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 |
Viatris
VTRS
|
+$46.9M |
| 2 |
Cloudflare
NET
|
+$38.2M |
| 3 |
10x Genomics
TXG
|
+$33.7M |
| 4 |
Teladoc Health
TDOC
|
+$31.9M |
| 5 |
Pinduoduo
PDD
|
+$31.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$349M |
| 2 |
Microsoft
MSFT
|
+$191M |
| 3 |
Amazon
AMZN
|
+$136M |
| 4 |
Meta Platforms (Facebook)
META
|
+$77M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$73.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.42% |
| 2 | Healthcare | 14.37% |
| 3 | Consumer Discretionary | 13.81% |
| 4 | Communication Services | 10.64% |
| 5 | Industrials | 8.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Standex International
SXI
$3.97B
| $2.18M | ﹤0.01% |
28,100
| – | – |
|
1852
BellRing Brands
BRBR
$1.28B
| $2.17M | ﹤0.01% |
89,400
| – | – |
|
|
MIK
1853
DELISTED
Michaels Stores, Inc
MIK
| $2.17M | ﹤0.01% |
166,943
| – | – |
|
|
PRA
1854
DELISTED
ProAssurance
PRA
| $2.17M | ﹤0.01% |
122,000
| – | – |
|
1855
Pilgrim's Pride
PPC
$6.57B
| $2.16M | ﹤0.01% |
110,300
-29,000
| -21% | -$525K |
|
1856
Kosmos Energy
KOS
$1.51B
| $2.16M | ﹤0.01% |
918,300
| – | – |
|
1857
OFG Bancorp
OFG
$2.26B
| $2.16M | ﹤0.01% |
116,400
| – | – |
|
1858
AMC Global Media
AMCX
$496M
| $2.16M | ﹤0.01% |
60,300
-27,000
| -31% | -$755K |
|
|
INN
1859
Summit Hotel Properties
INN
$656M
| $2.16M | ﹤0.01% |
239,300
| – | – |
|
1860
StoneX
SNEX
$8.05B
| $2.15M | ﹤0.01% |
188,325
+2,025
| +1% | +$22.9K |
|
1861
Tompkins Financial
TMP
$1.45B
| $2.15M | ﹤0.01% |
30,400
| – | – |
|
|
BRKL
1862
DELISTED
Brookline Bancorp
BRKL
| $2.14M | ﹤0.01% |
177,900
| – | – |
|
|
DCH
1863
Dauch Corp
DCH
$1.6B
| $2.14M | ﹤0.01% |
256,300
| – | – |
|
1864
TriCo Bancshares
TCBK
$1.86B
| $2.14M | ﹤0.01% |
60,600
-700
| -1% | -$22.1K |
|
1865
Employers Holdings
EIG
$871M
| $2.13M | ﹤0.01% |
66,200
-2,600
| -4% | -$83.9K |
|
|
ATCO
1866
DELISTED
Atlas Corp.
ATCO
| $2.13M | ﹤0.01% |
+196,600
| New | +$2.02M |
|
1867
NexGen Energy
NXE
$6.97B
| $2.13M | ﹤0.01% |
770,900
+31,300
| +4% | +$62.7K |
|
|
TRHC
1868
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $2.13M | ﹤0.01% |
49,600
| – | – |
|
|
EBIX
1869
DELISTED
Ebix Inc
EBIX
| $2.12M | ﹤0.01% |
55,900
+600
| +1% | +$16.9K |
|
|
ATRI
1870
DELISTED
Atrion Corp
ATRI
| $2.12M | ﹤0.01% |
3,302
| – | – |
|
1871
SiTime
SITM
$20.7B
| $2.12M | ﹤0.01% |
+18,900
| New | +$1.79M |
|
1872
Zentalis Pharmaceuticals
ZNTL
$297M
| $2.11M | ﹤0.01% |
+40,700
| New | +$1.84M |
|
|
SWI
1873
DELISTED
SolarWinds Corporation Common Stock
SWI
| $2.11M | ﹤0.01% |
133,952
| – | – |
|
|
GNMK
1874
DELISTED
GenMark Diagnostics, Inc
GNMK
| $2.11M | ﹤0.01% |
144,600
+1,300
| +0.9% | +$17.2K |
|
1875
Tanger
SKT
$4.42B
| $2.11M | ﹤0.01% |
211,800
| – | – |
|
Similar funds
Swiss National Bank's Q4 2020 Portfolio in Review
As of Q4 2020, Swiss National Bank held 2,555 positions worth $141B, up 10% from $128B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Swiss National Bank's Q4 2020 filing shows 125 new, 501 increased, 893 reduced and 65 closed positions. Its largest new stake was Cloudflare: 582,300 shares worth $44.2M. The largest sale was Apple, an estimated $349M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q4 2020 buy was Cloudflare: 582,300 shares worth $44.2M.
- Swiss National Bank added most to Viatris in Q4 2020, an estimated $46.9M increase.
- Swiss National Bank's biggest Q4 2020 reduction was Apple, cutting an estimated $349M.
- Swiss National Bank fully exited Immunomedics Inc in Q4 2020, selling an estimated $37.8M.
- Swiss National Bank's ten largest holdings make up 24% of its $141B portfolio in Q4 2020.
- Swiss National Bank opened 125 new positions and closed 65 in Q4 2020.
- Swiss National Bank's portfolio value rose 10% quarter-over-quarter to $141B.
Based on Swiss National Bank's 13F filing for Q4 2020, filed 5 Feb 2021.