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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.01% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.43% |
| 5 | Communication Services | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Lesaka Technologies
LSAK
$415M
| $957K | ﹤0.01% |
101,192
| – | – |
|
2102
Smith & Wesson
SWBI
$643M
| $956K | ﹤0.01% |
120,538
| – | – |
|
2103
Archrock
AROC
$5.85B
| $954K | ﹤0.01% |
109,000
| – | – |
|
2104
Mercantile Bank Corp
MBWM
$1.06B
| $954K | ﹤0.01% |
28,700
+2,000
| +7% | +$70K |
|
|
LORL
2105
DELISTED
Loral Space and Communications, Inc.
LORL
| $954K | ﹤0.01% |
22,900
| – | – |
|
2106
KRONOS Worldwide
KRO
$986M
| $949K | ﹤0.01% |
42,000
| – | – |
|
2107
Unisys
UIS
$209M
| $944K | ﹤0.01% |
87,800
+2,800
| +3% | +$28.2K |
|
2108
American Vanguard Corp
AVD
$64.6M
| $942K | ﹤0.01% |
46,651
+1,900
| +4% | +$39.4K |
|
|
GNBC
2109
DELISTED
Green Bancorp, Inc
GNBC
| $941K | ﹤0.01% |
42,300
+5,200
| +14% | +$118K |
|
|
FINL
2110
DELISTED
Finish Line
FINL
| $941K | ﹤0.01% |
69,500
| – | – |
|
|
PRTY
2111
DELISTED
Party City Holdco Inc.
PRTY
| $938K | ﹤0.01% |
60,100
| – | – |
|
2112
Vicor
VICR
$10.6B
| $932K | ﹤0.01% |
32,632
+3,700
| +13% | +$79.5K |
|
|
AAV
2113
DELISTED
Advantage Oil & Gas Ltd
AAV
| $931K | ﹤0.01% |
315,200
| – | – |
|
2114
CorVel
CRVL
$3.23B
| $930K | ﹤0.01% |
55,200
-1,500
| -3% | -$25.4K |
|
2115
RadNet
RDNT
$6.09B
| $929K | ﹤0.01% |
64,500
| – | – |
|
|
TSC
2116
DELISTED
TriState Capital Holdings, Inc.
TSC
| $929K | ﹤0.01% |
39,938
+2,700
| +7% | +$63.6K |
|
2117
Myers Industries
MYE
$1.26B
| $926K | ﹤0.01% |
43,800
| – | – |
|
2118
Dime Commercial Bancshares
DCOM
$1.82B
| $923K | ﹤0.01% |
27,500
+2,000
| +8% | +$69K |
|
2119
Gorman-Rupp
GRC
$2.12B
| $920K | ﹤0.01% |
31,447
| – | – |
|
2120
Great Southern Bancorp
GSBC
$884M
| $919K | ﹤0.01% |
18,400
+700
| +4% | +$35.5K |
|
2121
Quanex
NX
$984M
| $919K | ﹤0.01% |
52,800
| – | – |
|
|
NSM
2122
DELISTED
Nationstar Mortgage Holdings
NSM
| $918K | ﹤0.01% |
51,100
+2,400
| +5% | +$43.1K |
|
2123
CVR Energy
CVI
$3.56B
| $916K | ﹤0.01% |
30,300
+1,800
| +6% | +$60.5K |
|
|
PGNX
2124
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $913K | ﹤0.01% |
122,400
+6,700
| +6% | +$44.5K |
|
|
AD
2125
Array Digital Infrastructure
AD
$3.08B
| $912K | ﹤0.01% |
22,700
+1,100
| +5% | +$40.8K |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.