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 |
Berkshire Hathaway Class B
BRK.B
|
$1.6B |
| 2 |
American Express
AXP
|
$398M |
| 3 |
Capital One
COF
|
$151M |
| 4 |
Apollo Global Management
APO
|
$111M |
| 5 |
DFS
Discover Financial Services
DFS
|
$109M |
Top Sells
| 1 |
Apple
AAPL
|
$1.16B |
| 2 |
Microsoft
MSFT
|
$873M |
| 3 |
Amazon
AMZN
|
$403M |
| 4 |
NVIDIA
NVDA
|
$356M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$283M |
Sector Composition
| 1 | Technology | 30.21% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.23% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cummins
CMI
$54.9B
| $125M | 0.09% |
511,200
-48,500
| -9% | -$11.9M |
|
227
Trade Desk
TTD
$26.7B
| $124M | 0.08% |
1,603,700
-163,500
| -9% | -$12.6M |
|
228
Xcel Energy
XEL
$42.8B
| $124M | 0.08% |
1,987,200
-184,600
| -8% | -$11.5M |
|
229
Republic Services
RSG
$73B
| $122M | 0.08% |
799,530
-78,300
| -9% | -$12M |
|
230
Newmont
NEM
$81.7B
| $122M | 0.08% |
2,869,460
-280,600
| -9% | -$12M |
|
|
VMW
231
DELISTED
VMware, Inc
VMW
| $122M | 0.08% |
851,248
+8,900
| +1% | +$1.28M |
|
232
Fastenal
FAST
$57B
| $122M | 0.08% |
2,062,400
-210,600
| -9% | -$12.4M |
|
233
Cognizant
CTSH
$35.3B
| $120M | 0.08% |
1,839,400
-200,100
| -10% | -$13.1M |
|
234
GE HealthCare
GEHC
$33.7B
| $120M | 0.08% |
1,477,787
+34,200
| +2% | +$2.78M |
|
235
Digital Realty Trust
DLR
$57.2B
| $120M | 0.08% |
1,052,149
-89,000
| -8% | -$10.1M |
|
236
Cencora
COR
$56.5B
| $119M | 0.08% |
620,800
+8,700
| +1% | +$1.67M |
|
237
DuPont de Nemours
DD
$32.2B
| $118M | 0.08% |
1,657,773
-313,800
| -16% | -$22.4M |
|
238
CrowdStrike
CRWD
$106B
| $118M | 0.08% |
805,200
-4,800
| -0.6% | -$705K |
|
239
Verisk Analytics
VRSK
$37.5B
| $118M | 0.08% |
521,800
-98,800
| -16% | -$22.3M |
|
240
Fidelity National Information Services
FIS
$36.5B
| $117M | 0.08% |
2,139,646
-215,300
| -9% | -$11.8M |
|
241
Prudential Financial
PRU
$38.6B
| $117M | 0.08% |
1,325,400
-135,000
| -9% | -$11.9M |
|
242
Ferguson
FERG
$46.4B
| $117M | 0.08% |
741,147
-83,500
| -10% | -$13.1M |
|
243
ResMed
RMD
$40.2B
| $116M | 0.08% |
530,500
-50,900
| -9% | -$11.1M |
|
244
Kroger
KR
$44.9B
| $116M | 0.08% |
2,461,600
-237,100
| -9% | -$11.1M |
|
245
Baker Hughes
BKR
$44.8B
| $116M | 0.08% |
3,654,520
-319,900
| -8% | -$10.1M |
|
246
Sun Life Financial
SLF
$32.8B
| $115M | 0.08% |
2,208,000
-146,900
| -6% | -$7.67M |
|
247
Lennar Class A
LEN
$34.5B
| $115M | 0.08% |
916,572
-94,500
| -9% | -$11.8M |
|
248
Dollar Tree
DLTR
$22.8B
| $115M | 0.08% |
798,981
-78,800
| -9% | -$11.3M |
|
249
Devon Energy
DVN
$22.9B
| $114M | 0.08% |
2,362,139
-102,500
| -4% | -$4.95M |
|
250
VICI Properties
VICI
$36B
| $114M | 0.08% |
3,626,904
-195,400
| -5% | -$6.14M |
|