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 |
Berkshire Hathaway Class B
BRK.B
|
+$1.6B |
| 2 |
American Express
AXP
|
+$398M |
| 3 |
Capital One
COF
|
+$151M |
| 4 |
Apollo Global Management
APO
|
+$111M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$109M |
Top Sells
| 1 |
Apple
AAPL
|
+$1.16B |
| 2 |
Microsoft
MSFT
|
+$873M |
| 3 |
Amazon
AMZN
|
+$403M |
| 4 |
NVIDIA
NVDA
|
+$356M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$283M |
Sector Composition
| 1 | Technology | 30.21% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.22% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Quanterix
QTRX
$223M
| $1.75M | ﹤0.01% |
77,400
+1,400
| +2% | +$31.6K |
|
|
EFXT
1977
Enerflex
EFXT
$1.28B
| $1.74M | ﹤0.01% |
255,900
| – | – |
|
1978
ANI Pharmaceuticals
ANIP
$2.14B
| $1.74M | ﹤0.01% |
32,400
+4,200
| +15% | +$226K |
|
1979
Pliant Therapeutics
PLRX
$101M
| $1.74M | ﹤0.01% |
96,200
+3,700
| +4% | +$67K |
|
|
CBAY
1980
DELISTED
Cymabay Therapeutics
CBAY
| $1.74M | ﹤0.01% |
158,900
-23,800
| -13% | -$261K |
|
1981
Beazer Homes USA
BZH
$775M
| $1.74M | ﹤0.01% |
+61,500
| New | +$1.74M |
|
1982
Marcus & Millichap
MMI
$1.29B
| $1.74M | ﹤0.01% |
55,200
| – | – |
|
1983
Capitol Federal Financial
CFFN
$855M
| $1.74M | ﹤0.01% |
281,900
| – | – |
|
|
BDN
1984
Brandywine Realty Trust
BDN
$782M
| $1.74M | ﹤0.01% |
373,900
+3,600
| +1% | +$16.7K |
|
1985
ZipRecruiter
ZIP
$430M
| $1.74M | ﹤0.01% |
97,700
+20,200
| +26% | +$359K |
|
|
AVTA
1986
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.73M | ﹤0.01% |
77,500
+700
| +0.9% | +$15.7K |
|
1987
B. Riley Financial
RILY
$190M
| $1.73M | ﹤0.01% |
37,700
+3,800
| +11% | +$175K |
|
1988
Lufax Holding
LU
$2.62B
| $1.72M | ﹤0.01% |
+301,525
| New | +$1.72M |
|
|
AHH
1989
Armada Hoffler Properties
AHH
$596M
| $1.72M | ﹤0.01% |
147,400
+1,200
| +0.8% | +$14K |
|
1990
Adtran
ADTN
$849M
| $1.71M | ﹤0.01% |
162,678
+3,400
| +2% | +$35.8K |
|
1991
SpartanNash
SPTN
$898M
| $1.71M | ﹤0.01% |
76,080
| – | – |
|
1992
Merus
MRUS
$5.28B
| $1.71M | ﹤0.01% |
64,954
| – | – |
|
1993
Enviri
NVRI
$987M
| $1.71M | ﹤0.01% |
173,100
+1,600
| +0.9% | +$15.8K |
|
|
SOVO
1994
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $1.71M | ﹤0.01% |
87,300
+21,900
| +33% | +$428K |
|
1995
Eventbrite
EB
$265M
| $1.7M | ﹤0.01% |
178,400
+3,500
| +2% | +$33.4K |
|
1996
Globalstar
GSAT
$3.84B
| $1.7M | ﹤0.01% |
105,144
+1,480
| +1% | +$24K |
|
1997
Radware
RDWR
$1.12B
| $1.7M | ﹤0.01% |
87,800
| – | – |
|
1998
Nano X Imaging
NNOX
$254M
| $1.7M | ﹤0.01% |
109,800
+24,600
| +29% | +$381K |
|
1999
Innoviva
INVA
$1.22B
| $1.7M | ﹤0.01% |
133,500
-2,100
| -2% | -$26.7K |
|
|
MTTR
2000
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $1.7M | ﹤0.01% |
538,600
+73,300
| +16% | +$231K |
|