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 |
Berkshire Hathaway Class B
BRK.B
|
+$1.53B |
| 2 |
American Express
AXP
|
+$368M |
| 3 |
Capital One
COF
|
+$138M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$98.1M |
| 5 |
Apollo Global Management
APO
|
+$96.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.04B |
| 2 |
Microsoft
MSFT
|
+$804M |
| 3 |
Amazon
AMZN
|
+$353M |
| 4 |
NVIDIA
NVDA
|
+$280M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$271M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.24% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2326
ARKO Corp
ARKO
$505M
| $935K | ﹤0.01% |
117,661
+14,000
| +14% | +$111K |
|
2327
OmniAb
OABI
$499M
| $935K | ﹤0.01% |
185,903
| – | – |
|
|
REVG
2328
DELISTED
REV Group
REVG
| $935K | ﹤0.01% |
70,500
| – | – |
|
2329
MBIA
MBI
$262M
| $931K | ﹤0.01% |
107,700
+7,000
| +7% | +$63K |
|
2330
PLAYSTUDIOS Inc
MYPS
$66.2M
| $929K | ﹤0.01% |
189,200
+5,600
| +3% | +$24.5K |
|
2331
Allogene Therapeutics
ALLO
$683M
| $928K | ﹤0.01% |
186,800
| – | – |
|
|
CATC
2332
DELISTED
CAMBRIDGE BANCORP
CATC
| $927K | ﹤0.01% |
17,062
+300
| +2% | +$16.7K |
|
2333
Clear Channel Outdoor Holdings
CCO
$1.18B
| $926K | ﹤0.01% |
675,600
-43,700
| -6% | -$54.4K |
|
2334
Kearny Financial
KRNY
$604M
| $925K | ﹤0.01% |
131,264
| – | – |
|
2335
Enanta Pharmaceuticals
ENTA
$391M
| $924K | ﹤0.01% |
43,200
+600
| +1% | +$17.7K |
|
2336
Central Pacific Financial
CPF
$1B
| $924K | ﹤0.01% |
58,800
| – | – |
|
2337
Turning Point Brands
TPB
$1.73B
| $920K | ﹤0.01% |
38,300
+6,100
| +19% | +$137K |
|
|
ALX
2338
Alexander's
ALX
$1.4B
| $919K | ﹤0.01% |
5,000
| – | – |
|
2339
Greif Class B
GEF.B
$4.22B
| $919K | ﹤0.01% |
11,900
| – | – |
|
2340
Taboola.com
TBLA
$1.06B
| $916K | ﹤0.01% |
294,600
-8,500
| -3% | -$23.3K |
|
2341
Universal Insurance Holdings
UVE
$1.18B
| $915K | ﹤0.01% |
59,300
| – | – |
|
2342
Mercantile Bank Corp
MBWM
$1.06B
| $914K | ﹤0.01% |
33,100
+600
| +2% | +$16.6K |
|
2343
Movado Group
MOV
$796M
| $910K | ﹤0.01% |
33,900
| – | – |
|
2344
Frontier Group Holdings
ULCC
$1.57B
| $909K | ﹤0.01% |
94,000
| – | – |
|
|
MLNK
2345
DELISTED
MeridianLink
MLNK
| $909K | ﹤0.01% |
43,700
| – | – |
|
2346
Anterix
ATEX
$1.79B
| $908K | ﹤0.01% |
28,650
| – | – |
|
2347
Xponential Fitness
XPOF
$206M
| $907K | ﹤0.01% |
52,600
+4,500
| +9% | +$127K |
|
2348
TETRA Technologies
TTI
$1.25B
| $904K | ﹤0.01% |
267,600
+17,800
| +7% | +$51.5K |
|
2349
Midland States Bancorp
MSBI
$698M
| $904K | ﹤0.01% |
45,400
| – | – |
|
2350
Star Group
SGU
$411M
| $903K | ﹤0.01% |
66,103
-4,500
| -6% | -$61.7K |
|
Similar funds
Swiss National Bank's Q2 2023 Portfolio in Review
As of Q2 2023, Swiss National Bank held 2,706 positions worth $147B, up 0.92% from $146B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $9.97B in Q2 2023, closing 106 positions and reducing 972 holdings. Its most notable exit was Shaw Communications Inc., an estimated $57.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% 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 Berkshire Hathaway Class B worth $1.6B.
- Swiss National Bank's largest Q2 2023 buy was Berkshire Hathaway Class B: 4,684,505 shares worth $1.6B.
- Swiss National Bank added most to Uber in Q2 2023, an estimated $22.7M increase.
- Swiss National Bank's biggest Q2 2023 reduction was Apple, cutting an estimated $1.04B.
- Swiss National Bank fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $57.3M.
- Swiss National Bank's ten largest holdings make up 28% of its $147B portfolio in Q2 2023.
- Swiss National Bank opened 63 new positions and closed 106 in Q2 2023.
- Swiss National Bank's portfolio value rose 0.92% quarter-over-quarter to $147B.
Based on Swiss National Bank's 13F filing for Q2 2023, filed 9 Aug 2023.