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 |
Apple
AAPL
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$1.13B |
| 3 |
Amazon
AMZN
|
+$756M |
| 4 |
Tesla
TSLA
|
+$466M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$431M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$42.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.22% |
| 2 | Healthcare | 14.23% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.53% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2426
National Presto Industries
NPK
$998M
| $962K | ﹤0.01% |
12,500
+900
| +8% | +$73.1K |
|
2427
Advantage Solutions
ADV
$399M
| $961K | ﹤0.01% |
6,024
+408
| +7% | +$70.6K |
|
2428
Phibro Animal Health
PAHC
$1.37B
| $960K | ﹤0.01% |
48,100
+3,400
| +8% | +$68.7K |
|
2429
Rhythm Pharmaceuticals
RYTM
$8.1B
| $960K | ﹤0.01% |
83,300
+5,600
| +7% | +$49.1K |
|
2430
Vishay Precision Group
VPG
$934M
| $958K | ﹤0.01% |
29,800
+2,100
| +8% | +$68.1K |
|
2431
Amneal Pharmaceuticals
AMRX
$6.15B
| $957K | ﹤0.01% |
229,600
+18,100
| +9% | +$80.2K |
|
2432
Hydrofarm Holdings
HYFM
$8M
| $957K | ﹤0.01% |
6,320
+520
| +9% | +$97K |
|
|
AD
2433
Array Digital Infrastructure
AD
$3.04B
| $952K | ﹤0.01% |
31,500
+2,200
| +8% | +$66.4K |
|
2434
ThredUp
TDUP
$405M
| $951K | ﹤0.01% |
123,500
+76,100
| +161% | +$663K |
|
2435
Skillsoft
SKIL
$78.7M
| $950K | ﹤0.01% |
7,865
+545
| +7% | +$75K |
|
|
ABST
2436
DELISTED
Absolute Software Corp
ABST
| $949K | ﹤0.01% |
112,600
+9,200
| +9% | +$78K |
|
|
CTT
2437
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $948K | ﹤0.01% |
115,618
+8,100
| +8% | +$66.4K |
|
2438
Tactile Systems Technology
TCMD
$555M
| $946K | ﹤0.01% |
46,900
+3,900
| +9% | +$68.2K |
|
|
LEV
2439
DELISTED
The Lion Electric Company
LEV
| $946K | ﹤0.01% |
112,700
+8,500
| +8% | +$72.2K |
|
|
EWCZ
2440
DELISTED
European Wax Center
EWCZ
| $943K | ﹤0.01% |
31,900
+4,200
| +15% | +$109K |
|
2441
Vuzix
VUZI
$218M
| $943K | ﹤0.01% |
142,900
+10,500
| +8% | +$69.1K |
|
2442
American Public Education
APEI
$826M
| $941K | ﹤0.01% |
44,300
+3,100
| +8% | +$65.3K |
|
2443
Star Group
SGU
$417M
| $936K | ﹤0.01% |
84,303
+4,300
| +5% | +$45K |
|
2444
Omega Flex
OFLX
$304M
| $935K | ﹤0.01% |
7,200
+500
| +7% | +$69.7K |
|
|
BBIG
2445
DELISTED
Vinco Ventures, Inc. Common Stock
BBIG
| $933K | ﹤0.01% |
21,440
+5,865
| +38% | +$234K |
|
2446
Willdan Group
WLDN
$1.29B
| $930K | ﹤0.01% |
30,300
+2,600
| +9% | +$80.9K |
|
|
REVG
2447
DELISTED
REV Group
REVG
| $923K | ﹤0.01% |
68,900
+4,500
| +7% | +$61.4K |
|
2448
Rush Street Interactive
RSI
$2.81B
| $917K | ﹤0.01% |
126,100
+8,500
| +7% | +$85.7K |
|
2449
Angi Inc
ANGI
$176M
| $916K | ﹤0.01% |
16,150
+670
| +4% | +$48.8K |
|
2450
Marcus Corp
MCS
$914M
| $915K | ﹤0.01% |
51,700
+3,800
| +8% | +$66.6K |
|
Similar funds
Swiss National Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Swiss National Bank held 2,722 positions worth $177B, up 6.8% from $166B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank deployed $20.2B of net new capital in Q1 2022, opening 3 new positions and adding to 2,642 existing holdings. Its largest new stake was Constellation Energy: 1,411,783 shares worth $79.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Exelon, an estimated $41.2M trimmed.
- Swiss National Bank's largest Q1 2022 buy was Constellation Energy: 1,411,783 shares worth $79.4M.
- Swiss National Bank added most to Apple in Q1 2022, an estimated $1.38B increase.
- Swiss National Bank's biggest Q1 2022 reduction was Exelon, cutting an estimated $41.2M.
- Swiss National Bank fully exited Xilinx Inc in Q1 2022, selling an estimated $199M.
- Swiss National Bank's ten largest holdings make up 28% of its $177B portfolio in Q1 2022.
- Swiss National Bank opened 3 new positions and closed 31 in Q1 2022.
- Swiss National Bank's portfolio value rose 6.8% quarter-over-quarter to $177B.
Based on Swiss National Bank's 13F filing for Q1 2022, filed 9 May 2022.