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 | |
|---|---|---|---|---|---|---|
|
CSOD
1401
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $5.47M | ﹤0.01% |
125,500
+1,900
| +2% | +$87.5K |
|
|
CALY
1402
Callaway Golf Company
CALY
$2.98B
| $5.47M | ﹤0.01% |
204,400
+1,800
| +0.9% | +$50.9K |
|
1403
Essential Properties Realty Trust
EPRT
$6.72B
| $5.46M | ﹤0.01% |
239,100
+28,800
| +14% | +$645K |
|
1404
J&J Snack Foods
JJSF
$1.68B
| $5.45M | ﹤0.01% |
34,700
+500
| +1% | +$78.5K |
|
1405
Range Resources
RRC
$9.45B
| $5.45M | ﹤0.01% |
527,100
+5,400
| +1% | +$52.4K |
|
|
B
1406
DELISTED
Barnes Group Inc.
B
| $5.44M | ﹤0.01% |
109,900
+1,300
| +1% | +$68.2K |
|
|
MDRX
1407
DELISTED
Veradigm Inc. Common Stock
MDRX
| $5.42M | ﹤0.01% |
361,000
-7,400
| -2% | -$119K |
|
|
FBC
1408
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $5.42M | ﹤0.01% |
120,100
+1,300
| +1% | +$58.7K |
|
1409
Jack in the Box
JACK
$325M
| $5.41M | ﹤0.01% |
49,300
+500
| +1% | +$50.9K |
|
|
PRMW
1410
DELISTED
Primo Water Corporation
PRMW
| $5.4M | ﹤0.01% |
331,748
+3,900
| +1% | +$62.7K |
|
1411
Urban Outfitters
URBN
$6.65B
| $5.4M | ﹤0.01% |
145,173
+1,100
| +0.8% | +$35.6K |
|
|
MANT
1412
DELISTED
Mantech International Corp
MANT
| $5.4M | ﹤0.01% |
62,087
+700
| +1% | +$61K |
|
|
CLR
1413
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.4M | ﹤0.01% |
208,600
+1,700
| +0.8% | +$39.9K |
|
1414
Kontoor Brands
KTB
$4.62B
| $5.39M | ﹤0.01% |
111,114
+1,100
| +1% | +$49.1K |
|
|
MIC
1415
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $5.38M | ﹤0.01% |
169,300
+2,000
| +1% | +$62.7K |
|
|
CUB
1416
DELISTED
Cubic Corporation
CUB
| $5.38M | ﹤0.01% |
72,100
+1,200
| +2% | +$81.9K |
|
1417
First Financial Bancorp
FFBC
$3.62B
| $5.38M | ﹤0.01% |
223,943
+1,900
| +0.9% | +$41.9K |
|
|
UCTT
1418
Ultra Clean Holdings
UCTT
$3.97B
| $5.38M | ﹤0.01% |
92,600
+2,200
| +2% | +$101K |
|
1419
Boise Cascade
BCC
$2.92B
| $5.36M | ﹤0.01% |
89,600
+800
| +0.9% | +$42.2K |
|
|
GOOS
1420
Canada Goose Holdings
GOOS
$849M
| $5.34M | ﹤0.01% |
136,100
+1,500
| +1% | +$59.3K |
|
|
AVYA
1421
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $5.34M | ﹤0.01% |
190,500
+2,900
| +2% | +$77.6K |
|
1422
WaFd
WAFD
$2.82B
| $5.33M | ﹤0.01% |
173,200
+1,600
| +0.9% | +$47.8K |
|
1423
Antero Resources
AR
$11.5B
| $5.32M | ﹤0.01% |
521,800
+3,700
| +0.7% | +$31.3K |
|
1424
Green Dot
GDOT
$768M
| $5.32M | ﹤0.01% |
116,100
+1,500
| +1% | +$78.2K |
|
1425
Renasant Corp
RNST
$4B
| $5.31M | ﹤0.01% |
128,400
+1,100
| +0.9% | +$43.7K |
|
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.