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 | |
|---|---|---|---|---|---|---|
1451
Strategic Education
STRA
$1.83B
| $5.12M | ﹤0.01% |
55,738
+600
| +1% | +$53.8K |
|
1452
World Kinect Corp
WKC
$1.9B
| $5.1M | ﹤0.01% |
145,000
+1,500
| +1% | +$50.9K |
|
1453
CareTrust REIT
CTRE
$9.15B
| $5.09M | ﹤0.01% |
218,749
+1,800
| +0.8% | +$41.3K |
|
1454
Allogene Therapeutics
ALLO
$687M
| $5.09M | ﹤0.01% |
144,200
+2,500
| +2% | +$84.3K |
|
1455
Xencor
XNCR
$1.69B
| $5.09M | ﹤0.01% |
118,200
+1,900
| +2% | +$90K |
|
1456
Helios Technologies
HLIO
$2.75B
| $5.08M | ﹤0.01% |
69,700
+600
| +0.9% | +$38.4K |
|
|
VRN
1457
DELISTED
Veren
VRN
| $5.07M | ﹤0.01% |
1,216,600
+10,300
| +0.9% | +$36.4K |
|
|
XHR
1458
Xenia Hotels & Resorts
XHR
$1.78B
| $5.07M | ﹤0.01% |
259,880
+2,700
| +1% | +$47.7K |
|
1459
Rambus
RMBS
$10.8B
| $5.06M | ﹤0.01% |
260,300
+3,600
| +1% | +$72.3K |
|
1460
Telephone and Data Systems
TDS
$4.05B
| $5.05M | ﹤0.01% |
220,100
+2,300
| +1% | +$47K |
|
1461
Prestige Consumer Healthcare
PBH
$2.4B
| $5.05M | ﹤0.01% |
114,500
+1,000
| +0.9% | +$42K |
|
1462
Towne Bank
TOWN
$3.5B
| $5.04M | ﹤0.01% |
165,915
+1,300
| +0.8% | +$36.1K |
|
1463
Red Rock Resorts
RRR
$3.72B
| $5.04M | ﹤0.01% |
154,500
+1,300
| +0.8% | +$37.6K |
|
|
BDN
1464
Brandywine Realty Trust
BDN
$541M
| $5.03M | ﹤0.01% |
389,800
+3,400
| +0.9% | +$41.5K |
|
1465
Coeur Mining
CDE
$19.7B
| $5.03M | ﹤0.01% |
556,900
+4,900
| +0.9% | +$45.5K |
|
1466
O-I Glass
OI
$1.04B
| $5.03M | ﹤0.01% |
341,124
+4,000
| +1% | +$51.5K |
|
|
LNW
1467
DELISTED
Light & Wonder
LNW
| $5.03M | ﹤0.01% |
130,500
+2,000
| +2% | +$89.6K |
|
1468
Monro
MNRO
$351M
| $5.01M | ﹤0.01% |
76,142
+700
| +0.9% | +$43.8K |
|
|
PDM
1469
Piedmont Realty Trust
PDM
$1.2B
| $5M | ﹤0.01% |
288,000
+2,600
| +0.9% | +$43.9K |
|
|
WBT
1470
DELISTED
Welbilt, Inc.
WBT
| $4.99M | ﹤0.01% |
307,200
+2,500
| +0.8% | +$37.6K |
|
1471
Clearway Energy Class C
CWEN
$7.12B
| $4.98M | ﹤0.01% |
176,950
+3,800
| +2% | +$117K |
|
1472
Pediatrix Medical
MD
$2.15B
| $4.98M | ﹤0.01% |
195,500
+1,900
| +1% | +$48.7K |
|
1473
NovaGold Resources
NG
$3.55B
| $4.96M | ﹤0.01% |
569,300
+6,700
| +1% | +$61.1K |
|
|
MGLN
1474
DELISTED
Magellan Health Services, Inc.
MGLN
| $4.91M | ﹤0.01% |
52,700
+1,200
| +2% | +$112K |
|
1475
Vericel Corp
VCEL
$2.25B
| $4.91M | ﹤0.01% |
88,300
+1,300
| +1% | +$58.8K |
|
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.