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 | |
|---|---|---|---|---|---|---|
2376
Microvision
MVIS
$111M
| $939K | ﹤0.01% |
26,647
+527
| +2% | +$24.5K |
|
2377
MaxCyte
MXCT
$136M
| $939K | ﹤0.01% |
172,000
+4,600
| +3% | +$28.2K |
|
2378
Hingham Institution for Saving
HIFS
$689M
| $938K | ﹤0.01% |
3,400
+100
| +3% | +$26.4K |
|
2379
Mirum Pharmaceuticals
MIRM
$6.04B
| $938K | ﹤0.01% |
48,100
+1,100
| +2% | +$21.7K |
|
2380
Nurix Therapeutics
NRIX
$2.76B
| $935K | ﹤0.01% |
85,200
+6,200
| +8% | +$74.8K |
|
|
MMAT
2381
DELISTED
Meta Materials Inc. Common Stock
MMAT
| $933K | ﹤0.01% |
7,841
+757
| +11% | +$100K |
|
2382
Definitive Healthcare
DH
$69.4M
| $933K | ﹤0.01% |
84,900
+4,500
| +6% | +$57.8K |
|
2383
Johnson Outdoors
JOUT
$499M
| $932K | ﹤0.01% |
14,100
+400
| +3% | +$22.5K |
|
2384
Funko
FNKO
$331M
| $925K | ﹤0.01% |
84,800
+11,500
| +16% | +$161K |
|
2385
Recursion Pharmaceuticals
RXRX
$1.76B
| $922K | ﹤0.01% |
119,600
+3,100
| +3% | +$30.4K |
|
2386
Treace Medical Concepts
TMCI
$309M
| $922K | ﹤0.01% |
40,100
+800
| +2% | +$18.4K |
|
|
ITOS
2387
DELISTED
iTeos Therapeutics
ITOS
| $922K | ﹤0.01% |
47,200
+1,400
| +3% | +$27.4K |
|
|
ALBO
2388
DELISTED
Albireo Pharma Inc
ALBO
| $921K | ﹤0.01% |
42,600
+1,700
| +4% | +$35.9K |
|
2389
Central Garden & Pet Co
CENT
$2.79B
| $919K | ﹤0.01% |
30,688
+625
| +2% | +$19.8K |
|
2390
Cogent Biosciences
COGT
$6.76B
| $918K | ﹤0.01% |
+79,400
| New | +$984K |
|
|
TBRG
2391
DELISTED
TruBridge
TBRG
| $917K | ﹤0.01% |
33,700
+800
| +2% | +$22.8K |
|
2392
Marathon Digital Holdings
MARA
$3.72B
| $916K | ﹤0.01% |
267,900
+28,400
| +12% | +$239K |
|
2393
DMC Global
BOOM
$155M
| $916K | ﹤0.01% |
47,100
+900
| +2% | +$16.6K |
|
|
SBOW
2394
DELISTED
SilverBow Resources, Inc.
SBOW
| $913K | ﹤0.01% |
32,300
+8,600
| +36% | +$272K |
|
|
TPIC
2395
DELISTED
TPI Composites
TPIC
| $913K | ﹤0.01% |
90,000
+1,900
| +2% | +$19.8K |
|
|
SWI
2396
DELISTED
SolarWinds Corporation Common Stock
SWI
| $908K | ﹤0.01% |
97,050
+3,000
| +3% | +$26.2K |
|
2397
Luxfer Holdings
LXFR
$457M
| $908K | ﹤0.01% |
66,200
-2,000
| -3% | -$29.2K |
|
|
VTNR
2398
DELISTED
Vertex Energy, Inc
VTNR
| $906K | ﹤0.01% |
+146,100
| New | +$1.09M |
|
|
OLP
2399
One Liberty Properties
OLP
$523M
| $906K | ﹤0.01% |
40,752
+1,200
| +3% | +$27.5K |
|
2400
Xponential Fitness
XPOF
$206M
| $903K | ﹤0.01% |
+39,400
| New | +$812K |
|
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.