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 |
CRH
CRH
|
+$154M |
| 2 |
Kenvue
KVUE
|
+$114M |
| 3 |
Textron
TXT
|
+$48.3M |
| 4 |
Extra Space Storage
EXR
|
+$25.8M |
| 5 |
AngloGold Ashanti
AU
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$932M |
| 3 |
Amazon
AMZN
|
+$488M |
| 4 |
NVIDIA
NVDA
|
+$437M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$311M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.42% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.15% |
| 5 | Communication Services | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
REVG
2226
DELISTED
REV Group
REVG
| $1.05M | ﹤0.01% |
65,400
-5,100
| -7% | -$69.7K |
|
|
EXK
2227
Endeavour Silver
EXK
$3.14B
| $1.05M | ﹤0.01% |
424,200
+11,200
| +3% | +$33K |
|
2228
Vaalco Energy
EGY
$602M
| $1.04M | ﹤0.01% |
237,100
+3,100
| +1% | +$13.5K |
|
2229
ARKO Corp
ARKO
$500M
| $1.04M | ﹤0.01% |
145,461
+27,800
| +24% | +$217K |
|
2230
Amerant Bancorp
AMTB
$1.15B
| $1.04M | ﹤0.01% |
59,500
+7,900
| +15% | +$151K |
|
2231
Consensus Cloud Solutions
CCSI
$695M
| $1.04M | ﹤0.01% |
41,177
| – | – |
|
2232
Horizon Bancorp
HBNC
$1.05B
| $1.04M | ﹤0.01% |
96,950
+2,100
| +2% | +$23.6K |
|
2233
PubMatic
PUBM
$783M
| $1.03M | ﹤0.01% |
85,400
| – | – |
|
2234
Skywest
SKYW
$4.16B
| $1.02M | ﹤0.01% |
24,400
-2,200
| -8% | -$92.3K |
|
|
BBUC
2235
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$5.93B
| $1.02M | ﹤0.01% |
56,287
| – | – |
|
|
CATC
2236
DELISTED
CAMBRIDGE BANCORP
CATC
| $1.02M | ﹤0.01% |
16,362
-700
| -4% | -$39.8K |
|
2237
Viridian Therapeutics
VRDN
$2.59B
| $1.02M | ﹤0.01% |
66,400
+5,700
| +9% | +$109K |
|
|
CLDT
2238
Chatham Lodging
CLDT
$590M
| $1.02M | ﹤0.01% |
106,300
| – | – |
|
2239
Digimarc Corp
DMRC
$167M
| $1.02M | ﹤0.01% |
+31,300
| New | +$1M |
|
2240
First Watch Restaurant Group
FWRG
$781M
| $1.02M | ﹤0.01% |
58,800
+20,400
| +53% | +$376K |
|
2241
QuinStreet
QNST
$1.19B
| $1.01M | ﹤0.01% |
113,000
+3,000
| +3% | +$27.8K |
|
|
BFS
2242
Saul Centers
BFS
$850M
| $1.01M | ﹤0.01% |
28,683
| – | – |
|
2243
Great Southern Bancorp
GSBC
$877M
| $1.01M | ﹤0.01% |
21,100
| – | – |
|
|
SWI
2244
DELISTED
SolarWinds Corporation Common Stock
SWI
| $1.01M | ﹤0.01% |
106,850
| – | – |
|
2245
Virgin Galactic
SPCE
$500M
| $1.01M | ﹤0.01% |
27,950
+490
| +2% | +$29.2K |
|
2246
Clear Channel Outdoor Holdings
CCO
$1.23B
| $1.01M | ﹤0.01% |
636,800
-38,800
| -6% | -$58.8K |
|
2247
United States Lime & Minerals
USLM
$3.42B
| $1M | ﹤0.01% |
25,000
+500
| +2% | +$20.8K |
|
|
TBI
2248
Trueblue
TBI
$302M
| $1M | ﹤0.01% |
68,200
-1,600
| -2% | -$24.9K |
|
2249
Mitek Systems
MITK
$838M
| $1M | ﹤0.01% |
93,300
-3,100
| -3% | -$34.7K |
|
2250
Montauk Renewables
MNTK
$265M
| $997K | ﹤0.01% |
109,400
| – | – |
|
Similar funds
Swiss National Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Swiss National Bank held 2,646 positions worth $127B, down 13% from $147B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $15B in Q3 2023, closing 38 positions and reducing 826 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $36.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in CRH worth $150M.
- Swiss National Bank's largest Q3 2023 buy was CRH: 2,712,293 shares worth $150M.
- Swiss National Bank added most to Extra Space Storage in Q3 2023, an estimated $25.8M increase.
- Swiss National Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $1.2B.
- Swiss National Bank fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $36.2M.
- Swiss National Bank's ten largest holdings make up 28% of its $127B portfolio in Q3 2023.
- Swiss National Bank opened 46 new positions and closed 38 in Q3 2023.
- Swiss National Bank's portfolio value fell 13% quarter-over-quarter to $127B.
Based on Swiss National Bank's 13F filing for Q3 2023, filed 8 Nov 2023.