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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Marcus & Millichap
MMI
$1.21B
| $2.16M | ﹤0.01% |
62,700
+2,800
| +5% | +$99.4K |
|
1852
Sturm, Ruger & Co
RGR
$600M
| $2.16M | ﹤0.01% |
42,600
+1,000
| +2% | +$54.3K |
|
1853
Cars.com
CARS
$672M
| $2.16M | ﹤0.01% |
156,500
| – | – |
|
1854
Healthcare Services Group
HCSG
$1.45B
| $2.15M | ﹤0.01% |
178,863
+3,300
| +2% | +$43.6K |
|
1855
Camping World
CWH
$675M
| $2.14M | ﹤0.01% |
96,000
+2,100
| +2% | +$54.5K |
|
|
BBBY
1856
Bed Bath & Beyond
BBBY
$421M
| $2.14M | ﹤0.01% |
121,330
+9,460
| +8% | +$203K |
|
1857
Mesa Laboratories
MLAB
$634M
| $2.13M | ﹤0.01% |
12,802
+400
| +3% | +$62.7K |
|
1858
C3.ai
AI
$1.58B
| $2.13M | ﹤0.01% |
190,000
+7,000
| +4% | +$87.6K |
|
1859
Enovix
ENVX
$964M
| $2.12M | ﹤0.01% |
195,200
+4,457
| +2% | +$54.8K |
|
|
SILV
1860
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $2.12M | ﹤0.01% |
355,200
+8,300
| +2% | +$49.5K |
|
1861
CRA International
CRAI
$1.07B
| $2.12M | ﹤0.01% |
17,300
-300
| -2% | -$33K |
|
1862
National Healthcare
NHC
$3.47B
| $2.11M | ﹤0.01% |
35,530
+900
| +3% | +$54.6K |
|
|
MNTV
1863
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $2.11M | ﹤0.01% |
301,300
| – | – |
|
1864
Viridian Therapeutics
VRDN
$2.49B
| $2.11M | ﹤0.01% |
72,200
+4,800
| +7% | +$111K |
|
|
TE
1865
T1 Energy
TE
$1.41B
| $2.11M | ﹤0.01% |
242,700
+48,700
| +25% | +$610K |
|
1866
Customers Bancorp
CUBI
$2.82B
| $2.11M | ﹤0.01% |
74,300
| – | – |
|
1867
Gulfport Energy Corp
GPOR
$3.01B
| $2.1M | ﹤0.01% |
28,500
-1,300
| -4% | -$108K |
|
|
PLYA
1868
DELISTED
Playa Hotels & Resorts
PLYA
| $2.09M | ﹤0.01% |
320,700
+6,200
| +2% | +$36.8K |
|
1869
Wolverine World Wide
WWW
$1.63B
| $2.09M | ﹤0.01% |
191,400
| – | – |
|
|
FORG
1870
DELISTED
ForgeRock, Inc.
FORG
| $2.09M | ﹤0.01% |
+91,700
| New | +$2M |
|
1871
Petco
WOOF
$822M
| $2.09M | ﹤0.01% |
220,100
+4,300
| +2% | +$44.1K |
|
1872
Gray Television
GTN
$519M
| $2.08M | ﹤0.01% |
185,900
-2,200
| -1% | -$27.3K |
|
1873
Mirion Technologies
MIR
$3.89B
| $2.08M | ﹤0.01% |
314,000
+8,500
| +3% | +$57.2K |
|
|
PYCR
1874
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $2.08M | ﹤0.01% |
84,800
+2,400
| +3% | +$66.5K |
|
1875
Napco Security Technologies
NSSC
$1.37B
| $2.07M | ﹤0.01% |
75,400
+1,900
| +3% | +$51.2K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.