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 |
Snowflake
SNOW
|
+$187M |
| 2 |
Amazon
AMZN
|
+$170M |
| 3 |
Analog Devices
ADI
|
+$104M |
| 4 |
Palantir
PLTR
|
+$95.7M |
| 5 |
Tesla
TSLA
|
+$75.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$364M |
| 2 |
Microsoft
MSFT
|
+$269M |
| 3 |
L3Harris
LHX
|
+$185M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$166M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.73% |
| 2 | Healthcare | 14.18% |
| 3 | Consumer Discretionary | 13.57% |
| 4 | Communication Services | 11.56% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Graham Holdings Company
GHC
$4.97B
| $5.24M | ﹤0.01% |
8,900
| – | – |
|
1427
Virtus Investment Partners
VRTS
$1.14B
| $5.24M | ﹤0.01% |
16,900
+100
| +0.6% | +$29.7K |
|
1428
Kadant
KAI
$3.91B
| $5.22M | ﹤0.01% |
25,600
+200
| +0.8% | +$39.4K |
|
1429
Opendoor
OPEN
$3.54B
| $5.22M | ﹤0.01% |
262,983
| – | – |
|
1430
Triumph Financial Inc
TFIN
$1.87B
| $5.22M | ﹤0.01% |
52,100
| – | – |
|
1431
PTC Therapeutics
PTCT
$6.01B
| $5.22M | ﹤0.01% |
140,165
+700
| +0.5% | +$28.8K |
|
|
FLNA
1432
Filana Therapeutics
FLNA
$45.7M
| $5.21M | ﹤0.01% |
84,000
+2,300
| +3% | +$192K |
|
1433
Minerals Technologies
MTX
$2.26B
| $5.21M | ﹤0.01% |
74,600
| – | – |
|
1434
Albany International
AIN
$1.82B
| $5.2M | ﹤0.01% |
67,700
| – | – |
|
1435
Clearway Energy Class C
CWEN
$7.02B
| $5.2M | ﹤0.01% |
171,650
+900
| +0.5% | +$26.8K |
|
1436
Arbor Realty Trust
ABR
$981M
| $5.17M | ﹤0.01% |
279,251
+19,800
| +8% | +$358K |
|
1437
Abercrombie & Fitch
ANF
$4.84B
| $5.17M | ﹤0.01% |
137,500
| – | – |
|
|
SAGE
1438
DELISTED
Sage Therapeutics
SAGE
| $5.15M | ﹤0.01% |
116,300
+500
| +0.4% | +$22.9K |
|
1439
Federal Signal
FSS
$7.51B
| $5.15M | ﹤0.01% |
133,400
| – | – |
|
1440
National Health Investors
NHI
$3.5B
| $5.15M | ﹤0.01% |
96,220
+1,600
| +2% | +$100K |
|
|
VSTO
1441
DELISTED
Vista Outdoor Inc.
VSTO
| $5.14M | ﹤0.01% |
127,600
-1,000
| -0.8% | -$41.2K |
|
1442
HUB Group
HUBG
$2.55B
| $5.13M | ﹤0.01% |
149,200
+1,200
| +0.8% | +$40.3K |
|
1443
Ligand Pharmaceuticals
LGND
$5.76B
| $5.13M | ﹤0.01% |
58,990
+320
| +0.5% | +$24.8K |
|
1444
John Wiley & Sons Class A
WLY
$2.63B
| $5.12M | ﹤0.01% |
98,100
-200
| -0.2% | -$11.5K |
|
1445
Otter Tail
OTTR
$3.9B
| $5.12M | ﹤0.01% |
91,500
| – | – |
|
1446
J&J Snack Foods
JJSF
$1.7B
| $5.12M | ﹤0.01% |
33,500
| – | – |
|
1447
JELD-WEN Holding
JELD
$170M
| $5.1M | ﹤0.01% |
203,600
+48,000
| +31% | +$1.28M |
|
1448
Winnebago Industries
WGO
$921M
| $5.09M | ﹤0.01% |
70,300
| – | – |
|
1449
WesBanco
WSBC
$4.1B
| $5.07M | ﹤0.01% |
148,745
+500
| +0.3% | +$16.6K |
|
|
BDN
1450
Brandywine Realty Trust
BDN
$542M
| $5.07M | ﹤0.01% |
377,600
+1,500
| +0.4% | +$20.6K |
|
Similar funds
Swiss National Bank's Q3 2021 Portfolio in Review
As of Q3 2021, Swiss National Bank held 2,649 positions worth $157B, down 3% from $162B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q3 2021: portfolio turnover was 1.3%. Swiss National Bank opened 7 new positions and exited 28, leaving the 2,649-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q3 2021 buy was DoorDash: 291,100 shares worth $60M.
- Swiss National Bank added most to Snowflake in Q3 2021, an estimated $187M increase.
- Swiss National Bank's biggest Q3 2021 reduction was Apple, cutting an estimated $364M.
- Swiss National Bank fully exited L3Harris in Q3 2021, selling an estimated $185M.
- Swiss National Bank's ten largest holdings make up 26% of its $157B portfolio in Q3 2021.
- Swiss National Bank opened 7 new positions and closed 28 in Q3 2021.
- Swiss National Bank's portfolio value fell 3% quarter-over-quarter to $157B.
Based on Swiss National Bank's 13F filing for Q3 2021, filed 8 Nov 2021.