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 | |
|---|---|---|---|---|---|---|
|
RTL
2076
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.93M | ﹤0.01% |
239,860
| – | – |
|
2077
Allegiant Air
ALGT
$2.31B
| $1.92M | ﹤0.01% |
9,828
+800
| +9% | +$153K |
|
2078
Zumiez
ZUMZ
$318M
| $1.92M | ﹤0.01% |
48,300
+600
| +1% | +$25.6K |
|
2079
Cars.com
CARS
$648M
| $1.92M | ﹤0.01% |
151,600
+3,000
| +2% | +$38K |
|
2080
Artivion
AORT
$1.4B
| $1.92M | ﹤0.01% |
85,900
| – | – |
|
2081
Tactile Systems Technology
TCMD
$555M
| $1.91M | ﹤0.01% |
43,000
| – | – |
|
2082
Angi Inc
ANGI
$176M
| $1.91M | ﹤0.01% |
15,480
+830
| +6% | +$95.4K |
|
|
EFC
2083
Ellington Financial
EFC
$1.76B
| $1.91M | ﹤0.01% |
104,200
+7,700
| +8% | +$141K |
|
|
HSII
2084
DELISTED
Heidrick & Struggles
HSII
| $1.91M | ﹤0.01% |
42,700
| – | – |
|
2085
Photronics
PLAB
$1.97B
| $1.91M | ﹤0.01% |
139,800
| – | – |
|
2086
Parsons
PSN
$5.16B
| $1.9M | ﹤0.01% |
56,400
| – | – |
|
2087
AudioCodes
AUDC
$257M
| $1.9M | ﹤0.01% |
58,406
| – | – |
|
2088
MGP Ingredients
MGPI
$381M
| $1.9M | ﹤0.01% |
29,200
-600
| -2% | -$38.5K |
|
|
XENT
2089
DELISTED
Intersect ENT, Inc
XENT
| $1.89M | ﹤0.01% |
69,600
+1,100
| +2% | +$27.2K |
|
2090
Designer Brands
DBI
$311M
| $1.89M | ﹤0.01% |
135,400
| – | – |
|
2091
Gogo Inc
GOGO
$383M
| $1.89M | ﹤0.01% |
109,000
+15,000
| +16% | +$182K |
|
2092
Caleres
CAL
$455M
| $1.88M | ﹤0.01% |
84,700
+1,100
| +1% | +$26.5K |
|
2093
Upland Software
UPLD
$14.9M
| $1.88M | ﹤0.01% |
5,620
| – | – |
|
|
FRG
2094
DELISTED
Franchise Group, Inc.
FRG
| $1.88M | ﹤0.01% |
53,000
| – | – |
|
|
XRN
2095
Chiron Real Estate Inc
XRN
$480M
| $1.88M | ﹤0.01% |
25,520
+540
| +2% | +$41.1K |
|
2096
Workhorse Group
WKHS
$33.7M
| $1.88M | ﹤0.01% |
82
+2
| +3% | +$60.5K |
|
|
NTUS
2097
DELISTED
Natus Medical Inc
NTUS
| $1.87M | ﹤0.01% |
74,700
| – | – |
|
|
KYNB
2098
Kyntra Bio
KYNB
$28.7M
| $1.87M | ﹤0.01% |
7,328
+108
| +1% | +$38.3K |
|
|
HNGR
2099
DELISTED
Hanger Inc.
HNGR
| $1.87M | ﹤0.01% |
85,200
+1,200
| +1% | +$27.8K |
|
|
LOVE
2100
LoveSac
LOVE
$253M
| $1.87M | ﹤0.01% |
28,300
+800
| +3% | +$50.1K |
|
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.