Swiss National Bank
NOA

Swiss National Bank’s North American Construction NOA Stock Holding History

Swiss National Bank’s Portfolio NOA Stock Details NOA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-51,300
Closed -$729K – 2351
2025
Q3 		$729K Hold
51,300
– – ﹤0.01% 2250
2025
Q2 		$818K Buy
51,300
+4,200
+9% +$68.3K ﹤0.01% 2211
2025
Q1 		$743K Sell
47,100
-2,400
-5% -$44.4K ﹤0.01% 2257
2024
Q4 		$1.07M Buy
49,500
+2,200
+5% +$43.1K ﹤0.01% 2177
2024
Q3 		$886K Sell
47,300
-1,400
-3% -$26.5K ﹤0.01% 2269
2024
Q2 		$938K Sell
48,700
-1,200
-2% -$25K ﹤0.01% 2199
2024
Q1 		$1.11M Buy
49,900
+2,100
+4% +$48.9K ﹤0.01% 2166
2023
Q4 		$999K Sell
47,800
-8,000
-14% -$165K ﹤0.01% 2240
2023
Q3 		$1.22M Buy
55,800
+500
+0.9% +$11.3K ﹤0.01% 2128
2023
Q2 		$1.06M Buy
+55,300
New +$1.04M ﹤0.01% 2260

Other funds holding NOA

Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
CAM
Claret Asset Management Montreal, Quebec, Canada $928M AUM 25.4% 1-Year Est. Return
CIBC Asset Management
CIBC Asset Management Toronto, Ontario, Canada $45.6B AUM 44.74% 1-Year Est. Return
National Bank of Canada
National Bank of Canada Montreal, Quebec, Canada $140B AUM 46.34% 1-Year Est. Return
CC
Cannell Capital Alta, Wyoming $163M AUM 40.62% 1-Year Est. Return
AF
Aegis Financial Mc Lean, Virginia $580M AUM 105.74% 1-Year Est. Return
BAM
Bastion Asset Management Montreal, Canada $295M AUM 19.08% 1-Year Est. Return
American Century Companies
American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return
PAMP
Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.02% 1-Year Est. Return
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return

Swiss National Bank's NOA Position: Q4 2025 in Review

Swiss National Bank sold out of North American Construction (NOA) in Q4 2025, closing a stake of 51,300 shares — an estimated $729K sold.

Swiss National Bank first reported a position in NOA in Q2 2023 and held it in 10 quarters. The position peaked at $1.22M in Q3 2023. 79 funds tracked by Wall St. Rank hold NOA as of Q4 2025.

  • Swiss National Bank reported no remaining North American Construction position as of Q4 2025 after selling out during the quarter.
  • Swiss National Bank sold 51,300 North American Construction shares in Q4 2025, an estimated $729K.
  • Swiss National Bank first reported a position in North American Construction in Q2 2023 and held it in 10 quarters.
  • Swiss National Bank's North American Construction position peaked at $1.22M in Q3 2023.
  • 79 funds tracked by Wall St. Rank held North American Construction as of Q4 2025.

Based on Swiss National Bank's 13F filing for Q4 2025, filed 12 Feb 2026.