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 | 25.9% |
| 2 | Healthcare | 14.3% |
| 3 | Consumer Discretionary | 13.72% |
| 4 | Communication Services | 10.98% |
| 5 | Industrials | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Choice Hotels
CHH
$4.71B
| $8.84M | 0.01% |
82,367
+1,000
| +1% | +$107K |
|
1077
EnerSys
ENS
$6.81B
| $8.84M | 0.01% |
97,300
+1,400
| +1% | +$128K |
|
|
UMPQ
1078
DELISTED
Umpqua Holdings Corp
UMPQ
| $8.83M | 0.01% |
503,125
+5,200
| +1% | +$87.9K |
|
1079
Wendy's
WEN
$1.65B
| $8.82M | 0.01% |
435,200
+5,100
| +1% | +$106K |
|
1080
Resideo Technologies
REZI
$3.1B
| $8.77M | 0.01% |
310,500
+7,000
| +2% | +$185K |
|
|
DOO
1081
Bombardier Recreational Products
DOO
$4.69B
| $8.76M | 0.01% |
101,100
+6,800
| +7% | +$498K |
|
1082
New Jersey Resources
NJR
$5.64B
| $8.74M | 0.01% |
219,200
+2,200
| +1% | +$83.9K |
|
1083
Alarm.com
ALRM
$2.74B
| $8.72M | 0.01% |
101,000
+1,400
| +1% | +$132K |
|
1084
Spire
SR
$4.89B
| $8.71M | 0.01% |
117,950
+1,600
| +1% | +$107K |
|
|
TMHC
1085
DELISTED
Taylor Morrison
TMHC
| $8.69M | 0.01% |
282,060
+3,000
| +1% | +$84.2K |
|
1086
Intellia Therapeutics
NTLA
$1.66B
| $8.67M | 0.01% |
108,000
+1,800
| +2% | +$121K |
|
1087
Asbury Automotive
ABG
$3.76B
| $8.67M | 0.01% |
44,100
+400
| +0.9% | +$67.4K |
|
|
JBGS
1088
JBG SMITH
JBGS
$691M
| $8.66M | 0.01% |
272,558
| – | – |
|
1089
KB Home
KBH
$3.45B
| $8.66M | 0.01% |
186,200
+1,700
| +0.9% | +$70.2K |
|
1090
Wingstop
WING
$3.1B
| $8.62M | 0.01% |
67,800
+800
| +1% | +$112K |
|
|
TRTN
1091
DELISTED
Triton International Limited
TRTN
| $8.62M | 0.01% |
156,700
+1,500
| +1% | +$80.2K |
|
1092
CONMED
CNMD
$1.49B
| $8.54M | 0.01% |
65,400
+700
| +1% | +$84.2K |
|
1093
Agree Realty
ADC
$9.25B
| $8.52M | 0.01% |
126,582
+4,800
| +4% | +$313K |
|
|
TXNM
1094
TXNM Energy Inc
TXNM
$5.91B
| $8.48M | 0.01% |
172,900
+1,800
| +1% | +$87.4K |
|
1095
Commercial Metals
CMC
$7.98B
| $8.46M | 0.01% |
274,300
+4,500
| +2% | +$111K |
|
|
PPBI
1096
DELISTED
Pacific Premier Bancorp
PPBI
| $8.43M | 0.01% |
194,057
+2,100
| +1% | +$81.9K |
|
1097
Kodiak Sciences
KOD
$2.5B
| $8.43M | 0.01% |
74,300
+500
| +0.7% | +$68.3K |
|
|
DOC
1098
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $8.41M | 0.01% |
475,706
+5,100
| +1% | +$90.5K |
|
1099
Rapid7
RPD
$929M
| $8.4M | 0.01% |
112,600
+3,000
| +3% | +$249K |
|
|
SEM
1100
DELISTED
Select Medical
SEM
| $8.4M | 0.01% |
457,133
+6,311
| +1% | +$103K |
|
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 27% 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.