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 |
Walmart
WMT
|
$522M |
| 2 |
Flutter Entertainment
FLUT
|
$119M |
| 3 |
Old Dominion Freight Line
ODFL
|
$61.5M |
| 4 |
Cooper Companies
COO
|
$44.5M |
| 5 |
Corebridge Financial
CRBG
|
$21.5M |
Top Sells
| 1 |
Apple
AAPL
|
$840M |
| 2 |
Microsoft
MSFT
|
$390M |
| 3 |
NVIDIA
NVDA
|
$295M |
| 4 |
Amazon
AMZN
|
$214M |
| 5 |
Meta Platforms (Facebook)
META
|
$147M |
Sector Composition
| 1 | Technology | 31.25% |
| 2 | Healthcare | 12.76% |
| 3 | Consumer Discretionary | 11.79% |
| 4 | Industrials | 9.5% |
| 5 | Communication Services | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Deere & Co
DE
$130B
| $327M | 0.23% | 796,600 -59,000 | -7% | -$24.2M |
|
77
Vertex Pharmaceuticals
VRTX
$100B
| $323M | 0.23% | 771,700 -35,400 | -4% | -$14.8M |
|
78
United Parcel Service
UPS
$74.1B
| $322M | 0.23% | 2,165,900 -95,800 | -4% | -$14.2M |
|
79
Cigna
CI
$80.3B
| $318M | 0.22% | 876,301 -49,200 | -5% | -$17.9M |
|
80
Chubb
CB
$110B
| $317M | 0.22% | 1,221,891 -62,500 | -5% | -$16.2M |
|
81
Starbucks
SBUX
$100B
| $310M | 0.22% | 3,390,700 -191,000 | -5% | -$17.5M |
|
82
Regeneron Pharmaceuticals
REGN
$61.5B
| $309M | 0.22% | 320,800 -13,000 | -4% | -$12.5M |
|
83
Automatic Data Processing
ADP
$123B
| $308M | 0.22% | 1,231,800 -56,500 | -4% | -$14.1M |
|
84
CVS Health
CVS
$92.8B
| $307M | 0.22% | 3,853,860 -162,500 | -4% | -$13M |
|
85
Marsh & McLennan
MMC
$101B
| $304M | 0.21% | 1,476,600 -68,000 | -4% | -$14M |
|
86
Boston Scientific
BSX
$156B
| $300M | 0.21% | 4,387,200 -191,500 | -4% | -$13.1M |
|
87
Analog Devices
ADI
$124B
| $294M | 0.21% | 1,486,275 -72,000 | -5% | -$14.2M |
|
88
Fiserv
FI
$75.1B
| $287M | 0.2% | 1,797,386 -108,900 | -6% | -$17.4M |
|
89
Mondelez International
MDLZ
$79.5B
| $285M | 0.2% | 4,075,524 -178,500 | -4% | -$12.5M |
|
90
KLA
KLAC
$115B
| $284M | 0.2% | 407,100 -19,200 | -5% | -$13.4M |
|
91
Shopify
SHOP
$184B
| $281M | 0.2% | 3,641,600 -270,500 | -7% | -$20.9M |
|
92
American Tower
AMT
$95.5B
| $276M | 0.19% | 1,396,000 -61,700 | -4% | -$12.2M |
|
93
Gilead Sciences
GILD
$140B
| $273M | 0.19% | 3,731,500 -164,800 | -4% | -$12.1M |
|
94
Palo Alto Networks
PANW
$127B
| $268M | 0.19% | 944,200 -20,800 | -2% | -$5.91M |
|
95
Synopsys
SNPS
$112B
| $260M | 0.18% | 455,200 -20,400 | -4% | -$11.7M |
|
96
Waste Management
WM
$91.2B
| $257M | 0.18% | 1,206,300 -60,400 | -5% | -$12.9M |
|
97
T-Mobile US
TMUS
$284B
| $254M | 0.18% | 1,558,502 -97,000 | -6% | -$15.8M |
|
98
Cadence Design Systems
CDNS
$95.5B
| $254M | 0.18% | 814,800 -34,900 | -4% | -$10.9M |
|
99
Sherwin-Williams
SHW
$91.2B
| $253M | 0.18% | 728,200 -35,700 | -5% | -$12.4M |
|
100
Canadian Pacific Kansas City
CP
$69.9B
| $248M | 0.17% | 2,814,493 -214,100 | -7% | -$18.9M |
|