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 |
Rivian
RIVN
|
+$75.6M |
| 2 |
Sea Limited
SE
|
+$74.9M |
| 3 |
Airbnb
ABNB
|
+$70.2M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$64.7M |
| 5 |
VMW
VMware, Inc
VMW
|
+$61.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$498M |
| 2 |
Microsoft
MSFT
|
+$375M |
| 3 |
Amazon
AMZN
|
+$213M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$162M |
| 5 |
JD.com
JD
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.32% |
| 2 | Healthcare | 14.08% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.43% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Kontoor Brands
KTB
$4.69B
| $5.54M | ﹤0.01% |
108,014
-200
| -0.2% | -$10.7K |
|
|
OCDX
1402
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $5.53M | ﹤0.01% |
258,700
+41,700
| +19% | +$822K |
|
1403
National Health Investors
NHI
$3.6B
| $5.53M | ﹤0.01% |
96,220
| – | – |
|
1404
Axcelis
ACLS
$4.28B
| $5.53M | ﹤0.01% |
74,100
| – | – |
|
1405
Chord Energy
CHRD
$7.52B
| $5.52M | ﹤0.01% |
43,800
-500
| -1% | -$59.4K |
|
1406
iHeartMedia
IHRT
$455M
| $5.51M | ﹤0.01% |
262,100
+15,000
| +6% | +$318K |
|
1407
Celsius Holdings
CELH
$7.31B
| $5.5M | ﹤0.01% |
221,400
+5,700
| +3% | +$158K |
|
1408
Aurinia Pharmaceuticals
AUPH
$2.04B
| $5.49M | ﹤0.01% |
240,200
+13,700
| +6% | +$325K |
|
1409
Century Communities
CCS
$2.02B
| $5.49M | ﹤0.01% |
67,066
| – | – |
|
|
DQ
1410
Daqo New Energy
DQ
$1.02B
| $5.48M | ﹤0.01% |
136,012
-200
| -0.1% | -$11.6K |
|
|
CIVI
1411
DELISTED
Civitas Resources
CIVI
| $5.47M | ﹤0.01% |
111,630
+62,930
| +129% | +$3.35M |
|
1412
Nektar Therapeutics
NKTR
$2.53B
| $5.46M | ﹤0.01% |
26,960
+107
| +0.4% | +$23.2K |
|
1413
Arbor Realty Trust
ABR
$965M
| $5.45M | ﹤0.01% |
297,251
+18,000
| +6% | +$338K |
|
1414
Energizer
ENR
$1.57B
| $5.44M | ﹤0.01% |
135,625
| – | – |
|
1415
BioCryst Pharmaceuticals
BCRX
$2.44B
| $5.44M | ﹤0.01% |
392,568
| – | – |
|
|
FOLD
1416
DELISTED
Amicus Therapeutics
FOLD
| $5.43M | ﹤0.01% |
470,300
| – | – |
|
1417
Shift4
FOUR
$3.62B
| $5.42M | ﹤0.01% |
93,500
+7,600
| +9% | +$483K |
|
1418
Certara
CERT
$1.23B
| $5.41M | ﹤0.01% |
190,500
+3,900
| +2% | +$131K |
|
1419
Minerals Technologies
MTX
$2.25B
| $5.41M | ﹤0.01% |
74,000
-600
| -0.8% | -$43.1K |
|
1420
NETSCOUT
NTCT
$2.87B
| $5.39M | ﹤0.01% |
162,928
| – | – |
|
1421
Viasat
VSAT
$11.2B
| $5.39M | ﹤0.01% |
121,024
+1,300
| +1% | +$67.3K |
|
1422
Grocery Outlet
GO
$1.04B
| $5.38M | ﹤0.01% |
190,300
| – | – |
|
1423
JELD-WEN Holding
JELD
$165M
| $5.37M | ﹤0.01% |
203,600
| – | – |
|
1424
TechTarget
TTGT
$276M
| $5.36M | ﹤0.01% |
56,000
| – | – |
|
1425
Evolent Health
EVH
$521M
| $5.32M | ﹤0.01% |
192,100
| – | – |
|
Similar funds
Swiss National Bank's Q4 2021 Portfolio in Review
As of Q4 2021, Swiss National Bank held 2,800 positions worth $166B, up 5.6% from $157B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Swiss National Bank withdrew a net $5.92B in Q4 2021, closing 81 positions and reducing 1,244 holdings. Its most notable exit was JD.com, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Rivian worth $68M.
- Swiss National Bank's largest Q4 2021 buy was Rivian: 656,100 shares worth $68M.
- Swiss National Bank added most to Sea Limited in Q4 2021, an estimated $74.9M increase.
- Swiss National Bank's biggest Q4 2021 reduction was Apple, cutting an estimated $498M.
- Swiss National Bank fully exited JD.com in Q4 2021, selling an estimated $154M.
- Swiss National Bank's ten largest holdings make up 27% of its $166B portfolio in Q4 2021.
- Swiss National Bank opened 178 new positions and closed 81 in Q4 2021.
- Swiss National Bank's portfolio value rose 5.6% quarter-over-quarter to $166B.
Based on Swiss National Bank's 13F filing for Q4 2021, filed 8 Feb 2022.