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 | |
|---|---|---|---|---|---|---|
|
CVET
1151
DELISTED
Covetrus, Inc. Common Stock
CVET
| $7.86M | 0.01% |
262,240
+32,700
| +14% | +$1.12M |
|
|
IRBT
1152
DELISTED
iRobot
IRBT
| $7.86M | 0.01% |
64,300
+1,300
| +2% | +$148K |
|
1153
White Mountains Insurance
WTM
$5.06B
| $7.86M | 0.01% |
7,046
| – | – |
|
|
PDCE
1154
DELISTED
PDC Energy, Inc.
PDCE
| $7.83M | 0.01% |
227,614
+2,000
| +0.9% | +$60.1K |
|
1155
Unifirst Corp
UNF
$5.24B
| $7.81M | 0.01% |
34,900
+400
| +1% | +$92.1K |
|
1156
Assured Guaranty
AGO
$3.29B
| $7.8M | 0.01% |
184,600
-4,300
| -2% | -$172K |
|
1157
Houlihan Lokey
HLI
$9.24B
| $7.8M | 0.01% |
117,336
+2,000
| +2% | +$135K |
|
1158
Atkore
ATKR
$3.17B
| $7.79M | 0.01% |
108,400
+1,500
| +1% | +$90.7K |
|
1159
3D Systems Corp
DDD
$601M
| $7.78M | 0.01% |
283,650
+9,800
| +4% | +$324K |
|
1160
Westlake Corp
WLK
$10.2B
| $7.78M | 0.01% |
87,600
+800
| +0.9% | +$69.5K |
|
1161
Itron
ITRI
$4.5B
| $7.78M | 0.01% |
87,700
+1,100
| +1% | +$109K |
|
1162
Weibo
WB
$1.88B
| $7.77M | 0.01% |
154,028
-2,000
| -1% | -$101K |
|
1163
ABM Industries
ABM
$2.84B
| $7.77M | 0.01% |
152,300
+1,300
| +0.9% | +$57K |
|
1164
Glaukos
GKOS
$11.2B
| $7.76M | 0.01% |
92,500
+1,600
| +2% | +$141K |
|
|
CADE
1165
DELISTED
Cadence Bank
CADE
| $7.76M | 0.01% |
238,800
+6,900
| +3% | +$213K |
|
1166
Visteon
VC
$2.86B
| $7.76M | 0.01% |
63,600
+700
| +1% | +$91.9K |
|
1167
Sonos
SONO
$1.86B
| $7.73M | 0.01% |
206,200
+6,100
| +3% | +$206K |
|
1168
Korn Ferry
KFY
$4.28B
| $7.72M | 0.01% |
123,800
-3,400
| -3% | -$189K |
|
|
MZTI
1169
The Marzetti Company
MZTI
$3.22B
| $7.72M | 0.01% |
44,026
+400
| +0.9% | +$71.7K |
|
|
EQC
1170
DELISTED
Equity Commonwealth
EQC
| $7.72M | 0.01% |
277,700
+3,000
| +1% | +$84.8K |
|
1171
CNO Financial Group
CNO
$5.02B
| $7.71M | 0.01% |
317,600
-2,800
| -0.9% | -$66.6K |
|
1172
TriNet
TNET
$3.22B
| $7.71M | 0.01% |
98,900
| – | – |
|
|
GRA
1173
DELISTED
W.R. Grace & Co.
GRA
| $7.7M | 0.01% |
128,600
+1,400
| +1% | +$83.5K |
|
1174
Bloom Energy
BE
$69.6B
| $7.69M | 0.01% |
284,400
+62,800
| +28% | +$2.05M |
|
|
NUVA
1175
DELISTED
NuVasive, Inc.
NUVA
| $7.68M | 0.01% |
117,169
+1,300
| +1% | +$78K |
|
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.