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 | 9.22% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
526
United Therapeutics
UTHR
$17.6B
| $36.9M | 0.03% |
167,155
-13,800
| -8% | -$3.05M |
|
527
Darling Ingredients
DAR
$4.91B
| $36.8M | 0.03% |
577,400
-57,000
| -9% | -$3.64M |
|
528
Qorvo
QRVO
$8.46B
| $36.8M | 0.03% |
360,745
-40,700
| -10% | -$4.15M |
|
529
Vail Resorts
MTN
$5.71B
| $36.7M | 0.02% |
145,600
-13,900
| -9% | -$3.5M |
|
530
Fox Class A
FOXA
$27.6B
| $36.4M | 0.02% |
1,072,034
-125,400
| -10% | -$4.26M |
|
531
Aramark
ARMK
$10.1B
| $36.4M | 0.02% |
1,171,572
-105,121
| -8% | -$3.27M |
|
|
JNPR
532
DELISTED
Juniper Networks
JNPR
| $36.4M | 0.02% |
1,160,400
-124,300
| -10% | -$3.89M |
|
533
Globe Life
GL
$11.3B
| $36.3M | 0.02% |
331,200
-34,600
| -9% | -$3.79M |
|
|
BKI
534
DELISTED
Black Knight, Inc. Common Stock
BKI
| $36.2M | 0.02% |
606,600
-10,900
| -2% | -$651K |
|
535
Essential Utilities
WTRG
$10.8B
| $36.1M | 0.02% |
905,300
-81,100
| -8% | -$3.24M |
|
536
Eastman Chemical
EMN
$7.85B
| $36M | 0.02% |
430,300
-44,600
| -9% | -$3.73M |
|
537
Universal Health Services
UHS
$11.9B
| $35.8M | 0.02% |
226,700
-27,200
| -11% | -$4.29M |
|
538
Annaly Capital Management
NLY
$14.3B
| $35.7M | 0.02% |
+1,783,300
| New | +$35.7M |
|
539
Unity
U
$19.2B
| $35.6M | 0.02% |
819,900
-161,400
| -16% | -$7.01M |
|
540
Dayforce
DAY
$10.9B
| $35.4M | 0.02% |
528,700
-18,600
| -3% | -$1.25M |
|
541
Equitable Holdings
EQH
$15.9B
| $35.2M | 0.02% |
+1,296,600
| New | +$35.2M |
|
542
Cognex
CGNX
$7.54B
| $34.9M | 0.02% |
623,700
-62,600
| -9% | -$3.51M |
|
543
Liberty Broadband Class C
LBRDK
$8.6B
| $34.6M | 0.02% |
432,168
-46,500
| -10% | -$3.73M |
|
|
EXE
544
Expand Energy Corporation Common Stock
EXE
$22.6B
| $34.6M | 0.02% |
413,500
-37,300
| -8% | -$3.12M |
|
545
Telus
TU
$25.1B
| $34.5M | 0.02% |
1,773,265
-136,000
| -7% | -$2.65M |
|
546
Regency Centers
REG
$13.2B
| $34.4M | 0.02% |
556,720
-52,900
| -9% | -$3.27M |
|
547
GFL Environmental
GFL
$17.1B
| $34M | 0.02% |
873,900
+142,600
| +19% | +$5.54M |
|
548
Fidelity National Financial
FNF
$16.4B
| $33.6M | 0.02% |
933,800
-89,500
| -9% | -$3.22M |
|
549
TFI International
TFII
$7.96B
| $33.5M | 0.02% |
293,800
-20,700
| -7% | -$2.36M |
|
550
Ovintiv
OVV
$10.5B
| $33.4M | 0.02% |
877,900
-104,800
| -11% | -$3.99M |
|