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 | |
|---|---|---|---|---|---|---|
2326
TaskUs
TASK
$634M
| $1.03M | ﹤0.01% |
61,200
+2,000
| +3% | +$37.6K |
|
2327
Inogen
INGN
$154M
| $1.03M | ﹤0.01% |
52,400
+1,000
| +2% | +$21.5K |
|
2328
Haverty Furniture Companies
HVT
$441M
| $1.03M | ﹤0.01% |
34,500
-1,200
| -3% | -$35.1K |
|
2329
Anterix
ATEX
$1.73B
| $1.03M | ﹤0.01% |
32,050
+600
| +2% | +$20.4K |
|
2330
Carvana
CVNA
$79.7B
| $1.03M | ﹤0.01% |
1,086,000
+19,500
| +2% | +$41.2K |
|
2331
Bionano Genomics
BNGO
$13.8M
| $1.02M | ﹤0.01% |
1,168
+28
| +2% | +$35.2K |
|
2332
Nektar Therapeutics
NKTR
$2.57B
| $1.02M | ﹤0.01% |
30,167
+720
| +2% | +$34.8K |
|
|
REVG
2333
DELISTED
REV Group
REVG
| $1.02M | ﹤0.01% |
80,900
-1,300
| -2% | -$17.1K |
|
2334
Invesco Mortgage Capital
IVR
$802M
| $1.01M | ﹤0.01% |
79,701
+2,000
| +3% | +$24.4K |
|
2335
Merchants Bancorp
MBIN
$2.52B
| $1.01M | ﹤0.01% |
41,600
+900
| +2% | +$21.9K |
|
2336
Magnachip Semiconductor
MX
$139M
| $1.01M | ﹤0.01% |
107,600
| – | – |
|
2337
indie Semiconductor
INDI
$847M
| $1.01M | ﹤0.01% |
173,300
+7,500
| +5% | +$55.3K |
|
2338
Vanda Pharmaceuticals
VNDA
$314M
| $1.01M | ﹤0.01% |
136,600
+2,600
| +2% | +$25.3K |
|
|
SGMO
2339
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.01M | ﹤0.01% |
321,260
+28,500
| +10% | +$111K |
|
2340
ARKO Corp
ARKO
$500M
| $1M | ﹤0.01% |
115,961
| – | – |
|
|
NVTA
2341
DELISTED
Invitae Corporation
NVTA
| $1M | ﹤0.01% |
539,600
+23,100
| +4% | +$56.4K |
|
2342
Sportsman's Warehouse
SPWH
$46M
| $1M | ﹤0.01% |
106,500
+2,800
| +3% | +$25.7K |
|
2343
Sweetgreen
SG
$693M
| $1M | ﹤0.01% |
+116,700
| New | +$1.7M |
|
2344
Perella Weinberg Partners
PWP
$1.28B
| $1,000K | ﹤0.01% |
102,000
-7,700
| -7% | -$65.9K |
|
|
RDFN
2345
DELISTED
Redfin
RDFN
| $999K | ﹤0.01% |
235,700
+7,000
| +3% | +$32.9K |
|
2346
MetroCity Bankshares
MCBS
$1.04B
| $996K | ﹤0.01% |
+46,062
| New | +$1M |
|
2347
BioXcel Therapeutics
BTAI
$32.7M
| $995K | ﹤0.01% |
2,894
| – | – |
|
|
ICPT
2348
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $993K | ﹤0.01% |
80,300
+24,700
| +44% | +$350K |
|
|
TGB
2349
Trekor Metals
TGB
$3.2B
| $993K | ﹤0.01% |
679,200
| – | – |
|
2350
Century Aluminum
CENX
$4.77B
| $993K | ﹤0.01% |
121,350
+3,100
| +3% | +$23.4K |
|
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.