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 |
Apple
AAPL
|
$430M |
| 2 |
Microsoft
MSFT
|
$312M |
| 3 |
Exxon Mobil
XOM
|
$258M |
| 4 |
GE Aerospace
GE
|
$224M |
| 5 |
Johnson & Johnson
JNJ
|
$221M |
Top Sells
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$58.7M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$57.9M |
| 3 |
CB
CHUBB CORPORATION
CB
|
$54.7M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
$20M |
| 5 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
$16.1M |
Sector Composition
| 1 | Technology | 14.87% |
| 2 | Healthcare | 14.67% |
| 3 | Consumer Discretionary | 10.51% |
| 4 | Consumer Staples | 10.32% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Canadian Natural Resources
CNQ
$65.9B
| $156M | 0.29% | 5,979,900 +1,159,600 | +24% | +$30.3M |
|
77
Broadcom
AVGO
$1.4T
| $149M | 0.27% | 1,009,013 +537,311 | +114% | +$79.6M |
|
78
Manulife Financial
MFC
$52.2B
| $147M | 0.27% | 10,771,100 +2,089,800 | +24% | +$28.6M |
|
79
TC Energy
TRP
$54.1B
| $147M | 0.27% | 3,873,800 +751,500 | +24% | +$28.5M |
|
80
Target
TGT
$43.6B
| $146M | 0.27% | 1,855,111 +420,700 | +29% | +$33.2M |
|
81
Danaher
DHR
$147B
| $146M | 0.27% | 1,602,344 +484,900 | +43% | +$44.1M |
|
82
Texas Instruments
TXN
$184B
| $145M | 0.27% | 2,635,394 +769,900 | +41% | +$42.4M |
|
83
Biogen
BIIB
$19.4B
| $144M | 0.27% | 579,099 +151,900 | +36% | +$37.9M |
|
|
TWX
84
DELISTED
Time Warner Inc
TWX
| $144M | 0.26% | 2,077,108 +595,200 | +40% | +$41.4M |
|
|
TWC
85
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $144M | 0.26% | 735,789 +221,800 | +43% | +$43.5M |
|
86
DuPont de Nemours
DD
$32.2B
| $142M | 0.26% | 2,921,082 +876,800 | +43% | +$42.7M |
|
87
Thermo Fisher Scientific
TMO
$186B
| $141M | 0.26% | 1,036,732 +312,900 | +43% | +$42.5M |
|
88
Consolidated Edison
ED
$35.4B
| $141M | 0.26% | 1,914,371 +200,700 | +12% | +$14.7M |
|
|
DD
89
DELISTED
Du Pont De Nemours E I
DD
| $138M | 0.25% | 2,276,991 +633,200 | +39% | +$38.4M |
|
90
Chubb
CB
$110B
| $137M | 0.25% | 1,197,220 +609,169 | +104% | +$69.6M |
|
|
ESRX
91
DELISTED
Express Scripts Holding Company
ESRX
| $135M | 0.25% | 2,043,598 +522,100 | +34% | +$34.4M |
|
|
GG
92
DELISTED
Goldcorp Inc
GG
| $133M | 0.24% | 8,481,300 +756,300 | +10% | +$11.8M |
|
93
ConocoPhillips
COP
$124B
| $131M | 0.24% | 3,404,429 +961,600 | +39% | +$37.1M |
|
94
Occidental Petroleum
OXY
$46.9B
| $130M | 0.24% | 1,984,143 +596,200 | +43% | +$39.1M |
|
|
RAI
95
DELISTED
Reynolds American Inc
RAI
| $130M | 0.24% | 2,689,174 +658,800 | +32% | +$31.8M |
|
|
EMC
96
DELISTED
EMC CORPORATION
EMC
| $129M | 0.24% | 5,037,097 +1,541,500 | +44% | +$39.4M |
|
97
Becton Dickinson
BDX
$55.3B
| $125M | 0.23% | 860,738 +158,100 | +23% | +$23M |
|
98
Ford
F
$46.8B
| $124M | 0.23% | 9,619,935 +2,893,800 | +43% | +$37.4M |
|
99
AvalonBay Communities
AVB
$27.9B
| $124M | 0.23% | 681,280 +115,300 | +20% | +$21M |
|
100
AutoZone
AZO
$70.2B
| $120M | 0.22% | 157,491 +20,100 | +15% | +$15.3M |
|