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 | |
|---|---|---|---|---|---|---|
|
ORBC
2101
DELISTED
ORBCOMM, Inc.
ORBC
| $926K | ﹤0.01% |
136,600
+6,600
| +5% | +$52.8K |
|
2102
Smith & Wesson
SWBI
$643M
| $925K | ﹤0.01% |
128,864
+3,773
| +3% | +$34.2K |
|
|
VTLE
2103
DELISTED
Vital Energy
VTLE
| $922K | ﹤0.01% |
14,915
+360
| +2% | +$25.6K |
|
|
FBMS
2104
DELISTED
The First Bancshares, Inc.
FBMS
| $922K | ﹤0.01% |
29,830
+7,900
| +36% | +$249K |
|
|
GTS
2105
DELISTED
Triple-S Management Corporation
GTS
| $922K | ﹤0.01% |
42,465
| – | – |
|
2106
QCR Holdings
QCRH
$1.75B
| $921K | ﹤0.01% |
27,139
+800
| +3% | +$27.5K |
|
|
ACOR
2107
DELISTED
Acorda Therapeutics
ACOR
| $921K | ﹤0.01% |
578
+18
| +3% | +$32.4K |
|
|
AKCA
2108
DELISTED
Akcea Therapeutics Inc
AKCA
| $921K | ﹤0.01% |
32,500
+2,200
| +7% | +$64.1K |
|
|
WLH
2109
DELISTED
WILLIAM LYON HOMES
WLH
| $918K | ﹤0.01% |
59,700
| – | – |
|
|
CWEN.A
2110
DELISTED
Clearway Energy Class A
CWEN.A
| $917K | ﹤0.01% |
63,050
+2,700
| +4% | +$39.5K |
|
2111
Quanex
NX
$981M
| $917K | ﹤0.01% |
57,700
+1,900
| +3% | +$30.1K |
|
|
CRCM
2112
DELISTED
CARE.COM, INC.
CRCM
| $917K | ﹤0.01% |
46,400
+2,200
| +5% | +$49.4K |
|
|
BGG
2113
DELISTED
Briggs & Stratton Corp.
BGG
| $913K | ﹤0.01% |
77,200
+2,600
| +3% | +$33.8K |
|
|
GLDD
2114
DELISTED
Great Lakes Dredge & Dock
GLDD
| $912K | ﹤0.01% |
102,400
+3,200
| +3% | +$24.9K |
|
2115
Team
TISI
$101M
| $911K | ﹤0.01% |
5,206
+160
| +3% | +$25.3K |
|
|
GMS
2116
DELISTED
GMS Inc
GMS
| $907K | ﹤0.01% |
60,000
+1,100
| +2% | +$19.9K |
|
|
HTBK
2117
DELISTED
Heritage Commerce
HTBK
| $906K | ﹤0.01% |
74,900
+2,300
| +3% | +$30K |
|
|
STML
2118
DELISTED
Stemline Therapeutics, Inc.
STML
| $905K | ﹤0.01% |
70,400
+21,100
| +43% | +$239K |
|
2119
SunCoke Energy
SXC
$788M
| $902K | ﹤0.01% |
106,250
+3,200
| +3% | +$31.1K |
|
2120
American Public Education
APEI
$828M
| $901K | ﹤0.01% |
29,900
+900
| +3% | +$27.7K |
|
2121
Dime Commercial Bancshares
DCOM
$1.82B
| $897K | ﹤0.01% |
30,600
+900
| +3% | +$27.3K |
|
|
BLDP
2122
Ballard Power Systems
BLDP
$790M
| $896K | ﹤0.01% |
295,700
+10,200
| +4% | +$33.4K |
|
|
WMC
2123
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $896K | ﹤0.01% |
8,763
+260
| +3% | +$25.6K |
|
2124
nLIGHT
LASR
$2.9B
| $891K | ﹤0.01% |
40,000
+2,200
| +6% | +$44.5K |
|
2125
Frontline
FRO
$9.02B
| $890K | ﹤0.01% |
139,262
+4,143
| +3% | +$24.6K |
|
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.