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 | |
|---|---|---|---|---|---|---|
|
GTHX
2151
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $1.55M | ﹤0.01% |
64,500
| – | – |
|
2152
Ecovyst
ECVT
$1.1B
| $1.55M | ﹤0.01% |
92,900
| – | – |
|
2153
Unitil
UTL
$992M
| $1.55M | ﹤0.01% |
33,900
| – | – |
|
|
PENG
2154
Penguin Solutions Inc
PENG
$3.12B
| $1.54M | ﹤0.01% |
67,000
+2,000
| +3% | +$43.4K |
|
|
ALTA
2155
DELISTED
Altabancorp
ALTA
| $1.54M | ﹤0.01% |
36,600
| – | – |
|
|
GOOD
2156
Gladstone Commercial Corp
GOOD
$641M
| $1.53M | ﹤0.01% |
78,300
+1,400
| +2% | +$26.5K |
|
2157
Genesco
GCO
$394M
| $1.53M | ﹤0.01% |
32,200
| – | – |
|
2158
Oric Pharmaceuticals
ORIC
$1.42B
| $1.53M | ﹤0.01% |
62,300
+21,700
| +53% | +$686K |
|
|
SRG
2159
Seritage Growth Properties
SRG
$128M
| $1.53M | ﹤0.01% |
83,138
| – | – |
|
|
EFC
2160
Ellington Financial
EFC
$1.76B
| $1.52M | ﹤0.01% |
95,100
+1,300
| +1% | +$20.5K |
|
2161
AudioCodes
AUDC
$253M
| $1.52M | ﹤0.01% |
56,317
+662
| +1% | +$19.7K |
|
2162
Option Care Health
OPCH
$3.61B
| $1.51M | ﹤0.01% |
85,400
+1,000
| +1% | +$18.7K |
|
|
VXRT
2163
DELISTED
Vaxart
VXRT
| $1.51M | ﹤0.01% |
250,100
+2,600
| +1% | +$20K |
|
2164
Ducommun
DCO
$3.01B
| $1.51M | ﹤0.01% |
25,100
| – | – |
|
2165
Par Pacific Holdings
PARR
$4.12B
| $1.5M | ﹤0.01% |
106,559
+15,000
| +16% | +$233K |
|
|
GPMT
2166
Granite Point Mortgage Trust
GPMT
$58.8M
| $1.5M | ﹤0.01% |
125,277
| – | – |
|
2167
First Mid Bancshares
FMBH
$1.39B
| $1.49M | ﹤0.01% |
34,000
| – | – |
|
2168
Prothena Corp
PRTA
$466M
| $1.49M | ﹤0.01% |
59,300
+1,400
| +2% | +$26.3K |
|
2169
NRC Health Common Stock
NRC
$471M
| $1.49M | ﹤0.01% |
31,800
+400
| +1% | +$19.4K |
|
2170
Sterling Infrastructure
STRL
$16.9B
| $1.49M | ﹤0.01% |
64,200
+900
| +1% | +$19.6K |
|
|
FRG
2171
DELISTED
Franchise Group, Inc.
FRG
| $1.49M | ﹤0.01% |
41,200
+500
| +1% | +$17.7K |
|
|
ATRS
2172
DELISTED
Antares Pharma, Inc.
ATRS
| $1.49M | ﹤0.01% |
361,800
+5,300
| +1% | +$23K |
|
2173
Ethan Allen Interiors
ETD
$583M
| $1.49M | ﹤0.01% |
53,800
| – | – |
|
|
KE
2174
Kimball Electronics
KE
$626M
| $1.48M | ﹤0.01% |
57,500
+1,000
| +2% | +$22.8K |
|
|
ABST
2175
DELISTED
Absolute Software Corp
ABST
| $1.48M | ﹤0.01% |
106,900
+14,800
| +16% | +$209K |
|
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.