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 | |
|---|---|---|---|---|---|---|
1576
Boot Barn
BOOT
$4.87B
| $4.11M | ﹤0.01% |
66,000
+700
| +1% | +$41.1K |
|
1577
BioCryst Pharmaceuticals
BCRX
$2.71B
| $4.1M | ﹤0.01% |
403,468
+4,300
| +1% | +$44.3K |
|
1578
Virtus Investment Partners
VRTS
$1.12B
| $4.1M | ﹤0.01% |
17,400
| – | – |
|
1579
Horace Mann Educators
HMN
$2.09B
| $4.09M | ﹤0.01% |
94,700
+1,100
| +1% | +$45.5K |
|
1580
ArcBest
ARCB
$3.14B
| $4.09M | ﹤0.01% |
58,100
+800
| +1% | +$46.1K |
|
|
GMS
1581
DELISTED
GMS Inc
GMS
| $4.08M | ﹤0.01% |
97,700
+1,100
| +1% | +$39.2K |
|
|
PGRE
1582
DELISTED
Paramount Group
PGRE
| $4.07M | ﹤0.01% |
402,043
| – | – |
|
1583
Lakeland Financial Corp
LKFN
$1.55B
| $4.07M | ﹤0.01% |
58,750
+500
| +0.9% | +$32.8K |
|
1584
Shutterstock
SSTK
$217M
| $4.05M | ﹤0.01% |
45,500
+500
| +1% | +$40K |
|
1585
Deluxe
DLX
$1.09B
| $4.02M | ﹤0.01% |
95,800
+1,000
| +1% | +$37.7K |
|
1586
HUTCHMED
HCM
$2.13B
| $4.01M | ﹤0.01% |
142,087
+19,300
| +16% | +$615K |
|
1587
Verra Mobility
VRRM
$714M
| $4.01M | ﹤0.01% |
296,600
+3,400
| +1% | +$47.1K |
|
1588
Northwest Bancshares
NWBI
$2.31B
| $4.01M | ﹤0.01% |
277,400
+2,700
| +1% | +$38K |
|
|
PRO
1589
DELISTED
PROS Holdings
PRO
| $4.01M | ﹤0.01% |
94,300
+1,100
| +1% | +$50.1K |
|
1590
Capitol Federal Financial
CFFN
$1.1B
| $3.99M | ﹤0.01% |
301,300
-3,400
| -1% | -$45K |
|
|
HOUS
1591
DELISTED
Anywhere Real Estate
HOUS
| $3.99M | ﹤0.01% |
263,800
+2,300
| +0.9% | +$36.5K |
|
1592
Kaiser Aluminum
KALU
$2.99B
| $3.99M | ﹤0.01% |
36,100
+300
| +0.8% | +$32.5K |
|
1593
Equinox Gold
EQX
$13.1B
| $3.98M | ﹤0.01% |
499,628
+6,300
| +1% | +$58.2K |
|
1594
Vicor
VICR
$10.4B
| $3.98M | ﹤0.01% |
46,832
+800
| +2% | +$75.3K |
|
1595
NBT Bancorp
NBTB
$2.78B
| $3.98M | ﹤0.01% |
99,700
+900
| +0.9% | +$33.1K |
|
|
CORE
1596
DELISTED
Core Mark Holding Co., Inc.
CORE
| $3.97M | ﹤0.01% |
102,700
+1,000
| +1% | +$34.5K |
|
|
FOCS
1597
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $3.96M | ﹤0.01% |
95,200
+35,600
| +60% | +$1.72M |
|
|
GRP.U
1598
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $3.95M | ﹤0.01% |
65,000
+500
| +0.8% | +$29.9K |
|
1599
Super Micro Computer
SMCI
$25.3B
| $3.94M | ﹤0.01% |
1,008,000
| – | – |
|
|
ACB
1600
Aurora Cannabis
ACB
$235M
| $3.92M | ﹤0.01% |
42,167
+1,090
| +3% | +$122K |
|
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.