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 | |
|---|---|---|---|---|---|---|
1201
National Health Investors
NHI
$3.53B
| $7.39M | ﹤0.01% |
102,220
+1,300
| +1% | +$90.7K |
|
1202
Simmons First National
SFNC
$3.47B
| $7.38M | ﹤0.01% |
248,686
+1,700
| +0.7% | +$47.8K |
|
1203
Brinker International
EAT
$10.2B
| $7.36M | ﹤0.01% |
103,500
+1,600
| +2% | +$107K |
|
1204
Agios Pharmaceuticals
AGIO
$1.97B
| $7.35M | ﹤0.01% |
142,360
+1,800
| +1% | +$89.1K |
|
1205
BridgeBio Pharma
BBIO
$15.5B
| $7.35M | ﹤0.01% |
+119,300
| New | +$7.8M |
|
1206
Onto Innovation
ONTO
$21B
| $7.34M | ﹤0.01% |
111,641
+1,600
| +1% | +$95.3K |
|
1207
Old National Bancorp
ONB
$10.4B
| $7.31M | ﹤0.01% |
377,784
+4,500
| +1% | +$83.4K |
|
|
SUM
1208
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $7.31M | ﹤0.01% |
265,192
+2,136
| +0.8% | +$53.7K |
|
1209
Vishay Intertechnology
VSH
$5.26B
| $7.29M | ﹤0.01% |
302,900
+2,500
| +0.8% | +$58.5K |
|
1210
Terex
TEX
$7.75B
| $7.29M | ﹤0.01% |
158,300
+1,600
| +1% | +$65.6K |
|
1211
CareDx
CDNA
$2.37B
| $7.29M | ﹤0.01% |
107,000
+1,800
| +2% | +$140K |
|
|
NEWR
1212
DELISTED
New Relic, Inc.
NEWR
| $7.29M | ﹤0.01% |
118,497
+2,700
| +2% | +$179K |
|
1213
LGI Homes
LGIH
$1.37B
| $7.28M | ﹤0.01% |
48,781
+500
| +1% | +$60.1K |
|
|
PSB
1214
DELISTED
PS Business Parks, Inc.
PSB
| $7.28M | ﹤0.01% |
47,108
+400
| +0.9% | +$57.4K |
|
1215
Casella Waste Systems
CWST
$5.76B
| $7.28M | ﹤0.01% |
114,500
+7,200
| +7% | +$435K |
|
1216
Hyatt Hotels
H
$17.2B
| $7.27M | ﹤0.01% |
87,900
+1,000
| +1% | +$78.7K |
|
1217
Pebblebrook Hotel Trust
PEB
$2.07B
| $7.26M | ﹤0.01% |
299,112
+2,800
| +0.9% | +$61.5K |
|
1218
Workiva
WK
$3.9B
| $7.25M | ﹤0.01% |
82,121
+2,200
| +3% | +$218K |
|
1219
Outfront Media
OUT
$5.28B
| $7.21M | ﹤0.01% |
335,327
+2,947
| +0.9% | +$60.1K |
|
1220
Columbia Sportswear
COLM
$2.92B
| $7.19M | ﹤0.01% |
68,100
+700
| +1% | +$69.3K |
|
|
AQUA
1221
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $7.19M | ﹤0.01% |
273,400
+34,600
| +14% | +$922K |
|
1222
Wolverine World Wide
WWW
$1.68B
| $7.18M | ﹤0.01% |
187,500
+2,400
| +1% | +$82.8K |
|
1223
Arcosa
ACA
$7.14B
| $7.18M | ﹤0.01% |
110,300
+1,000
| +0.9% | +$61.4K |
|
1224
Sprouts Farmers Market
SFM
$7.69B
| $7.17M | ﹤0.01% |
269,450
+2,500
| +0.9% | +$56.8K |
|
|
SPWR
1225
DELISTED
SunPower Corporation Common Stock
SPWR
| $7.15M | ﹤0.01% |
213,800
+1,900
| +0.9% | +$71.2K |
|
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.