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 |
Apple
AAPL
|
+$370M |
| 2 |
Amazon
AMZN
|
+$349M |
| 3 |
Microsoft
MSFT
|
+$336M |
| 4 |
Meta Platforms (Facebook)
META
|
+$181M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.07B |
| 2 |
Newmont
NEM
|
+$149M |
| 3 |
Waste Management
WM
|
+$122M |
| 4 |
McDonald's
MCD
|
+$113M |
| 5 |
Eli Lilly
LLY
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.33% |
| 2 | Healthcare | 14.29% |
| 3 | Consumer Discretionary | 13.28% |
| 4 | Communication Services | 11.64% |
| 5 | Industrials | 9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Tanger
SKT
$4.42B
| $3.89M | ﹤0.01% |
206,200
-7,300
| -3% | -$128K |
|
|
MDP
1677
DELISTED
Meredith Corporation
MDP
| $3.88M | ﹤0.01% |
89,400
-3,100
| -3% | -$110K |
|
|
CSW
1678
CSW Industrials
CSW
$5.62B
| $3.88M | ﹤0.01% |
32,749
-1,100
| -3% | -$140K |
|
1679
Triumph Financial Inc
TFIN
$1.87B
| $3.87M | ﹤0.01% |
52,100
-1,900
| -4% | -$162K |
|
1680
PRA Group
PRAA
$776M
| $3.87M | ﹤0.01% |
100,500
-3,700
| -4% | -$142K |
|
|
ACCD
1681
DELISTED
Accolade Inc
ACCD
| $3.86M | ﹤0.01% |
71,000
+39,400
| +125% | +$1.91M |
|
|
MNR
1682
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $3.85M | ﹤0.01% |
205,800
-7,000
| -3% | -$131K |
|
1683
Hope Bancorp
HOPE
$1.85B
| $3.85M | ﹤0.01% |
271,657
-10,000
| -4% | -$152K |
|
|
VBTX
1684
DELISTED
Veritex Holdings
VBTX
| $3.85M | ﹤0.01% |
108,717
+6,600
| +6% | +$231K |
|
1685
Eldorado Gold
EGO
$10.4B
| $3.85M | ﹤0.01% |
386,720
-14,300
| -4% | -$159K |
|
|
INFN
1686
DELISTED
Infinera Corporation Common Stock
INFN
| $3.85M | ﹤0.01% |
377,300
-19,800
| -5% | -$192K |
|
|
AVNS
1687
DELISTED
Avanos Medical
AVNS
| $3.84M | ﹤0.01% |
105,700
-3,600
| -3% | -$149K |
|
1688
Bally's
BALY
$685M
| $3.84M | ﹤0.01% |
70,925
+32,600
| +85% | +$1.84M |
|
|
CMBT
1689
CMB.TECH NV
CMBT
$5B
| $3.84M | ﹤0.01% |
412,236
+10,064
| +3% | +$91.8K |
|
1690
Empire State Realty Trust
ESRT
$822M
| $3.83M | ﹤0.01% |
319,600
-12,400
| -4% | -$146K |
|
1691
Core Laboratories
CLB
$571M
| $3.83M | ﹤0.01% |
98,300
-3,400
| -3% | -$122K |
|
1692
Cohu
COHU
$2.81B
| $3.82M | ﹤0.01% |
103,950
-3,400
| -3% | -$135K |
|
1693
OSI Systems
OSIS
$3.76B
| $3.82M | ﹤0.01% |
37,600
-1,200
| -3% | -$117K |
|
|
DEA
1694
Easterly Government Properties
DEA
$1.17B
| $3.82M | ﹤0.01% |
72,404
-1,840
| -2% | -$97.2K |
|
|
ENLC
1695
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $3.8M | ﹤0.01% |
594,123
-21,300
| -3% | -$109K |
|
1696
First Interstate BancSystem
FIBK
$3.73B
| $3.79M | ﹤0.01% |
90,683
-3,400
| -4% | -$157K |
|
|
HTO
1697
H2O America
HTO
$2.67B
| $3.79M | ﹤0.01% |
59,800
+1,100
| +2% | +$71.2K |
|
|
DCT
1698
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $3.79M | ﹤0.01% |
+87,000
| New | +$3.54M |
|
|
CSII
1699
DELISTED
Cardiovascular Systems, Inc.
CSII
| $3.78M | ﹤0.01% |
88,600
-3,100
| -3% | -$121K |
|
1700
La-Z-Boy
LZB
$1.67B
| $3.78M | ﹤0.01% |
102,000
-3,500
| -3% | -$147K |
|
Similar funds
Swiss National Bank's Q2 2021 Portfolio in Review
As of Q2 2021, Swiss National Bank held 2,687 positions worth $162B, up 8.1% from $150B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2021 filing shows 205 new, 908 increased, 1,482 reduced and 45 closed positions. Its largest new stake was Lyft: 1,044,300 shares worth $63.2M. The largest sale was Alibaba, an estimated $1.07B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2021 buy was Lyft: 1,044,300 shares worth $63.2M.
- Swiss National Bank added most to Apple in Q2 2021, an estimated $370M increase.
- Swiss National Bank's biggest Q2 2021 reduction was Newmont, cutting an estimated $149M.
- Swiss National Bank fully exited Alibaba in Q2 2021, selling an estimated $1.07B.
- Swiss National Bank's ten largest holdings make up 25% of its $162B portfolio in Q2 2021.
- Swiss National Bank opened 205 new positions and closed 45 in Q2 2021.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $162B.
Based on Swiss National Bank's 13F filing for Q2 2021, filed 6 Aug 2021.