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 | 29.19% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VNET
2151
VNET Group
VNET
$2.12B
| $1.76M | ﹤0.01% |
195,320
-400
| -0.2% | -$5.44K |
|
|
EBIX
2152
DELISTED
Ebix Inc
EBIX
| $1.76M | ﹤0.01% |
58,000
| – | – |
|
2153
Central Pacific Financial
CPF
$1B
| $1.75M | ﹤0.01% |
62,100
| – | – |
|
2154
Artivion
AORT
$1.39B
| $1.75M | ﹤0.01% |
85,900
| – | – |
|
2155
Purple Innovation
PRPL
$28.7M
| $1.75M | ﹤0.01% |
5,260
| – | – |
|
2156
Acco Brands
ACCO
$399M
| $1.74M | ﹤0.01% |
211,000
| – | – |
|
2157
Hippo Holdings
HIPO
$869M
| $1.74M | ﹤0.01% |
+24,632
| New | +$2.3M |
|
2158
Kura Oncology
KURA
$896M
| $1.74M | ﹤0.01% |
124,100
| – | – |
|
2159
MacroGenics
MGNX
$259M
| $1.73M | ﹤0.01% |
107,600
+1,500
| +1% | +$28.2K |
|
|
PWSC
2160
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $1.72M | ﹤0.01% |
+104,600
| New | +$2.24M |
|
2161
Mitek Systems
MITK
$853M
| $1.72M | ﹤0.01% |
96,900
+1,800
| +2% | +$32.2K |
|
2162
Uranium Energy
UEC
$5.54B
| $1.72M | ﹤0.01% |
+513,100
| New | +$1.97M |
|
|
NP
2163
DELISTED
Neenah, Inc. Common Stock
NP
| $1.72M | ﹤0.01% |
37,100
| – | – |
|
2164
Arcturus Therapeutics
ARCT
$223M
| $1.71M | ﹤0.01% |
46,300
| – | – |
|
2165
Insteel Industries
IIIN
$634M
| $1.7M | ﹤0.01% |
42,600
| – | – |
|
|
VXRT
2166
DELISTED
Vaxart
VXRT
| $1.69M | ﹤0.01% |
270,100
| – | – |
|
2167
FuboTV Inc
FUBO
$296M
| $1.69M | ﹤0.01% |
9,092
+84
| +0.9% | +$23.6K |
|
2168
MBIA
MBI
$262M
| $1.69M | ﹤0.01% |
107,000
| – | – |
|
|
ASTR
2169
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
| $1.69M | ﹤0.01% |
+16,233
| New | +$2.23M |
|
|
ROVR
2170
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $1.69M | ﹤0.01% |
+172,900
| New | +$2M |
|
2171
Microvast
MVST
$341M
| $1.68M | ﹤0.01% |
+297,600
| New | +$2.35M |
|
|
MAGN
2172
Magnera Corp
MAGN
$433M
| $1.68M | ﹤0.01% |
7,523
| – | – |
|
|
TUP
2173
DELISTED
Tupperware Brands Corporation
TUP
| $1.68M | ﹤0.01% |
109,700
| – | – |
|
2174
Tucows
TCX
$134M
| $1.67M | ﹤0.01% |
19,900
| – | – |
|
2175
Douglas Elliman
DOUG
$183M
| $1.67M | ﹤0.01% |
+152,025
| New | +$1.71M |
|
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.