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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Par Pacific Holdings
PARR
$4.12B
| $2.7M | ﹤0.01% |
116,159
+2,100
| +2% | +$45.7K |
|
1702
Vericel Corp
VCEL
$2.28B
| $2.7M | ﹤0.01% |
102,500
+1,900
| +2% | +$45.2K |
|
1703
DigitalOcean
DOCN
$15.6B
| $2.68M | ﹤0.01% |
105,300
-3,600
| -3% | -$113K |
|
|
SAND
1704
DELISTED
Sandstorm Gold
SAND
| $2.68M | ﹤0.01% |
509,662
+7,500
| +1% | +$38.3K |
|
1705
Sphere Entertainment
SPHR
$6.33B
| $2.67M | ﹤0.01% |
59,459
+1,300
| +2% | +$58.9K |
|
1706
NeoGenomics
NEO
$2.11B
| $2.67M | ﹤0.01% |
288,500
+7,500
| +3% | +$69.9K |
|
1707
Kforce
KFRC
$1.08B
| $2.66M | ﹤0.01% |
48,600
+600
| +1% | +$34.7K |
|
1708
Clearfield
CLFD
$390M
| $2.66M | ﹤0.01% |
28,300
+500
| +2% | +$52.7K |
|
1709
Schrodinger
SDGR
$1.38B
| $2.66M | ﹤0.01% |
142,300
+2,700
| +2% | +$56K |
|
1710
Fortuna Silver Mines
FSM
$3.1B
| $2.66M | ﹤0.01% |
707,130
+9,900
| +1% | +$32.7K |
|
1711
Construction Partners
ROAD
$6.73B
| $2.65M | ﹤0.01% |
99,400
+1,700
| +2% | +$48.7K |
|
1712
Amphastar Pharmaceuticals
AMPH
$858M
| $2.65M | ﹤0.01% |
94,600
+2,000
| +2% | +$58.1K |
|
|
SWIR
1713
DELISTED
Sierra Wireless
SWIR
| $2.65M | ﹤0.01% |
91,500
| – | – |
|
1714
Southside Bancshares
SBSI
$984M
| $2.65M | ﹤0.01% |
73,618
+1,100
| +2% | +$39K |
|
1715
Wabash National
WNC
$509M
| $2.65M | ﹤0.01% |
117,200
+900
| +0.8% | +$19.5K |
|
|
AVTA
1716
DELISTED
Avantax, Inc. Common Stock
AVTA
| $2.65M | ﹤0.01% |
103,700
+2,900
| +3% | +$66.5K |
|
|
PWSC
1717
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $2.64M | ﹤0.01% |
114,600
+2,600
| +2% | +$50.9K |
|
1718
Seaboard Corp
SEB
$4.08B
| $2.64M | ﹤0.01% |
700
+13
| +2% | +$49K |
|
1719
The Greenbrier Companies
GBX
$1.42B
| $2.64M | ﹤0.01% |
78,700
+1,700
| +2% | +$56.6K |
|
1720
Malibu Boats
MBUU
$573M
| $2.64M | ﹤0.01% |
49,500
+900
| +2% | +$48.3K |
|
1721
Talos Energy
TALO
$2.58B
| $2.64M | ﹤0.01% |
139,600
+2,600
| +2% | +$52.2K |
|
1722
Monarch Casino & Resort
MCRI
$2.2B
| $2.63M | ﹤0.01% |
34,211
+600
| +2% | +$45.4K |
|
1723
Tennant Co
TNC
$1.15B
| $2.62M | ﹤0.01% |
42,600
+700
| +2% | +$42.8K |
|
|
NXGN
1724
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.62M | ﹤0.01% |
139,600
+4,300
| +3% | +$82.9K |
|
1725
TPG
TPG
$8.86B
| $2.62M | ﹤0.01% |
94,200
+10,200
| +12% | +$321K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.