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 | |
|---|---|---|---|---|---|---|
|
DCBO
2251
Docebo
DCBO
$561M
| $1.17M | ﹤0.01% |
42,900
| – | – |
|
|
VRAY
2252
DELISTED
ViewRay, Inc.
VRAY
| $1.17M | ﹤0.01% |
320,900
+7,200
| +2% | +$24.2K |
|
2253
Midland States Bancorp
MSBI
$696M
| $1.17M | ﹤0.01% |
49,500
| – | – |
|
|
SAFE
2254
DELISTED
Safehold Inc.
SAFE
| $1.17M | ﹤0.01% |
44,100
+4,000
| +10% | +$156K |
|
2255
Senseonics Holdings Inc
SENS
$419M
| $1.16M | ﹤0.01% |
43,940
+1,920
| +5% | +$58.7K |
|
|
EB
2256
DELISTED
Eventbrite
EB
| $1.15M | ﹤0.01% |
189,600
-14,800
| -7% | -$125K |
|
2257
First Community Bankshares
FCBC
$927M
| $1.14M | ﹤0.01% |
35,679
-600
| -2% | -$19K |
|
|
TWOU
2258
DELISTED
2U Inc
TWOU
| $1.14M | ﹤0.01% |
6,093
+153
| +3% | +$39.8K |
|
2259
SunCoke Energy
SXC
$801M
| $1.14M | ﹤0.01% |
196,450
| – | – |
|
2260
IDT Corp
IDT
$1.63B
| $1.14M | ﹤0.01% |
45,900
| – | – |
|
|
LGTY
2261
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.14M | ﹤0.01% |
74,400
| – | – |
|
2262
Ethan Allen Interiors
ETD
$575M
| $1.13M | ﹤0.01% |
53,600
| – | – |
|
2263
Argan
AGX
$8.02B
| $1.13M | ﹤0.01% |
35,200
-2,100
| -6% | -$74K |
|
|
ALX
2264
Alexander's
ALX
$1.39B
| $1.13M | ﹤0.01% |
5,400
| – | – |
|
2265
Acco Brands
ACCO
$399M
| $1.13M | ﹤0.01% |
230,000
+3,600
| +2% | +$22.8K |
|
2266
Arrow Financial
AROW
$725M
| $1.13M | ﹤0.01% |
40,227
| – | – |
|
2267
Bank of Marin Bancorp
BMRC
$462M
| $1.13M | ﹤0.01% |
37,600
| – | – |
|
|
AGTI
2268
DELISTED
Agiliti Inc
AGTI
| $1.13M | ﹤0.01% |
78,700
+1,400
| +2% | +$25.9K |
|
2269
Anterix
ATEX
$1.74B
| $1.12M | ﹤0.01% |
31,450
+1,100
| +4% | +$45.7K |
|
|
FNA
2270
DELISTED
Paragon 28, Inc.
FNA
| $1.12M | ﹤0.01% |
63,000
| – | – |
|
|
EWCZ
2271
DELISTED
European Wax Center
EWCZ
| $1.12M | ﹤0.01% |
60,800
+900
| +2% | +$17.7K |
|
2272
Health Catalyst
HCAT
$135M
| $1.12M | ﹤0.01% |
115,600
+5,200
| +5% | +$68.8K |
|
2273
Smith & Wesson
SWBI
$636M
| $1.12M | ﹤0.01% |
107,950
-5,600
| -5% | -$74K |
|
|
BORR
2274
Borr Drilling
BORR
$1.27B
| $1.12M | ﹤0.01% |
329,028
+7,545
| +2% | +$28K |
|
2275
Genco Shipping & Trading
GNK
$1.1B
| $1.11M | ﹤0.01% |
88,900
| – | – |
|
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.