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
| 1 |
Warner Bros
WBD
|
+$130M |
| 2 |
Tesla
TSLA
|
+$76.4M |
| 3 |
Roblox
RBLX
|
+$50.1M |
| 4 |
VICI Properties
VICI
|
+$43.2M |
| 5 |
Danaher
DHR
|
+$41.2M |
Top Sells
| 1 |
AT&T
T
|
+$209M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$91.9M |
| 4 |
Canadian National Railway
CNI
|
+$53.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$37.5M |
Sector Composition
| 1 | Technology | 26.45% |
| 2 | Healthcare | 15.87% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.96% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1951
AMC Networks
AMCX
$357M
| $1.91M | ﹤0.01% |
65,500
| – | – |
|
1952
Mister Car Wash
MCW
$1.77B
| $1.91M | ﹤0.01% |
175,100
+34,500
| +25% | +$375K |
|
1953
International Seaways
INSW
$2.33B
| $1.9M | ﹤0.01% |
89,800
| – | – |
|
|
AVTA
1954
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.9M | ﹤0.01% |
103,100
-12,100
| -11% | -$223K |
|
1955
Gogo Inc
GOGO
$1.31B
| $1.89M | ﹤0.01% |
117,000
| – | – |
|
|
KREF
1956
KKR Real Estate Finance Trust
KREF
$630M
| $1.89M | ﹤0.01% |
108,500
+29,400
| +37% | +$513K |
|
|
EFC
1957
Ellington Financial
EFC
$1.34B
| $1.89M | ﹤0.01% |
129,000
| – | – |
|
1958
Adaptive Biotechnologies
ADPT
$1.92B
| $1.89M | ﹤0.01% |
233,500
+16,600
| +8% | +$134K |
|
1959
Denison Mines
DNN
$2.12B
| $1.89M | ﹤0.01% |
1,915,400
+90,300
| +5% | +$88.9K |
|
1960
Montrose Environmental
MEG
$1.05B
| $1.88M | ﹤0.01% |
55,800
-3,500
| -6% | -$118K |
|
1961
Scansource
SCSC
$974M
| $1.88M | ﹤0.01% |
60,400
| – | – |
|
1962
Algoma Steel
ASTL
$477M
| $1.88M | ﹤0.01% |
+210,711
| New | +$1.88M |
|
1963
Benchmark Electronics
BHE
$1.41B
| $1.88M | ﹤0.01% |
83,300
| – | – |
|
1964
Coursera
COUR
$1.8B
| $1.88M | ﹤0.01% |
132,500
+16,200
| +14% | +$230K |
|
1965
Simulations Plus
SLP
$303M
| $1.88M | ﹤0.01% |
38,100
| – | – |
|
1966
Clean Energy Fuels
CLNE
$526M
| $1.88M | ﹤0.01% |
419,258
+23,600
| +6% | +$106K |
|
1967
Payoneer
PAYO
$2.34B
| $1.88M | ﹤0.01% |
479,100
-42,000
| -8% | -$165K |
|
1968
Freedom Holding
FRHC
$10.1B
| $1.88M | ﹤0.01% |
42,300
| – | – |
|
1969
Mativ Holdings
MATV
$674M
| $1.87M | ﹤0.01% |
74,400
| – | – |
|
1970
MarineMax
HZO
$556M
| $1.87M | ﹤0.01% |
51,700
| – | – |
|
|
TWOU
1971
DELISTED
2U, Inc.
TWOU
| $1.87M | ﹤0.01% |
5,940
| – | – |
|
1972
Duolingo
DUOL
$14.1B
| $1.87M | ﹤0.01% |
21,300
+4,500
| +27% | +$394K |
|
1973
IMAX
IMAX
$1.74B
| $1.87M | ﹤0.01% |
110,400
-8,300
| -7% | -$140K |
|
1974
Tidewater
TDW
$2.93B
| $1.86M | ﹤0.01% |
+88,000
| New | +$1.86M |
|
|
KAMN
1975
DELISTED
Kaman Corp
KAMN
| $1.85M | ﹤0.01% |
59,300
| – | – |
|