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 |
Spotify
SPOT
|
+$189M |
| 2 |
Boeing
BA
|
+$57.2M |
| 3 |
Carvana
CVNA
|
+$23.2M |
| 4 |
ConocoPhillips
COP
|
+$22.6M |
| 5 |
EXE
Expand Energy Corporation Common Stock
EXE
|
+$19.6M |
Top Sells
| 1 |
NVIDIA
NVDA
|
+$500M |
| 2 |
Microsoft
MSFT
|
+$426M |
| 3 |
Amazon
AMZN
|
+$245M |
| 4 |
Meta Platforms (Facebook)
META
|
+$194M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$167M |
Sector Composition
| 1 | Technology | 33.9% |
| 2 | Consumer Discretionary | 12.65% |
| 3 | Healthcare | 10.7% |
| 4 | Communication Services | 9.68% |
| 5 | Industrials | 8.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Malibu Boats
MBUU
$618M
| $1.48M | ﹤0.01% |
39,300
-700
| -2% | -$26.3K |
|
2027
First Mid Bancshares
FMBH
$954M
| $1.47M | ﹤0.01% |
40,000
| – | – |
|
2028
Sable Offshore Corp
SOC
$2.45B
| $1.47M | ﹤0.01% |
64,200
+16,800
| +35% | +$385K |
|
2029
CEVA Inc
CEVA
$549M
| $1.47M | ﹤0.01% |
46,500
| – | – |
|
2030
Merchants Bancorp
MBIN
$1.45B
| $1.47M | ﹤0.01% |
40,200
| – | – |
|
2031
Miller Industries
MLR
$454M
| $1.46M | ﹤0.01% |
22,400
| – | – |
|
2032
Arcus Biosciences
RCUS
$1.25B
| $1.46M | ﹤0.01% |
98,296
| – | – |
|
2033
Monro
MNRO
$507M
| $1.46M | ﹤0.01% |
58,842
| – | – |
|
|
STKL
2034
SunOpta
STKL
$735M
| $1.46M | ﹤0.01% |
188,725
+15,800
| +9% | +$122K |
|
2035
Capitol Federal Financial
CFFN
$840M
| $1.46M | ﹤0.01% |
246,300
| – | – |
|
|
INN
2036
Summit Hotel Properties
INN
$613M
| $1.45M | ﹤0.01% |
212,000
| – | – |
|
|
BRSP
2037
BrightSpire Capital
BRSP
$767M
| $1.44M | ﹤0.01% |
256,200
| – | – |
|
2038
Daily Journal
DJCO
$661M
| $1.44M | ﹤0.01% |
2,542
| – | – |
|
2039
Liquidity Services
LQDT
$845M
| $1.44M | ﹤0.01% |
44,700
| – | – |
|
2040
Independent Bank Corp
IBCP
$661M
| $1.44M | ﹤0.01% |
41,300
| – | – |
|
2041
Astec Industries
ASTE
$1.06B
| $1.43M | ﹤0.01% |
42,600
| – | – |
|
|
PLYM
2042
Plymouth Industrial REIT
PLYM
$988M
| $1.43M | ﹤0.01% |
80,400
| – | – |
|
2043
indie Semiconductor
INDI
$790M
| $1.43M | ﹤0.01% |
352,700
+40,900
| +13% | +$166K |
|
2044
Avanos Medical
AVNS
$558M
| $1.43M | ﹤0.01% |
89,600
| – | – |
|
2045
LegalZoom.com
LZ
$1.84B
| $1.43M | ﹤0.01% |
189,900
-51,300
| -21% | -$385K |
|
2046
FLEX LNG
FLNG
$1.37B
| $1.42M | ﹤0.01% |
63,448
| – | – |
|
2047
Kiniksa Pharmaceuticals
KNSA
$2.68B
| $1.42M | ﹤0.01% |
71,900
-6,700
| -9% | -$133K |
|
2048
Cytek Biosciences
CTKB
$476M
| $1.42M | ﹤0.01% |
218,800
| – | – |
|
|
BBUC
2049
Brookfield Business Corp
BBUC
$2.36B
| $1.41M | ﹤0.01% |
57,887
| – | – |
|
2050
SITE Centers
SITC
$468M
| $1.41M | ﹤0.01% |
92,100
-380,097
| -80% | -$5.81M |
|