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 | |
|---|---|---|---|---|---|---|
1976
E.W. Scripps
SSP
$314M
| $2.26M | ﹤0.01% |
116,616
| – | – |
|
|
ATRI
1977
DELISTED
Atrion Corp
ATRI
| $2.26M | ﹤0.01% |
3,202
| – | – |
|
1978
Clean Energy Fuels
CLNE
$384M
| $2.26M | ﹤0.01% |
367,958
+36,700
| +11% | +$288K |
|
1979
Metropolitan Bank Holding Corp
MCB
$1.17B
| $2.25M | ﹤0.01% |
+21,100
| New | +$2.01M |
|
|
NXGN
1980
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.23M | ﹤0.01% |
125,500
| – | – |
|
1981
Senseonics Holdings Inc
SENS
$419M
| $2.22M | ﹤0.01% |
41,640
+1,555
| +4% | +$101K |
|
1982
Alpha Metallurgical Resources
AMR
$2.02B
| $2.22M | ﹤0.01% |
+36,400
| New | +$2.02M |
|
1983
Ero Copper
ERO
$3.76B
| $2.22M | ﹤0.01% |
146,000
| – | – |
|
|
ECOL
1984
DELISTED
US Ecology, Inc.
ECOL
| $2.22M | ﹤0.01% |
69,500
| – | – |
|
1985
Hillman Solutions
HLMN
$1.73B
| $2.22M | ﹤0.01% |
+206,400
| New | +$2.22M |
|
|
SCS
1986
DELISTED
Steelcase
SCS
| $2.21M | ﹤0.01% |
189,000
| – | – |
|
|
LAND
1987
Gladstone Land Corp
LAND
$353M
| $2.21M | ﹤0.01% |
+65,500
| New | +$1.76M |
|
1988
TFS Financial
TFSL
$4.89B
| $2.21M | ﹤0.01% |
123,700
| – | – |
|
1989
Yext
YEXT
$574M
| $2.21M | ﹤0.01% |
222,900
| – | – |
|
|
KC
1990
Kingsoft Cloud Holdings
KC
$3.52B
| $2.21M | ﹤0.01% |
140,316
-200
| -0.1% | -$4.3K |
|
|
CCRN
1991
DELISTED
Cross Country Healthcare
CCRN
| $2.21M | ﹤0.01% |
+79,500
| New | +$1.93M |
|
1992
Columbia Financial
CLBK
$1.21B
| $2.21M | ﹤0.01% |
105,788
-2,200
| -2% | -$42.7K |
|
1993
Blink Charging
BLNK
$85.6M
| $2.21M | ﹤0.01% |
83,200
| – | – |
|
1994
Delek US
DK
$4.12B
| $2.2M | ﹤0.01% |
146,991
| – | – |
|
1995
Green Brick Partners
GRBK
$3.02B
| $2.2M | ﹤0.01% |
72,600
| – | – |
|
|
DM
1996
DELISTED
Desktop Metal, Inc.
DM
| $2.19M | ﹤0.01% |
44,320
+10,410
| +31% | +$701K |
|
1997
World Acceptance Corp
WRLD
$884M
| $2.18M | ﹤0.01% |
8,900
-100
| -1% | -$21.7K |
|
1998
CEVA Inc
CEVA
$855M
| $2.18M | ﹤0.01% |
50,400
| – | – |
|
1999
Clearfield
CLFD
$395M
| $2.18M | ﹤0.01% |
+25,800
| New | +$1.62M |
|
2000
Sylvamo
SLVM
$1.53B
| $2.18M | ﹤0.01% |
+78,100
| New | +$2.27M |
|
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.