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 |
Northrop Grumman
NOC
|
+$305M |
| 2 |
Prologis
PLD
|
+$97.9M |
| 3 |
Carlisle Companies
CSL
|
+$29.2M |
| 4 |
Healthcare Realty
HR
|
+$28.7M |
| 5 |
Gaming and Leisure Properties
GLPI
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$102M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$91.2M |
| 3 |
Chevron
CVX
|
+$54.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$52.9M |
| 5 |
Microsoft
MSFT
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.12% |
| 2 | Healthcare | 15.83% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Industrials | 8.88% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DM
2151
DELISTED
Desktop Metal, Inc.
DM
| $1.35M | ﹤0.01% |
52,030
+740
| +1% | +$20.7K |
|
|
MRUS
2152
DELISTED
Merus
MRUS
| $1.34M | ﹤0.01% |
67,154
+1,500
| +2% | +$35.8K |
|
2153
Rocket Lab Corp
RKLB
$51.8B
| $1.34M | ﹤0.01% |
328,400
| – | – |
|
|
RDFN
2154
DELISTED
Redfin
RDFN
| $1.34M | ﹤0.01% |
228,700
+4,200
| +2% | +$37.3K |
|
|
NSTG
2155
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.34M | ﹤0.01% |
104,600
+2,400
| +2% | +$33.3K |
|
|
UHT
2156
Universal Health Realty Income Trust
UHT
$577M
| $1.33M | ﹤0.01% |
30,900
| – | – |
|
2157
OneSpaWorld
OSW
$2.72B
| $1.33M | ﹤0.01% |
158,600
+10,100
| +7% | +$84.7K |
|
|
CSII
2158
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.33M | ﹤0.01% |
95,800
| – | – |
|
|
CVGW
2159
DELISTED
Calavo Growers
CVGW
| $1.32M | ﹤0.01% |
41,700
| – | – |
|
2160
Vanda Pharmaceuticals
VNDA
$308M
| $1.32M | ﹤0.01% |
134,000
+2,300
| +2% | +$24.3K |
|
|
FFIC
2161
DELISTED
Flushing Financial
FFIC
| $1.32M | ﹤0.01% |
68,323
| – | – |
|
2162
Artivion
AORT
$1.38B
| $1.32M | ﹤0.01% |
95,300
+2,300
| +2% | +$46.3K |
|
|
CINC
2163
DELISTED
CinCor Pharma, Inc. Common Stock
CINC
| $1.32M | ﹤0.01% |
40,200
+9,100
| +29% | +$257K |
|
2164
Stagwell
STGW
$2.27B
| $1.32M | ﹤0.01% |
189,400
+42,800
| +29% | +$276K |
|
2165
BJ's Restaurants
BJRI
$1.44B
| $1.31M | ﹤0.01% |
55,100
| – | – |
|
2166
AudioCodes
AUDC
$255M
| $1.31M | ﹤0.01% |
60,803
-654
| -1% | -$14.7K |
|
|
TGI
2167
DELISTED
Triumph Group
TGI
| $1.31M | ﹤0.01% |
152,800
| – | – |
|
2168
Peapack-Gladstone Financial
PGC
$826M
| $1.31M | ﹤0.01% |
39,000
| – | – |
|
|
EXK
2169
Endeavour Silver
EXK
$3.03B
| $1.31M | ﹤0.01% |
431,400
+25,600
| +6% | +$81.1K |
|
2170
Kinetik
KNTK
$4.15B
| $1.31M | ﹤0.01% |
40,200
| – | – |
|
2171
Helix Energy Solutions
HLX
$1.49B
| $1.31M | ﹤0.01% |
338,900
| – | – |
|
|
RUTH
2172
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.3M | ﹤0.01% |
77,300
+2,200
| +3% | +$38.9K |
|
2173
Domo
DOMO
$183M
| $1.3M | ﹤0.01% |
72,200
+3,100
| +4% | +$81.3K |
|
2174
York Water
YORW
$533M
| $1.3M | ﹤0.01% |
33,800
+2,800
| +9% | +$120K |
|
2175
Clover Health Investments
CLOV
$2.38B
| $1.3M | ﹤0.01% |
763,700
+5,900
| +0.8% | +$15.5K |
|
Similar funds
Swiss National Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Swiss National Bank held 2,744 positions worth $140B, down 5.4% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 1.2%. Swiss National Bank opened 4 new positions and exited 30, leaving the 2,744-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2022 buy was Northrop Grumman: 639,945 shares worth $301M.
- Swiss National Bank added most to Prologis in Q3 2022, an estimated $97.9M increase.
- Swiss National Bank's biggest Q3 2022 reduction was Apple, cutting an estimated $102M.
- Swiss National Bank fully exited Duke Realty Corp. in Q3 2022, selling an estimated $91.2M.
- Swiss National Bank's ten largest holdings make up 26% of its $140B portfolio in Q3 2022.
- Swiss National Bank opened 4 new positions and closed 30 in Q3 2022.
- Swiss National Bank's portfolio value fell 5.4% quarter-over-quarter to $140B.
Based on Swiss National Bank's 13F filing for Q3 2022, filed 9 Nov 2022.