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 | 25.7% |
| 2 | Healthcare | 14.14% |
| 3 | Consumer Discretionary | 13.71% |
| 4 | Communication Services | 10.92% |
| 5 | Industrials | 9.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DENN
1851
DELISTED
Denny's
DENN
| $2.64M | ﹤0.01% |
145,700
+2,800
| +2% | +$47.6K |
|
|
ALEX
1852
DELISTED
Alexander & Baldwin
ALEX
| $2.64M | ﹤0.01% |
157,020
+1,300
| +0.8% | +$22.3K |
|
1853
Huron Consulting
HURN
$2.47B
| $2.63M | ﹤0.01% |
52,300
+500
| +1% | +$27.5K |
|
1854
iHeartMedia
IHRT
$464M
| $2.63M | ﹤0.01% |
145,100
+4,400
| +3% | +$66.4K |
|
1855
Vermilion Energy
VET
$1.72B
| $2.63M | ﹤0.01% |
362,767
+6,500
| +2% | +$40.2K |
|
|
ECHO
1856
EchoStar
ECHO
$26.6B
| $2.63M | ﹤0.01% |
109,600
+1,500
| +1% | +$35.9K |
|
1857
nLIGHT
LASR
$2.9B
| $2.62M | ﹤0.01% |
81,000
+1,900
| +2% | +$67.3K |
|
1858
Griffon
GFF
$4.8B
| $2.61M | ﹤0.01% |
96,200
+1,000
| +1% | +$24.7K |
|
1859
TFS Financial
TFSL
$4.93B
| $2.61M | ﹤0.01% |
128,100
+1,100
| +0.9% | +$21.4K |
|
1860
National Beverage
FIZZ
$2.93B
| $2.61M | ﹤0.01% |
53,300
+500
| +0.9% | +$26K |
|
|
HIBB
1861
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.6M | ﹤0.01% |
37,800
+400
| +1% | +$24.7K |
|
|
DHC
1862
Diversified Healthcare Trust
DHC
$2.03B
| $2.6M | ﹤0.01% |
544,400
+5,200
| +1% | +$23.9K |
|
|
DOYU
1863
DouYu International Holdings
DOYU
$136M
| $2.6M | ﹤0.01% |
24,938
+14,088
| +130% | +$1.91M |
|
1864
Encore Capital Group
ECPG
$2.15B
| $2.6M | ﹤0.01% |
64,500
+800
| +1% | +$28.4K |
|
1865
Oceaneering
OII
$5.11B
| $2.59M | ﹤0.01% |
226,848
+1,900
| +0.8% | +$21.1K |
|
|
VIVO
1866
DELISTED
Meridian Bioscience Inc
VIVO
| $2.59M | ﹤0.01% |
98,500
+1,400
| +1% | +$33.3K |
|
|
RAD
1867
DELISTED
Rite Aid Corporation
RAD
| $2.58M | ﹤0.01% |
126,190
+2,200
| +2% | +$47.7K |
|
1868
Benchmark Electronics
BHE
$2.89B
| $2.58M | ﹤0.01% |
83,400
+1,000
| +1% | +$28.6K |
|
1869
Sprout Social
SPT
$604M
| $2.58M | ﹤0.01% |
44,641
+1,100
| +3% | +$68.9K |
|
1870
Sonic Automotive
SAH
$2.51B
| $2.57M | ﹤0.01% |
51,900
| – | – |
|
1871
uniQure
QURE
$3.26B
| $2.57M | ﹤0.01% |
76,300
+1,000
| +1% | +$35.8K |
|
|
RDUS
1872
DELISTED
Radius Recycling
RDUS
| $2.57M | ﹤0.01% |
61,500
+1,100
| +2% | +$40.1K |
|
|
MTSC
1873
DELISTED
MTS Systems Corp
MTSC
| $2.57M | ﹤0.01% |
44,100
+400
| +0.9% | +$23.4K |
|
1874
Conduent
CNDT
$252M
| $2.55M | ﹤0.01% |
382,554
+4,200
| +1% | +$23.9K |
|
1875
Tompkins Financial
TMP
$1.45B
| $2.54M | ﹤0.01% |
30,700
+300
| +1% | +$23.6K |
|
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 26% 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.