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 |
AT&T
T
|
+$161M |
| 2 |
Amazon
AMZN
|
+$73.7M |
| 3 |
Evergy
EVRG
|
+$72.4M |
| 4 |
Microsoft
MSFT
|
+$65.3M |
| 5 |
Apple
AAPL
|
+$55.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$257M |
| 2 |
MON
Monsanto Co
MON
|
+$208M |
| 3 |
WR
Westar Energy Inc
WR
|
+$47.7M |
| 4 |
Travel + Leisure Co
TNL
|
+$26.9M |
| 5 |
Intuitive Surgical
ISRG
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.21% |
| 2 | Healthcare | 14.51% |
| 3 | Consumer Discretionary | 11.78% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 9.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Agnico Eagle Mines
AEM
$90.5B
| $93.6M | 0.11% |
2,047,853
-176,500
| -8% | -$7.77M |
|
202
Lam Research
LRCX
$390B
| $93.1M | 0.11% |
5,386,460
+196,000
| +4% | +$3.78M |
|
203
Sempra
SRE
$54.8B
| $93.1M | 0.11% |
1,603,200
+72,600
| +5% | +$3.97M |
|
204
McKesson
MCK
$101B
| $91.1M | 0.1% |
682,691
+13,900
| +2% | +$2.03M |
|
205
Weyerhaeuser
WY
$18.4B
| $91.1M | 0.1% |
2,497,320
+75,500
| +3% | +$2.76M |
|
|
ALXN
206
DELISTED
Alexion Pharmaceuticals
ALXN
| $91M | 0.1% |
733,241
+16,400
| +2% | +$1.92M |
|
207
VF Corp
VFC
$5.89B
| $90.8M | 0.1% |
1,183,009
+38,551
| +3% | +$2.9M |
|
208
Public Service Enterprise Group
PEG
$37.7B
| $90.3M | 0.1% |
1,668,577
+45,000
| +3% | +$2.31M |
|
209
Regeneron Pharmaceuticals
REGN
$80.8B
| $90.3M | 0.1% |
261,800
+7,900
| +3% | +$2.47M |
|
210
Markel Group
MKL
$23.2B
| $90M | 0.1% |
83,030
+1,750
| +2% | +$1.98M |
|
211
Church & Dwight Co
CHD
$24.5B
| $89.8M | 0.1% |
1,690,016
+12,300
| +0.7% | +$595K |
|
212
Teva Pharmaceuticals
TEVA
$41.2B
| $89.7M | 0.1% |
3,686,899
+298,600
| +9% | +$6.09M |
|
213
Sun Life Financial
SLF
$45.4B
| $88.8M | 0.1% |
2,216,900
-6,400
| -0.3% | -$265K |
|
214
Dollar General
DG
$27.9B
| $88.5M | 0.1% |
898,052
+21,300
| +2% | +$2.05M |
|
|
COL
215
DELISTED
Rockwell Collins
COL
| $88.2M | 0.1% |
654,717
+112,057
| +21% | +$15.2M |
|
216
Eversource Energy
ES
$27.2B
| $87.5M | 0.1% |
1,492,757
+34,700
| +2% | +$2M |
|
217
Align Technology
ALGN
$12.3B
| $86.2M | 0.1% |
252,000
+7,600
| +3% | +$2.27M |
|
218
PPG Industries
PPG
$26.6B
| $85.8M | 0.1% |
827,360
+10,900
| +1% | +$1.15M |
|
219
Wheaton Precious Metals
WPM
$60.9B
| $85.8M | 0.1% |
3,896,800
-351,500
| -8% | -$7.56M |
|
220
Archer Daniels Midland
ADM
$36.9B
| $84.8M | 0.1% |
1,850,204
+53,800
| +3% | +$2.42M |
|
221
Realty Income
O
$59.1B
| $83.3M | 0.1% |
1,597,536
+39,629
| +3% | +$2.01M |
|
222
Kroger
KR
$34.8B
| $82.9M | 0.09% |
2,914,696
+88,200
| +3% | +$2.22M |
|
223
Edison International
EIX
$26.4B
| $82.6M | 0.09% |
1,305,764
+34,200
| +3% | +$2.13M |
|
224
Centene
CNC
$32.5B
| $82.5M | 0.09% |
1,339,928
+232,600
| +21% | +$13.4M |
|
225
Essex Property Trust
ESS
$18.5B
| $81.7M | 0.09% |
341,652
+7,500
| +2% | +$1.79M |
|
Similar funds
Swiss National Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Swiss National Bank held 2,583 positions worth $87.5B, up 6.6% from $82B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2018 filing shows 99 new, 998 increased, 212 reduced and 57 closed positions. Its largest new stake was Evergy: 1,352,626 shares worth $76M. The largest sale was Time Warner Inc, an estimated $257M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2018 buy was Evergy: 1,352,626 shares worth $76M.
- Swiss National Bank added most to AT&T in Q2 2018, an estimated $161M increase.
- Swiss National Bank's biggest Q2 2018 reduction was Travel + Leisure Co, cutting an estimated $26.9M.
- Swiss National Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $257M.
- Swiss National Bank's ten largest holdings make up 18% of its $87.5B portfolio in Q2 2018.
- Swiss National Bank opened 99 new positions and closed 57 in Q2 2018.
- Swiss National Bank's portfolio value rose 6.6% quarter-over-quarter to $87.5B.
Based on Swiss National Bank's 13F filing for Q2 2018, filed 9 Aug 2018.