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 | 25.7% |
| 2 | Healthcare | 14.14% |
| 3 | Consumer Discretionary | 13.71% |
| 4 | Communication Services | 10.92% |
| 5 | Industrials | 9.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BZUN
1551
Baozun
BZUN
$164M
| $4.3M | ﹤0.01% |
112,691
-2,600
| -2% | -$111K |
|
1552
TTEC Holdings
TTEC
$77.4M
| $4.29M | ﹤0.01% |
42,700
+500
| +1% | +$42.4K |
|
1553
Banner Corp
BANR
$2.5B
| $4.29M | ﹤0.01% |
80,400
+700
| +0.9% | +$36.4K |
|
|
ROIC
1554
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $4.28M | ﹤0.01% |
269,600
+3,000
| +1% | +$46K |
|
1555
Opko Health
OPK
$1.04B
| $4.27M | ﹤0.01% |
995,000
+8,200
| +0.8% | +$39.2K |
|
|
VSTO
1556
DELISTED
Vista Outdoor Inc.
VSTO
| $4.27M | ﹤0.01% |
133,100
+1,600
| +1% | +$49.6K |
|
|
NKLA
1557
DELISTED
Nikola Corporation Common Stock
NKLA
| $4.27M | ﹤0.01% |
10,240
+243
| +2% | +$138K |
|
1558
Cavco Industries
CVCO
$4.6B
| $4.26M | ﹤0.01% |
18,900
+200
| +1% | +$41.7K |
|
1559
Arbor Realty Trust
ABR
$974M
| $4.26M | ﹤0.01% |
267,851
+25,900
| +11% | +$400K |
|
|
ARI
1560
Apollo Commercial Real Estate
ARI
$885M
| $4.25M | ﹤0.01% |
304,539
-12,600
| -4% | -$162K |
|
1561
Piper Sandler
PIPR
$5.34B
| $4.25M | ﹤0.01% |
155,200
+800
| +0.5% | +$21.2K |
|
|
CRON
1562
Cronos Group
CRON
$1.17B
| $4.25M | ﹤0.01% |
449,900
+14,400
| +3% | +$152K |
|
1563
Hope Bancorp
HOPE
$1.83B
| $4.24M | ﹤0.01% |
281,657
+4,200
| +2% | +$55.8K |
|
|
SRNE
1564
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $4.22M | ﹤0.01% |
510,600
+20,400
| +4% | +$215K |
|
1565
United Natural Foods
UNFI
$2.9B
| $4.22M | ﹤0.01% |
128,100
+4,500
| +4% | +$125K |
|
|
MFA
1566
MFA Financial
MFA
$925M
| $4.22M | ﹤0.01% |
258,950
+2,200
| +0.9% | +$35K |
|
1567
Triumph Financial Inc
TFIN
$1.87B
| $4.18M | ﹤0.01% |
54,000
+600
| +1% | +$41.7K |
|
|
GLUU
1568
DELISTED
Glu Mobile Inc.
GLUU
| $4.17M | ﹤0.01% |
334,100
+5,800
| +2% | +$64.6K |
|
1569
Cimpress
CMPR
$2.4B
| $4.17M | ﹤0.01% |
41,600
+600
| +1% | +$59.1K |
|
|
ELME
1570
Elme Communities
ELME
$144M
| $4.16M | ﹤0.01% |
188,200
+1,600
| +0.9% | +$36.5K |
|
|
VGR
1571
DELISTED
Vector Group Ltd.
VGR
| $4.15M | ﹤0.01% |
419,719
+3,948
| +0.9% | +$37.5K |
|
|
TWNK
1572
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $4.14M | ﹤0.01% |
288,400
+7,100
| +3% | +$104K |
|
1573
Cushman & Wakefield Ltd
CWK
$3.24B
| $4.13M | ﹤0.01% |
253,200
+3,400
| +1% | +$53.1K |
|
1574
Lindsay Corp
LNN
$1.18B
| $4.13M | ﹤0.01% |
24,800
+200
| +0.8% | +$31K |
|
1575
Cognyte Software
CGNT
$675M
| $4.12M | ﹤0.01% |
+148,100
| New | +$4.4M |
|
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 26% 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.