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 |
NVIDIA
NVDA
|
$1.52B |
| 2 |
Snowflake
SNOW
|
$199M |
| 3 |
Amazon
AMZN
|
$162M |
| 4 |
Analog Devices
ADI
|
$104M |
| 5 |
Palantir
PLTR
|
$94.3M |
Top Sells
| 1 |
GE Aerospace
GE
|
$3.24B |
| 2 |
Apple
AAPL
|
$350M |
| 3 |
Microsoft
MSFT
|
$261M |
| 4 |
L3Harris
LHX
|
$185M |
| 5 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$166M |
Sector Composition
| 1 | Technology | 27.74% |
| 2 | Healthcare | 14.18% |
| 3 | Consumer Discretionary | 13.57% |
| 4 | Communication Services | 11.55% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prologis
PLD
$106B
| $367M | 0.23% | 2,924,995 -90,400 | -3% | -$11.3M |
|
77
Zoetis
ZTS
$69.3B
| $364M | 0.23% | 1,877,187 -60,400 | -3% | -$11.7M |
|
78
ConocoPhillips
COP
$124B
| $362M | 0.23% | 5,335,629 -188,400 | -3% | -$12.8M |
|
79
Elevance Health
ELV
$71.8B
| $361M | 0.23% | 968,032 -30,600 | -3% | -$11.4M |
|
|
80
Analog Devices
ADI
$124B
| $356M | 0.23% | 2,126,748 +622,568 | +41% | +$104M |
|
81
Stryker
SYK
$150B
| $354M | 0.22% | 1,340,656 -39,900 | -3% | -$10.5M |
|
82
Gilead Sciences
GILD
$140B
| $346M | 0.22% | 4,959,098 -164,800 | -3% | -$11.5M |
|
83
Canadian National Railway
CNI
$60.4B
| $341M | 0.22% | 2,959,958 -85,100 | -3% | -$9.81M |
|
84
Automatic Data Processing
ADP
$123B
| $336M | 0.21% | 1,682,523 -62,400 | -4% | -$12.5M |
|
85
Enbridge
ENB
$105B
| $335M | 0.21% | 8,440,785 -242,400 | -3% | -$9.61M |
|
86
Altria Group
MO
$113B
| $333M | 0.21% | 7,317,632 -260,300 | -3% | -$11.8M |
|
87
Mondelez International
MDLZ
$79.5B
| $323M | 0.21% | 5,554,275 -203,700 | -4% | -$11.9M |
|
88
Lam Research
LRCX
$127B
| $321M | 0.2% | 563,932 -18,800 | -3% | -$10.7M |
|
89
Micron Technology
MU
$133B
| $315M | 0.2% | 4,438,564 -122,800 | -3% | -$8.72M |
|
90
T-Mobile US
TMUS
$284B
| $315M | 0.2% | 2,465,081 -68,800 | -3% | -$8.79M |
|
91
TJX Companies
TJX
$152B
| $315M | 0.2% | 4,768,659 -127,100 | -3% | -$8.39M |
|
92
Chubb
CB
$110B
| $308M | 0.2% | 1,778,137 -57,700 | -3% | -$10M |
|
93
Marsh & McLennan
MMC
$101B
| $304M | 0.19% | 2,010,813 -61,400 | -3% | -$9.3M |
|
94
Fidelity National Information Services
FIS
$36.5B
| $298M | 0.19% | 2,452,069 -80,600 | -3% | -$9.81M |
|
95
Mercado Libre
MELI
$125B
| $298M | 0.19% | 177,349 -5,700 | -3% | -$9.57M |
|
96
Duke Energy
DUK
$95.3B
| $297M | 0.19% | 3,041,500 -92,800 | -3% | -$9.06M |
|
97
Crown Castle
CCI
$43.2B
| $297M | 0.19% | 1,711,271 -47,400 | -3% | -$8.22M |
|
98
Becton Dickinson
BDX
$55.3B
| $283M | 0.18% | 1,149,846 -34,900 | -3% | -$8.58M |
|
99
Sherwin-Williams
SHW
$91.2B
| $281M | 0.18% | 1,005,342 -36,000 | -3% | -$10.1M |
|
100
Equinix
EQIX
$76.9B
| $280M | 0.18% | 354,159 -9,900 | -3% | -$7.82M |
|