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 |
ExxonMobil
XOM
|
+$153M |
| 2 |
GE Vernova
GEV
|
+$129M |
| 3 |
Ferrovial N.V. Ordinary Shares
FER
|
+$61.6M |
| 4 |
Solventum
SOLV
|
+$26.3M |
| 5 |
Strategy Inc
MSTR
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$184M |
| 2 |
GE Aerospace
GE
|
+$135M |
| 3 |
Apple
AAPL
|
+$104M |
| 4 |
Microsoft
MSFT
|
+$104M |
| 5 |
Meta Platforms (Facebook)
META
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.83% |
| 2 | Healthcare | 12.16% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.35% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
Distribution Solutions Group
DSGR
$1.61B
| $552K | ﹤0.01% |
18,404
-4,700
| -20% | -$156K |
|
|
SPWR
2402
DELISTED
SunPower Corporation Common Stock
SPWR
| $551K | ﹤0.01% |
186,200
+13,600
| +8% | +$37.1K |
|
2403
AMC Global Media
AMCX
$496M
| $551K | ﹤0.01% |
57,000
| – | – |
|
2404
Atlanta Braves Holdings Series A
BATRA
$3.64B
| $546K | ﹤0.01% |
13,222
| – | – |
|
2405
Evolv Technologies
EVLV
$1.04B
| $546K | ﹤0.01% |
214,300
+22,100
| +11% | +$73.2K |
|
2406
Frontier Group Holdings
ULCC
$1.57B
| $543K | ﹤0.01% |
110,100
+23,200
| +27% | +$139K |
|
2407
NextNav
NN
$3.29B
| $539K | ﹤0.01% |
66,500
-8,700
| -12% | -$68.7K |
|
2408
Riley Exploration Permian
REPX
$786M
| $538K | ﹤0.01% |
19,000
+6,900
| +57% | +$190K |
|
|
NYAX
2409
Nayax
NYAX
$2B
| $529K | ﹤0.01% |
24,913
+8,434
| +51% | +$213K |
|
2410
Custom Truck One Source
CTOS
$2.33B
| $528K | ﹤0.01% |
121,300
| – | – |
|
2411
AnaptysBio
ANAB
$1.66B
| $526K | ﹤0.01% |
21,000
| – | – |
|
2412
Greif Class B
GEF.B
$4.22B
| $525K | ﹤0.01% |
8,400
| – | – |
|
2413
Marcus Corp
MCS
$929M
| $524K | ﹤0.01% |
46,100
| – | – |
|
2414
Hagerty
HGTY
$1.32B
| $520K | ﹤0.01% |
50,000
| – | – |
|
2415
Rush Enterprises Class B
RUSHB
$9.37B
| $518K | ﹤0.01% |
13,200
-2,300
| -15% | -$99.4K |
|
2416
Cricut
CRCT
$1.24B
| $513K | ﹤0.01% |
85,700
+13,200
| +18% | +$79.2K |
|
|
NVRO
2417
DELISTED
NEVRO CORP.
NVRO
| $513K | ﹤0.01% |
60,900
-3,500
| -5% | -$37.3K |
|
|
MGIC
2418
DELISTED
Magic Software Enterprises
MGIC
| $510K | ﹤0.01% |
53,447
| – | – |
|
2419
Greene County Bancorp
GCBC
$595M
| $505K | ﹤0.01% |
14,979
| – | – |
|
|
RVNC
2420
DELISTED
Revance Therapeutics, Inc.
RVNC
| $500K | ﹤0.01% |
194,650
| – | – |
|
2421
Cabaletta Bio
CABA
$442M
| $497K | ﹤0.01% |
66,500
+7,300
| +12% | +$89.5K |
|
|
ACCD
2422
DELISTED
Accolade Inc
ACCD
| $492K | ﹤0.01% |
137,500
| – | – |
|
2423
Legacy Housing
LEGH
$692M
| $492K | ﹤0.01% |
21,444
| – | – |
|
2424
ATN International
ATNI
$491M
| $490K | ﹤0.01% |
21,500
| – | – |
|
2425
TaskUs
TASK
$667M
| $482K | ﹤0.01% |
36,200
| – | – |
|
Similar funds
Swiss National Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Swiss National Bank held 2,546 positions worth $146B, up 2% from $143B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Swiss National Bank's Q2 2024 filing shows 41 new, 569 increased, 1,097 reduced and 88 closed positions. Its largest new stake was GE Vernova: 811,465 shares worth $139M. The largest sale was Pioneer Natural Resource Co., an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2024 buy was GE Vernova: 811,465 shares worth $139M.
- Swiss National Bank added most to ExxonMobil in Q2 2024, an estimated $153M increase.
- Swiss National Bank's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $135M.
- Swiss National Bank fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $184M.
- Swiss National Bank's ten largest holdings make up 33% of its $146B portfolio in Q2 2024.
- Swiss National Bank opened 41 new positions and closed 88 in Q2 2024.
- Swiss National Bank's portfolio value rose 2% quarter-over-quarter to $146B.
Based on Swiss National Bank's 13F filing for Q2 2024, filed 8 Aug 2024.