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 |
Apple
AAPL
|
+$370M |
| 2 |
Amazon
AMZN
|
+$349M |
| 3 |
Microsoft
MSFT
|
+$336M |
| 4 |
Meta Platforms (Facebook)
META
|
+$181M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.07B |
| 2 |
Newmont
NEM
|
+$149M |
| 3 |
Waste Management
WM
|
+$122M |
| 4 |
McDonald's
MCD
|
+$113M |
| 5 |
Eli Lilly
LLY
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.15% |
| 2 | Healthcare | 14.17% |
| 3 | Consumer Discretionary | 13.27% |
| 4 | Communication Services | 11.59% |
| 5 | Industrials | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
E.W. Scripps
SSP
$310M
| $2.35M | ﹤0.01% |
115,216
+3,800
| +3% | +$79.6K |
|
|
CVGW
2002
DELISTED
Calavo Growers
CVGW
| $2.35M | ﹤0.01% |
37,000
-1,300
| -3% | -$95.5K |
|
|
GOEV
2003
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $2.34M | ﹤0.01% |
+512
| New | +$2.07M |
|
|
ECHO
2004
EchoStar
ECHO
$26.6B
| $2.34M | ﹤0.01% |
96,300
-13,300
| -12% | -$341K |
|
2005
Zumiez
ZUMZ
$319M
| $2.34M | ﹤0.01% |
47,700
+1,200
| +3% | +$53.9K |
|
2006
Chefs' Warehouse
CHEF
$4.57B
| $2.34M | ﹤0.01% |
73,400
| – | – |
|
|
PFC
2007
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.34M | ﹤0.01% |
82,215
-3,000
| -4% | -$93K |
|
2008
Apogee Enterprises
APOG
$888M
| $2.33M | ﹤0.01% |
57,300
| – | – |
|
2009
Groupon
GRPN
$894M
| $2.33M | ﹤0.01% |
54,078
-1,900
| -3% | -$89.4K |
|
|
QADA
2010
DELISTED
QAD Inc.
QADA
| $2.33M | ﹤0.01% |
26,800
-1,000
| -4% | -$73K |
|
|
RPT
2011
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.32M | ﹤0.01% |
179,000
-6,000
| -3% | -$76.2K |
|
2012
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $2.32M | ﹤0.01% |
83,629
+6,100
| +8% | +$167K |
|
2013
CEVA Inc
CEVA
$855M
| $2.32M | ﹤0.01% |
49,000
-1,900
| -4% | -$93.7K |
|
|
DENN
2014
DELISTED
Denny's
DENN
| $2.32M | ﹤0.01% |
140,600
-5,100
| -4% | -$89.2K |
|
2015
Varex Imaging
VREX
$780M
| $2.32M | ﹤0.01% |
86,440
-2,200
| -2% | -$53.9K |
|
2016
Gates Industrial Corporation Ltd.
GTES
$7B
| $2.32M | ﹤0.01% |
128,200
-4,700
| -4% | -$82.2K |
|
2017
Upland Software
UPLD
$17.9M
| $2.31M | ﹤0.01% |
5,620
-100
| -2% | -$44K |
|
2018
Gaotu Techedu
GOTU
$401M
| $2.31M | ﹤0.01% |
156,600
+47,800
| +44% | +$1.07M |
|
2019
DNOW Inc
DNOW
$2.95B
| $2.3M | ﹤0.01% |
242,400
-7,500
| -3% | -$77.4K |
|
2020
Benchmark Electronics
BHE
$2.89B
| $2.29M | ﹤0.01% |
80,400
-3,000
| -4% | -$90.5K |
|
2021
Caleres
CAL
$461M
| $2.28M | ﹤0.01% |
+83,600
| New | +$2.1M |
|
2022
Fortuna Silver Mines
FSM
$3.1B
| $2.28M | ﹤0.01% |
407,500
-12,600
| -3% | -$83.4K |
|
|
MORF
2023
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $2.27M | ﹤0.01% |
39,600
-5,700
| -13% | -$314K |
|
|
TVTY
2024
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $2.27M | ﹤0.01% |
86,375
+8,600
| +11% | +$216K |
|
|
CSR
2025
Centerspace
CSR
$939M
| $2.27M | ﹤0.01% |
28,800
-900
| -3% | -$64.8K |
|
Similar funds
Swiss National Bank's Q2 2021 Portfolio in Review
As of Q2 2021, Swiss National Bank held 2,687 positions worth $162B, up 8.1% from $150B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Swiss National Bank's Q2 2021 filing shows 205 new, 908 increased, 1,482 reduced and 45 closed positions. Its largest new stake was Lyft: 1,044,300 shares worth $63.2M. The largest sale was Alibaba, an estimated $1.07B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2021 buy was Lyft: 1,044,300 shares worth $63.2M.
- Swiss National Bank added most to Apple in Q2 2021, an estimated $370M increase.
- Swiss National Bank's biggest Q2 2021 reduction was Newmont, cutting an estimated $149M.
- Swiss National Bank fully exited Alibaba in Q2 2021, selling an estimated $1.07B.
- Swiss National Bank's ten largest holdings make up 25% of its $162B portfolio in Q2 2021.
- Swiss National Bank opened 205 new positions and closed 45 in Q2 2021.
- Swiss National Bank's portfolio value rose 8.1% quarter-over-quarter to $162B.
Based on Swiss National Bank's 13F filing for Q2 2021, filed 6 Aug 2021.