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
|
+$883M |
| 2 |
Microsoft
MSFT
|
+$870M |
| 3 |
Amazon
AMZN
|
+$600M |
| 4 |
Meta Platforms (Facebook)
META
|
+$343M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$52.4M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$32.8M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$29.6M |
| 4 |
MDCO
Medicines Co
MDCO
|
+$12.9M |
| 5 |
INXN
Interxion Holding N.V.
INXN
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.52% |
| 2 | Healthcare | 15.94% |
| 3 | Consumer Discretionary | 11.41% |
| 4 | Communication Services | 10.51% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
TechTarget
TTGT
$265M
| $952K | ﹤0.01% |
46,200
+1,300
| +3% | +$30.9K |
|
1852
Opko Health
OPK
$1.04B
| $951K | ﹤0.01% |
710,000
+61,900
| +10% | +$97K |
|
|
PGTI
1853
DELISTED
PGT, Inc.
PGTI
| $951K | ﹤0.01% |
113,300
+1,200
| +1% | +$17.1K |
|
1854
Ennis
EBF
$556M
| $950K | ﹤0.01% |
50,600
+600
| +1% | +$12K |
|
1855
Nicolet Bankshares
NIC
$3.72B
| $950K | ﹤0.01% |
17,400
+200
| +1% | +$13.4K |
|
1856
Phibro Animal Health
PAHC
$1.37B
| $950K | ﹤0.01% |
39,300
+400
| +1% | +$9.78K |
|
1857
United Natural Foods
UNFI
$2.9B
| $949K | ﹤0.01% |
103,400
+2,500
| +2% | +$19.8K |
|
1858
PC Connection
CNXN
$2.03B
| $948K | ﹤0.01% |
23,000
+300
| +1% | +$13.3K |
|
1859
Range Resources
RRC
$9.39B
| $945K | ﹤0.01% |
414,500
+5,400
| +1% | +$17.2K |
|
1860
Argan
AGX
$8.02B
| $944K | ﹤0.01% |
27,300
+400
| +1% | +$16.6K |
|
1861
Enova International
ENVA
$6.48B
| $943K | ﹤0.01% |
65,100
| – | – |
|
1862
Warrior Met Coal
HCC
$5.11B
| $943K | ﹤0.01% |
88,800
| – | – |
|
1863
Krystal Biotech
KRYS
$9.85B
| $943K | ﹤0.01% |
21,800
+300
| +1% | +$15.7K |
|
|
SPNS
1864
DELISTED
Sapiens International
SPNS
| $943K | ﹤0.01% |
48,549
+710
| +1% | +$16.2K |
|
1865
Archrock
AROC
$5.84B
| $942K | ﹤0.01% |
250,400
+3,100
| +1% | +$22.4K |
|
|
RPT
1866
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $940K | ﹤0.01% |
155,900
+2,000
| +1% | +$25K |
|
1867
International Seaways
INSW
$4.58B
| $939K | ﹤0.01% |
39,300
| – | – |
|
|
HAPN
1868
Happen Inc
HAPN
$2.25B
| $939K | ﹤0.01% |
119,660
+2,800
| +2% | +$31.2K |
|
|
STFC
1869
DELISTED
State Auto Financial Corp
STFC
| $939K | ﹤0.01% |
33,800
+400
| +1% | +$11.4K |
|
1870
Univest Financial
UVSP
$1.18B
| $928K | ﹤0.01% |
56,878
+800
| +1% | +$18.3K |
|
1871
Camden National
CAC
$990M
| $927K | ﹤0.01% |
29,461
| – | – |
|
|
GLDD
1872
DELISTED
Great Lakes Dredge & Dock
GLDD
| $926K | ﹤0.01% |
111,600
+1,700
| +2% | +$16.9K |
|
1873
Antero Midstream
AM
$10.6B
| $923K | ﹤0.01% |
439,300
+2,700
| +0.6% | +$12.9K |
|
1874
V2X
VVX
$2.55B
| $923K | ﹤0.01% |
22,300
+300
| +1% | +$15.3K |
|
|
SP
1875
DELISTED
SP Plus Corporation
SP
| $923K | ﹤0.01% |
44,500
+600
| +1% | +$21.9K |
|
Similar funds
Swiss National Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Swiss National Bank held 2,510 positions worth $94.2B, down 3.4% from $97.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Swiss National Bank deployed $18.4B of net new capital in Q1 2020, opening 4 new positions and adding to 1,998 existing holdings. Its largest new stake was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $5.64M trimmed.
- Swiss National Bank's largest Q1 2020 buy was Luckin Coffee Inc. American Depositary Shares: 165,417 shares worth $4.5M.
- Swiss National Bank added most to Apple in Q1 2020, an estimated $883M increase.
- Swiss National Bank's biggest Q1 2020 reduction was C.H. Robinson, cutting an estimated $5.64M.
- Swiss National Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $52.4M.
- Swiss National Bank's ten largest holdings make up 22% of its $94.2B portfolio in Q1 2020.
- Swiss National Bank opened 4 new positions and closed 30 in Q1 2020.
- Swiss National Bank's portfolio value fell 3.4% quarter-over-quarter to $94.2B.
Based on Swiss National Bank's 13F filing for Q1 2020, filed 8 May 2020.