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 | |
|---|---|---|---|---|---|---|
|
DOOR
1326
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $6.13M | ﹤0.01% |
53,177
+600
| +1% | +$65.1K |
|
|
BIG
1327
DELISTED
Big Lots, Inc.
BIG
| $6.13M | ﹤0.01% |
89,706
+800
| +0.9% | +$47.8K |
|
|
FLOW
1328
DELISTED
SPX FLOW, Inc.
FLOW
| $6.11M | ﹤0.01% |
96,518
+600
| +0.6% | +$36.3K |
|
1329
ATI
ATI
$30.8B
| $6.1M | ﹤0.01% |
289,800
+2,800
| +1% | +$54.7K |
|
1330
Navient
NAVI
$853M
| $6.09M | ﹤0.01% |
425,600
-13,700
| -3% | -$169K |
|
1331
Rocket Companies
RKT
$42.4B
| $6.09M | ﹤0.01% |
263,600
+2,800
| +1% | +$62.6K |
|
|
CLDR
1332
DELISTED
Cloudera, Inc.
CLDR
| $6.08M | ﹤0.01% |
499,913
+31,300
| +7% | +$468K |
|
|
BAND
1333
Bandwidth Inc
BAND
$1.71B
| $6.07M | ﹤0.01% |
47,900
+3,500
| +8% | +$542K |
|
1334
Plexus
PLXS
$7.17B
| $6.07M | ﹤0.01% |
66,100
| – | – |
|
1335
AeroVironment
AVAV
$9.71B
| $6.07M | ﹤0.01% |
52,300
+600
| +1% | +$70.1K |
|
|
IBTX
1336
DELISTED
Independent Bank Group, Inc.
IBTX
| $6.07M | ﹤0.01% |
84,022
+1,100
| +1% | +$77.1K |
|
1337
Installed Building Products
IBP
$6.5B
| $6.05M | ﹤0.01% |
54,533
+500
| +0.9% | +$56.8K |
|
1338
Papa John's
PZZA
$803M
| $6.01M | ﹤0.01% |
67,800
+1,000
| +1% | +$94.4K |
|
1339
TransAlta
TAC
$4.02B
| $6.01M | ﹤0.01% |
635,000
+6,600
| +1% | +$58.5K |
|
1340
Corcept Therapeutics
CORT
$12.3B
| $6M | ﹤0.01% |
252,200
+4,000
| +2% | +$107K |
|
1341
Simply Good Foods
SMPL
$989M
| $5.98M | ﹤0.01% |
196,700
+2,100
| +1% | +$62.6K |
|
1342
Editas Medicine
EDIT
$425M
| $5.98M | ﹤0.01% |
142,400
+1,600
| +1% | +$91.2K |
|
|
CADE
1343
DELISTED
Cadence Bancorporation
CADE
| $5.97M | ﹤0.01% |
287,805
+3,000
| +1% | +$61.1K |
|
1344
SPX Corp
SPXC
$10.8B
| $5.96M | ﹤0.01% |
102,318
+1,300
| +1% | +$74K |
|
1345
Grocery Outlet
GO
$1.05B
| $5.95M | ﹤0.01% |
161,300
+6,000
| +4% | +$233K |
|
1346
Matador Resources
MTDR
$6.56B
| $5.95M | ﹤0.01% |
253,602
+2,600
| +1% | +$51.9K |
|
1347
Trinity Industries
TRN
$2.36B
| $5.94M | ﹤0.01% |
208,600
-6,000
| -3% | -$176K |
|
|
VNE
1348
DELISTED
Veoneer, Inc.
VNE
| $5.93M | ﹤0.01% |
242,200
+2,000
| +0.8% | +$52.2K |
|
1349
Brady Corp
BRC
$4.39B
| $5.92M | ﹤0.01% |
110,800
+1,100
| +1% | +$57.5K |
|
|
KW
1350
DELISTED
Kennedy-Wilson Holdings
KW
| $5.92M | ﹤0.01% |
292,668
| – | – |
|
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.