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 | |
|---|---|---|---|---|---|---|
1751
Amphastar Pharmaceuticals
AMPH
$858M
| $1.88M | ﹤0.01% |
83,900
+16,100
| +24% | +$295K |
|
1752
Archrock
AROC
$5.84B
| $1.88M | ﹤0.01% |
290,100
+39,700
| +16% | +$208K |
|
1753
National Bank Holdings
NBHC
$1.94B
| $1.88M | ﹤0.01% |
69,600
+12,200
| +21% | +$311K |
|
|
CHCT
1754
Community Healthcare Trust
CHCT
$430M
| $1.87M | ﹤0.01% |
45,800
+8,600
| +23% | +$322K |
|
|
ALEX
1755
DELISTED
Alexander & Baldwin
ALEX
| $1.87M | ﹤0.01% |
153,420
+20,300
| +15% | +$240K |
|
|
LADR
1756
Ladder Capital
LADR
$1.27B
| $1.87M | ﹤0.01% |
230,807
+53,500
| +30% | +$402K |
|
1757
TriCo Bancshares
TCBK
$1.84B
| $1.87M | ﹤0.01% |
61,300
+8,000
| +15% | +$228K |
|
|
VSTO
1758
DELISTED
Vista Outdoor Inc.
VSTO
| $1.87M | ﹤0.01% |
129,200
+17,000
| +15% | +$170K |
|
|
NP
1759
DELISTED
Neenah, Inc. Common Stock
NP
| $1.86M | ﹤0.01% |
37,600
+5,000
| +15% | +$240K |
|
1760
Interparfums
IPAR
$3.78B
| $1.86M | ﹤0.01% |
38,600
+5,000
| +15% | +$225K |
|
1761
Standard Motor Products
SMP
$877M
| $1.86M | ﹤0.01% |
45,100
+5,900
| +15% | +$239K |
|
1762
3D Systems Corp
DDD
$601M
| $1.85M | ﹤0.01% |
264,550
+34,900
| +15% | +$261K |
|
1763
BioCryst Pharmaceuticals
BCRX
$2.51B
| $1.84M | ﹤0.01% |
385,668
+86,868
| +29% | +$347K |
|
1764
CEVA Inc
CEVA
$855M
| $1.84M | ﹤0.01% |
49,100
+6,400
| +15% | +$205K |
|
1765
Primoris Services
PRIM
$4.39B
| $1.83M | ﹤0.01% |
103,200
+19,200
| +23% | +$303K |
|
|
WBT
1766
DELISTED
Welbilt, Inc.
WBT
| $1.83M | ﹤0.01% |
300,000
+40,100
| +15% | +$217K |
|
|
TCDA
1767
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.82M | ﹤0.01% |
66,400
+27,900
| +72% | +$760K |
|
1768
First Commonwealth Financial
FCF
$2.18B
| $1.82M | ﹤0.01% |
219,500
+28,800
| +15% | +$243K |
|
|
VBTX
1769
DELISTED
Veritex Holdings
VBTX
| $1.82M | ﹤0.01% |
102,617
+22,100
| +27% | +$359K |
|
1770
OraSure Technologies
OSUR
$277M
| $1.81M | ﹤0.01% |
155,800
+37,600
| +32% | +$488K |
|
1771
Invesco Mortgage Capital
IVR
$805M
| $1.8M | ﹤0.01% |
48,041
+16,571
| +53% | +$570K |
|
1772
Kirby Corp
KEX
$7.26B
| $1.8M | ﹤0.01% |
33,557
+4,500
| +15% | +$230K |
|
|
BRKL
1773
DELISTED
Brookline Bancorp
BRKL
| $1.79M | ﹤0.01% |
177,900
+23,200
| +15% | +$232K |
|
1774
TFS Financial
TFSL
$4.89B
| $1.79M | ﹤0.01% |
125,000
+16,400
| +15% | +$236K |
|
1775
Douglas Dynamics
PLOW
$981M
| $1.79M | ﹤0.01% |
50,900
+6,700
| +15% | +$232K |
|
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.