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 |
Walt Disney
DIS
|
+$138M |
| 2 |
Alibaba
BABA
|
+$100M |
| 3 |
Microsoft
MSFT
|
+$72.8M |
| 4 |
Amazon
AMZN
|
+$65.7M |
| 5 |
Fox Class A
FOXA
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$165M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$68.3M |
| 3 |
Oracle
ORCL
|
+$43.1M |
| 4 |
PG&E
PCG
|
+$41.2M |
| 5 |
Qualcomm
QCOM
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.64% |
| 2 | Healthcare | 15.18% |
| 3 | Consumer Discretionary | 11.83% |
| 4 | Communication Services | 10.12% |
| 5 | Industrials | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Haverty Furniture Companies
HVT
$439M
| $718K | ﹤0.01% |
32,800
+1,100
| +3% | +$23.8K |
|
|
ABTX
2252
DELISTED
Allegiance Bancshares
ABTX
| $718K | ﹤0.01% |
21,300
| – | – |
|
2253
A10 Networks
ATEN
$2B
| $715K | ﹤0.01% |
100,800
+4,400
| +5% | +$29.9K |
|
|
PGNX
2254
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $715K | ﹤0.01% |
154,100
+6,700
| +5% | +$30.3K |
|
|
TLRD
2255
DELISTED
Tailored Brands, Inc.
TLRD
| $713K | ﹤0.01% |
90,900
+2,800
| +3% | +$33.1K |
|
2256
Tejon Ranch
TRC
$449M
| $709K | ﹤0.01% |
40,280
+2,300
| +6% | +$42.4K |
|
|
VRAY
2257
DELISTED
ViewRay, Inc.
VRAY
| $709K | ﹤0.01% |
95,900
+9,000
| +10% | +$69.4K |
|
2258
Quad
QUAD
$502M
| $703K | ﹤0.01% |
59,100
+1,600
| +3% | +$21.5K |
|
|
CHUY
2259
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $701K | ﹤0.01% |
30,800
+1,300
| +4% | +$28.4K |
|
|
SHOE
2260
Shoe Station Group
SHOE
$417M
| $698K | ﹤0.01% |
41,000
+1,200
| +3% | +$21.8K |
|
2261
First Mid Bancshares
FMBH
$1.37B
| $696K | ﹤0.01% |
20,900
+600
| +3% | +$20.3K |
|
2262
Insteel Industries
IIIN
$626M
| $695K | ﹤0.01% |
33,200
+1,700
| +5% | +$37.4K |
|
|
HCCI
2263
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $692K | ﹤0.01% |
25,200
+1,300
| +5% | +$33.1K |
|
|
FLXN
2264
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $689K | ﹤0.01% |
55,211
+1,700
| +3% | +$22.7K |
|
|
BVH
2265
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $687K | ﹤0.01% |
23,220
+800
| +4% | +$24.5K |
|
|
TBRG
2266
DELISTED
TruBridge
TBRG
| $686K | ﹤0.01% |
23,100
+700
| +3% | +$20.2K |
|
|
GNMK
2267
DELISTED
GenMark Diagnostics, Inc
GNMK
| $686K | ﹤0.01% |
96,800
+3,100
| +3% | +$20.4K |
|
2268
BrightView Holdings
BV
$1.05B
| $685K | ﹤0.01% |
47,600
+2,300
| +5% | +$32K |
|
2269
Caesarstone
CSTE
$103M
| $685K | ﹤0.01% |
43,900
+2,900
| +7% | +$45.4K |
|
|
NINE
2270
DELISTED
Nine Energy Service
NINE
| $684K | ﹤0.01% |
30,200
+1,800
| +6% | +$43.5K |
|
2271
Matsons
MATX
$6.37B
| $682K | ﹤0.01% |
18,900
| – | – |
|
2272
Red Robin
RRGB
$149M
| $680K | ﹤0.01% |
23,600
+1,100
| +5% | +$33.9K |
|
2273
Intrepid Potash
IPI
$495M
| $679K | ﹤0.01% |
17,920
+870
| +5% | +$30.2K |
|
2274
Lindblad Expeditions
LIND
$2.18B
| $679K | ﹤0.01% |
44,541
| – | – |
|
2275
The RMR Group
RMR
$336M
| $676K | ﹤0.01% |
11,092
+300
| +3% | +$19.8K |
|
Similar funds
Swiss National Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Swiss National Bank held 2,549 positions worth $91.2B, up 17% from $78B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 2.2%. Swiss National Bank opened 13 new positions and exited 42, leaving the 2,549-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2019 buy was Fox Class A: 1,197,967 shares worth $44M.
- Swiss National Bank added most to Walt Disney in Q1 2019, an estimated $138M increase.
- Swiss National Bank's biggest Q1 2019 reduction was Oracle, cutting an estimated $43.1M.
- Swiss National Bank fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $165M.
- Swiss National Bank's ten largest holdings make up 18% of its $91.2B portfolio in Q1 2019.
- Swiss National Bank opened 13 new positions and closed 42 in Q1 2019.
- Swiss National Bank's portfolio value rose 17% quarter-over-quarter to $91.2B.
Based on Swiss National Bank's 13F filing for Q1 2019, filed 10 May 2019.