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 |
Broadcom
AVGO
|
+$57.1M |
| 2 |
Veralto
VLTO
|
+$54.6M |
| 3 |
Newmont
NEM
|
+$40.4M |
| 4 |
Vertiv
VRT
|
+$17.2M |
| 5 |
Webster Financial
WBS
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$314M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$237M |
| 3 |
Microsoft
MSFT
|
+$231M |
| 4 |
VMW
VMware, Inc
VMW
|
+$130M |
| 5 |
NVIDIA
NVDA
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.88% |
| 2 | Healthcare | 12.91% |
| 3 | Consumer Discretionary | 12.16% |
| 4 | Industrials | 9.38% |
| 5 | Communication Services | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2426
Coherus Oncology
CHRS
$181M
| $653K | ﹤0.01% |
196,000
-13,100
| -6% | -$35.1K |
|
|
SHCR
2427
DELISTED
Sharecare, Inc. Class A Common Stock
SHCR
| $646K | ﹤0.01% |
598,233
-69,500
| -10% | -$71.2K |
|
2428
AerSale
ASLE
$269M
| $642K | ﹤0.01% |
50,600
-5,700
| -10% | -$82.7K |
|
2429
1-800-Flowers.com
FLWS
$262M
| $641K | ﹤0.01% |
59,500
-6,200
| -9% | -$53K |
|
2430
Xponential Fitness
XPOF
$206M
| $638K | ﹤0.01% |
49,500
-4,800
| -9% | -$65K |
|
2431
Domo
DOMO
$184M
| $633K | ﹤0.01% |
61,500
-6,300
| -9% | -$58.2K |
|
|
AGTI
2432
DELISTED
Agiliti Inc
AGTI
| $633K | ﹤0.01% |
79,900
-7,500
| -9% | -$50.9K |
|
2433
Westrock Coffee
WEST
$807M
| $621K | ﹤0.01% |
60,800
+19,200
| +46% | +$172K |
|
2434
Johnson Outdoors
JOUT
$499M
| $620K | ﹤0.01% |
11,600
-1,300
| -10% | -$66.6K |
|
|
ATSG
2435
DELISTED
Air Transport Services Group
ATSG
| $614K | ﹤0.01% |
34,850
-4,400
| -11% | -$78.2K |
|
|
HLVX
2436
DELISTED
HilleVax
HLVX
| $613K | ﹤0.01% |
38,200
+7,000
| +22% | +$93K |
|
2437
Forrester Research
FORR
$220M
| $610K | ﹤0.01% |
22,750
-2,600
| -10% | -$67.7K |
|
2438
Paymentus
PAY
$5.08B
| $606K | ﹤0.01% |
33,900
-3,600
| -10% | -$58.8K |
|
|
CLCO
2439
DELISTED
Cool Company
CLCO
| $605K | ﹤0.01% |
47,888
-5,669
| -11% | -$73.2K |
|
2440
HBT Financial
HBT
$1.33B
| $597K | ﹤0.01% |
28,300
-3,200
| -10% | -$61.5K |
|
2441
Magnachip Semiconductor
MX
$139M
| $596K | ﹤0.01% |
79,400
-13,100
| -14% | -$95.7K |
|
|
VTNR
2442
DELISTED
Vertex Energy, Inc
VTNR
| $592K | ﹤0.01% |
174,700
-9,800
| -5% | -$38.5K |
|
2443
Replimune Group
REPL
$1.28B
| $588K | ﹤0.01% |
69,800
-6,500
| -9% | -$75.4K |
|
|
SNBR
2444
DELISTED
Sleep Number
SNBR
| $584K | ﹤0.01% |
39,400
-9,400
| -19% | -$146K |
|
2445
Hingham Institution for Saving
HIFS
$689M
| $583K | ﹤0.01% |
3,000
-500
| -14% | -$85.7K |
|
|
BNT
2446
Brookfield Wealth Solutions
BNT
$12.2B
| $581K | ﹤0.01% |
21,750
-2,550
| -10% | -$57.9K |
|
2447
Distribution Solutions Group
DSGR
$1.61B
| $581K | ﹤0.01% |
18,404
-2,000
| -10% | -$56.4K |
|
2448
Petco
WOOF
$780M
| $573K | ﹤0.01% |
181,300
-18,100
| -9% | -$62.5K |
|
2449
Atlanta Braves Holdings Series A
BATRA
$3.63B
| $566K | ﹤0.01% |
13,222
-1,400
| -10% | -$56.1K |
|
2450
TaskUs
TASK
$634M
| $565K | ﹤0.01% |
43,200
-16,800
| -28% | -$186K |
|
Similar funds
Swiss National Bank's Q4 2023 Portfolio in Review
As of Q4 2023, Swiss National Bank held 2,646 positions worth $136B, up 6.9% from $127B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Swiss National Bank withdrew a net $4.96B in Q4 2023, closing 112 positions and reducing 2,341 holdings. Its most notable exit was Activision Blizzard, an estimated $237M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% 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 Veralto worth $60.2M.
- Swiss National Bank's largest Q4 2023 buy was Veralto: 731,669 shares worth $60.2M.
- Swiss National Bank added most to Broadcom in Q4 2023, an estimated $57.1M increase.
- Swiss National Bank's biggest Q4 2023 reduction was Apple, cutting an estimated $314M.
- Swiss National Bank fully exited Activision Blizzard in Q4 2023, selling an estimated $237M.
- Swiss National Bank's ten largest holdings make up 28% of its $136B portfolio in Q4 2023.
- Swiss National Bank opened 38 new positions and closed 112 in Q4 2023.
- Swiss National Bank's portfolio value rose 6.9% quarter-over-quarter to $136B.
Based on Swiss National Bank's 13F filing for Q4 2023, filed 6 Feb 2024.