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 |
First Solar
FSLR
|
+$24M |
| 2 |
Ovintiv
OVV
|
+$22M |
| 3 |
Hubbell
HUBB
|
+$21.8M |
| 4 |
U-Haul Holding Co Series N
UHAL.B
|
+$20.7M |
| 5 |
Lamb Weston
LW
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$690M |
| 2 |
Microsoft
MSFT
|
+$479M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.31% |
| 2 | Healthcare | 16.63% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Coherus Oncology
CHRS
$181M
| $1.19M | ﹤0.01% |
150,200
+3,300
| +2% | +$25.4K |
|
2252
Mission Produce
AVO
$1.13B
| $1.19M | ﹤0.01% |
102,300
+2,500
| +3% | +$38.5K |
|
|
AVDX
2253
DELISTED
AvidXchange
AVDX
| $1.19M | ﹤0.01% |
119,500
+3,500
| +3% | +$30.4K |
|
|
ORGN
2254
DELISTED
Origin Materials
ORGN
| $1.19M | ﹤0.01% |
8,587
+204
| +2% | +$32.5K |
|
2255
Grid Dynamics Holdings
GDYN
$632M
| $1.18M | ﹤0.01% |
105,600
+2,200
| +2% | +$28.5K |
|
|
TVRD
2256
Tvardi Therapeutics
TVRD
$22.1M
| $1.18M | ﹤0.01% |
3,061
+61
| +2% | +$23.2K |
|
2257
Artivion
AORT
$1.4B
| $1.18M | ﹤0.01% |
97,300
+2,000
| +2% | +$24K |
|
2258
Vishay Precision Group
VPG
$934M
| $1.18M | ﹤0.01% |
30,500
+700
| +2% | +$25.5K |
|
2259
Stagwell
STGW
$2.29B
| $1.18M | ﹤0.01% |
189,400
| – | – |
|
2260
Quanterix
QTRX
$139M
| $1.17M | ﹤0.01% |
84,800
+2,800
| +3% | +$32.2K |
|
|
TWOU
2261
DELISTED
2U Inc
TWOU
| $1.17M | ﹤0.01% |
6,237
+144
| +2% | +$28.6K |
|
|
IMGO
2262
DELISTED
Imago BioSciences, Inc. Common stock
IMGO
| $1.17M | ﹤0.01% |
32,600
+800
| +3% | +$20K |
|
|
ONL
2263
Orion Office REIT
ONL
$161M
| $1.17M | ﹤0.01% |
136,800
+2,900
| +2% | +$26.5K |
|
2264
Lightwave Logic
LWLG
$1.23B
| $1.17M | ﹤0.01% |
270,600
+6,000
| +2% | +$42.6K |
|
|
ATSG
2265
DELISTED
Air Transport Services Group
ATSG
| $1.17M | ﹤0.01% |
44,850
+1,000
| +2% | +$27.5K |
|
2266
Bar Harbor Bankshares
BHB
$677M
| $1.16M | ﹤0.01% |
36,300
+800
| +2% | +$23.9K |
|
2267
FIGS
FIGS
$2.4B
| $1.16M | ﹤0.01% |
172,600
+3,400
| +2% | +$24.5K |
|
|
WOW
2268
DELISTED
WideOpenWest
WOW
| $1.16M | ﹤0.01% |
127,100
+2,200
| +2% | +$24.9K |
|
|
EGLE
2269
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $1.15M | ﹤0.01% |
23,100
+600
| +3% | +$30.1K |
|
|
SRDX
2270
DELISTED
Surmodics
SRDX
| $1.15M | ﹤0.01% |
33,800
+900
| +3% | +$30.2K |
|
|
ACLX
2271
DELISTED
Arcellx
ACLX
| $1.15M | ﹤0.01% |
+37,000
| New | +$849K |
|
2272
Opendoor
OPEN
$3.39B
| $1.14M | ﹤0.01% |
1,019,900
+24,800
| +2% | +$47.6K |
|
2273
Equity Bancshares
EQBK
$1.06B
| $1.14M | ﹤0.01% |
+34,981
| New | +$1.21M |
|
|
BRMK
2274
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $1.14M | ﹤0.01% |
320,800
+5,900
| +2% | +$27.5K |
|
2275
Vaalco Energy
EGY
$602M
| $1.14M | ﹤0.01% |
+250,400
| New | +$1.26M |
|
Similar funds
Swiss National Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Swiss National Bank held 2,795 positions worth $139B, down 0.37% from $140B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Swiss National Bank withdrew a net $9.35B in Q4 2022, closing 116 positions and reducing 810 holdings. Its most notable exit was Twitter, Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in U-Haul Holding Co Series N worth $19.6M.
- Swiss National Bank's largest Q4 2022 buy was U-Haul Holding Co Series N: 356,731 shares worth $19.6M.
- Swiss National Bank added most to First Solar in Q4 2022, an estimated $24M increase.
- Swiss National Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $690M.
- Swiss National Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $123M.
- Swiss National Bank's ten largest holdings make up 23% of its $139B portfolio in Q4 2022.
- Swiss National Bank opened 81 new positions and closed 116 in Q4 2022.
- Swiss National Bank's portfolio value fell 0.37% quarter-over-quarter to $139B.
Based on Swiss National Bank's 13F filing for Q4 2022, filed 8 Feb 2023.