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 |
Intuitive Surgical
ISRG
|
$121M |
| 2 |
Amphenol
APH
|
$42.2M |
| 3 |
United Parcel Service
UPS
|
$35.2M |
| 4 |
Cognex
CGNX
|
$30.2M |
| 5 |
Progressive
PGR
|
$28M |
Top Sells
| 1 |
BCR
CR Bard Inc.
BCR
|
$90.4M |
| 2 |
Dell
DELL
|
$68.1M |
| 3 |
LVLT
Level 3 Communications Inc
LVLT
|
$64.9M |
| 4 |
AT&T
T
|
$39.3M |
| 5 |
Automatic Data Processing
ADP
|
$36.8M |
Sector Composition
| 1 | Technology | 18.09% |
| 2 | Healthcare | 14.62% |
| 3 | Consumer Discretionary | 11.07% |
| 4 | Communication Services | 10.58% |
| 5 | Industrials | 10.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Boeing
BA
$177B
| $611M | 0.66% | 2,071,591 -49,700 | -2% | -$14.7M |
|
27
Walmart
WMT
$774B
| $606M | 0.65% | 6,133,929 -71,600 | -1% | -$7.07M |
|
28
Merck
MRK
$210B
| $603M | 0.65% | 10,716,201 -14,600 | -0.1% | -$822K |
|
29
Altria Group
MO
$113B
| $591M | 0.64% | 8,273,394 +1,600 | +0% | +$114K |
|
30
AbbVie
ABBV
$372B
| $569M | 0.61% | 5,880,029 +9,700 | +0.2% | +$938K |
|
31
Mastercard
MA
$538B
| $567M | 0.61% | 3,748,020 -5,400 | -0.1% | -$817K |
|
32
GE Aerospace
GE
$292B
| $558M | 0.6% | 31,949,661 -99,400 | -0.3% | -$1.73M |
|
33
Oracle
ORCL
$635B
| $552M | 0.6% | 11,680,328 +73,600 | +0.6% | +$3.48M |
|
34
IBM
IBM
$227B
| $539M | 0.58% | 3,512,177 -23,800 | -0.7% | -$3.65M |
|
35
3M
MMM
$82.8B
| $533M | 0.58% | 2,263,304 +2,400 | +0.1% | +$565K |
|
36
Amgen
AMGN
$155B
| $468M | 0.51% | 2,693,408 -18,900 | -0.7% | -$3.29M |
|
37
Medtronic
MDT
$119B
| $449M | 0.49% | 5,565,063 -13,900 | -0.2% | -$1.12M |
|
38
NVIDIA
NVDA
$4.25T
| $428M | 0.46% | 2,213,385 +19,900 | +0.9% | +$3.85M |
|
39
Honeywell
HON
$139B
| $409M | 0.44% | 2,666,273 -3,600 | -0.1% | -$552K |
|
40
Accenture
ACN
$162B
| $401M | 0.43% | 2,616,817 +7,700 | +0.3% | +$1.18M |
|
41
Union Pacific
UNP
$133B
| $396M | 0.43% | 2,952,672 -27,800 | -0.9% | -$3.73M |
|
42
Alibaba
BABA
$322B
| $395M | 0.43% | 2,291,127 -1,993 | -0.1% | -$344K |
|
43
Broadcom
AVGO
$1.4T
| $385M | 0.42% | 1,500,013 +20,400 | +1% | +$5.24M |
|
44
Texas Instruments
TXN
$184B
| $382M | 0.41% | 3,654,094 -19,600 | -0.5% | -$2.05M |
|
45
Abbott
ABT
$231B
| $377M | 0.41% | 6,606,088 -218,800 | -3% | -$12.5M |
|
46
Bristol-Myers Squibb
BMY
$96B
| $376M | 0.41% | 6,132,370 +40,900 | +0.7% | +$2.51M |
|
47
Schlumberger
SLB
$55B
| $368M | 0.4% | 5,456,835 +18,200 | +0.3% | +$1.23M |
|
48
RTX Corp
RTX
$212B
| $357M | 0.39% | 2,800,421 -7,900 | -0.3% | -$1.01M |
|
49
Gilead Sciences
GILD
$140B
| $356M | 0.38% | 4,969,024 +151,700 | +3% | +$10.9M |
|
50
Eli Lilly
LLY
$657B
| $353M | 0.38% | 4,173,743 +16,300 | +0.4% | +$1.38M |
|