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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CATC
2126
DELISTED
CAMBRIDGE BANCORP
CATC
| $1.41M | ﹤0.01% |
+16,962
| New | +$1.45M |
|
|
BFS
2127
Saul Centers
BFS
$861M
| $1.41M | ﹤0.01% |
34,583
+900
| +3% | +$36.5K |
|
2128
Designer Brands
DBI
$313M
| $1.41M | ﹤0.01% |
143,700
-1,700
| -1% | -$22.9K |
|
2129
BioLife Solutions
BLFS
$1.72B
| $1.4M | ﹤0.01% |
77,100
+1,700
| +2% | +$35.1K |
|
|
CFB
2130
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $1.4M | ﹤0.01% |
112,900
| – | – |
|
2131
American Well
AMWL
$224M
| $1.4M | ﹤0.01% |
24,695
+1,175
| +5% | +$84.7K |
|
|
INFA
2132
DELISTED
Informatica
INFA
| $1.4M | ﹤0.01% |
85,800
+2,500
| +3% | +$44.9K |
|
|
QVCGA
2133
DELISTED
QVC Group Inc Series A
QVCGA
| $1.4M | ﹤0.01% |
17,146
+312
| +2% | +$31.8K |
|
|
INBX
2134
DELISTED
Inhibrx, Inc. Common Stock
INBX
| $1.39M | ﹤0.01% |
56,600
+1,100
| +2% | +$32.3K |
|
2135
Interface
TILE
$2.25B
| $1.39M | ﹤0.01% |
141,000
| – | – |
|
2136
Metropolitan Bank Holding Corp
MCB
$1.18B
| $1.39M | ﹤0.01% |
23,700
+400
| +2% | +$25.3K |
|
|
OLO
2137
DELISTED
Olo Inc
OLO
| $1.39M | ﹤0.01% |
222,300
+27,800
| +14% | +$210K |
|
2138
Ducommun
DCO
$3.03B
| $1.38M | ﹤0.01% |
27,700
+900
| +3% | +$42.9K |
|
|
UBA
2139
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.38M | ﹤0.01% |
72,836
+1,700
| +2% | +$31.1K |
|
2140
DocGo
DCGO
$66.2M
| $1.38M | ﹤0.01% |
195,200
+4,500
| +2% | +$37.7K |
|
2141
Old Second Bancorp
OSBC
$1.32B
| $1.38M | ﹤0.01% |
86,000
+2,200
| +3% | +$35.2K |
|
|
DHIL
2142
DELISTED
Diamond Hill
DHIL
| $1.38M | ﹤0.01% |
7,454
| – | – |
|
|
HAYN
2143
DELISTED
Haynes International, Inc.
HAYN
| $1.38M | ﹤0.01% |
+30,100
| New | +$1.41M |
|
|
CLDT
2144
Chatham Lodging
CLDT
$597M
| $1.37M | ﹤0.01% |
111,900
+2,700
| +2% | +$33.3K |
|
|
RAPT
2145
DELISTED
RAPT Therapeutics
RAPT
| $1.37M | ﹤0.01% |
8,650
+1,625
| +23% | +$260K |
|
2146
Ennis
EBF
$561M
| $1.37M | ﹤0.01% |
61,800
| – | – |
|
|
SNBR
2147
DELISTED
Sleep Number
SNBR
| $1.37M | ﹤0.01% |
52,700
| – | – |
|
|
MORF
2148
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $1.37M | ﹤0.01% |
51,100
+1,200
| +2% | +$32.8K |
|
|
DX
2149
Dynex Capital
DX
$3.24B
| $1.37M | ﹤0.01% |
107,433
+20,800
| +24% | +$258K |
|
2150
OrthoPediatrics
KIDS
$650M
| $1.36M | ﹤0.01% |
34,300
+700
| +2% | +$29.2K |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.