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 |
Apple
AAPL
|
+$1.44B |
| 2 |
Microsoft
MSFT
|
+$1.16B |
| 3 |
Amazon
AMZN
|
+$797M |
| 4 |
Tesla
TSLA
|
+$537M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$441M |
Top Sells
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
Exelon
EXC
|
+$46.4M |
| 5 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
Sector Composition
| 1 | Technology | 28.24% |
| 2 | Healthcare | 14.22% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.52% |
| 5 | Industrials | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Construction Partners
ROAD
$6.95B
| $2.14M | ﹤0.01% |
81,900
+13,600
| +20% | +$356K |
|
2002
Microvast
MVST
$916M
| $2.14M | ﹤0.01% |
319,800
+22,200
| +7% | +$149K |
|
2003
Camtek
CAMT
$3.84B
| $2.13M | ﹤0.01% |
67,767
+4,971
| +8% | +$156K |
|
2004
EchoStar
SATS
$22.2B
| $2.13M | ﹤0.01% |
87,400
+1,100
| +1% | +$26.8K |
|
2005
Adtran
ADTN
$849M
| $2.12M | ﹤0.01% |
115,100
+8,200
| +8% | +$151K |
|
|
AHH
2006
Armada Hoffler Properties
AHH
$576M
| $2.12M | ﹤0.01% |
145,400
+12,100
| +9% | +$177K |
|
|
NTUS
2007
DELISTED
Natus Medical Inc
NTUS
| $2.12M | ﹤0.01% |
80,800
+6,100
| +8% | +$160K |
|
2008
Consensus Cloud Solutions
CCSI
$537M
| $2.12M | ﹤0.01% |
35,277
+2,200
| +7% | +$132K |
|
|
PLYM
2009
Plymouth Industrial REIT
PLYM
$988M
| $2.11M | ﹤0.01% |
77,800
+11,100
| +17% | +$301K |
|
|
XENT
2010
DELISTED
Intersect ENT, Inc
XENT
| $2.11M | ﹤0.01% |
75,200
+5,600
| +8% | +$157K |
|
2011
Anavex Life Sciences
AVXL
$823M
| $2.1M | ﹤0.01% |
170,800
+12,600
| +8% | +$155K |
|
|
NTST
2012
NETSTREIT Corp
NTST
$1.75B
| $2.1M | ﹤0.01% |
93,700
+7,000
| +8% | +$157K |
|
2013
Scansource
SCSC
$948M
| $2.1M | ﹤0.01% |
60,400
+4,300
| +8% | +$150K |
|
|
RC
2014
Ready Capital
RC
$698M
| $2.1M | ﹤0.01% |
139,245
+13,800
| +11% | +$208K |
|
2015
American Axle
AXL
$718M
| $2.09M | ﹤0.01% |
269,700
+17,800
| +7% | +$138K |
|
2016
Benchmark Electronics
BHE
$1.43B
| $2.09M | ﹤0.01% |
83,300
+4,100
| +5% | +$103K |
|
2017
Heritage Financial
HFWA
$842M
| $2.08M | ﹤0.01% |
83,168
+4,000
| +5% | +$100K |
|
2018
MarineMax
HZO
$545M
| $2.08M | ﹤0.01% |
51,700
+3,800
| +8% | +$153K |
|
2019
Amerant Bancorp
AMTB
$880M
| $2.08M | ﹤0.01% |
65,800
+17,900
| +37% | +$566K |
|
2020
Mister Car Wash
MCW
$1.77B
| $2.08M | ﹤0.01% |
140,600
+10,200
| +8% | +$151K |
|
2021
Gates Industrial
GTES
$6.71B
| $2.08M | ﹤0.01% |
138,000
+9,800
| +8% | +$148K |
|
2022
Conduent
CNDT
$442M
| $2.08M | ﹤0.01% |
402,554
+28,500
| +8% | +$147K |
|
2023
MannKind Corp
MNKD
$1.71B
| $2.08M | ﹤0.01% |
564,400
+42,800
| +8% | +$158K |
|
2024
Frontline
FRO
$5.12B
| $2.08M | ﹤0.01% |
235,286
+16,630
| +8% | +$147K |
|
|
HUT
2025
Hut 8
HUT
$3.37B
| $2.08M | ﹤0.01% |
75,400
+6,500
| +9% | +$179K |
|