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 |
Spotify
SPOT
|
+$189M |
| 2 |
Boeing
BA
|
+$57.2M |
| 3 |
Carvana
CVNA
|
+$23.2M |
| 4 |
ConocoPhillips
COP
|
+$22.6M |
| 5 |
EXE
Expand Energy Corporation Common Stock
EXE
|
+$19.6M |
Top Sells
| 1 |
NVIDIA
NVDA
|
+$500M |
| 2 |
Microsoft
MSFT
|
+$426M |
| 3 |
Amazon
AMZN
|
+$245M |
| 4 |
Meta Platforms (Facebook)
META
|
+$194M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$167M |
Sector Composition
| 1 | Technology | 33.9% |
| 2 | Consumer Discretionary | 12.65% |
| 3 | Healthcare | 10.7% |
| 4 | Communication Services | 9.68% |
| 5 | Industrials | 8.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Cincinnati Financial
CINF
$24B
| $63.4M | 0.04% |
441,300
-22,600
| -5% | -$3.25M |
|
352
Markel Group
MKL
$24.4B
| $63.1M | 0.04% |
36,570
-2,020
| -5% | -$3.49M |
|
353
Corpay
CPAY
$22B
| $63.1M | 0.04% |
186,400
-11,800
| -6% | -$3.99M |
|
354
Biogen
BIIB
$20.7B
| $62.9M | 0.04% |
411,500
-20,600
| -5% | -$3.15M |
|
355
PTC
PTC
$25.5B
| $62.4M | 0.04% |
339,300
-16,100
| -5% | -$2.96M |
|
356
Waters Corp
WAT
$18.4B
| $62.2M | 0.04% |
167,700
-8,400
| -5% | -$3.12M |
|
357
Pembina Pipeline
PBA
$22.1B
| $62.2M | 0.04% |
1,684,396
-68,200
| -4% | -$2.52M |
|
358
Darden Restaurants
DRI
$24.6B
| $61.9M | 0.04% |
331,800
-22,500
| -6% | -$4.2M |
|
359
SBA Communications
SBAC
$20.5B
| $61.9M | 0.04% |
303,500
-15,400
| -5% | -$3.14M |
|
360
FirstEnergy
FE
$25B
| $61.5M | 0.04% |
1,545,544
-77,000
| -5% | -$3.06M |
|
361
Teledyne Technologies
TDY
$25.6B
| $61.4M | 0.04% |
132,218
-8,600
| -6% | -$3.99M |
|
362
Texas Pacific Land
TPL
$21B
| $61.1M | 0.04% |
55,251
-2,700
| -5% | -$2.99M |
|
363
International Flavors & Fragrances
IFF
$17B
| $61.1M | 0.04% |
722,299
-35,600
| -5% | -$3.01M |
|
364
Atmos Energy
ATO
$26.3B
| $61.1M | 0.04% |
438,500
-9,300
| -2% | -$1.3M |
|
365
Zimmer Biomet
ZBH
$20.7B
| $60.8M | 0.04% |
575,300
-35,400
| -6% | -$3.74M |
|
366
Cenovus Energy
CVE
$28.8B
| $60.4M | 0.04% |
3,983,135
-228,100
| -5% | -$3.46M |
|
367
Illumina
ILMN
$15.5B
| $60M | 0.04% |
448,800
-24,100
| -5% | -$3.22M |
|
368
Emcor
EME
$27.8B
| $59.8M | 0.04% |
131,800
-7,500
| -5% | -$3.4M |
|
369
Ferrovial SE
FER
$40.2B
| $59.7M | 0.04% |
1,417,425
-146,716
| -9% | -$6.18M |
|
370
Fortis
FTS
$24.6B
| $59.7M | 0.04% |
1,437,582
-53,300
| -4% | -$2.21M |
|
371
Live Nation Entertainment
LYV
$39.3B
| $59M | 0.04% |
455,400
-21,900
| -5% | -$2.84M |
|
372
CenterPoint Energy
CNP
$24.4B
| $58.4M | 0.04% |
1,841,100
-57,700
| -3% | -$1.83M |
|
373
Western Digital
WDC
$32.4B
| $58.2M | 0.04% |
1,291,919
+9,923
| +0.8% | +$447K |
|
374
Restaurant Brands International
QSR
$20.3B
| $58.2M | 0.04% |
892,630
-16,400
| -2% | -$1.07M |
|
375
Teradyne
TER
$18.9B
| $58M | 0.04% |
460,900
-2,400
| -0.5% | -$302K |
|