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 | |
|---|---|---|---|---|---|---|
251
Consolidated Edison
ED
$35.1B
| $113M | 0.08% |
1,251,200
-157,000
| -11% | -$14.2M |
|
252
Public Service Enterprise Group
PEG
$40.8B
| $113M | 0.08% |
1,801,400
-178,800
| -9% | -$11.2M |
|
253
PG&E
PCG
$33.7B
| $112M | 0.08% |
6,487,200
+570,800
| +10% | +$9.86M |
|
254
United Rentals
URI
$61.7B
| $112M | 0.08% |
250,700
-24,400
| -9% | -$10.9M |
|
255
Nutrien
NTR
$28B
| $111M | 0.08% |
1,880,736
-208,500
| -10% | -$12.3M |
|
|
256
Apollo Global Management
APO
$77.7B
| $111M | 0.08% |
+1,442,614
| New | +$111M |
|
257
Zimmer Biomet
ZBH
$20.8B
| $110M | 0.07% |
757,700
-75,200
| -9% | -$10.9M |
|
|
DFS
258
DELISTED
Discover Financial Services
DFS
| $109M | 0.07% |
+936,690
| New | +$109M |
|
259
Vulcan Materials
VMC
$38.6B
| $108M | 0.07% |
480,500
-46,900
| -9% | -$10.6M |
|
260
Constellation Energy
CEG
$96B
| $108M | 0.07% |
1,182,951
-114,900
| -9% | -$10.5M |
|
261
Keysight
KEYS
$28.1B
| $108M | 0.07% |
643,300
-65,100
| -9% | -$10.9M |
|
262
Halliburton
HAL
$19.3B
| $108M | 0.07% |
3,261,000
-342,800
| -10% | -$11.3M |
|
263
Illumina
ILMN
$15.5B
| $107M | 0.07% |
570,700
-53,500
| -9% | -$10M |
|
264
Warner Bros
WBD
$28.8B
| $105M | 0.07% |
8,356,727
-798,900
| -9% | -$10M |
|
265
Equifax
EFX
$28.8B
| $105M | 0.07% |
445,000
-40,800
| -8% | -$9.6M |
|
266
Mettler-Toledo International
MTD
$26.3B
| $104M | 0.07% |
79,600
-8,900
| -10% | -$11.7M |
|
267
MongoDB
MDB
$26B
| $104M | 0.07% |
252,900
-19,800
| -7% | -$8.14M |
|
268
Veeva Systems
VEEV
$44.1B
| $104M | 0.07% |
524,700
-33,000
| -6% | -$6.53M |
|
269
Allstate
ALL
$53.6B
| $104M | 0.07% |
950,400
-102,200
| -10% | -$11.1M |
|
|
ANSS
270
DELISTED
Ansys
ANSS
| $104M | 0.07% |
313,400
-32,300
| -9% | -$10.7M |
|
271
Martin Marietta Materials
MLM
$37.2B
| $103M | 0.07% |
223,970
-22,400
| -9% | -$10.3M |
|
272
Keurig Dr Pepper
KDP
$39.3B
| $103M | 0.07% |
3,301,700
+210,300
| +7% | +$6.58M |
|
273
Quanta Services
PWR
$55.8B
| $103M | 0.07% |
524,235
-42,800
| -8% | -$8.41M |
|
274
Franco-Nevada
FNV
$36.7B
| $103M | 0.07% |
721,360
-48,400
| -6% | -$6.91M |
|
275
West Pharmaceutical
WST
$17.5B
| $103M | 0.07% |
268,200
-25,600
| -9% | -$9.79M |
|