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 |
Apple
AAPL
|
$430M |
| 2 |
Microsoft
MSFT
|
$312M |
| 3 |
Exxon Mobil
XOM
|
$258M |
| 4 |
GE Aerospace
GE
|
$224M |
| 5 |
Johnson & Johnson
JNJ
|
$221M |
Top Sells
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
$54.7M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
$20M |
| 5 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
$16.1M |
Sector Composition
| 1 | Technology | 14.87% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.32% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $360M | 0.66% | 13,187,693 +3,943,800 | +43% | +$108M |
|
27
UnitedHealth
UNH
$281B
| $346M | 0.63% | 2,798,427 +735,100 | +36% | +$90.8M |
|
28
Altria Group
MO
$113B
| $339M | 0.62% | 5,637,494 +1,517,400 | +37% | +$91.1M |
|
29
Gilead Sciences
GILD
$140B
| $330M | 0.6% | 3,744,024 +1,076,100 | +40% | +$94.7M |
|
30
Oracle
ORCL
$635B
| $326M | 0.6% | 8,309,528 +2,004,600 | +32% | +$78.6M |
|
31
Walmart
WMT
$774B
| $298M | 0.55% | 4,542,829 +1,227,000 | +37% | +$80.5M |
|
32
CVS Health
CVS
$92.8B
| $296M | 0.54% | 2,972,610 +848,500 | +40% | +$84.4M |
|
33
Bristol-Myers Squibb
BMY
$96B
| $293M | 0.54% | 4,783,952 +1,291,900 | +37% | +$79.1M |
|
34
Amgen
AMGN
$155B
| $282M | 0.52% | 1,959,608 +581,600 | +42% | +$83.6M |
|
35
Medtronic
MDT
$119B
| $267M | 0.49% | 3,717,463 +1,097,000 | +42% | +$78.9M |
|
|
AGN
36
DELISTED
Allergan plc
AGN
| $266M | 0.49% | 1,035,736 +307,900 | +42% | +$79.1M |
|
37
Canadian National Railway
CNI
$60.4B
| $262M | 0.48% | 4,348,000 +830,900 | +24% | +$50.1M |
|
38
3M
MMM
$82.8B
| $255M | 0.47% | 1,599,604 +465,300 | +41% | +$74.3M |
|
39
Starbucks
SBUX
$100B
| $245M | 0.45% | 4,288,744 +1,149,600 | +37% | +$65.8M |
|
40
Schlumberger
SLB
$55B
| $243M | 0.45% | 3,435,675 +972,700 | +39% | +$68.8M |
|
41
Mastercard
MA
$538B
| $239M | 0.44% | 2,638,820 +757,100 | +40% | +$68.6M |
|
42
AbbVie
ABBV
$372B
| $233M | 0.43% | 4,247,129 +1,239,800 | +41% | +$67.9M |
|
43
Suncor Energy
SU
$50.1B
| $231M | 0.42% | 8,573,512 +2,205,248 | +35% | +$59.3M |
|
44
United Parcel Service
UPS
$74.1B
| $217M | 0.4% | 2,142,777 +529,800 | +33% | +$53.6M |
|
45
Accenture
ACN
$162B
| $213M | 0.39% | 1,924,317 +481,800 | +33% | +$53.3M |
|
46
Eli Lilly
LLY
$657B
| $211M | 0.39% | 3,053,843 +765,400 | +33% | +$52.8M |
|
47
RTX Corp
RTX
$212B
| $210M | 0.39% | 2,189,321 +652,200 | +42% | +$62.6M |
|
48
Simon Property Group
SPG
$59B
| $208M | 0.38% | 1,042,998 +235,400 | +29% | +$46.9M |
|
49
Nike
NKE
$114B
| $208M | 0.38% | 3,522,868 +1,059,700 | +43% | +$62.4M |
|
50
Honeywell
HON
$139B
| $204M | 0.37% | 1,902,273 +552,900 | +41% | +$59.4M |
|