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 |
AstraZeneca
AZN
|
+$1.19B |
| 2 |
NVIDIA
NVDA
|
+$867M |
| 3 |
Apple
AAPL
|
+$642M |
| 4 |
Microsoft
MSFT
|
+$574M |
| 5 |
Amazon
AMZN
|
+$426M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$64.5M |
| 2 |
EXAS
Exact Sciences
EXAS
|
+$37.9M |
| 3 |
CMA
Comerica
CMA
|
+$21.9M |
| 4 |
Pinduoduo
PDD
|
+$18.9M |
| 5 |
FYBR
Frontier Communications
FYBR
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.51% |
| 2 | Healthcare | 10.85% |
| 3 | Consumer Discretionary | 10.77% |
| 4 | Communication Services | 10.52% |
| 5 | Industrials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Murphy Oil
MUR
$5.38B
| $11.1M | 0.01% |
268,300
+1,000
| +0.4% | +$33.9K |
|
902
White Mountains Insurance
WTM
$5.43B
| $11.1M | 0.01% |
5,036
-50
| -1% | -$107K |
|
903
Lamb Weston
LW
$7.3B
| $11M | 0.01% |
261,000
| – | – |
|
904
ESAB
ESAB
$5.49B
| $11M | 0.01% |
114,100
+400
| +0.4% | +$46.3K |
|
905
Amkor Technology
AMKR
$15B
| $11M | 0.01% |
244,500
+800
| +0.3% | +$38.3K |
|
906
Magnolia Oil & Gas
MGY
$5.69B
| $11M | 0.01% |
348,300
+1,300
| +0.4% | +$34.8K |
|
907
monday.com
MNDY
$3.47B
| $11M | 0.01% |
159,100
+35,400
| +29% | +$3.4M |
|
908
Alkermes
ALKS
$8.79B
| $11M | 0.01% |
310,300
+1,100
| +0.4% | +$34.1K |
|
909
New Jersey Resources
NJR
$6.01B
| $11M | 0.01% |
199,400
+1,400
| +0.7% | +$72.4K |
|
910
Ryman Hospitality Properties
RHP
$8.52B
| $10.9M | 0.01% |
118,300
+300
| +0.3% | +$28.8K |
|
911
Landstar System
LSTR
$6.5B
| $10.9M | 0.01% |
68,000
-400
| -0.6% | -$61.4K |
|
912
Celsius Holdings
CELH
$7.36B
| $10.9M | 0.01% |
306,100
+900
| +0.3% | +$42.7K |
|
913
Applied Optoelectronics
AAOI
$7.85B
| $10.9M | 0.01% |
128,300
+11,500
| +10% | +$734K |
|
|
BCPC
914
Balchem Corp
BCPC
$5.29B
| $10.8M | 0.01% |
64,000
| – | – |
|
915
Floor & Decor
FND
$5.99B
| $10.8M | 0.01% |
213,200
+800
| +0.4% | +$52K |
|
916
FTI Consulting
FCN
$4.88B
| $10.8M | 0.01% |
61,100
-2,800
| -4% | -$478K |
|
917
Plexus
PLXS
$6.78B
| $10.7M | 0.01% |
53,000
-300
| -0.6% | -$57K |
|
918
Piper Sandler
PIPR
$5.15B
| $10.7M | 0.01% |
140,000
+480
| +0.3% | +$39.4K |
|
919
UFP Industries
UFPI
$4.98B
| $10.6M | 0.01% |
115,450
| – | – |
|
920
StoneX
SNEX
$9B
| $10.6M | 0.01% |
197,494
+675
| +0.3% | +$34.1K |
|
921
Chemed
CHE
$6.76B
| $10.6M | 0.01% |
28,020
-720
| -3% | -$308K |
|
922
Spire
SR
$4.87B
| $10.6M | 0.01% |
116,850
+500
| +0.4% | +$43.9K |
|
923
Avantor
AVTR
$8.03B
| $10.6M | 0.01% |
1,349,400
+5,300
| +0.4% | +$52.1K |
|
|
VSNT
924
Versant Media Group
VSNT
$5.08B
| $10.6M | 0.01% |
+285,300
| New | +$9.61M |
|
925
Sonoco
SON
$5.8B
| $10.6M | 0.01% |
195,200
+800
| +0.4% | +$41.2K |
|
Similar funds
Swiss National Bank's Q1 2026 Portfolio in Review
As of Q1 2026, Swiss National Bank held 2,355 positions worth $174B, up 3.4% from $168B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Swiss National Bank deployed $13.1B of net new capital in Q1 2026, opening 44 new positions and adding to 1,113 existing holdings. Its largest new stake was AstraZeneca: 6,174,666 shares worth $1.2B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Pinduoduo, an estimated $18.9M trimmed.
- Swiss National Bank's largest Q1 2026 buy was AstraZeneca: 6,174,666 shares worth $1.2B.
- Swiss National Bank added most to NVIDIA in Q1 2026, an estimated $867M increase.
- Swiss National Bank's biggest Q1 2026 reduction was Pinduoduo, cutting an estimated $18.9M.
- Swiss National Bank fully exited CyberArk in Q1 2026, selling an estimated $64.5M.
- Swiss National Bank's ten largest holdings make up 34% of its $174B portfolio in Q1 2026.
- Swiss National Bank opened 44 new positions and closed 54 in Q1 2026.
- Swiss National Bank's portfolio value rose 3.4% quarter-over-quarter to $174B.
Based on Swiss National Bank's 13F filing for Q1 2026, filed 7 May 2026.