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 |
Snowflake
SNOW
|
+$187M |
| 2 |
Amazon
AMZN
|
+$170M |
| 3 |
Analog Devices
ADI
|
+$104M |
| 4 |
Palantir
PLTR
|
+$95.7M |
| 5 |
Tesla
TSLA
|
+$75.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$364M |
| 2 |
Microsoft
MSFT
|
+$269M |
| 3 |
L3Harris
LHX
|
+$185M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$166M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.85% |
| 2 | Healthcare | 14.28% |
| 3 | Consumer Discretionary | 13.58% |
| 4 | Communication Services | 11.61% |
| 5 | Industrials | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
MKS Inc
MKSI
$20.8B
| $18.5M | 0.01% |
122,300
+600
| +0.5% | +$92.1K |
|
|
AZPN
702
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $18.4M | 0.01% |
150,200
+700
| +0.5% | +$86K |
|
703
Boston Beer
SAM
$1.91B
| $18.4M | 0.01% |
36,100
-1,000
| -3% | -$680K |
|
704
Churchill Downs
CHDN
$6.26B
| $18.4M | 0.01% |
153,200
+600
| +0.4% | +$61K |
|
705
Organon & Co
OGN
$3.6B
| $18.3M | 0.01% |
559,175
-2,000
| -0.4% | -$64K |
|
706
Bruker
BRKR
$8.81B
| $18.3M | 0.01% |
234,400
-1,800
| -0.8% | -$150K |
|
707
United Therapeutics
UTHR
$21.4B
| $18.3M | 0.01% |
98,900
+700
| +0.7% | +$138K |
|
708
Federal Realty Investment Trust
FRT
$10.4B
| $18.2M | 0.01% |
154,600
+2,300
| +2% | +$273K |
|
709
Jabil
JBL
$38.4B
| $18.2M | 0.01% |
312,400
-2,700
| -0.9% | -$161K |
|
710
Intellia Therapeutics
NTLA
$1.63B
| $18.2M | 0.01% |
135,600
+1,200
| +0.9% | +$182K |
|
|
BERY
711
DELISTED
Berry Global Group, Inc.
BERY
| $18.1M | 0.01% |
324,651
+3,050
| +0.9% | +$181K |
|
|
SMAR
712
DELISTED
Smartsheet Inc.
SMAR
| $18M | 0.01% |
261,500
+5,500
| +2% | +$404K |
|
713
Erie Indemnity
ERIE
$13.4B
| $18M | 0.01% |
100,746
-3,200
| -3% | -$579K |
|
|
BHVN
714
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $18M | 0.01% |
129,400
+10,500
| +9% | +$1.31M |
|
|
OPTU
715
Optimum Communications Inc
OPTU
$239M
| $18M | 0.01% |
866,480
-82,600
| -9% | -$2.41M |
|
716
APA Corp
APA
$14.2B
| $17.9M | 0.01% |
835,000
+4,000
| +0.5% | +$76.5K |
|
717
Tetra Tech
TTEK
$9.3B
| $17.9M | 0.01% |
598,500
+1,000
| +0.2% | +$27.5K |
|
718
Credicorp
BAP
$30.4B
| $17.6M | 0.01% |
158,752
-74
| -0% | -$8.07K |
|
719
Gentex
GNTX
$5B
| $17.6M | 0.01% |
533,700
-3,400
| -0.6% | -$110K |
|
720
Ciena
CIEN
$61.6B
| $17.6M | 0.01% |
342,500
+500
| +0.1% | +$27.8K |
|
|
PLAN
721
DELISTED
Anaplan, Inc.
PLAN
| $17.5M | 0.01% |
287,500
+6,000
| +2% | +$357K |
|
722
WEX
WEX
$6.66B
| $17.4M | 0.01% |
98,826
+1,600
| +2% | +$292K |
|
723
AGCO
AGCO
$7.05B
| $17.4M | 0.01% |
141,600
+1,300
| +0.9% | +$170K |
|
724
Dick's Sporting Goods
DKS
$18.1B
| $17.3M | 0.01% |
144,800
-100
| -0.1% | -$11.6K |
|
725
AptarGroup
ATR
$8.34B
| $17.3M | 0.01% |
145,200
+1,600
| +1% | +$211K |
|
Similar funds
Swiss National Bank's Q3 2021 Portfolio in Review
As of Q3 2021, Swiss National Bank held 2,649 positions worth $157B, down 3% from $162B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2021: portfolio turnover was 1.3%. Swiss National Bank opened 7 new positions and exited 28, leaving the 2,649-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2021 buy was DoorDash: 291,100 shares worth $60M.
- Swiss National Bank added most to Snowflake in Q3 2021, an estimated $187M increase.
- Swiss National Bank's biggest Q3 2021 reduction was Apple, cutting an estimated $364M.
- Swiss National Bank fully exited L3Harris in Q3 2021, selling an estimated $185M.
- Swiss National Bank's ten largest holdings make up 26% of its $157B portfolio in Q3 2021.
- Swiss National Bank opened 7 new positions and closed 28 in Q3 2021.
- Swiss National Bank's portfolio value fell 3% quarter-over-quarter to $157B.
Based on Swiss National Bank's 13F filing for Q3 2021, filed 8 Nov 2021.