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 |
Apple
AAPL
|
+$370M |
| 2 |
Amazon
AMZN
|
+$349M |
| 3 |
Microsoft
MSFT
|
+$336M |
| 4 |
Meta Platforms (Facebook)
META
|
+$181M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.07B |
| 2 |
Newmont
NEM
|
+$149M |
| 3 |
Waste Management
WM
|
+$122M |
| 4 |
McDonald's
MCD
|
+$113M |
| 5 |
Eli Lilly
LLY
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.15% |
| 2 | Healthcare | 14.17% |
| 3 | Consumer Discretionary | 13.27% |
| 4 | Communication Services | 11.59% |
| 5 | Industrials | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Atlantic Union Bankshares
AUB
$6.09B
| $6.29M | ﹤0.01% |
173,547
-6,300
| -4% | -$247K |
|
1327
Kennametal
KMT
$2.35B
| $6.28M | ﹤0.01% |
174,900
-15,300
| -8% | -$599K |
|
|
MAXR
1328
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $6.28M | ﹤0.01% |
157,200
-6,000
| -4% | -$214K |
|
|
MIC
1329
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $6.26M | ﹤0.01% |
163,700
-5,600
| -3% | -$197K |
|
1330
Vroom Inc
VRM
$52.1M
| $6.25M | ﹤0.01% |
1,868
+193
| +12% | +$656K |
|
|
MDC
1331
DELISTED
M.D.C. Holdings, Inc.
MDC
| $6.25M | ﹤0.01% |
123,543
-12,600
| -9% | -$721K |
|
1332
Kodiak Sciences
KOD
$2.72B
| $6.25M | ﹤0.01% |
67,200
-7,100
| -10% | -$681K |
|
1333
8x8 Inc
EGHT
$290M
| $6.25M | ﹤0.01% |
225,100
-5,700
| -2% | -$162K |
|
1334
FormFactor
FORM
$10.1B
| $6.25M | ﹤0.01% |
171,400
-5,400
| -3% | -$213K |
|
|
NKLA
1335
DELISTED
Nikola Corporation Common Stock
NKLA
| $6.24M | ﹤0.01% |
11,520
+1,280
| +13% | +$533K |
|
|
LTHM
1336
DELISTED
Livent Corporation
LTHM
| $6.24M | ﹤0.01% |
322,435
-11,900
| -4% | -$216K |
|
1337
Arcosa
ACA
$7.12B
| $6.24M | ﹤0.01% |
106,200
-4,100
| -4% | -$254K |
|
1338
Urban Outfitters
URBN
$6.63B
| $6.22M | ﹤0.01% |
150,873
+5,700
| +4% | +$215K |
|
1339
NewMarket
NEU
$8.72B
| $6.21M | ﹤0.01% |
19,300
-700
| -4% | -$245K |
|
1340
Brinker International
EAT
$10.2B
| $6.2M | ﹤0.01% |
100,200
-3,300
| -3% | -$209K |
|
|
ITCI
1341
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $6.19M | ﹤0.01% |
151,600
-13,200
| -8% | -$488K |
|
|
NBP
1342
NovaBridge Biosciences American Depositary Shares
NBP
$216M
| $6.17M | ﹤0.01% |
+73,450
| New | +$4.85M |
|
1343
Cannae Holdings
CNNE
$675M
| $6.17M | ﹤0.01% |
181,794
-6,700
| -4% | -$250K |
|
1344
California Water Service
CWT
$3.09B
| $6.17M | ﹤0.01% |
111,000
-2,900
| -3% | -$167K |
|
1345
BioCryst Pharmaceuticals
BCRX
$2.71B
| $6.16M | ﹤0.01% |
389,868
-13,600
| -3% | -$185K |
|
|
SNBR
1346
DELISTED
Sleep Number
SNBR
| $6.16M | ﹤0.01% |
56,000
-7,400
| -12% | -$843K |
|
1347
PagerDuty
PD
$876M
| $6.15M | ﹤0.01% |
144,500
+90,000
| +165% | +$3.65M |
|
|
AEL
1348
DELISTED
American Equity Investment Life Holding Company
AEL
| $6.14M | ﹤0.01% |
189,900
-20,300
| -10% | -$641K |
|
1349
MillerKnoll
MLKN
$1.64B
| $6.13M | ﹤0.01% |
130,000
-4,600
| -3% | -$208K |
|
|
CLR
1350
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $6.12M | ﹤0.01% |
161,000
-47,600
| -23% | -$1.48M |
|
Similar funds
Swiss National Bank's Q2 2021 Portfolio in Review
As of Q2 2021, Swiss National Bank held 2,687 positions worth $162B, up 8.1% from $150B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2021 filing shows 205 new, 908 increased, 1,482 reduced and 45 closed positions. Its largest new stake was Lyft: 1,044,300 shares worth $63.2M. The largest sale was Alibaba, an estimated $1.07B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2021 buy was Lyft: 1,044,300 shares worth $63.2M.
- Swiss National Bank added most to Apple in Q2 2021, an estimated $370M increase.
- Swiss National Bank's biggest Q2 2021 reduction was Newmont, cutting an estimated $149M.
- Swiss National Bank fully exited Alibaba in Q2 2021, selling an estimated $1.07B.
- Swiss National Bank's ten largest holdings make up 25% of its $162B portfolio in Q2 2021.
- Swiss National Bank opened 205 new positions and closed 45 in Q2 2021.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $162B.
Based on Swiss National Bank's 13F filing for Q2 2021, filed 6 Aug 2021.