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 |
Broadcom
AVGO
|
+$57.1M |
| 2 |
Veralto
VLTO
|
+$54.6M |
| 3 |
Newmont
NEM
|
+$40.4M |
| 4 |
Vertiv
VRT
|
+$17.2M |
| 5 |
Webster Financial
WBS
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$314M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$237M |
| 3 |
Microsoft
MSFT
|
+$231M |
| 4 |
VMW
VMware, Inc
VMW
|
+$130M |
| 5 |
NVIDIA
NVDA
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.88% |
| 2 | Healthcare | 12.91% |
| 3 | Consumer Discretionary | 12.16% |
| 4 | Industrials | 9.38% |
| 5 | Communication Services | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Adaptive Biotechnologies
ADPT
$4.02B
| $978K | ﹤0.01% |
199,600
-22,500
| -10% | -$103K |
|
2252
Orthofix Medical
OFIX
$424M
| $976K | ﹤0.01% |
72,400
-4,000
| -5% | -$47K |
|
2253
Kiniksa Pharmaceuticals
KNSA
$6.1B
| $975K | ﹤0.01% |
55,600
-5,100
| -8% | -$83.8K |
|
2254
Perella Weinberg Partners
PWP
$1.28B
| $975K | ﹤0.01% |
79,700
-8,100
| -9% | -$88.2K |
|
2255
DocGo
DCGO
$66.2M
| $972K | ﹤0.01% |
173,900
-30,800
| -15% | -$177K |
|
|
LAND
2256
Gladstone Land Corp
LAND
$353M
| $970K | ﹤0.01% |
67,100
-6,800
| -9% | -$96.8K |
|
2257
i3 Verticals
IIIV
$323M
| $970K | ﹤0.01% |
45,800
-4,600
| -9% | -$92.3K |
|
|
DHIL
2258
DELISTED
Diamond Hill
DHIL
| $969K | ﹤0.01% |
5,854
-700
| -11% | -$113K |
|
2259
Ramaco Resources Class A
METC
$692M
| $967K | ﹤0.01% |
58,191
-7,442
| -11% | -$103K |
|
2260
Planet Labs
PL
$8.73B
| $966K | ﹤0.01% |
391,000
-29,300
| -7% | -$69.3K |
|
2261
ARKO Corp
ARKO
$500M
| $964K | ﹤0.01% |
116,861
-28,600
| -20% | -$219K |
|
2262
Consensus Cloud Solutions
CCSI
$695M
| $964K | ﹤0.01% |
36,777
-4,400
| -11% | -$103K |
|
2263
Franklin Covey
FC
$234M
| $962K | ﹤0.01% |
22,100
-4,000
| -15% | -$158K |
|
|
SEMR
2264
DELISTED
Semrush
SEMR
| $962K | ﹤0.01% |
70,400
+5,300
| +8% | +$52.4K |
|
|
ALX
2265
Alexander's
ALX
$1.39B
| $961K | ﹤0.01% |
4,500
-500
| -10% | -$94.6K |
|
|
STKL
2266
DELISTED
SunOpta
STKL
| $960K | ﹤0.01% |
175,625
-13,800
| -7% | -$60.4K |
|
2267
Clear Channel Outdoor Holdings
CCO
$1.23B
| $953K | ﹤0.01% |
523,400
-113,400
| -18% | -$157K |
|
2268
Haverty Furniture Companies
HVT
$441M
| $951K | ﹤0.01% |
26,800
-2,900
| -10% | -$88.6K |
|
2269
Evolus
EOLS
$536M
| $946K | ﹤0.01% |
89,800
-4,000
| -4% | -$35.8K |
|
2270
Peapack-Gladstone Financial
PGC
$820M
| $945K | ﹤0.01% |
31,700
-4,000
| -11% | -$104K |
|
|
EWCZ
2271
DELISTED
European Wax Center
EWCZ
| $945K | ﹤0.01% |
69,500
-8,100
| -10% | -$117K |
|
2272
DXP Enterprises
DXPE
$3.04B
| $944K | ﹤0.01% |
28,000
-4,500
| -14% | -$147K |
|
|
BRY
2273
DELISTED
Berry Corp
BRY
| $943K | ﹤0.01% |
134,200
-18,300
| -12% | -$137K |
|
2274
Republic Bancorp
RBCAA
$1.91B
| $943K | ﹤0.01% |
17,100
-2,100
| -11% | -$100K |
|
2275
FRP Holdings
FRPH
$425M
| $943K | ﹤0.01% |
30,000
-3,000
| -9% | -$86.2K |
|
Similar funds
Swiss National Bank's Q4 2023 Portfolio in Review
As of Q4 2023, Swiss National Bank held 2,646 positions worth $136B, up 6.9% from $127B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $4.96B in Q4 2023, closing 112 positions and reducing 2,341 holdings. Its most notable exit was Activision Blizzard, an estimated $237M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Veralto worth $60.2M.
- Swiss National Bank's largest Q4 2023 buy was Veralto: 731,669 shares worth $60.2M.
- Swiss National Bank added most to Broadcom in Q4 2023, an estimated $57.1M increase.
- Swiss National Bank's biggest Q4 2023 reduction was Apple, cutting an estimated $314M.
- Swiss National Bank fully exited Activision Blizzard in Q4 2023, selling an estimated $237M.
- Swiss National Bank's ten largest holdings make up 28% of its $136B portfolio in Q4 2023.
- Swiss National Bank opened 38 new positions and closed 112 in Q4 2023.
- Swiss National Bank's portfolio value rose 6.9% quarter-over-quarter to $136B.
Based on Swiss National Bank's 13F filing for Q4 2023, filed 6 Feb 2024.