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 |
Rivian
RIVN
|
+$75.6M |
| 2 |
Sea Limited
SE
|
+$74.9M |
| 3 |
Airbnb
ABNB
|
+$70.2M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$64.7M |
| 5 |
VMW
VMware, Inc
VMW
|
+$61.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$498M |
| 2 |
Microsoft
MSFT
|
+$375M |
| 3 |
Amazon
AMZN
|
+$213M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$162M |
| 5 |
JD.com
JD
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.19% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1826
MarineMax
HZO
$1.15B
| $2.83M | ﹤0.01% |
47,900
-900
| -2% | -$48.2K |
|
1827
Establishment Labs
ESTA
$2.25B
| $2.83M | ﹤0.01% |
41,800
| – | – |
|
1828
Porch Group
PRCH
$1.83B
| $2.82M | ﹤0.01% |
180,700
| – | – |
|
1829
Safety Insurance
SAFT
$1.52B
| $2.81M | ﹤0.01% |
33,100
| – | – |
|
1830
TriCo Bancshares
TCBK
$1.84B
| $2.81M | ﹤0.01% |
65,500
| – | – |
|
|
SAFE
1831
DELISTED
Safehold Inc.
SAFE
| $2.81M | ﹤0.01% |
35,200
| – | – |
|
|
FARO
1832
DELISTED
Faro Technologies
FARO
| $2.81M | ﹤0.01% |
40,100
| – | – |
|
1833
BancFirst
BANF
$3.89B
| $2.79M | ﹤0.01% |
39,618
| – | – |
|
1834
Alpha and Omega Semiconductor
AOSL
$916M
| $2.79M | ﹤0.01% |
46,100
| – | – |
|
1835
Buckle
BKE
$2.33B
| $2.79M | ﹤0.01% |
66,000
| – | – |
|
|
BRKL
1836
DELISTED
Brookline Bancorp
BRKL
| $2.79M | ﹤0.01% |
172,200
| – | – |
|
1837
City Holding Co
CHCO
$2.08B
| $2.77M | ﹤0.01% |
33,800
-900
| -3% | -$72.2K |
|
|
FRG
1838
DELISTED
Franchise Group, Inc.
FRG
| $2.76M | ﹤0.01% |
53,000
| – | – |
|
1839
C3.ai
AI
$1.58B
| $2.76M | ﹤0.01% |
88,400
| – | – |
|
1840
PBF Energy
PBF
$8.81B
| $2.75M | ﹤0.01% |
211,800
| – | – |
|
1841
Anavex Life Sciences
AVXL
$316M
| $2.74M | ﹤0.01% |
158,200
+11,600
| +8% | +$220K |
|
1842
Northern Oil and Gas
NOG
$2.61B
| $2.74M | ﹤0.01% |
133,300
+33,500
| +34% | +$749K |
|
|
EB
1843
DELISTED
Eventbrite
EB
| $2.74M | ﹤0.01% |
157,200
| – | – |
|
1844
Bally's
BALY
$671M
| $2.73M | ﹤0.01% |
71,825
+1,400
| +2% | +$61.2K |
|
1845
Kenon Holdings
KEN
$3.55B
| $2.73M | ﹤0.01% |
53,611
| – | – |
|
1846
S&T Bancorp
STBA
$1.82B
| $2.73M | ﹤0.01% |
86,600
| – | – |
|
1847
Xenon Pharmaceuticals
XENE
$6.31B
| $2.73M | ﹤0.01% |
87,400
+24,000
| +38% | +$717K |
|
1848
Dine Brands
DIN
$462M
| $2.73M | ﹤0.01% |
36,000
| – | – |
|
1849
Varex Imaging
VREX
$780M
| $2.73M | ﹤0.01% |
86,440
| – | – |
|
1850
GoPro
GPRO
$117M
| $2.73M | ﹤0.01% |
264,300
+1,700
| +0.6% | +$16.9K |
|
Similar funds
Swiss National Bank's Q4 2021 Portfolio in Review
As of Q4 2021, Swiss National Bank held 2,800 positions worth $166B, up 5.6% from $157B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Swiss National Bank withdrew a net $5.92B in Q4 2021, closing 81 positions and reducing 1,244 holdings. Its most notable exit was JD.com, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Swiss National Bank opened a new position in Rivian worth $68M.
- Swiss National Bank's largest Q4 2021 buy was Rivian: 656,100 shares worth $68M.
- Swiss National Bank added most to Sea Limited in Q4 2021, an estimated $74.9M increase.
- Swiss National Bank's biggest Q4 2021 reduction was Apple, cutting an estimated $498M.
- Swiss National Bank fully exited JD.com in Q4 2021, selling an estimated $154M.
- Swiss National Bank's ten largest holdings make up 27% of its $166B portfolio in Q4 2021.
- Swiss National Bank opened 178 new positions and closed 81 in Q4 2021.
- Swiss National Bank's portfolio value rose 5.6% quarter-over-quarter to $166B.
Based on Swiss National Bank's 13F filing for Q4 2021, filed 8 Feb 2022.