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 | |
|---|---|---|---|---|---|---|
1351
Amkor Technology
AMKR
$14.7B
| $5.91M | ﹤0.01% |
249,300
+3,400
| +1% | +$69.6K |
|
1352
Antero Midstream
AM
$10.7B
| $5.9M | ﹤0.01% |
653,500
+5,100
| +0.8% | +$43.9K |
|
1353
MGE Energy Inc
MGEE
$3.08B
| $5.9M | ﹤0.01% |
82,650
+700
| +0.9% | +$47.1K |
|
|
TPH
1354
DELISTED
Tri Pointe Homes
TPH
| $5.9M | ﹤0.01% |
289,747
-5,400
| -2% | -$106K |
|
1355
Penske Automotive Group
PAG
$14.4B
| $5.89M | ﹤0.01% |
73,400
+700
| +1% | +$49K |
|
|
ALTR
1356
DELISTED
Altair Engineering Inc
ALTR
| $5.88M | ﹤0.01% |
93,900
+3,200
| +4% | +$196K |
|
1357
Stepan Co
SCL
$1.47B
| $5.87M | ﹤0.01% |
46,200
+600
| +1% | +$74.3K |
|
|
UNIT
1358
Uniti Group
UNIT
$2.41B
| $5.87M | ﹤0.01% |
531,774
+113,800
| +27% | +$1.37M |
|
1359
Albany International
AIN
$1.83B
| $5.86M | ﹤0.01% |
70,200
+600
| +0.9% | +$47.6K |
|
1360
Minerals Technologies
MTX
$2.25B
| $5.85M | ﹤0.01% |
77,700
+400
| +0.5% | +$28.3K |
|
|
MOMO
1361
Hello Group
MOMO
$855M
| $5.85M | ﹤0.01% |
396,919
-10,100
| -2% | -$163K |
|
1362
RLJ Lodging Trust
RLJ
$1.7B
| $5.84M | ﹤0.01% |
377,058
+3,800
| +1% | +$56.8K |
|
1363
Worthington Enterprises
WOR
$2.86B
| $5.84M | ﹤0.01% |
141,114
+811
| +0.6% | +$31K |
|
|
AGNT
1364
AGNT Inc
AGNT
$740M
| $5.83M | ﹤0.01% |
127,900
+3,900
| +3% | +$208K |
|
|
PS
1365
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $5.8M | ﹤0.01% |
259,700
+19,300
| +8% | +$414K |
|
|
COOP
1366
DELISTED
Mr. Cooper
COOP
| $5.8M | ﹤0.01% |
166,800
| – | – |
|
1367
Cheesecake Factory
CAKE
$5.59B
| $5.79M | ﹤0.01% |
99,000
+1,100
| +1% | +$55.6K |
|
|
LTHM
1368
DELISTED
Livent Corporation
LTHM
| $5.79M | ﹤0.01% |
334,335
+3,000
| +0.9% | +$58.9K |
|
|
WWE
1369
DELISTED
World Wrestling Entertainment
WWE
| $5.79M | ﹤0.01% |
106,700
+1,100
| +1% | +$57.9K |
|
1370
United Parks & Resorts
PRKS
$2.04B
| $5.78M | ﹤0.01% |
116,400
+1,200
| +1% | +$47.5K |
|
1371
Innospec
IOSP
$2.31B
| $5.77M | ﹤0.01% |
56,203
+500
| +0.9% | +$49.5K |
|
1372
First Merchants
FRME
$2.74B
| $5.77M | ﹤0.01% |
124,062
+1,700
| +1% | +$73.3K |
|
1373
LendingTree
TREE
$458M
| $5.74M | ﹤0.01% |
26,950
+300
| +1% | +$85.4K |
|
1374
WSFS Financial
WSFS
$4.19B
| $5.74M | ﹤0.01% |
115,240
+700
| +0.6% | +$33.7K |
|
|
FMBI
1375
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $5.72M | ﹤0.01% |
261,200
+2,200
| +0.8% | +$43K |
|
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.