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 | |
|---|---|---|---|---|---|---|
1676
MYR Group
MYRG
$5.18B
| $3.69M | ﹤0.01% |
37,100
+200
| +0.5% | +$19.7K |
|
|
ONEM
1677
DELISTED
1Life Healthcare
ONEM
| $3.69M | ﹤0.01% |
182,200
+1,200
| +0.7% | +$30.8K |
|
|
ILPT
1678
Industrial Logistics Properties Trust
ILPT
$611M
| $3.66M | ﹤0.01% |
143,947
| – | – |
|
1679
Lindsay Corp
LNN
$1.16B
| $3.66M | ﹤0.01% |
24,100
+200
| +0.8% | +$32.3K |
|
1680
Strategic Education
STRA
$1.82B
| $3.65M | ﹤0.01% |
51,738
+600
| +1% | +$44.7K |
|
1681
Horace Mann Educators
HMN
$2.09B
| $3.63M | ﹤0.01% |
91,300
| – | – |
|
1682
Tanger
SKT
$4.44B
| $3.63M | ﹤0.01% |
222,700
+16,500
| +8% | +$287K |
|
1683
StepStone Group
STEP
$4.07B
| $3.61M | ﹤0.01% |
84,700
| – | – |
|
1684
Greif
GEF
$5.07B
| $3.58M | ﹤0.01% |
55,500
| – | – |
|
1685
Methode Electronics
MEI
$608M
| $3.57M | ﹤0.01% |
85,000
+2,300
| +3% | +$105K |
|
|
ADAM
1686
Adamas Trust
ADAM
$917M
| $3.57M | ﹤0.01% |
209,455
+1,300
| +0.6% | +$22.6K |
|
1687
OSI Systems
OSIS
$3.79B
| $3.56M | ﹤0.01% |
37,600
| – | – |
|
|
NARI
1688
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $3.56M | ﹤0.01% |
43,900
+1,000
| +2% | +$84K |
|
1689
Kymera Therapeutics
KYMR
$9.5B
| $3.55M | ﹤0.01% |
60,500
+35,800
| +145% | +$2.08M |
|
1690
Pathward Financial
CASH
$1.8B
| $3.54M | ﹤0.01% |
67,500
| – | – |
|
1691
Camping World
CWH
$664M
| $3.54M | ﹤0.01% |
91,100
+4,300
| +5% | +$169K |
|
1692
HNI Corp
HNI
$3.55B
| $3.53M | ﹤0.01% |
96,200
+2,000
| +2% | +$77.4K |
|
1693
Northwest Bancshares
NWBI
$2.31B
| $3.53M | ﹤0.01% |
266,000
| – | – |
|
1694
Bally's
BALY
$670M
| $3.53M | ﹤0.01% |
70,425
-500
| -0.7% | -$24.4K |
|
1695
OR Royalties Inc
OR
$6.16B
| $3.52M | ﹤0.01% |
314,630
| – | – |
|
1696
NovaGold Resources
NG
$3.4B
| $3.51M | ﹤0.01% |
513,000
| – | – |
|
1697
BGC Group
BGC
$5.12B
| $3.51M | ﹤0.01% |
673,208
+32,400
| +5% | +$172K |
|
|
CSGS
1698
DELISTED
CSG Systems International
CSGS
| $3.5M | ﹤0.01% |
72,700
+700
| +1% | +$32.8K |
|
1699
Opko Health
OPK
$1.04B
| $3.5M | ﹤0.01% |
960,000
| – | – |
|
1700
Coeur Mining
CDE
$18.9B
| $3.49M | ﹤0.01% |
566,200
+29,300
| +5% | +$208K |
|
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.