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 | |
|---|---|---|---|---|---|---|
851
Primerica
PRI
$9.67B
| $13.3M | 0.01% |
89,800
+500
| +0.6% | +$71.7K |
|
852
Regal Rexnord
RRX
$11.7B
| $13.2M | 0.01% |
92,822
+1,000
| +1% | +$137K |
|
853
Fate Therapeutics
FATE
$296M
| $13.1M | 0.01% |
159,400
+2,300
| +1% | +$220K |
|
|
LHCG
854
DELISTED
LHC Group LLC
LHCG
| $13.1M | 0.01% |
68,566
+700
| +1% | +$140K |
|
855
Huntsman Corp
HUN
$1.8B
| $13.1M | 0.01% |
453,974
+5,000
| +1% | +$140K |
|
856
ManpowerGroup
MAN
$2.72B
| $13M | 0.01% |
131,500
+200
| +0.2% | +$19.1K |
|
857
EastGroup Properties
EGP
$10.9B
| $13M | 0.01% |
90,387
+1,500
| +2% | +$210K |
|
858
Unum
UNM
$14.7B
| $12.9M | 0.01% |
465,300
+5,100
| +1% | +$132K |
|
859
Zurn Elkay Water Solutions
ZWS
$8.41B
| $12.9M | 0.01% |
570,485
+4,152
| +0.7% | +$89.2K |
|
|
SKX
860
DELISTED
Skechers
SKX
| $12.9M | 0.01% |
309,800
+1,200
| +0.4% | +$45.3K |
|
861
Haemonetics
HAE
$4.14B
| $12.9M | 0.01% |
116,100
+1,500
| +1% | +$186K |
|
862
Interactive Brokers
IBKR
$41.8B
| $12.9M | 0.01% |
704,800
+34,400
| +5% | +$620K |
|
|
FL
863
DELISTED
Foot Locker
FL
| $12.7M | 0.01% |
226,600
+2,400
| +1% | +$122K |
|
864
SSR Mining
SSRM
$6.58B
| $12.7M | 0.01% |
890,749
+13,400
| +2% | +$219K |
|
865
SouthState Bank Corp
SSB
$10.8B
| $12.7M | 0.01% |
162,037
+1,700
| +1% | +$137K |
|
|
GRUB
866
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $12.7M | 0.01% |
105,950
+1,650
| +2% | +$229K |
|
867
Mine Safety
MSA
$7.3B
| $12.7M | 0.01% |
84,600
+1,000
| +1% | +$161K |
|
868
MasTec
MTZ
$23.8B
| $12.7M | 0.01% |
135,000
+1,300
| +1% | +$111K |
|
869
Perrigo
PRGO
$1.78B
| $12.6M | 0.01% |
312,100
-203,648
| -39% | -$8.74M |
|
870
HF Sinclair
DINO
$16.5B
| $12.6M | 0.01% |
351,700
+3,700
| +1% | +$124K |
|
871
Douglas Emmett
DEI
$1.96B
| $12.6M | 0.01% |
400,700
+4,200
| +1% | +$128K |
|
872
Timken Company
TKR
$9.23B
| $12.6M | 0.01% |
154,900
+2,100
| +1% | +$168K |
|
873
Omnicell
OMCL
$1.7B
| $12.5M | 0.01% |
96,600
| – | – |
|
874
Maximus
MMS
$2.9B
| $12.5M | 0.01% |
140,407
+1,800
| +1% | +$147K |
|
875
KBR
KBR
$4.85B
| $12.5M | 0.01% |
325,641
+3,800
| +1% | +$121K |
|
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.