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 |
Nutrien
NTR
|
+$117M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$36.3M |
| 3 |
Becton Dickinson
BDX
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$29.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$443M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.01% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.43% |
| 5 | Communication Services | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2226
Tucows
TCX
$145M
| $767K | ﹤0.01% |
13,700
+600
| +5% | +$33.8K |
|
2227
Citi Trends
CTRN
$637M
| $766K | ﹤0.01% |
24,786
-1,700
| -6% | -$41.6K |
|
2228
Weis Markets
WMK
$1.74B
| $766K | ﹤0.01% |
18,700
+800
| +4% | +$31.4K |
|
|
ONIT
2229
Onity Group
ONIT
$331M
| $766K | ﹤0.01% |
12,400
-827
| -6% | -$44.4K |
|
|
NVEE
2230
DELISTED
NV5 Global
NVEE
| $764K | ﹤0.01% |
54,800
| – | – |
|
2231
Tactile Systems Technology
TCMD
$557M
| $763K | ﹤0.01% |
24,000
| – | – |
|
|
EGIO
2232
DELISTED
Edgio, Inc. Common Stock
EGIO
| $762K | ﹤0.01% |
4,635
+615
| +15% | +$105K |
|
|
ABTX
2233
DELISTED
Allegiance Bancshares
ABTX
| $760K | ﹤0.01% |
19,400
+1,000
| +5% | +$39.4K |
|
2234
First Community Bankshares
FCBC
$923M
| $755K | ﹤0.01% |
25,279
+1,500
| +6% | +$42.6K |
|
2235
The RMR Group
RMR
$339M
| $755K | ﹤0.01% |
10,792
-700
| -6% | -$45.1K |
|
2236
Arbor Realty Trust
ABR
$998M
| $754K | ﹤0.01% |
85,500
+3,800
| +5% | +$32.3K |
|
|
GDEN
2237
DELISTED
Golden Entertainment
GDEN
| $753K | ﹤0.01% |
32,400
+13,400
| +71% | +$388K |
|
2238
Globalstar
GSAT
$10.8B
| $753K | ﹤0.01% |
73,024
+11,854
| +19% | +$176K |
|
|
QADA
2239
DELISTED
QAD Inc.
QADA
| $750K | ﹤0.01% |
18,000
+1,100
| +7% | +$47K |
|
|
KE
2240
Kimball Electronics
KE
$617M
| $749K | ﹤0.01% |
46,400
| – | – |
|
|
EVRI
2241
DELISTED
Everi Holdings
EVRI
| $748K | ﹤0.01% |
113,800
| – | – |
|
|
EGRX
2242
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $748K | ﹤0.01% |
14,200
| – | – |
|
2243
Accuray
ARAY
$34.5M
| $747K | ﹤0.01% |
149,300
-5,500
| -4% | -$28.8K |
|
2244
Lantheus
LNTH
$6.58B
| $747K | ﹤0.01% |
47,000
| – | – |
|
2245
Bar Harbor Bankshares
BHB
$674M
| $746K | ﹤0.01% |
26,900
+1,300
| +5% | +$36.7K |
|
2246
Westwood Holdings Group
WHG
$183M
| $745K | ﹤0.01% |
13,193
+800
| +6% | +$48.7K |
|
2247
Akebia Therapeutics
AKBA
$244M
| $744K | ﹤0.01% |
78,100
+13,800
| +21% | +$193K |
|
|
INWK
2248
DELISTED
InnerWorkings, Inc.
INWK
| $744K | ﹤0.01% |
82,200
| – | – |
|
2249
Plug Power
PLUG
$3.17B
| $741K | ﹤0.01% |
391,900
+18,200
| +5% | +$36.7K |
|
2250
STAAR Surgical
STAA
$1.23B
| $739K | ﹤0.01% |
49,900
| – | – |
|
Similar funds
Swiss National Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Swiss National Bank held 2,520 positions worth $82B, down 11% from $92.6B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Swiss National Bank withdrew a net $9.58B in Q1 2018, closing 36 positions and reducing 634 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $66.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Nutrien worth $111M.
- Swiss National Bank's largest Q1 2018 buy was Nutrien: 2,341,052 shares worth $111M.
- Swiss National Bank added most to Worldpay, Inc. in Q1 2018, an estimated $36.3M increase.
- Swiss National Bank's biggest Q1 2018 reduction was Apple, cutting an estimated $443M.
- Swiss National Bank fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $66.5M.
- Swiss National Bank's ten largest holdings make up 17% of its $82B portfolio in Q1 2018.
- Swiss National Bank opened 6 new positions and closed 36 in Q1 2018.
- Swiss National Bank's portfolio value fell 11% quarter-over-quarter to $82B.
Based on Swiss National Bank's 13F filing for Q1 2018, filed 4 May 2018.