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 |
Bristol-Myers Squibb
BMY
|
+$114M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$31.3M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$26.4M |
| 4 |
Tyler Technologies
TYL
|
+$25M |
| 5 |
Brown & Brown
BRO
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$249M |
| 2 |
CELG
Celgene Corp
CELG
|
+$231M |
| 3 |
Microsoft
MSFT
|
+$171M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
Amazon
AMZN
|
+$99.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.49% |
| 2 | Healthcare | 14.66% |
| 3 | Consumer Discretionary | 11.66% |
| 4 | Communication Services | 10.19% |
| 5 | Industrials | 9.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DNR
2001
DELISTED
Denbury Resources, Inc.
DNR
| $1.27M | ﹤0.01% |
899,100
+42,300
| +5% | +$47.2K |
|
2002
The Bancorp
TBBK
$2.82B
| $1.27M | ﹤0.01% |
97,700
+3,200
| +3% | +$35.9K |
|
|
CWEN.A
2003
DELISTED
Clearway Energy Class A
CWEN.A
| $1.26M | ﹤0.01% |
66,150
+1,800
| +3% | +$33.2K |
|
|
EFC
2004
Ellington Financial
EFC
$1.76B
| $1.26M | ﹤0.01% |
+69,000
| New | +$1.26M |
|
2005
MGP Ingredients
MGPI
$389M
| $1.26M | ﹤0.01% |
26,100
+900
| +4% | +$42.1K |
|
2006
Peabody Energy
BTU
$2.94B
| $1.26M | ﹤0.01% |
138,600
-2,500
| -2% | -$28.7K |
|
|
HMHC
2007
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.26M | ﹤0.01% |
202,300
+6,700
| +3% | +$39.1K |
|
2008
DMC Global
BOOM
$153M
| $1.26M | ﹤0.01% |
28,100
| – | – |
|
|
FFWM
2009
DELISTED
First Foundation Inc
FFWM
| $1.26M | ﹤0.01% |
72,600
+2,300
| +3% | +$37K |
|
|
WLH
2010
DELISTED
WILLIAM LYON HOMES
WLH
| $1.26M | ﹤0.01% |
63,200
+1,300
| +2% | +$26.6K |
|
2011
Omeros
OMER
$1.26B
| $1.26M | ﹤0.01% |
89,600
+1,900
| +2% | +$27.8K |
|
|
USCR
2012
DELISTED
U S Concrete, Inc.
USCR
| $1.26M | ﹤0.01% |
30,300
+700
| +2% | +$32K |
|
2013
QCR Holdings
QCRH
$1.75B
| $1.26M | ﹤0.01% |
28,739
+900
| +3% | +$36.8K |
|
2014
Marcus Corp
MCS
$929M
| $1.26M | ﹤0.01% |
39,600
+900
| +2% | +$30.4K |
|
2015
Fortuna Silver Mines
FSM
$3.1B
| $1.25M | ﹤0.01% |
307,600
+8,000
| +3% | +$26.2K |
|
2016
Talos Energy
TALO
$2.58B
| $1.25M | ﹤0.01% |
41,500
+1,200
| +3% | +$28K |
|
2017
Weis Markets
WMK
$1.77B
| $1.25M | ﹤0.01% |
30,900
+900
| +3% | +$34.8K |
|
|
EGRX
2018
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $1.25M | ﹤0.01% |
20,800
| – | – |
|
|
VCRA
2019
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.25M | ﹤0.01% |
60,200
+1,800
| +3% | +$39.5K |
|
2020
Alaunos Therapeutics
TCRT
$4.86M
| $1.25M | ﹤0.01% |
1,763
+37
| +2% | +$25.5K |
|
|
FFG
2021
DELISTED
FBL Financial Group
FFG
| $1.25M | ﹤0.01% |
21,200
+600
| +3% | +$34.5K |
|
|
GLDD
2022
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.25M | ﹤0.01% |
109,900
+2,900
| +3% | +$31K |
|
2023
Bally's
BALY
$660M
| $1.23M | ﹤0.01% |
48,025
+1,000
| +2% | +$24.1K |
|
2024
TTEC Holdings
TTEC
$77.4M
| $1.23M | ﹤0.01% |
31,100
+1,000
| +3% | +$43.8K |
|
|
DCOM
2025
DELISTED
Dime Community Bancshares
DCOM
| $1.22M | ﹤0.01% |
58,500
+1,000
| +2% | +$20.5K |
|
Similar funds
Swiss National Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Swiss National Bank held 2,602 positions worth $97.5B, up 3.6% from $94.1B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Swiss National Bank withdrew a net $3.98B in Q4 2019, closing 96 positions and reducing 725 holdings. Its most notable exit was Celgene Corp, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Match Group worth $14.7M.
- Swiss National Bank's largest Q4 2019 buy was Match Group: 179,200 shares worth $14.7M.
- Swiss National Bank added most to Bristol-Myers Squibb in Q4 2019, an estimated $114M increase.
- Swiss National Bank's biggest Q4 2019 reduction was Apple, cutting an estimated $249M.
- Swiss National Bank fully exited Celgene Corp in Q4 2019, selling an estimated $231M.
- Swiss National Bank's ten largest holdings make up 19% of its $97.5B portfolio in Q4 2019.
- Swiss National Bank opened 82 new positions and closed 96 in Q4 2019.
- Swiss National Bank's portfolio value rose 3.6% quarter-over-quarter to $97.5B.
Based on Swiss National Bank's 13F filing for Q4 2019, filed 6 Feb 2020.