
40,300
+2,700
| +7% | +$227K |
|
|
PRA
1696
DELISTED
ProAssurance
PRA
| $3.43M | ﹤0.01% |
127,600
+8,800
| +7% | +$218K |
|
1697
Schneider National
SNDR
$6.37B
| $3.42M | ﹤0.01% |
134,200
+9,500
| +8% | +$247K |
|
1698
Energy Fuels
UUUU
$3.64B
| $3.41M | ﹤0.01% |
370,300
+41,600
| +13% | +$324K |
|
|
ARGO
1699
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $3.41M | ﹤0.01% |
82,516
+5,600
| +7% | +$269K |
|
1700
Cohu
COHU
$2.76B
| $3.4M | ﹤0.01% |
115,050
+8,100
| +8% | +$259K |
|
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.