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 | |
|---|---|---|---|---|---|---|
1251
Signet Jewelers
SIG
$3.51B
| $6.93M | ﹤0.01% |
119,600
+1,000
| +0.8% | +$47K |
|
1252
Hilton Grand Vacations
HGV
$3.55B
| $6.92M | ﹤0.01% |
184,660
+1,700
| +0.9% | +$61.2K |
|
1253
Integer Holdings
ITGR
$4.26B
| $6.92M | ﹤0.01% |
75,100
+700
| +0.9% | +$59.2K |
|
1254
Hecla Mining
HL
$12.4B
| $6.9M | ﹤0.01% |
1,213,262
+20,800
| +2% | +$127K |
|
1255
Atlantic Union Bankshares
AUB
$6.12B
| $6.9M | ﹤0.01% |
179,847
+1,500
| +0.8% | +$55.3K |
|
|
ALLK
1256
DELISTED
Allakos
ALLK
| $6.89M | ﹤0.01% |
60,000
+4,700
| +8% | +$594K |
|
1257
Schrodinger
SDGR
$1.35B
| $6.87M | ﹤0.01% |
90,100
+2,400
| +3% | +$216K |
|
1258
Merit Medical Systems
MMSI
$5.42B
| $6.84M | ﹤0.01% |
114,300
+1,300
| +1% | +$74.5K |
|
|
ESGR
1259
DELISTED
Enstar Group
ESGR
| $6.81M | ﹤0.01% |
27,600
+200
| +0.7% | +$45.4K |
|
1260
Gibraltar Industries
ROCK
$1.43B
| $6.8M | ﹤0.01% |
74,300
+800
| +1% | +$73.4K |
|
|
VRNT
1261
DELISTED
Verint Systems
VRNT
| $6.8M | ﹤0.01% |
149,400
-137,002
| -48% | -$6.13M |
|
1262
Alkermes
ALKS
$8.27B
| $6.79M | ﹤0.01% |
363,700
+3,900
| +1% | +$79.8K |
|
1263
Cabot Corp
CBT
$4.5B
| $6.79M | ﹤0.01% |
129,400
+1,500
| +1% | +$74K |
|
|
AMRS
1264
DELISTED
Amyris Inc.
AMRS
| $6.79M | ﹤0.01% |
355,300
+100,200
| +39% | +$1.45M |
|
|
CIM
1265
Chimera Investment
CIM
$994M
| $6.78M | ﹤0.01% |
177,993
+3,133
| +2% | +$107K |
|
1266
Dycom Industries
DY
$12.5B
| $6.77M | ﹤0.01% |
72,900
+900
| +1% | +$78K |
|
1267
COPT Defense Properties
CDP
$4.23B
| $6.75M | ﹤0.01% |
256,300
+2,700
| +1% | +$71.5K |
|
|
THS
1268
DELISTED
Treehouse Foods
THS
| $6.75M | ﹤0.01% |
129,151
+1,200
| +0.9% | +$56.8K |
|
1269
AtriCure
ATRC
$2.23B
| $6.74M | ﹤0.01% |
102,900
+1,300
| +1% | +$80.1K |
|
1270
Federated Hermes
FHI
$4.74B
| $6.74M | ﹤0.01% |
215,217
| – | – |
|
1271
Steven Madden
SHOO
$3.45B
| $6.73M | ﹤0.01% |
180,525
+2,200
| +1% | +$80.1K |
|
1272
Brookfield Infrastructure
BIPC
$4.97B
| $6.71M | ﹤0.01% |
131,528
+1,050
| +0.8% | +$47.4K |
|
1273
Werner Enterprises
WERN
$2.33B
| $6.7M | ﹤0.01% |
142,000
+1,100
| +0.8% | +$47.8K |
|
|
REGI
1274
DELISTED
Renewable Energy Group, Inc.
REGI
| $6.69M | ﹤0.01% |
101,300
+12,500
| +14% | +$1.07M |
|
1275
Aaon
AAON
$7.19B
| $6.69M | ﹤0.01% |
143,325
+1,800
| +1% | +$88.3K |
|
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.