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 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Abercrombie & Fitch
ANF
$5.26B
| $1.97M | ﹤0.01% |
122,500
+2,600
| +2% | +$60.1K |
|
1702
Tennant Co
TNC
$1.15B
| $1.97M | ﹤0.01% |
32,100
+800
| +3% | +$49.9K |
|
1703
Trupanion
TRUP
$1.33B
| $1.96M | ﹤0.01% |
54,310
+5,600
| +11% | +$184K |
|
|
RDUS
1704
DELISTED
Radius Health, Inc.
RDUS
| $1.96M | ﹤0.01% |
80,500
+10,000
| +14% | +$219K |
|
1705
Oil States International
OIS
$529M
| $1.96M | ﹤0.01% |
106,900
+3,000
| +3% | +$53.8K |
|
|
MTSC
1706
DELISTED
MTS Systems Corp
MTSC
| $1.96M | ﹤0.01% |
33,400
+900
| +3% | +$50.1K |
|
1707
Fate Therapeutics
FATE
$318M
| $1.95M | ﹤0.01% |
96,100
+2,100
| +2% | +$37.8K |
|
1708
Virtu Financial
VIRT
$4.94B
| $1.94M | ﹤0.01% |
88,900
+1,900
| +2% | +$44.7K |
|
1709
3D Systems Corp
DDD
$625M
| $1.93M | ﹤0.01% |
212,450
+4,400
| +2% | +$41.7K |
|
|
GRP.U
1710
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $1.93M | ﹤0.01% |
42,000
+1,600
| +4% | +$73.8K |
|
1711
Southside Bancshares
SBSI
$967M
| $1.93M | ﹤0.01% |
59,618
+8,300
| +16% | +$281K |
|
1712
TriCo Bancshares
TCBK
$1.84B
| $1.93M | ﹤0.01% |
51,000
+3,800
| +8% | +$148K |
|
1713
Piper Sandler
PIPR
$5.4B
| $1.92M | ﹤0.01% |
103,600
+1,600
| +2% | +$30.2K |
|
1714
United Fire Group
UFCS
$1.39B
| $1.92M | ﹤0.01% |
39,700
+800
| +2% | +$36.6K |
|
1715
Independence Realty Trust
IRT
$3.94B
| $1.92M | ﹤0.01% |
166,100
+4,100
| +3% | +$45K |
|
1716
Central Garden & Pet Co Class A
CENTA
$2.39B
| $1.92M | ﹤0.01% |
97,500
+2,250
| +2% | +$45.2K |
|
|
KEM
1717
DELISTED
KEMET Corporation
KEM
| $1.92M | ﹤0.01% |
102,100
+7,900
| +8% | +$138K |
|
1718
Innoviva
INVA
$1.5B
| $1.92M | ﹤0.01% |
131,700
+2,800
| +2% | +$39.7K |
|
1719
Rush Enterprises Class A
RUSHA
$9.48B
| $1.92M | ﹤0.01% |
118,125
-6,750
| -5% | -$118K |
|
|
FBC
1720
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.92M | ﹤0.01% |
57,800
| – | – |
|
|
CSW
1721
CSW Industrials
CSW
$5.75B
| $1.91M | ﹤0.01% |
28,049
+400
| +1% | +$25K |
|
1722
CBIZ
CBZ
$2.97B
| $1.91M | ﹤0.01% |
97,300
+1,300
| +1% | +$26.1K |
|
1723
Mativ Holdings
MATV
$719M
| $1.9M | ﹤0.01% |
57,200
+1,100
| +2% | +$37.2K |
|
|
ARQL
1724
DELISTED
Arqule Inc
ARQL
| $1.9M | ﹤0.01% |
172,400
+8,800
| +5% | +$61.3K |
|
|
EVOP
1725
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $1.89M | ﹤0.01% |
+60,000
| New | +$1.75M |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
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 Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.