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 |
Microsoft
MSFT
|
+$112M |
| 2 |
Ferguson
FERG
|
+$104M |
| 3 |
Amazon
AMZN
|
+$101M |
| 4 |
Apple
AAPL
|
+$98.3M |
| 5 |
International Flavors & Fragrances
IFF
|
+$75M |
Top Sells
| 1 |
TIF
Tiffany & Co.
TIF
|
+$96.7M |
| 2 |
DuPont de Nemours
DD
|
+$52.5M |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$43.4M |
| 4 |
AvalonBay Communities
AVB
|
+$38.1M |
| 5 |
Equity Residential
EQR
|
+$22.8M |
Sector Composition
| 1 | Technology | 25.7% |
| 2 | Healthcare | 14.14% |
| 3 | Consumer Discretionary | 13.72% |
| 4 | Communication Services | 10.9% |
| 5 | Industrials | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
576
Cable One
CABO
$893M
| $33.8M | 0.02% |
18,500
+200
| +1% | +$366K |
|
577
Bio-Techne
TECH
$7.93B
| $33.7M | 0.02% |
352,844
+4,400
| +1% | +$420K |
|
578
Bath & Body Works
BBWI
$5.81B
| $33.4M | 0.02% |
667,609
+7,175
| +1% | +$359K |
|
579
Neurocrine Biosciences
NBIX
$14B
| $33.1M | 0.02% |
340,700
+6,100
| +2% | +$593K |
|
580
Aramark
ARMK
$10B
| $33.1M | 0.02% |
1,212,256
+22,576
| +2% | +$616K |
|
581
Charles River Laboratories
CRL
$7.54B
| $33M | 0.02% |
113,700
+1,400
| +1% | +$406K |
|
582
Reinsurance Group of America
RGA
$12.7B
| $32.9M | 0.02% |
261,149
+4,400
| +2% | +$555K |
|
583
UGI
UGI
$7.38B
| $32.8M | 0.02% |
800,738
+13,200
| +2% | +$541K |
|
584
Guidewire Software
GWRE
$21.3B
| $32.7M | 0.02% |
322,200
+8,100
| +3% | +$823K |
|
585
CAE Inc
CAE
$8.44B
| $32.6M | 0.02% |
1,144,500
+33,300
| +3% | +$948K |
|
586
DaVita
DVA
$9.46B
| $32.5M | 0.02% |
301,507
+100
| +0% | +$10.8K |
|
|
VER
587
DELISTED
VEREIT, Inc.
VER
| $32.4M | 0.02% |
839,627
+24,700
| +3% | +$954K |
|
588
American Financial Group
AFG
$11.4B
| $32.4M | 0.02% |
283,828
-300
| -0.1% | -$34.2K |
|
589
Dropbox
DBX
$8.29B
| $32.3M | 0.02% |
1,213,196
+21,900
| +2% | +$584K |
|
590
Arrow Electronics
ARW
$6.54B
| $32.2M | 0.02% |
290,473
-2,700
| -0.9% | -$299K |
|
591
Huntington Ingalls Industries
HII
$10.7B
| $32M | 0.02% |
155,664
+2,600
| +2% | +$535K |
|
592
Assurant
AIZ
$10.6B
| $32M | 0.02% |
225,907
+600
| +0.3% | +$85.1K |
|
593
ZTO Express
ZTO
$15.4B
| $32M | 0.02% |
1,097,812
+86,700
| +9% | +$2.53M |
|
594
Omega Healthcare
OHI
$12.6B
| $32M | 0.02% |
872,500
+14,600
| +2% | +$535K |
|
595
HEICO Class A
HEI.A
$35B
| $31.7M | 0.02% |
279,420
+5,000
| +2% | +$568K |
|
596
Williams-Sonoma
WSM
$24.7B
| $31.4M | 0.02% |
350,400
-1,400
| -0.4% | -$125K |
|
597
Zillow
ZG
$20B
| $30.6M | 0.02% |
233,000
+6,400
| +3% | +$841K |
|
598
Chewy
CHWY
$14.6B
| $30.5M | 0.02% |
359,900
+74,700
| +26% | +$6.33M |
|
599
Altice USA
ATUS
$1.09B
| $30.4M | 0.02% |
935,680
| – | – |
|
600
IPG Photonics
IPGP
$3.44B
| $30.2M | 0.02% |
143,364
+2,900
| +2% | +$612K |
|