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 | |
|---|---|---|---|---|---|---|
401
Yum China
YUMC
$16.5B
| $58.5M | 0.04% |
1,036,178
-106,370
| -9% | -$6.01M |
|
402
Expedia Group
EXPE
$26.6B
| $58.4M | 0.04% |
533,891
-63,700
| -11% | -$6.97M |
|
403
Conagra Brands
CAG
$9.23B
| $58.1M | 0.04% |
1,722,412
-179,600
| -9% | -$6.06M |
|
404
Best Buy
BBY
$16.1B
| $58.1M | 0.04% |
708,600
-95,500
| -12% | -$7.83M |
|
405
Magna International
MGA
$12.9B
| $57.8M | 0.04% |
1,022,900
-67,700
| -6% | -$3.83M |
|
406
PTC
PTC
$25.6B
| $57.7M | 0.04% |
405,700
-37,200
| -8% | -$5.29M |
|
407
Reliance Steel & Aluminium
RS
$15.7B
| $57.7M | 0.04% |
212,500
-20,200
| -9% | -$5.49M |
|
408
Garmin
GRMN
$45.7B
| $57.7M | 0.04% |
552,900
-55,600
| -9% | -$5.8M |
|
409
Zoom
ZM
$25B
| $57.6M | 0.04% |
847,900
-29,500
| -3% | -$2M |
|
410
J.M. Smucker
SJM
$12B
| $56.9M | 0.04% |
385,100
-38,100
| -9% | -$5.63M |
|
411
Waters Corp
WAT
$18.2B
| $56.8M | 0.04% |
213,200
-22,500
| -10% | -$6M |
|
412
Quest Diagnostics
DGX
$20.5B
| $56.8M | 0.04% |
404,000
-48,000
| -11% | -$6.75M |
|
413
LKQ Corp
LKQ
$8.33B
| $56.2M | 0.04% |
965,200
-42,200
| -4% | -$2.46M |
|
414
Snap-on
SNA
$17.1B
| $55.3M | 0.04% |
191,900
-19,100
| -9% | -$5.5M |
|
415
Cincinnati Financial
CINF
$24B
| $55.2M | 0.04% |
567,600
-25,000
| -4% | -$2.43M |
|
416
Zebra Technologies
ZBRA
$16B
| $54.9M | 0.04% |
185,600
-19,200
| -9% | -$5.68M |
|
417
TransUnion
TRU
$17.5B
| $54.6M | 0.04% |
697,500
-67,300
| -9% | -$5.27M |
|
418
SolarEdge
SEDG
$2.04B
| $54.6M | 0.04% |
202,900
-18,900
| -9% | -$5.09M |
|
419
Essex Property Trust
ESS
$17.3B
| $54.5M | 0.04% |
232,752
-24,300
| -9% | -$5.69M |
|
|
CNH
420
CNH Industrial
CNH
$14.3B
| $54.5M | 0.04% |
3,778,215
-232,000
| -6% | -$3.34M |
|
421
Jacobs Solutions
J
$17.4B
| $54.4M | 0.04% |
553,225
-52,832
| -9% | -$5.2M |
|
422
JB Hunt Transport Services
JBHT
$13.9B
| $54.3M | 0.04% |
299,800
-29,000
| -9% | -$5.25M |
|
423
Revvity
RVTY
$10.1B
| $54.2M | 0.04% |
456,500
-44,800
| -9% | -$5.32M |
|
424
Interpublic Group of Companies
IPG
$9.94B
| $53.8M | 0.04% |
1,395,600
-144,500
| -9% | -$5.57M |
|
425
Liberty Media Series C
FWONK
$25.2B
| $53.6M | 0.04% |
736,000
-72,814
| -9% | -$5.3M |
|