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 |
Warner Bros
WBD
|
+$166M |
| 2 |
Tesla
TSLA
|
+$92.9M |
| 3 |
Roblox
RBLX
|
+$51.2M |
| 4 |
VICI Properties
VICI
|
+$42.8M |
| 5 |
Danaher
DHR
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$199M |
| 2 |
CERN
Cerner Corp
CERN
|
+$119M |
| 3 |
Baidu
BIDU
|
+$81.7M |
| 4 |
Canadian National Railway
CNI
|
+$56M |
| 5 |
Meta Platforms (Facebook)
META
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.43% |
| 2 | Healthcare | 15.87% |
| 3 | Consumer Discretionary | 11.68% |
| 4 | Communication Services | 8.96% |
| 5 | Industrials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Marvell Technology
MRVL
$190B
| $159M | 0.11% |
3,660,201
+92,900
| +3% | +$5.27M |
|
177
Shopify
SHOP
$198B
| $159M | 0.11% |
5,101,210
+54,000
| +1% | +$2.31M |
|
178
Chipotle Mexican Grill
CMG
$40.4B
| $159M | 0.11% |
6,081,600
-10,000
| -0.2% | -$279K |
|
179
Prudential Financial
PRU
$42B
| $156M | 0.11% |
1,631,023
-6,200
| -0.4% | -$656K |
|
180
Agilent Technologies
A
$42.2B
| $155M | 0.1% |
1,302,921
-5,100
| -0.4% | -$627K |
|
181
Cognizant
CTSH
$26.6B
| $154M | 0.1% |
2,275,112
+100
| +0% | +$7.65K |
|
182
Allstate
ALL
$67.2B
| $153M | 0.1% |
1,207,461
-34,200
| -3% | -$4.48M |
|
183
Motorola Solutions
MSI
$77.4B
| $153M | 0.1% |
729,612
-1,900
| -0.3% | -$414K |
|
184
Dollar Tree
DLTR
$24.8B
| $152M | 0.1% |
975,640
+1,300
| +0.1% | +$206K |
|
185
Cintas
CTAS
$82.4B
| $151M | 0.1% |
1,619,860
+7,600
| +0.5% | +$741K |
|
186
SBA Communications
SBAC
$19.4B
| $151M | 0.1% |
471,887
+700
| +0.1% | +$236K |
|
187
Devon Energy
DVN
$49.9B
| $151M | 0.1% |
2,737,154
-48,500
| -2% | -$3.17M |
|
188
Manulife Financial
MFC
$73.3B
| $151M | 0.1% |
8,695,568
+67,200
| +0.8% | +$1.27M |
|
189
HP
HPQ
$26.8B
| $150M | 0.1% |
4,569,426
-422,500
| -8% | -$15.5M |
|
|
EA
190
DELISTED
Electronic Arts
EA
| $148M | 0.1% |
1,219,865
-5,100
| -0.4% | -$650K |
|
191
Kinder Morgan
KMI
$69.8B
| $148M | 0.1% |
8,852,462
+28,900
| +0.3% | +$541K |
|
192
Aflac
AFL
$60.7B
| $148M | 0.1% |
2,678,062
-43,900
| -2% | -$2.59M |
|
193
Arthur J. Gallagher & Co
AJG
$64.4B
| $147M | 0.1% |
904,605
+6,800
| +0.8% | +$1.13M |
|
194
Consolidated Edison
ED
$39.2B
| $146M | 0.1% |
1,536,069
+3,900
| +0.3% | +$371K |
|
195
Johnson Controls International
JCI
$93.1B
| $146M | 0.1% |
3,048,008
-2,600
| -0.1% | -$145K |
|
196
CrowdStrike
CRWD
$228B
| $145M | 0.1% |
3,431,948
+44,400
| +1% | +$2.01M |
|
197
Kroger
KR
$34.6B
| $143M | 0.1% |
3,029,990
-29,800
| -1% | -$1.59M |
|
198
Yum! Brands
YUM
$39.1B
| $142M | 0.1% |
1,253,484
-16,200
| -1% | -$1.88M |
|
199
Microchip Technology
MCHP
$44.9B
| $140M | 0.09% |
2,411,810
+8,500
| +0.4% | +$563K |
|
200
Baxter International
BAX
$14.3B
| $140M | 0.09% |
2,178,975
+10,400
| +0.5% | +$755K |
|
Similar funds
Swiss National Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Swiss National Bank held 2,853 positions worth $148B, down 17% from $177B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2022 filing shows 162 new, 982 increased, 855 reduced and 113 closed positions. Its largest new stake was Roblox: 1,524,500 shares worth $50.1M. The largest sale was AT&T, an estimated $199M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2022 buy was Roblox: 1,524,500 shares worth $50.1M.
- Swiss National Bank added most to Warner Bros in Q2 2022, an estimated $166M increase.
- Swiss National Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $199M.
- Swiss National Bank fully exited Cerner Corp in Q2 2022, selling an estimated $119M.
- Swiss National Bank's ten largest holdings make up 25% of its $148B portfolio in Q2 2022.
- Swiss National Bank opened 162 new positions and closed 113 in Q2 2022.
- Swiss National Bank's portfolio value fell 17% quarter-over-quarter to $148B.
Based on Swiss National Bank's 13F filing for Q2 2022, filed 9 Aug 2022.