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
| 1 |
Teva Pharmaceuticals
TEVA
|
$132M |
| 2 |
Fortis
FTS
|
$68.5M |
| 3 |
Intuitive Surgical
ISRG
|
$45.9M |
| 4 |
Keurig Dr Pepper
KDP
|
$41M |
| 5 |
Monster Beverage
MNST
|
$33M |
Top Sells
| 1 |
Alcoa
AA
|
$95.4M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
$63.4M |
| 3 |
Hershey
HSY
|
$53.7M |
| 4 |
American Tower
AMT
|
$49M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
$32.2M |
Sector Composition
| 1 | Technology | 15.56% |
| 2 | Healthcare | 14.34% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 10.4% |
| 5 | Communication Services | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Ovintiv
OVV
$11B
| $62.6M | 0.1% |
5,339,200
-42,800
| -0.8% | -$502K |
|
227
PACCAR
PCAR
$51.9B
| $62.4M | 0.1% |
976,305
+4,400
| +0.5% | +$281K |
|
228
Synopsys
SNPS
$110B
| $62.3M | 0.1% |
1,059,136
-66,300
| -6% | -$3.9M |
|
229
Markel Group
MKL
$24.6B
| $62M | 0.1% |
68,600
+29,800
| +77% | +$27M |
|
230
Analog Devices
ADI
$122B
| $62M | 0.1% |
853,668
| – | – |
|
231
Williams Companies
WMB
$70.1B
| $61.8M | 0.1% |
1,986,141
+10,000
| +0.5% | +$311K |
|
232
Public Service Enterprise Group
PEG
$40.8B
| $61.8M | 0.1% |
1,409,177
+6,500
| +0.5% | +$285K |
|
233
Cummins
CMI
$54.4B
| $61.2M | 0.1% |
447,519
-3,600
| -0.8% | -$492K |
|
234
Campbell Soup
CPB
$9.37B
| $60.3M | 0.1% |
996,853
+22,300
| +2% | +$1.35M |
|
235
Devon Energy
DVN
$23.1B
| $59.9M | 0.09% |
1,312,526
+4,600
| +0.4% | +$210K |
|
|
ATVI
236
DELISTED
Activision Blizzard Inc.
ATVI
| $59.7M | 0.09% |
1,652,134
+19,000
| +1% | +$686K |
|
237
Restaurant Brands International
QSR
$20.5B
| $58.9M | 0.09% |
1,238,161
-7,300
| -0.6% | -$347K |
|
|
CNH
238
CNH Industrial
CNH
$14B
| $58.8M | 0.09% |
6,738,224
-36,390
| -0.5% | -$317K |
|
239
Sherwin-Williams
SHW
$89.9B
| $58.7M | 0.09% |
218,261
+500
| +0.2% | +$134K |
|
240
Dollar General
DG
$24.3B
| $58.3M | 0.09% |
786,852
-189,773
| -19% | -$14.1M |
|
241
CGI
GIB
$21.6B
| $58M | 0.09% |
1,209,900
-9,500
| -0.8% | -$456K |
|
242
Arch Capital
ACGL
$34.1B
| $57.9M | 0.09% |
671,468
+206,000
| +44% | +$17.8M |
|
243
Amphenol
APH
$133B
| $57.8M | 0.09% |
859,950
+6,300
| +0.7% | +$423K |
|
244
International Paper
IP
$26B
| $57.7M | 0.09% |
1,088,018
+5,300
| +0.5% | +$281K |
|
245
Imperial Oil
IMO
$45.4B
| $57.5M | 0.09% |
1,655,000
-13,100
| -0.8% | -$455K |
|
246
Zimmer Biomet
ZBH
$20.8B
| $57.5M | 0.09% |
557,016
+3,500
| +0.6% | +$361K |
|
247
Progressive
PGR
$144B
| $57.4M | 0.09% |
1,616,834
| – | – |
|
248
Aramark
ARMK
$10.2B
| $57.1M | 0.09% |
1,599,700
+641,800
| +67% | +$22.9M |
|
249
Omnicom Group
OMC
$14.9B
| $56.1M | 0.09% |
658,777
-1,500
| -0.2% | -$128K |
|
250
Edwards Lifesciences
EW
$48B
| $55.6M | 0.09% |
592,998
+4,100
| +0.7% | +$384K |
|