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 |
Rivian
RIVN
|
+$75.6M |
| 2 |
Sea Limited
SE
|
+$74.9M |
| 3 |
Airbnb
ABNB
|
+$70.2M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$64.7M |
| 5 |
VMW
VMware, Inc
VMW
|
+$61.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$498M |
| 2 |
Microsoft
MSFT
|
+$375M |
| 3 |
Amazon
AMZN
|
+$213M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$162M |
| 5 |
JD.com
JD
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.32% |
| 2 | Healthcare | 14.08% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.43% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EPAY
1376
DELISTED
Bottomline Technologies Inc
EPAY
| $5.66M | ﹤0.01% |
100,300
| – | – |
|
1377
PROG Holdings
PRG
$1.71B
| $5.66M | ﹤0.01% |
125,500
-23,400
| -16% | -$1.06M |
|
1378
First Majestic Silver
AG
$9.56B
| $5.66M | ﹤0.01% |
510,300
+5,700
| +1% | +$68.8K |
|
1379
Adaptive Biotechnologies
ADPT
$3.89B
| $5.66M | ﹤0.01% |
201,600
| – | – |
|
1380
Sunstone Hotel Investors
SHO
$2.03B
| $5.65M | ﹤0.01% |
481,949
+4,200
| +0.9% | +$50.2K |
|
1381
Helmerich & Payne
HP
$4.45B
| $5.65M | ﹤0.01% |
238,400
| – | – |
|
1382
Methanex
MEOH
$4.32B
| $5.65M | ﹤0.01% |
143,200
-100
| -0.1% | -$4.44K |
|
|
UCTT
1383
Ultra Clean Holdings
UCTT
$3.92B
| $5.64M | ﹤0.01% |
98,400
+1,700
| +2% | +$88.4K |
|
|
PDCO
1384
DELISTED
Patterson Companies, Inc.
PDCO
| $5.64M | ﹤0.01% |
192,200
| – | – |
|
1385
Chesapeake Utilities
CPK
$3.26B
| $5.64M | ﹤0.01% |
38,650
-100
| -0.3% | -$13.3K |
|
1386
John Wiley & Sons Class A
WLY
$2.62B
| $5.62M | ﹤0.01% |
98,100
| – | – |
|
1387
Madison Square Garden
MSGS
$9.76B
| $5.62M | ﹤0.01% |
32,333
-100
| -0.3% | -$18.1K |
|
1388
Arcosa
ACA
$7.14B
| $5.61M | ﹤0.01% |
106,500
+300
| +0.3% | +$16K |
|
1389
Nu Skin
NUS
$238M
| $5.61M | ﹤0.01% |
110,600
| – | – |
|
1390
Graham Holdings Company
GHC
$5B
| $5.61M | ﹤0.01% |
8,900
| – | – |
|
1391
RLX Technology
RLX
$2.36B
| $5.6M | ﹤0.01% |
1,436,989
-2,400
| -0.2% | -$11.1K |
|
1392
TechnipFMC
FTI
$30.9B
| $5.6M | ﹤0.01% |
945,800
| – | – |
|
|
BBBY
1393
Bed Bath & Beyond
BBBY
$420M
| $5.59M | ﹤0.01% |
104,280
-220
| -0.2% | -$16.6K |
|
|
FBC
1394
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $5.59M | ﹤0.01% |
116,600
| – | – |
|
1395
Virtu Financial
VIRT
$5.14B
| $5.58M | ﹤0.01% |
193,700
-4,400
| -2% | -$120K |
|
1396
PTC Therapeutics
PTCT
$5.95B
| $5.58M | ﹤0.01% |
140,165
| – | – |
|
|
WLL
1397
DELISTED
Whiting Petroleum Corporation
WLL
| $5.56M | ﹤0.01% |
86,000
| – | – |
|
1398
Shoals Technologies Group
SHLS
$1.42B
| $5.56M | ﹤0.01% |
228,700
+31,800
| +16% | +$914K |
|
1399
Goosehead Insurance
GSHD
$2.36B
| $5.55M | ﹤0.01% |
42,700
+2,000
| +5% | +$287K |
|
|
JWN
1400
DELISTED
Nordstrom
JWN
| $5.54M | ﹤0.01% |
244,800
+800
| +0.3% | +$21.2K |
|
Similar funds
Swiss National Bank's Q4 2021 Portfolio in Review
As of Q4 2021, Swiss National Bank held 2,800 positions worth $166B, up 5.6% from $157B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Swiss National Bank withdrew a net $5.92B in Q4 2021, closing 81 positions and reducing 1,244 holdings. Its most notable exit was JD.com, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Rivian worth $68M.
- Swiss National Bank's largest Q4 2021 buy was Rivian: 656,100 shares worth $68M.
- Swiss National Bank added most to Sea Limited in Q4 2021, an estimated $74.9M increase.
- Swiss National Bank's biggest Q4 2021 reduction was Apple, cutting an estimated $498M.
- Swiss National Bank fully exited JD.com in Q4 2021, selling an estimated $154M.
- Swiss National Bank's ten largest holdings make up 27% of its $166B portfolio in Q4 2021.
- Swiss National Bank opened 178 new positions and closed 81 in Q4 2021.
- Swiss National Bank's portfolio value rose 5.6% quarter-over-quarter to $166B.
Based on Swiss National Bank's 13F filing for Q4 2021, filed 8 Feb 2022.