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 | |
|---|---|---|---|---|---|---|
201
Sempra
SRE
$55.9B
| $147M | 0.1% |
2,218,696
+34,000
| +2% | +$2.11M |
|
202
Cadence Design Systems
CDNS
$90.2B
| $147M | 0.1% |
1,072,642
+19,900
| +2% | +$2.67M |
|
203
Sysco
SYY
$40.3B
| $147M | 0.1% |
1,860,993
+35,600
| +2% | +$2.76M |
|
204
Baidu
BIDU
$35.9B
| $146M | 0.1% |
673,207
-17,987
| -3% | -$4.7M |
|
205
lululemon athletica
LULU
$14.3B
| $146M | 0.1% |
476,077
+8,900
| +2% | +$2.92M |
|
206
SLB Ltd
SLB
$79.7B
| $146M | 0.1% |
5,353,296
+111,800
| +2% | +$2.94M |
|
207
Pinterest
PINS
$13.4B
| $145M | 0.1% |
1,964,700
+217,600
| +12% | +$16.2M |
|
208
Chipotle Mexican Grill
CMG
$40.5B
| $145M | 0.1% |
5,108,150
+85,000
| +2% | +$2.46M |
|
209
Simon Property Group
SPG
$71.2B
| $144M | 0.1% |
1,261,922
+51,200
| +4% | +$5.34M |
|
210
Aptiv
APTV
$10.3B
| $143M | 0.1% |
1,037,896
+18,200
| +2% | +$2.65M |
|
211
Centene
CNC
$32.1B
| $143M | 0.1% |
2,229,697
+41,600
| +2% | +$2.58M |
|
212
IQVIA
IQV
$40.1B
| $142M | 0.09% |
737,175
+14,600
| +2% | +$2.74M |
|
|
DOCU
213
DocuSign
DOCU
$11.3B
| $142M | 0.09% |
702,717
+44,000
| +7% | +$10.2M |
|
|
INFO
214
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $141M | 0.09% |
1,455,412
+32,000
| +2% | +$2.93M |
|
215
Prudential Financial
PRU
$42.2B
| $139M | 0.09% |
1,522,954
+31,400
| +2% | +$2.69M |
|
216
Monster Beverage
MNST
$89.2B
| $139M | 0.09% |
6,090,944
+116,800
| +2% | +$2.62M |
|
217
Phillips 66
PSX
$89.5B
| $137M | 0.09% |
1,678,630
+29,700
| +2% | +$2.33M |
|
218
Roku
ROKU
$22.4B
| $137M | 0.09% |
419,174
+19,300
| +5% | +$7.56M |
|
219
PPG Industries
PPG
$25.8B
| $136M | 0.09% |
908,347
+17,200
| +2% | +$2.46M |
|
220
Veeva Systems
VEEV
$38.4B
| $136M | 0.09% |
521,956
+11,900
| +2% | +$3.32M |
|
221
Broadridge
BR
$19.5B
| $134M | 0.09% |
876,989
-18,800
| -2% | -$2.78M |
|
222
Wheaton Precious Metals
WPM
$61B
| $134M | 0.09% |
3,514,000
-87,600
| -2% | -$3.48M |
|
223
Marathon Petroleum
MPC
$94.5B
| $134M | 0.09% |
2,501,011
+41,700
| +2% | +$2.11M |
|
224
Corteva
CTVA
$50.9B
| $134M | 0.09% |
2,865,103
+38,500
| +1% | +$1.7M |
|
225
Carrier Global
CARR
$52.4B
| $134M | 0.09% |
3,163,508
+56,300
| +2% | +$2.19M |
|
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.