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 |
Nutrien
NTR
|
+$111M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$37.6M |
| 3 |
Becton Dickinson
BDX
|
+$29.5M |
| 4 |
Alibaba
BABA
|
+$28.3M |
| 5 |
NXP Semiconductors
NXPI
|
+$24.5M |
Top Sells
| 1 |
Apple
AAPL
|
+$431M |
| 2 |
Microsoft
MSFT
|
+$315M |
| 3 |
Amazon
AMZN
|
+$278M |
| 4 |
Meta Platforms (Facebook)
META
|
+$170M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$150M |
Sector Composition
| 1 | Technology | 19.03% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.4% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
PPL Corp
PPL
$26.7B
| $70M | 0.09% |
2,474,647
-288,300
| -10% | -$8.16M |
|
252
Check Point Software Technologies
CHKP
$21B
| $69.8M | 0.09% |
702,400
+8,700
| +1% | +$864K |
|
253
Ferrari
RACE
$85.1B
| $69.7M | 0.09% |
579,705
+32,937
| +6% | +$3.96M |
|
254
Labcorp
LH
$23.1B
| $69.6M | 0.08% |
501,073
-42,253
| -8% | -$5.87M |
|
255
Agilent Technologies
A
$34.9B
| $69.1M | 0.08% |
1,032,547
-152,300
| -13% | -$10.2M |
|
256
Microchip Technology
MCHP
$34.9B
| $68.6M | 0.08% |
1,501,018
-213,600
| -12% | -$9.76M |
|
257
Trane Technologies
TT
$89.2B
| $68.6M | 0.08% |
801,658
-135,200
| -14% | -$11.6M |
|
258
DTE Energy
DTE
$28.4B
| $68.5M | 0.08% |
770,947
-90,005
| -10% | -$8M |
|
259
Kroger
KR
$45.2B
| $67.7M | 0.08% |
2,826,496
-494,100
| -15% | -$11.8M |
|
260
O'Reilly Automotive
ORLY
$91.2B
| $67.5M | 0.08% |
4,092,480
-789,000
| -16% | -$13M |
|
261
International Paper
IP
$24.3B
| $67.2M | 0.08% |
1,329,101
-197,894
| -13% | -$10M |
|
262
Williams Companies
WMB
$71.8B
| $65.9M | 0.08% |
2,652,541
-395,400
| -13% | -$9.83M |
|
263
Waste Connections
WCN
$45.3B
| $65.7M | 0.08% |
915,959
-118,100
| -11% | -$8.47M |
|
|
ANSS
264
DELISTED
Ansys
ANSS
| $65.4M | 0.08% |
417,200
-23,200
| -5% | -$3.64M |
|
265
Royal Caribbean
RCL
$91.4B
| $64.7M | 0.08% |
549,638
-85,000
| -13% | -$10M |
|
266
SBA Communications
SBAC
$21.5B
| $64.5M | 0.08% |
377,151
-66,500
| -15% | -$11.4M |
|
267
Ventas
VTR
$31.7B
| $64.1M | 0.08% |
1,293,980
-152,100
| -11% | -$7.53M |
|
268
Cardinal Health
CAH
$36.4B
| $63.3M | 0.08% |
1,010,548
-154,800
| -13% | -$9.7M |
|
269
UDR
UDR
$12.7B
| $63.3M | 0.08% |
1,777,700
-20,400
| -1% | -$727K |
|
270
Cintas
CTAS
$81.6B
| $63.2M | 0.08% |
1,482,192
-122,800
| -8% | -$5.24M |
|
271
Nucor
NUE
$32.4B
| $62.3M | 0.08% |
1,020,261
-156,600
| -13% | -$9.57M |
|
272
Synopsys
SNPS
$79B
| $62.2M | 0.08% |
747,636
-40,000
| -5% | -$3.33M |
|
273
Expeditors International
EXPD
$16.8B
| $62.1M | 0.08% |
980,906
-44,900
| -4% | -$2.84M |
|
274
T-Mobile US
TMUS
$272B
| $61.9M | 0.08% |
1,014,624
-128,300
| -11% | -$7.83M |
|
|
INFO
275
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $61.7M | 0.08% |
1,279,857
-194,500
| -13% | -$9.38M |
|