Swiss National Bank Reduces Stake in Watsco, Inc.

The investment firm sold 4,800 shares of the construction company's stock in the third quarter.

Mar. 13, 2026 at 2:55pm

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Swiss National Bank, a major institutional investor, reduced its stake in Watsco, Inc. (NYSE:WSO) by 4.6% in the third quarter. The fund now owns 100,644 shares of the construction company's stock, valued at $40.69 million as of its most recent SEC filing.

Why it matters

Watsco is a leading distributor of heating, ventilation, air conditioning, and refrigeration (HVAC/R) equipment in the United States. Changes in ownership by major institutional investors like Swiss National Bank can signal shifts in market sentiment and influence the company's stock price and trading volume.

The details

According to the report, Swiss National Bank sold 4,800 shares of Watsco stock during the third quarter. The fund now holds a total of 100,644 shares, down from 105,444 shares previously. Watsco's stock price has fluctuated in recent months, trading between a 52-week low of $323.05 and a high of $521.70.

  • Swiss National Bank reported the stake reduction in its third quarter 13F filing with the SEC.

The players

Swiss National Bank

The central bank of Switzerland and one of the world's largest sovereign wealth funds, with over $1 trillion in assets under management.

Watsco, Inc.

A leading distributor of HVAC/R equipment, parts, and supplies in the United States, with over 600 branches across the country.

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The takeaway

The reduction in Swiss National Bank's Watsco holdings reflects broader market trends and investor sentiment around the construction and HVAC/R industries. As a major institutional investor, Swiss National Bank's moves can influence the stock's performance and signal potential opportunities or risks for other investors.