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 | |
|---|---|---|---|---|---|---|
|
DISCK
526
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $43.7M | 0.03% |
1,183,427
-38,200
| -3% | -$1.62M |
|
527
Lamb Weston
LW
$7.39B
| $43.6M | 0.03% |
562,771
+14,000
| +3% | +$1.1M |
|
528
BorgWarner
BWA
$13.8B
| $43.6M | 0.03% |
1,067,392
+18,857
| +2% | +$735K |
|
529
Coca-Cola Europacific Partners
CCEP
$47.5B
| $43.4M | 0.03% |
831,627
+15,900
| +2% | +$808K |
|
530
XPO
XPO
$24.7B
| $43.3M | 0.03% |
1,015,507
+16,770
| +2% | +$696K |
|
|
DAY
531
DELISTED
Dayforce
DAY
| $43M | 0.03% |
510,700
+9,300
| +2% | +$869K |
|
532
Booz Allen Hamilton
BAH
$9.43B
| $42.7M | 0.03% |
529,900
+8,900
| +2% | +$747K |
|
533
Bunge Global
BG
$21.7B
| $42.6M | 0.03% |
536,803
+9,400
| +2% | +$699K |
|
534
Nordson
NDSN
$17.3B
| $42.1M | 0.03% |
212,100
+5,100
| +2% | +$993K |
|
535
DraftKings
DKNG
$12.6B
| $41.6M | 0.03% |
677,900
+35,100
| +5% | +$2.11M |
|
536
Newell Brands
NWL
$2.63B
| $41.5M | 0.03% |
1,549,353
+25,800
| +2% | +$640K |
|
|
ONC
537
BeOne Medicines Ltd
ONC
$40.3B
| $41.4M | 0.03% |
118,856
+9,000
| +8% | +$2.98M |
|
538
Lennox International
LII
$14.5B
| $41.2M | 0.03% |
132,376
+2,200
| +2% | +$637K |
|
|
AVLR
539
DELISTED
Avalara, Inc.
AVLR
| $41.2M | 0.03% |
309,000
+9,200
| +3% | +$1.42M |
|
540
Bausch Health
BHC
$2.37B
| $41.1M | 0.03% |
1,296,060
+16,100
| +1% | +$472K |
|
541
Steel Dynamics
STLD
$37.3B
| $41M | 0.03% |
808,623
+13,400
| +2% | +$565K |
|
542
Iron Mountain
IRM
$37.7B
| $41M | 0.03% |
1,107,600
+18,600
| +2% | +$622K |
|
543
Essential Utilities
WTRG
$11.5B
| $40.1M | 0.03% |
895,300
+15,100
| +2% | +$682K |
|
544
Cenovus Energy
CVE
$56.4B
| $39.9M | 0.03% |
5,317,035
+960,135
| +22% | +$6.75M |
|
545
Pentair
PNR
$10.7B
| $39.8M | 0.03% |
638,304
+11,300
| +2% | +$648K |
|
546
Lear
LEA
$8.16B
| $39.7M | 0.03% |
219,052
+3,600
| +2% | +$606K |
|
547
NiSource
NI
$20.2B
| $39.3M | 0.03% |
1,629,555
+26,100
| +2% | +$588K |
|
548
U-Haul Holding Co
UHAL
$14.4B
| $39.1M | 0.03% |
638,700
-13,000
| -2% | -$692K |
|
549
Algonquin Power & Utilities
AQN
$4.48B
| $38.3M | 0.03% |
2,420,800
+48,000
| +2% | +$792K |
|
550
Owens Corning
OC
$12.3B
| $38.3M | 0.03% |
415,513
+7,600
| +2% | +$637K |
|
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.