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 |
Linde
LIN
|
$299M |
| 2 |
General Dynamics
GD
|
$129M |
| 3 |
TJX Companies
TJX
|
$120M |
| 4 |
Cigna
CI
|
$86.9M |
| 5 |
CVS Health
CVS
|
$75M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$234M |
| 2 |
Northrop Grumman
NOC
|
$218M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$170M |
| 4 |
PX
Praxair Inc
PX
|
$168M |
| 5 |
COL
Rockwell Collins
COL
|
$116M |
Sector Composition
| 1 | Technology | 18.92% |
| 2 | Healthcare | 16.26% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Communication Services | 10.14% |
| 5 | Industrials | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$125B
| $528M | 0.68% | 15,512,400 +191,300 | +1% | +$6.51M |
|
27
Walmart
WMT
$774B
| $510M | 0.65% | 5,473,229 +69,100 | +1% | +$6.44M |
|
28
AbbVie
ABBV
$372B
| $454M | 0.58% | 4,922,629 +81,400 | +2% | +$7.5M |
|
29
Medtronic
MDT
$119B
| $454M | 0.58% | 4,987,063 +54,500 | +1% | +$4.96M |
|
30
Oracle
ORCL
$635B
| $450M | 0.58% | 9,966,728 -72,500 | -0.7% | -$3.27M |
|
31
Abbott
ABT
$231B
| $428M | 0.55% | 5,916,988 +101,700 | +2% | +$7.36M |
|
32
Eli Lilly
LLY
$657B
| $427M | 0.55% | 3,693,343 +1,600 | +0% | +$185K |
|
33
Amgen
AMGN
$155B
| $410M | 0.53% | 2,104,126 -8,200 | -0.4% | -$1.6M |
|
34
DuPont de Nemours
DD
$32.2B
| $401M | 0.51% | 7,500,034 +91,500 | +1% | +$4.89M |
|
35
Netflix
NFLX
$513B
| $379M | 0.49% | 1,415,625 +27,900 | +2% | +$7.47M |
|
36
3M
MMM
$82.8B
| $370M | 0.47% | 1,940,604 -23,300 | -1% | -$4.44M |
|
37
Altria Group
MO
$113B
| $367M | 0.47% | 7,421,194 +58,700 | +0.8% | +$2.9M |
|
38
IBM
IBM
$227B
| $364M | 0.47% | 3,200,877 -2,100 | -0.1% | -$239K |
|
39
Alibaba
BABA
$322B
| $364M | 0.47% | 2,652,944 +280,540 | +12% | +$38.5M |
|
40
Adobe
ADBE
$151B
| $360M | 0.46% | 1,592,883 +20,900 | +1% | +$4.73M |
|
41
Broadcom
AVGO
$1.4T
| $357M | 0.46% | 1,403,313 +92,200 | +7% | +$23.4M |
|
42
Philip Morris
PM
$260B
| $355M | 0.46% | 5,315,931 +85,500 | +2% | +$5.71M |
|
43
Accenture
ACN
$162B
| $345M | 0.44% | 2,447,217 +22,100 | +0.9% | +$3.12M |
|
44
Union Pacific
UNP
$133B
| $332M | 0.43% | 2,403,972 -71,900 | -3% | -$9.94M |
|
45
NextEra Energy, Inc.
NEE
$148B
| $330M | 0.42% | 1,896,324 +20,400 | +1% | +$3.55M |
|
46
Starbucks
SBUX
$100B
| $321M | 0.41% | 4,984,944 -32,300 | -0.6% | -$2.08M |
|
47
Salesforce
CRM
$245B
| $320M | 0.41% | 2,336,972 +87,100 | +4% | +$11.9M |
|
48
Honeywell
HON
$139B
| $319M | 0.41% | 2,413,873 +29,400 | +1% | +$3.88M |
|
49
Nike
NKE
$114B
| $309M | 0.4% | 4,162,668 +67,900 | +2% | +$5.03M |
|
50
PayPal
PYPL
$67.1B
| $307M | 0.39% | 3,655,591 +54,600 | +2% | +$4.59M |
|