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 |
Copart
CPRT
|
$49.4M |
| 2 |
Bio-Techne
TECH
|
$38.8M |
| 3 |
First Solar
FSLR
|
$24.3M |
| 4 |
Lamb Weston
LW
|
$21.6M |
| 5 |
Ovintiv
OVV
|
$21.3M |
Top Sells
| 1 |
Apple
AAPL
|
$627M |
| 2 |
Microsoft
MSFT
|
$479M |
| 3 |
Amazon
AMZN
|
$203M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$169M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$150M |
Sector Composition
| 1 | Technology | 25.32% |
| 2 | Healthcare | 16.62% |
| 3 | Consumer Discretionary | 10.98% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Staples | 7.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
IBM
IBM
$227B
| $517M | 0.37% | 3,670,800 -227,140 | -6% | -$32M |
|
52
United Parcel Service
UPS
$74.1B
| $517M | 0.37% | 2,974,400 -208,418 | -7% | -$36.2M |
|
53
Caterpillar
CAT
$196B
| $514M | 0.37% | 2,145,600 -165,841 | -7% | -$39.7M |
|
54
Deere & Co
DE
$130B
| $506M | 0.36% | 1,180,000 -78,391 | -6% | -$33.6M |
|
55
Lowe's Companies
LOW
$145B
| $503M | 0.36% | 2,522,700 -247,139 | -9% | -$49.2M |
|
56
Qualcomm
QCOM
$173B
| $502M | 0.36% | 4,564,200 -289,422 | -6% | -$31.8M |
|
57
Elevance Health
ELV
$71.8B
| $500M | 0.36% | 975,400 -69,432 | -7% | -$35.6M |
|
58
CVS Health
CVS
$92.8B
| $497M | 0.36% | 5,335,660 -347,350 | -6% | -$32.4M |
|
59
Starbucks
SBUX
$100B
| $463M | 0.33% | 4,663,400 -306,877 | -6% | -$30.4M |
|
60
Intel
INTC
$107B
| $441M | 0.32% | 16,687,900 -1,032,848 | -6% | -$27.3M |
|
61
Gilead Sciences
GILD
$140B
| $437M | 0.31% | 5,094,000 -341,898 | -6% | -$29.4M |
|
62
Boeing
BA
$177B
| $437M | 0.31% | 2,292,800 -142,922 | -6% | -$27.2M |
|
63
Advanced Micro Devices
AMD
$264B
| $425M | 0.31% | 6,561,075 -461,893 | -7% | -$29.9M |
|
64
Intuit
INTU
$186B
| $424M | 0.3% | 1,089,200 -72,139 | -6% | -$28.1M |
|
65
Prologis
PLD
$106B
| $423M | 0.3% | 3,751,308 -248,090 | -6% | -$28M |
|
66
Medtronic
MDT
$119B
| $420M | 0.3% | 5,404,166 -363,013 | -6% | -$28.2M |
|
67
Cigna
CI
$80.3B
| $411M | 0.3% | 1,240,101 -134,862 | -10% | -$44.7M |
|
68
Automatic Data Processing
ADP
$123B
| $403M | 0.29% | 1,688,800 -131,623 | -7% | -$31.4M |
|
69
American Tower
AMT
$95.5B
| $401M | 0.29% | 1,892,300 -85,059 | -4% | -$18M |
|
70
Intuitive Surgical
ISRG
$170B
| $385M | 0.28% | 1,451,400 -104,285 | -7% | -$27.7M |
|
71
TJX Companies
TJX
$152B
| $376M | 0.27% | 4,718,800 -358,659 | -7% | -$28.5M |
|
72
Chubb
CB
$110B
| $374M | 0.27% | 1,697,491 -149,646 | -8% | -$33M |
|
73
GE Aerospace
GE
$292B
| $373M | 0.27% | 4,456,762 -313,163 | -7% | -$26.2M |
|
74
Mondelez International
MDLZ
$79.5B
| $371M | 0.27% | 5,570,324 -427,251 | -7% | -$28.5M |
|
75
T-Mobile US
TMUS
$284B
| $357M | 0.26% | 2,548,402 -167,879 | -6% | -$23.5M |
|