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 | |
|---|---|---|---|---|---|---|
1001
Wintrust Financial
WTFC
$11B
| $9.99M | 0.01% |
131,767
+1,300
| +1% | +$92.9K |
|
1002
Crane NXT
CXT
$2.97B
| $9.98M | 0.01% |
306,038
+3,455
| +1% | +$102K |
|
1003
Kornit Digital
KRNT
$773M
| $9.92M | 0.01% |
100,100
+6,800
| +7% | +$672K |
|
1004
Selective Insurance
SIGI
$5.63B
| $9.92M | 0.01% |
136,700
+1,400
| +1% | +$97.4K |
|
|
WCC
1005
WESCO International
WCC
$17.6B
| $9.9M | 0.01% |
114,375
+1,100
| +1% | +$92.6K |
|
1006
OneMain Financial
OMF
$7.56B
| $9.89M | 0.01% |
184,100
+1,800
| +1% | +$92.9K |
|
1007
Avient
AVNT
$4.24B
| $9.88M | 0.01% |
209,000
+1,900
| +0.9% | +$84.7K |
|
1008
Armstrong World Industries
AWI
$7.68B
| $9.86M | 0.01% |
109,400
+1,200
| +1% | +$102K |
|
1009
Blackstone Mortgage Trust
BXMT
$2.44B
| $9.84M | 0.01% |
317,300
+3,300
| +1% | +$96K |
|
1010
Appian
APPN
$2.55B
| $9.77M | 0.01% |
73,500
+5,400
| +8% | +$955K |
|
1011
Lightspeed Commerce
LSPD
$1.38B
| $9.72M | 0.01% |
154,700
+1,100
| +0.7% | +$75.1K |
|
1012
Portland General Electric
POR
$5.97B
| $9.71M | 0.01% |
204,500
+2,100
| +1% | +$91.7K |
|
1013
FuelCell Energy
FCEL
$1.8B
| $9.7M | 0.01% |
22,447
+237
| +1% | +$127K |
|
1014
Home BancShares
HOMB
$6.3B
| $9.7M | 0.01% |
358,507
+2,900
| +0.8% | +$69.7K |
|
|
EVBG
1015
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $9.68M | 0.01% |
79,900
+1,700
| +2% | +$239K |
|
|
JBTM
1016
JBT Marel
JBTM
$6.24B
| $9.67M | 0.01% |
72,500
+800
| +1% | +$105K |
|
1017
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.42B
| $9.66M | 0.01% |
172,234
+4,700
| +3% | +$283K |
|
1018
UMB Financial
UMBF
$11.6B
| $9.63M | 0.01% |
104,300
+1,200
| +1% | +$99.1K |
|
1019
Teradata
TDC
$2.57B
| $9.63M | 0.01% |
249,759
+3,800
| +2% | +$139K |
|
|
PRSP
1020
DELISTED
Perspecta Inc. Common Stock
PRSP
| $9.62M | 0.01% |
331,000
+3,400
| +1% | +$95.8K |
|
1021
H&R Block
HRB
$6.85B
| $9.61M | 0.01% |
440,700
+4,900
| +1% | +$92.6K |
|
1022
Emergent Biosolutions
EBS
$235M
| $9.57M | 0.01% |
103,000
+1,300
| +1% | +$133K |
|
1023
Black Hills Corp
BKH
$5.69B
| $9.57M | 0.01% |
143,279
+1,400
| +1% | +$87K |
|
1024
WD-40
WDFC
$3.1B
| $9.55M | 0.01% |
31,200
+300
| +1% | +$91K |
|
1025
Advanced Energy
AEIS
$13.2B
| $9.55M | 0.01% |
87,500
+800
| +0.9% | +$86.7K |
|
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.