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 | |
|---|---|---|---|---|---|---|
|
CDMO
1876
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $2.07M | ﹤0.01% |
150,100
+3,700
| +3% | +$56.7K |
|
|
RPT
1877
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.07M | ﹤0.01% |
205,700
+3,900
| +2% | +$38.5K |
|
1878
Gogo Inc
GOGO
$385M
| $2.06M | ﹤0.01% |
139,900
+20,400
| +17% | +$295K |
|
1879
Center Bancorp
CNOB
$1.81B
| $2.06M | ﹤0.01% |
85,200
+900
| +1% | +$22.1K |
|
|
CHCT
1880
Community Healthcare Trust
CHCT
$436M
| $2.06M | ﹤0.01% |
57,600
+1,400
| +2% | +$47.7K |
|
1881
PROG Holdings
PRG
$1.71B
| $2.06M | ﹤0.01% |
121,900
-6,300
| -5% | -$108K |
|
1882
UFP Technologies
UFPT
$2.51B
| $2.04M | ﹤0.01% |
+17,300
| New | +$1.84M |
|
1883
PDF Solutions
PDFS
$2.12B
| $2.04M | ﹤0.01% |
71,400
+700
| +1% | +$18.9K |
|
1884
Matthews International
MATW
$725M
| $2.04M | ﹤0.01% |
66,896
| – | – |
|
|
UMH
1885
UMH Properties
UMH
$1.41B
| $2.04M | ﹤0.01% |
126,400
+4,200
| +3% | +$70.7K |
|
1886
Kymera Therapeutics
KYMR
$9.43B
| $2.03M | ﹤0.01% |
81,400
+1,700
| +2% | +$45.3K |
|
1887
CryoPort
CYRX
$775M
| $2.03M | ﹤0.01% |
117,100
| – | – |
|
|
HIBB
1888
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.03M | ﹤0.01% |
29,700
+500
| +2% | +$31.2K |
|
1889
TTEC Holdings
TTEC
$79.9M
| $2.01M | ﹤0.01% |
45,600
+1,100
| +2% | +$49.4K |
|
1890
Regenxbio
RGNX
$708M
| $2.01M | ﹤0.01% |
88,700
+1,800
| +2% | +$40.7K |
|
1891
Columbia Financial
CLBK
$1.23B
| $2.01M | ﹤0.01% |
92,988
| – | – |
|
1892
Innoviva
INVA
$1.49B
| $2.01M | ﹤0.01% |
151,500
+3,600
| +2% | +$47.3K |
|
|
SHYF
1893
DELISTED
The Shyft Group
SHYF
| $2M | ﹤0.01% |
80,400
+2,100
| +3% | +$48.9K |
|
1894
Douglas Dynamics
PLOW
$965M
| $2M | ﹤0.01% |
55,200
+800
| +1% | +$28.2K |
|
1895
Sotera Health
SHC
$5.42B
| $1.99M | ﹤0.01% |
239,100
+4,400
| +2% | +$32.8K |
|
1896
SkinHealth Systems
SKIN
$85.3M
| $1.99M | ﹤0.01% |
218,600
+4,300
| +2% | +$46.4K |
|
1897
Unitil
UTL
$994M
| $1.99M | ﹤0.01% |
38,700
+900
| +2% | +$45.8K |
|
1898
Geron
GERN
$994M
| $1.99M | ﹤0.01% |
821,000
+22,300
| +3% | +$50K |
|
1899
TORM
TRMD
$3.02B
| $1.98M | ﹤0.01% |
69,563
+1,606
| +2% | +$43.3K |
|
|
PRVB
1900
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $1.98M | ﹤0.01% |
187,100
+60,200
| +47% | +$486K |
|
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.