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 | |
|---|---|---|---|---|---|---|
|
FOLD
1426
DELISTED
Amicus Therapeutics
FOLD
| $5.29M | ﹤0.01% |
535,900
+9,300
| +2% | +$144K |
|
1427
Federal Signal
FSS
$7.59B
| $5.29M | ﹤0.01% |
138,200
+1,700
| +1% | +$61.5K |
|
1428
Shenandoah Telecom
SHEN
$738M
| $5.29M | ﹤0.01% |
108,272
+1,000
| +0.9% | +$45.8K |
|
1429
Champion Homes
SKY
$5.18B
| $5.27M | ﹤0.01% |
116,500
+900
| +0.8% | +$36.2K |
|
1430
Trupanion
TRUP
$1.36B
| $5.27M | ﹤0.01% |
69,110
+1,300
| +2% | +$133K |
|
1431
AppFolio
APPF
$7.12B
| $5.26M | ﹤0.01% |
37,200
+3,100
| +9% | +$481K |
|
1432
Adeia
ADEA
$3.26B
| $5.26M | ﹤0.01% |
913,044
-13,986
| -2% | -$80.7K |
|
1433
Fiverr
FVRR
$320M
| $5.26M | ﹤0.01% |
24,200
+200
| +0.8% | +$49K |
|
1434
Cinemark Holdings
CNK
$4.3B
| $5.24M | ﹤0.01% |
256,500
+3,500
| +1% | +$73.8K |
|
1435
Myriad Genetics
MYGN
$300M
| $5.23M | ﹤0.01% |
171,800
+2,800
| +2% | +$79.5K |
|
1436
Vroom Inc
VRM
$54M
| $5.22M | ﹤0.01% |
1,675
+571
| +52% | +$1.85M |
|
1437
APi Group
APG
$18.9B
| $5.21M | ﹤0.01% |
378,300
+5,100
| +1% | +$64K |
|
1438
GrowGeneration
GRWG
$104M
| $5.21M | ﹤0.01% |
104,900
+1,200
| +1% | +$59.9K |
|
|
ODP
1439
DELISTED
ODP
ODP
| $5.21M | ﹤0.01% |
120,389
+1,100
| +0.9% | +$46K |
|
1440
Evertec
EVTC
$1.91B
| $5.2M | ﹤0.01% |
139,574
+1,100
| +0.8% | +$41.4K |
|
|
EGOV
1441
DELISTED
NIC Inc
EGOV
| $5.2M | ﹤0.01% |
153,100
+1,300
| +0.9% | +$41K |
|
1442
Sally Beauty Holdings
SBH
$1.55B
| $5.19M | ﹤0.01% |
257,800
+2,000
| +0.8% | +$33.5K |
|
|
SJI
1443
DELISTED
South Jersey Industries, Inc.
SJI
| $5.19M | ﹤0.01% |
229,809
+2,400
| +1% | +$56.8K |
|
|
GBT
1444
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $5.18M | ﹤0.01% |
127,100
+2,200
| +2% | +$101K |
|
1445
Graham Holdings Company
GHC
$4.98B
| $5.17M | ﹤0.01% |
9,200
-200
| -2% | -$116K |
|
1446
HUB Group
HUBG
$2.54B
| $5.15M | ﹤0.01% |
153,200
+1,200
| +0.8% | +$36K |
|
|
MDLA
1447
DELISTED
Medallia, Inc.
MDLA
| $5.15M | ﹤0.01% |
184,800
+9,300
| +5% | +$345K |
|
|
RPAI
1448
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $5.13M | ﹤0.01% |
489,474
+4,200
| +0.9% | +$42.9K |
|
1449
Hilltop Holdings
HTH
$2.28B
| $5.13M | ﹤0.01% |
150,200
+1,600
| +1% | +$52.5K |
|
1450
Medifast
MED
$129M
| $5.13M | ﹤0.01% |
24,200
+200
| +0.8% | +$47.9K |
|
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.