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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
National CineMedia
NCMI
$252M
| $1.01M | ﹤0.01% |
14,390
+420
| +3% | +$30.1K |
|
2052
Banc of California
BANC
$3.11B
| $1.01M | ﹤0.01% |
73,100
+2,000
| +3% | +$29.9K |
|
2053
Comtech Telecommunications
CMTL
$52.7M
| $1.01M | ﹤0.01% |
43,600
+2,500
| +6% | +$61.9K |
|
2054
Manitowoc
MTW
$753M
| $1.01M | ﹤0.01% |
61,650
+2,000
| +3% | +$33.3K |
|
2055
Century Communities
CCS
$2.04B
| $1.01M | ﹤0.01% |
42,066
+2,100
| +5% | +$47.8K |
|
|
TCDA
2056
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.01M | ﹤0.01% |
26,100
| – | – |
|
2057
Customers Bancorp
CUBI
$2.82B
| $1M | ﹤0.01% |
54,900
+1,700
| +3% | +$33.9K |
|
2058
Buckle
BKE
$2.31B
| $1M | ﹤0.01% |
53,600
+1,400
| +3% | +$25.6K |
|
2059
Monarch Casino & Resort
MCRI
$2.2B
| $1M | ﹤0.01% |
22,811
+700
| +3% | +$30.1K |
|
|
CIR
2060
DELISTED
CIRCOR International, Inc
CIR
| $1M | ﹤0.01% |
30,700
+1,300
| +4% | +$38K |
|
2061
Weis Markets
WMK
$1.77B
| $1M | ﹤0.01% |
24,500
+1,100
| +5% | +$51.7K |
|
|
EXTN
2062
DELISTED
Exterran Corporation
EXTN
| $1M | ﹤0.01% |
59,350
+1,900
| +3% | +$33.8K |
|
|
CISN
2063
DELISTED
Cision Ltd. Ordinary Share
CISN
| $1M | ﹤0.01% |
72,600
+3,300
| +5% | +$42.5K |
|
2064
Ennis
EBF
$559M
| $996K | ﹤0.01% |
48,000
+1,500
| +3% | +$30.9K |
|
2065
Ituran Location and Control
ITRN
$1.06B
| $995K | ﹤0.01% |
29,125
-1,600
| -5% | -$54.7K |
|
|
QTNA
2066
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $995K | ﹤0.01% |
40,900
+1,700
| +4% | +$29.6K |
|
2067
Peoples Bancorp
PEBO
$1.49B
| $991K | ﹤0.01% |
32,000
+1,300
| +4% | +$41.7K |
|
2068
Pathward Financial
CASH
$1.79B
| $990K | ﹤0.01% |
50,300
+1,800
| +4% | +$39.3K |
|
|
PDLI
2069
DELISTED
PDL BioPharma, Inc.
PDLI
| $990K | ﹤0.01% |
266,100
+9,000
| +4% | +$30.4K |
|
|
CHS
2070
DELISTED
Chicos FAS, Inc.
CHS
| $978K | ﹤0.01% |
229,100
+3,900
| +2% | +$21.6K |
|
|
PRMW
2071
DELISTED
Primo Water Corporation
PRMW
| $977K | ﹤0.01% |
63,200
+3,200
| +5% | +$46.1K |
|
2072
FB Financial Corp
FBK
$3.1B
| $975K | ﹤0.01% |
30,700
+1,400
| +5% | +$48.3K |
|
|
MITT
2073
TPG Mortgage Investment Trust
MITT
$214M
| $975K | ﹤0.01% |
19,300
+3,033
| +19% | +$159K |
|
|
ITCI
2074
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $972K | ﹤0.01% |
79,800
+2,400
| +3% | +$30.7K |
|
|
CTST
2075
DELISTED
CannTrust Holdings Inc. Common Share
CTST
| $969K | ﹤0.01% |
+124,900
| New | +$1.14M |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.