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 | |
|---|---|---|---|---|---|---|
|
PGTI
1901
DELISTED
PGT, Inc.
PGTI
| $2.51M | ﹤0.01% |
131,600
+1,600
| +1% | +$34.2K |
|
1902
Liberty Energy
LBRT
$3.52B
| $2.5M | ﹤0.01% |
206,500
+6,400
| +3% | +$70.9K |
|
|
IMGN
1903
DELISTED
Immunogen Inc
IMGN
| $2.5M | ﹤0.01% |
441,800
+13,400
| +3% | +$77.4K |
|
|
RDUS
1904
DELISTED
Radius Recycling
RDUS
| $2.5M | ﹤0.01% |
57,100
| – | – |
|
|
HEES
1905
DELISTED
H&E Equipment Services
HEES
| $2.48M | ﹤0.01% |
71,600
| – | – |
|
1906
Usana Health Sciences
USNA
$250M
| $2.48M | ﹤0.01% |
26,900
-900
| -3% | -$86.6K |
|
|
SAND
1907
DELISTED
Sandstorm Gold
SAND
| $2.47M | ﹤0.01% |
431,862
| – | – |
|
1908
Employers Holdings
EIG
$864M
| $2.47M | ﹤0.01% |
62,600
| – | – |
|
|
DNMR
1909
DELISTED
Danimer Scientific, Inc.
DNMR
| $2.47M | ﹤0.01% |
3,780
-115
| -3% | -$84.6K |
|
1910
Conduent
CNDT
$241M
| $2.46M | ﹤0.01% |
374,054
| – | – |
|
1911
Veeco
VECO
$3.26B
| $2.46M | ﹤0.01% |
110,821
+1,200
| +1% | +$26.7K |
|
1912
GoPro
GPRO
$106M
| $2.46M | ﹤0.01% |
262,600
+5,800
| +2% | +$58.6K |
|
1913
AdvanSix
ASIX
$427M
| $2.46M | ﹤0.01% |
61,800
| – | – |
|
1914
Grid Dynamics Holdings
GDYN
$632M
| $2.46M | ﹤0.01% |
84,100
+24,800
| +42% | +$606K |
|
1915
Chefs' Warehouse
CHEF
$4.53B
| $2.46M | ﹤0.01% |
75,400
+2,000
| +3% | +$58.6K |
|
|
TEN
1916
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $2.45M | ﹤0.01% |
172,000
+47,700
| +38% | +$769K |
|
|
AMWD
1917
DELISTED
American Woodmark
AMWD
| $2.45M | ﹤0.01% |
37,500
| – | – |
|
1918
StoneX
SNEX
$8.37B
| $2.45M | ﹤0.01% |
188,325
+2,025
| +1% | +$26K |
|
|
EVOP
1919
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $2.45M | ﹤0.01% |
103,500
+1,200
| +1% | +$31.9K |
|
|
PING
1920
DELISTED
Ping Identity Holding Corp.
PING
| $2.45M | ﹤0.01% |
99,700
+1,100
| +1% | +$26.7K |
|
|
GTY
1921
Getty Realty Corp
GTY
$2.04B
| $2.44M | ﹤0.01% |
83,409
+1,400
| +2% | +$43.7K |
|
1922
uniQure
QURE
$3.13B
| $2.44M | ﹤0.01% |
76,300
+2,700
| +4% | +$82.3K |
|
1923
Smith & Wesson
SWBI
$636M
| $2.44M | ﹤0.01% |
117,650
-5,700
| -5% | -$137K |
|
1924
Varex Imaging
VREX
$778M
| $2.44M | ﹤0.01% |
86,440
| – | – |
|
|
SGMO
1925
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $2.43M | ﹤0.01% |
270,160
+1,800
| +0.7% | +$17.8K |
|
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.