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 |
Microsoft
MSFT
|
+$111M |
| 2 |
Ferguson
FERG
|
+$106M |
| 3 |
Apple
AAPL
|
+$103M |
| 4 |
Amazon
AMZN
|
+$103M |
| 5 |
Tesla
TSLA
|
+$75.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$96.7M |
| 2 |
DuPont de Nemours
DD
|
+$51.9M |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$43.4M |
| 4 |
AvalonBay Communities
AVB
|
+$36.1M |
| 5 |
Equity Residential
EQR
|
+$21.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.9% |
| 2 | Healthcare | 14.3% |
| 3 | Consumer Discretionary | 13.72% |
| 4 | Communication Services | 10.98% |
| 5 | Industrials | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Trip.com Group
TCOM
$28.3B
| $48.2M | 0.03% |
1,216,521
+24,727
| +2% | +$916K |
|
502
Universal Health Services
UHS
$10.2B
| $48.1M | 0.03% |
360,834
+5,600
| +2% | +$743K |
|
503
Hasbro
HAS
$13.4B
| $48.1M | 0.03% |
500,441
+8,400
| +2% | +$797K |
|
504
Elanco Animal Health
ELAN
$11.2B
| $48.1M | 0.03% |
1,632,421
+51,500
| +3% | +$1.58M |
|
505
Advance Auto Parts
AAP
$3.23B
| $47.9M | 0.03% |
260,952
-300
| -0.1% | -$50.3K |
|
506
Lumen
LUMN
$6.6B
| $47.9M | 0.03% |
3,585,350
+58,900
| +2% | +$732K |
|
507
W.P. Carey
WPC
$16.1B
| $47.7M | 0.03% |
688,712
+18,990
| +3% | +$1.27M |
|
508
CenterPoint Energy
CNP
$26.7B
| $47.4M | 0.03% |
2,094,157
+36,900
| +2% | +$787K |
|
509
LKQ Corp
LKQ
$6.25B
| $47M | 0.03% |
1,111,145
+18,700
| +2% | +$736K |
|
|
MPT
510
Medical Properties Trust
MPT
$2.51B
| $46.9M | 0.03% |
2,204,000
+205,500
| +10% | +$4.42M |
|
511
Fox Class A
FOXA
$27.5B
| $46.9M | 0.03% |
1,298,025
-100
| -0% | -$3.5K |
|
512
Fidelity National Financial
FNF
$12.8B
| $46.6M | 0.03% |
1,192,324
-209,040
| -15% | -$7.94M |
|
513
Lincoln National
LNC
$8.67B
| $46.2M | 0.03% |
742,705
+11,400
| +2% | +$630K |
|
514
Gen Digital
GEN
$17.7B
| $45.9M | 0.03% |
2,159,064
+38,500
| +2% | +$807K |
|
515
RPM International
RPM
$14.5B
| $45.9M | 0.03% |
499,600
+8,800
| +2% | +$761K |
|
516
Snap-on
SNA
$21.1B
| $45.8M | 0.03% |
198,552
+3,000
| +2% | +$591K |
|
517
Host Hotels & Resorts
HST
$15.6B
| $45.7M | 0.03% |
2,710,994
+48,100
| +2% | +$752K |
|
518
Equity Lifestyle Properties
ELS
$12.4B
| $45.2M | 0.03% |
710,344
+13,800
| +2% | +$858K |
|
519
Vail Resorts
MTN
$5.29B
| $45.1M | 0.03% |
154,767
+3,100
| +2% | +$903K |
|
520
Mohawk Industries
MHK
$9.27B
| $44.7M | 0.03% |
232,620
+3,700
| +2% | +$617K |
|
521
10x Genomics
TXG
$7.52B
| $44.6M | 0.03% |
246,600
+14,700
| +6% | +$2.54M |
|
522
Allegion
ALLE
$14.2B
| $44.5M | 0.03% |
354,319
+5,600
| +2% | +$647K |
|
523
NovoCure
NVCR
$2.02B
| $44M | 0.03% |
332,800
+8,300
| +3% | +$1.31M |
|
|
IPG
524
DELISTED
Interpublic Group of Companies
IPG
| $43.8M | 0.03% |
1,498,818
+25,100
| +2% | +$662K |
|
525
The Mosaic Company
MOS
$6.92B
| $43.8M | 0.03% |
1,384,329
+23,000
| +2% | +$678K |
|
Similar funds
Swiss National Bank's Q1 2021 Portfolio in Review
As of Q1 2021, Swiss National Bank held 2,502 positions worth $150B, up 6.6% from $141B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q1 2021: portfolio turnover was 1.3%. Swiss National Bank opened 12 new positions and exited 20, leaving the 2,502-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q1 2021 buy was Ferguson: 872,392 shares worth $104M.
- Swiss National Bank added most to Microsoft in Q1 2021, an estimated $111M increase.
- Swiss National Bank's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $51.9M.
- Swiss National Bank fully exited Tiffany & Co. in Q1 2021, selling an estimated $96.7M.
- Swiss National Bank's ten largest holdings make up 23% of its $150B portfolio in Q1 2021.
- Swiss National Bank opened 12 new positions and closed 20 in Q1 2021.
- Swiss National Bank's portfolio value rose 6.6% quarter-over-quarter to $150B.
Based on Swiss National Bank's 13F filing for Q1 2021, filed 7 May 2021.