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 | |
|---|---|---|---|---|---|---|
2226
indie Semiconductor
INDI
$847M
| $1.21M | ﹤0.01% |
165,800
+7,100
| +4% | +$52.5K |
|
2227
Caribou Biosciences
CRBU
$169M
| $1.21M | ﹤0.01% |
114,400
| – | – |
|
|
OBE
2228
Obsidian Energy
OBE
$695M
| $1.21M | ﹤0.01% |
166,600
+3,400
| +2% | +$27.6K |
|
|
HSII
2229
DELISTED
Heidrick & Struggles
HSII
| $1.21M | ﹤0.01% |
46,400
| – | – |
|
|
SAVE
2230
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.21M | ﹤0.01% |
64,100
| – | – |
|
2231
Myers Industries
MYE
$1.23B
| $1.2M | ﹤0.01% |
72,900
| – | – |
|
2232
Sana Biotechnology
SANA
$1.13B
| $1.2M | ﹤0.01% |
200,200
| – | – |
|
2233
Alector
ALEC
$240M
| $1.2M | ﹤0.01% |
126,900
+2,000
| +2% | +$21.6K |
|
2234
SandRidge Energy
SD
$529M
| $1.2M | ﹤0.01% |
73,500
| – | – |
|
2235
Unisys
UIS
$206M
| $1.2M | ﹤0.01% |
158,800
| – | – |
|
2236
Sprinklr
CXM
$1.58B
| $1.2M | ﹤0.01% |
129,900
+2,500
| +2% | +$28.1K |
|
|
AMPS
2237
DELISTED
Altus Power
AMPS
| $1.2M | ﹤0.01% |
108,600
| – | – |
|
2238
SI-BONE Inc
SIBN
$852M
| $1.19M | ﹤0.01% |
68,400
+1,400
| +2% | +$22.4K |
|
|
ARR
2239
Armour Residential REIT
ARR
$2.36B
| $1.19M | ﹤0.01% |
48,922
+3,680
| +8% | +$129K |
|
|
STEL
2240
DELISTED
Stellar Bancorp
STEL
| $1.19M | ﹤0.01% |
40,658
-2,800
| -6% | -$84.2K |
|
|
AGEN
2241
Agenus
AGEN
$311M
| $1.19M | ﹤0.01% |
29,464
+1,727
| +6% | +$88.1K |
|
|
FARO
2242
DELISTED
Faro Technologies
FARO
| $1.18M | ﹤0.01% |
43,100
| – | – |
|
2243
IonQ
IONQ
$18.3B
| $1.18M | ﹤0.01% |
232,900
| – | – |
|
|
LUCK
2244
Lucky Strike Entertainment
LUCK
$937M
| $1.18M | ﹤0.01% |
95,800
+7,500
| +8% | +$89.5K |
|
|
GLDD
2245
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.18M | ﹤0.01% |
155,400
| – | – |
|
2246
Gorman-Rupp
GRC
$2.15B
| $1.18M | ﹤0.01% |
49,447
| – | – |
|
2247
Heron Therapeutics
HRTX
$64.7M
| $1.18M | ﹤0.01% |
278,700
+38,000
| +16% | +$149K |
|
|
ONL
2248
Orion Office REIT
ONL
$161M
| $1.17M | ﹤0.01% |
133,900
| – | – |
|
|
AAMI
2249
Acadian Asset Management
AAMI
$3.27B
| $1.17M | ﹤0.01% |
78,626
-4,200
| -5% | -$75.4K |
|
2250
IAMGOLD
IAG
$10.3B
| $1.17M | ﹤0.01% |
1,074,900
| – | – |
|
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.