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 |
Alibaba
BABA
|
+$133M |
| 2 |
AbbVie
ABBV
|
+$110M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$93.9M |
| 4 |
Amazon
AMZN
|
+$91.8M |
| 5 |
Otis Worldwide
OTIS
|
+$84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
RTN
Raytheon Company
RTN
|
+$145M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$51.2M |
| 4 |
Newmont
NEM
|
+$50.7M |
| 5 |
Yum! Brands
YUM
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.6% |
| 2 | Healthcare | 15.16% |
| 3 | Consumer Discretionary | 12.49% |
| 4 | Communication Services | 10.41% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
AvalonBay Communities
AVB
$26.2B
| $150M | 0.13% |
968,145
-8,200
| -0.8% | -$1.3M |
|
152
Hershey
HSY
$36.6B
| $149M | 0.13% |
1,152,491
-21,300
| -2% | -$2.86M |
|
153
L3Harris
LHX
$53.3B
| $148M | 0.13% |
874,306
+16,400
| +2% | +$3.08M |
|
154
Centene
CNC
$32.4B
| $147M | 0.12% |
2,320,597
+54,500
| +2% | +$3.55M |
|
|
XYZ
155
Block Inc
XYZ
$47.3B
| $147M | 0.12% |
1,403,295
+55,900
| +4% | +$4.28M |
|
156
Canadian Pacific Kansas City
CP
$80.7B
| $147M | 0.12% |
2,914,000
+221,000
| +8% | +$10.5M |
|
157
DexCom
DXCM
$33.6B
| $147M | 0.12% |
1,448,828
+27,600
| +2% | +$2.47M |
|
158
General Dynamics
GD
$106B
| $146M | 0.12% |
973,718
+19,400
| +2% | +$2.74M |
|
159
Eversource Energy
ES
$26.7B
| $145M | 0.12% |
1,743,469
+24,100
| +1% | +$2M |
|
160
Ross Stores
ROST
$81.4B
| $143M | 0.12% |
1,680,198
+1,100
| +0.1% | +$99.6K |
|
161
Eaton
ETN
$178B
| $143M | 0.12% |
1,634,900
+30,500
| +2% | +$2.51M |
|
|
CTXS
162
DELISTED
Citrix Systems Inc
CTXS
| $141M | 0.12% |
953,799
-83,400
| -8% | -$12M |
|
163
Exelon
EXC
$46.2B
| $140M | 0.12% |
5,402,526
+112,861
| +2% | +$3M |
|
164
AutoZone
AZO
$49.8B
| $139M | 0.12% |
123,273
-700
| -0.6% | -$737K |
|
165
FedEx
FDX
$76B
| $138M | 0.12% |
980,949
+19,000
| +2% | +$2.39M |
|
166
Synopsys
SNPS
$78.7B
| $136M | 0.12% |
698,898
+5,400
| +0.8% | +$891K |
|
167
SBA Communications
SBAC
$19.3B
| $136M | 0.11% |
454,837
+5,000
| +1% | +$1.48M |
|
168
Sempra
SRE
$55.5B
| $136M | 0.11% |
2,311,696
+123,400
| +6% | +$7.58M |
|
169
O'Reilly Automotive
ORLY
$75.2B
| $133M | 0.11% |
4,733,445
+22,500
| +0.5% | +$588K |
|
|
WCN
170
Waste Connections
WCN
$42.1B
| $132M | 0.11% |
1,407,083
-900
| -0.1% | -$80.2K |
|
|
171
Yum! Brands
YUM
$39.5B
| $130M | 0.11% |
1,501,084
-396,242
| -21% | -$33.8M |
|
172
Agnico Eagle Mines
AEM
$91.9B
| $130M | 0.11% |
2,046,953
+25,400
| +1% | +$1.5M |
|
173
Church & Dwight Co
CHD
$24.4B
| $130M | 0.11% |
1,678,791
-20,000
| -1% | -$1.45M |
|
174
JD.com
JD
$42.9B
| $129M | 0.11% |
2,142,970
+352,718
| +20% | +$17.9M |
|
175
General Motors
GM
$78.4B
| $129M | 0.11% |
5,086,315
+95,400
| +2% | +$2.32M |
|
Similar funds
Swiss National Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Swiss National Bank held 2,599 positions worth $118B, up 26% from $94.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q2 2020 filing shows 119 new, 2,134 increased, 181 reduced and 161 closed positions. Its largest new stake was Otis Worldwide: 1,621,054 shares worth $92.2M. The largest sale was Allergan plc, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2020 buy was Otis Worldwide: 1,621,054 shares worth $92.2M.
- Swiss National Bank added most to Alibaba in Q2 2020, an estimated $133M increase.
- Swiss National Bank's biggest Q2 2020 reduction was Newmont, cutting an estimated $50.7M.
- Swiss National Bank fully exited Allergan plc in Q2 2020, selling an estimated $226M.
- Swiss National Bank's ten largest holdings make up 24% of its $118B portfolio in Q2 2020.
- Swiss National Bank opened 119 new positions and closed 161 in Q2 2020.
- Swiss National Bank's portfolio value rose 26% quarter-over-quarter to $118B.
Based on Swiss National Bank's 13F filing for Q2 2020, filed 5 Aug 2020.