Swiss National Bank Reduces Holdings in Air Products and Chemicals

The fund decreased its position in the basic materials company by 4.7% in the third quarter.

Published on Mar. 10, 2026

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According to a recent 13F filing, Swiss National Bank decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.7% in the third quarter. The fund owned 641,500 shares of the basic materials company's stock, valued at $174,950,000 at the end of the quarter.

Why it matters

This filing provides insight into the investment decisions of one of the world's largest sovereign wealth funds, the Swiss National Bank. Changes in the fund's holdings can signal broader trends in the market and investor sentiment around particular companies or sectors.

The details

Swiss National Bank sold 31,900 shares of Air Products and Chemicals during the third quarter, reducing its total position to 641,500 shares. The basic materials company has a market capitalization of $61.13 billion and its stock has traded in a range of $229.11 to $316.39 over the past year.

  • The 13F filing covers the third quarter of 2026.

The players

Swiss National Bank

One of the world's largest sovereign wealth funds, managing over $1 trillion in assets.

Air Products and Chemicals, Inc.

A global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania.

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The takeaway

This filing highlights the investment decisions of a major institutional investor and provides insight into market sentiment around Air Products and Chemicals. As one of the world's largest sovereign wealth funds, changes in the Swiss National Bank's holdings can signal broader trends in the market.