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 |
Nutrien
NTR
|
$111M |
| 2 |
Fiserv
FI
|
$78.4M |
| 3 |
Aflac
AFL
|
$49.9M |
| 4 |
WP
Worldpay, Inc.
WP
|
$37.6M |
| 5 |
Becton Dickinson
BDX
|
$29.5M |
Top Sells
| 1 |
Apple
AAPL
|
$431M |
| 2 |
Microsoft
MSFT
|
$315M |
| 3 |
Amazon
AMZN
|
$278M |
| 4 |
Meta Platforms (Facebook)
META
|
$170M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$150M |
Sector Composition
| 1 | Technology | 19.03% |
| 2 | Healthcare | 14.49% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Industrials | 10.41% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
NextEra Energy, Inc.
NEE
$148B
| $309M | 0.38% | 1,889,024 -176,400 | -9% | -$28.8M |
|
52
Broadcom
AVGO
$1.4T
| $308M | 0.38% | 1,308,913 -191,100 | -13% | -$45M |
|
53
RTX Corp
RTX
$212B
| $306M | 0.37% | 2,433,921 -366,500 | -13% | -$46.1M |
|
54
Starbucks
SBUX
$100B
| $301M | 0.37% | 5,191,444 -689,900 | -12% | -$39.9M |
|
55
Eli Lilly
LLY
$657B
| $291M | 0.36% | 3,766,343 -407,400 | -10% | -$31.5M |
|
56
Caterpillar
CAT
$196B
| $281M | 0.34% | 1,908,816 -270,800 | -12% | -$39.9M |
|
57
Nike
NKE
$114B
| $280M | 0.34% | 4,209,868 -633,500 | -13% | -$42.1M |
|
58
PayPal
PYPL
$67.1B
| $278M | 0.34% | 3,663,291 -549,000 | -13% | -$41.7M |
|
59
United Parcel Service
UPS
$74.1B
| $276M | 0.34% | 2,635,977 -285,700 | -10% | -$29.9M |
|
60
Costco
COST
$418B
| $275M | 0.34% | 1,459,808 -209,600 | -13% | -$39.5M |
|
|
61
Becton Dickinson
BDX
$55.3B
| $269M | 0.33% | 1,241,673 +136,035 | +12% | +$29.5M |
|
62
Thermo Fisher Scientific
TMO
$186B
| $266M | 0.32% | 1,286,532 -189,900 | -13% | -$39.2M |
|
63
Qualcomm
QCOM
$173B
| $262M | 0.32% | 4,729,665 -715,400 | -13% | -$39.6M |
|
|
TWX
64
DELISTED
Time Warner Inc
TWX
| $257M | 0.31% | 2,714,208 -348,200 | -11% | -$32.9M |
|
65
Salesforce
CRM
$245B
| $256M | 0.31% | 2,201,572 -315,400 | -13% | -$36.7M |
|
66
Northrop Grumman
NOC
$84.5B
| $241M | 0.29% | 691,584 -60,600 | -8% | -$21.2M |
|
|
RTN
67
DELISTED
Raytheon Company
RTN
| $241M | 0.29% | 1,114,845 -121,600 | -10% | -$26.2M |
|
68
Danaher
DHR
$147B
| $239M | 0.29% | 2,442,844 -245,200 | -9% | -$24M |
|
69
Duke Energy
DUK
$95.3B
| $234M | 0.29% | 3,025,491 -244,300 | -7% | -$18.9M |
|
70
Lowe's Companies
LOW
$145B
| $234M | 0.29% | 2,666,148 -421,600 | -14% | -$37M |
|
71
Chubb
CB
$110B
| $232M | 0.28% | 1,696,520 -204,000 | -11% | -$27.9M |
|
72
ConocoPhillips
COP
$124B
| $227M | 0.28% | 3,835,599 -653,600 | -15% | -$38.8M |
|
73
Colgate-Palmolive
CL
$67.9B
| $227M | 0.28% | 3,169,472 -353,300 | -10% | -$25.3M |
|
|
CELG
74
DELISTED
Celgene Corp
CELG
| $225M | 0.27% | 2,525,996 -359,700 | -12% | -$32.1M |
|
75
TJX Companies
TJX
$152B
| $222M | 0.27% | 2,721,921 -239,600 | -8% | -$19.5M |
|