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 | |
|---|---|---|---|---|---|---|
|
FARO
2176
DELISTED
Faro Technologies
FARO
| $1.3M | ﹤0.01% |
44,100
+1,000
| +2% | +$29.7K |
|
2177
Insteel Industries
IIIN
$635M
| $1.3M | ﹤0.01% |
47,100
+1,200
| +3% | +$32.9K |
|
2178
AngioDynamics
ANGO
$651M
| $1.3M | ﹤0.01% |
94,100
+2,800
| +3% | +$39K |
|
|
ABST
2179
DELISTED
Absolute Software Corp
ABST
| $1.3M | ﹤0.01% |
124,100
+3,100
| +3% | +$32.4K |
|
|
ALLK
2180
DELISTED
Allakos
ALLK
| $1.29M | ﹤0.01% |
+153,500
| New | +$1.07M |
|
|
BAND
2181
Bandwidth Inc
BAND
$1.67B
| $1.29M | ﹤0.01% |
56,300
+1,800
| +3% | +$32.7K |
|
|
LGTY
2182
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.29M | ﹤0.01% |
87,900
+13,500
| +18% | +$207K |
|
2183
Gorman-Rupp
GRC
$2.15B
| $1.29M | ﹤0.01% |
50,347
+900
| +2% | +$23.8K |
|
|
BLUE
2184
DELISTED
bluebird bio
BLUE
| $1.29M | ﹤0.01% |
+9,310
| New | +$1.31M |
|
|
DENN
2185
DELISTED
Denny's
DENN
| $1.29M | ﹤0.01% |
139,900
-6,400
| -4% | -$69.3K |
|
|
CHUY
2186
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $1.29M | ﹤0.01% |
45,500
+700
| +2% | +$20.3K |
|
|
ME
2187
DELISTED
23andMe Holding Co
ME
| $1.29M | ﹤0.01% |
29,790
+620
| +2% | +$36.1K |
|
2188
BRC Group Holdings
RILY
$304M
| $1.29M | ﹤0.01% |
37,600
+1,200
| +3% | +$50.3K |
|
2189
Acco Brands
ACCO
$399M
| $1.29M | ﹤0.01% |
230,000
| – | – |
|
|
ACRE
2190
Ares Commercial Real Estate
ACRE
$261M
| $1.29M | ﹤0.01% |
124,900
+3,200
| +3% | +$36.8K |
|
2191
SandRidge Energy
SD
$529M
| $1.28M | ﹤0.01% |
75,400
+1,900
| +3% | +$35.5K |
|
2192
Boston Omaha
BOC
$436M
| $1.28M | ﹤0.01% |
48,363
+1,200
| +3% | +$31.5K |
|
|
CRON
2193
Cronos Group
CRON
$1.17B
| $1.28M | ﹤0.01% |
504,300
+13,900
| +3% | +$40.7K |
|
2194
Rocket Lab Corp
RKLB
$51.9B
| $1.28M | ﹤0.01% |
339,700
+11,300
| +3% | +$49.3K |
|
2195
Leonardo DRS
DRS
$12.1B
| $1.28M | ﹤0.01% |
+100,200
| New | +$1.16M |
|
|
SAVE
2196
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.28M | ﹤0.01% |
65,700
+1,600
| +2% | +$32.8K |
|
2197
Business First Bancshares
BFST
$1.05B
| $1.28M | ﹤0.01% |
+57,608
| New | +$1.32M |
|
2198
First Financial Corp
THFF
$970M
| $1.27M | ﹤0.01% |
27,626
-700
| -2% | -$33.1K |
|
2199
Bank of Marin Bancorp
BMRC
$462M
| $1.27M | ﹤0.01% |
38,700
+1,100
| +3% | +$37K |
|
2200
SiriusPoint
SPNT
$2.66B
| $1.27M | ﹤0.01% |
215,600
+5,000
| +2% | +$29.4K |
|
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.