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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IAS
2051
DELISTED
Integral Ad Science
IAS
| $1.42M | ﹤0.01% |
119,200
+35,100
| +42% | +$543K |
|
2052
Regenxbio
RGNX
$720M
| $1.42M | ﹤0.01% |
86,000
+5,500
| +7% | +$99.7K |
|
|
AAMI
2053
Acadian Asset Management
AAMI
$3.27B
| $1.41M | ﹤0.01% |
72,926
+700
| +1% | +$14.5K |
|
|
CHUY
2054
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $1.41M | ﹤0.01% |
39,700
+500
| +1% | +$19.2K |
|
2055
Wolverine World Wide
WWW
$1.48B
| $1.41M | ﹤0.01% |
174,600
+1,700
| +1% | +$17.5K |
|
|
HOUS
2056
DELISTED
Anywhere Real Estate
HOUS
| $1.4M | ﹤0.01% |
218,400
+2,200
| +1% | +$16K |
|
2057
Editas Medicine
EDIT
$436M
| $1.4M | ﹤0.01% |
179,200
+1,900
| +1% | +$16.3K |
|
2058
REX American Resources
REX
$1.44B
| $1.4M | ﹤0.01% |
68,600
| – | – |
|
|
NGD
2059
DELISTED
New Gold Inc
NGD
| $1.4M | ﹤0.01% |
1,504,162
| – | – |
|
2060
V2X
VVX
$2.55B
| $1.39M | ﹤0.01% |
27,000
| – | – |
|
2061
AvePoint
AVPT
$2.75B
| $1.39M | ﹤0.01% |
206,900
-43,200
| -17% | -$272K |
|
2062
Insteel Industries
IIIN
$635M
| $1.39M | ﹤0.01% |
42,800
+800
| +2% | +$25.7K |
|
2063
PC Connection
CNXN
$2.03B
| $1.39M | ﹤0.01% |
26,000
+400
| +2% | +$20.3K |
|
|
ROVR
2064
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $1.39M | ﹤0.01% |
221,600
| – | – |
|
2065
Global Industrial
GIC
$1.49B
| $1.39M | ﹤0.01% |
41,400
| – | – |
|
|
UDMY
2066
DELISTED
Udemy
UDMY
| $1.38M | ﹤0.01% |
145,200
+2,800
| +2% | +$29.3K |
|
2067
Stem
STEM
$48.8M
| $1.38M | ﹤0.01% |
16,240
+255
| +2% | +$29.1K |
|
|
CMRC
2068
Commerce.com Inc Series 1
CMRC
$179M
| $1.37M | ﹤0.01% |
139,300
+1,400
| +1% | +$14.6K |
|
2069
CryoPort
CYRX
$750M
| $1.37M | ﹤0.01% |
100,100
-5,600
| -5% | -$82.5K |
|
|
INN
2070
Summit Hotel Properties
INN
$655M
| $1.37M | ﹤0.01% |
236,300
+5,600
| +2% | +$33.4K |
|
2071
Thryv Holdings
THRY
$92M
| $1.37M | ﹤0.01% |
72,800
+900
| +1% | +$20K |
|
2072
Barrett Business Services
BBSI
$756M
| $1.36M | ﹤0.01% |
60,400
| – | – |
|
|
MORF
2073
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $1.36M | ﹤0.01% |
59,400
+600
| +1% | +$31.5K |
|
2074
Capitol Federal Financial
CFFN
$1.1B
| $1.36M | ﹤0.01% |
284,300
+2,400
| +0.9% | +$14.2K |
|
2075
Kinetik
KNTK
$4.12B
| $1.35M | ﹤0.01% |
40,100
+2,800
| +8% | +$98.5K |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.