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
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.22% |
| 2 | Healthcare | 14.23% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.53% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
TG Therapeutics
TGTX
$7.4B
| $2.73M | ﹤0.01% |
287,300
+20,100
| +8% | +$233K |
|
|
MNRL
1852
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $2.73M | ﹤0.01% |
106,900
+7,300
| +7% | +$169K |
|
1853
Alpha and Omega Semiconductor
AOSL
$945M
| $2.73M | ﹤0.01% |
49,900
+3,800
| +8% | +$198K |
|
1854
Hillman Solutions
HLMN
$1.73B
| $2.72M | ﹤0.01% |
229,300
+22,900
| +11% | +$225K |
|
|
SHYF
1855
DELISTED
The Shyft Group
SHYF
| $2.72M | ﹤0.01% |
75,300
+5,400
| +8% | +$230K |
|
|
SNBR
1856
DELISTED
Sleep Number
SNBR
| $2.72M | ﹤0.01% |
53,600
+1,600
| +3% | +$109K |
|
1857
Employers Holdings
EIG
$868M
| $2.72M | ﹤0.01% |
66,200
+3,600
| +6% | +$144K |
|
1858
Tompkins Financial
TMP
$1.45B
| $2.72M | ﹤0.01% |
34,700
+2,300
| +7% | +$185K |
|
|
VTLE
1859
DELISTED
Vital Energy
VTLE
| $2.71M | ﹤0.01% |
34,300
+4,300
| +14% | +$312K |
|
|
CANO
1860
DELISTED
Cano Health, Inc.
CANO
| $2.71M | ﹤0.01% |
4,265
+429
| +11% | +$270K |
|
1861
Coeur Mining
CDE
$18.8B
| $2.7M | ﹤0.01% |
607,500
+41,300
| +7% | +$197K |
|
|
TE
1862
T1 Energy
TE
$1.48B
| $2.7M | ﹤0.01% |
220,300
+15,300
| +7% | +$147K |
|
1863
Center Bancorp
CNOB
$1.82B
| $2.7M | ﹤0.01% |
84,300
+5,400
| +7% | +$181K |
|
1864
Clear Channel Outdoor Holdings
CCO
$1.21B
| $2.7M | ﹤0.01% |
779,100
+57,200
| +8% | +$194K |
|
1865
Nicolet Bankshares
NIC
$3.76B
| $2.69M | ﹤0.01% |
28,800
+1,900
| +7% | +$177K |
|
1866
Coursera
COUR
$1.49B
| $2.68M | ﹤0.01% |
116,300
+10,200
| +10% | +$209K |
|
|
PENG
1867
Penguin Solutions Inc
PENG
$3.23B
| $2.68M | ﹤0.01% |
103,700
+7,500
| +8% | +$212K |
|
1868
Nabors Industries
NBR
$1.34B
| $2.67M | ﹤0.01% |
17,500
+1,100
| +7% | +$138K |
|
1869
MGP Ingredients
MGPI
$388M
| $2.67M | ﹤0.01% |
31,200
+2,000
| +7% | +$161K |
|
|
TPTX
1870
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $2.67M | ﹤0.01% |
99,400
+7,100
| +8% | +$239K |
|
1871
Camping World
CWH
$668M
| $2.67M | ﹤0.01% |
95,400
+5,200
| +6% | +$170K |
|
1872
AMC Global Media
AMCX
$500M
| $2.66M | ﹤0.01% |
65,500
+4,400
| +7% | +$178K |
|
|
PFC
1873
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.65M | ﹤0.01% |
87,415
+5,200
| +6% | +$160K |
|
1874
Dime Commercial Bancshares
DCOM
$1.83B
| $2.65M | ﹤0.01% |
76,602
+4,400
| +6% | +$153K |
|
1875
Shenandoah Telecom
SHEN
$743M
| $2.65M | ﹤0.01% |
112,172
+7,600
| +7% | +$172K |
|
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Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.