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 |
Linde
LIN
|
$299M |
| 2 |
General Dynamics
GD
|
$129M |
| 3 |
TJX Companies
TJX
|
$120M |
| 4 |
Cigna
CI
|
$86.9M |
| 5 |
CVS Health
CVS
|
$75M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$234M |
| 2 |
Northrop Grumman
NOC
|
$218M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$170M |
| 4 |
PX
Praxair Inc
PX
|
$168M |
| 5 |
COL
Rockwell Collins
COL
|
$116M |
Sector Composition
| 1 | Technology | 18.92% |
| 2 | Healthcare | 16.26% |
| 3 | Consumer Discretionary | 11.53% |
| 4 | Communication Services | 10.14% |
| 5 | Industrials | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Suncor Energy
SU
$50.1B
| $158M | 0.2% | 5,644,512 -74,300 | -1% | -$2.08M |
|
102
Public Storage
PSA
$51.7B
| $154M | 0.2% | 759,935 +3,700 | +0.5% | +$749K |
|
103
Humana
HUM
$36.5B
| $153M | 0.2% | 535,426 +6,400 | +1% | +$1.83M |
|
104
Fidelity National Information Services
FIS
$36.5B
| $152M | 0.19% | 1,477,613 +3,600 | +0.2% | +$369K |
|
105
Deere & Co
DE
$130B
| $148M | 0.19% | 993,519 +10,200 | +1% | +$1.52M |
|
|
AGN
106
DELISTED
Allergan plc
AGN
| $147M | 0.19% | 1,103,486 +21,200 | +2% | +$2.83M |
|
107
AvalonBay Communities
AVB
$27.9B
| $147M | 0.19% | 845,380 -500 | -0.1% | -$87K |
|
108
Progressive
PGR
$145B
| $147M | 0.19% | 2,431,234 +24,800 | +1% | +$1.5M |
|
|
CELG
109
DELISTED
Celgene Corp
CELG
| $147M | 0.19% | 2,286,596 -27,200 | -1% | -$1.74M |
|
110
American Electric Power
AEP
$59.4B
| $147M | 0.19% | 1,960,489 +22,500 | +1% | +$1.68M |
|
111
Illumina
ILMN
$15.8B
| $143M | 0.18% | 477,845 +8,600 | +2% | +$2.58M |
|
112
Xcel Energy
XEL
$42.8B
| $143M | 0.18% | 2,898,383 +3,800 | +0.1% | +$187K |
|
113
Exelon
EXC
$44.1B
| $142M | 0.18% | 3,140,030 +58,300 | +2% | +$2.63M |
|
114
Baxter International
BAX
$12.7B
| $140M | 0.18% | 2,122,139 +17,000 | +0.8% | +$1.12M |
|
115
Marsh & McLennan
MMC
$101B
| $139M | 0.18% | 1,745,063 +35,600 | +2% | +$2.84M |
|
116
Tesla
TSLA
$1.08T
| $138M | 0.18% | 415,885 +9,300 | +2% | +$3.1M |
|
117
General Motors
GM
$55.8B
| $138M | 0.18% | 4,127,857 +78,500 | +2% | +$2.63M |
|
118
Vertex Pharmaceuticals
VRTX
$100B
| $138M | 0.18% | 830,909 +17,400 | +2% | +$2.88M |
|
119
Newmont
NEM
$81.7B
| $137M | 0.18% | 3,967,932 +42,900 | +1% | +$1.49M |
|
120
Clorox
CLX
$14.5B
| $137M | 0.18% | 889,392 -37,800 | -4% | -$5.83M |
|
121
Norfolk Southern
NSC
$62.8B
| $136M | 0.17% | 910,547 +8,700 | +1% | +$1.3M |
|
122
Zoetis
ZTS
$69.3B
| $134M | 0.17% | 1,565,980 +21,400 | +1% | +$1.83M |
|
123
Ecolab
ECL
$78.6B
| $133M | 0.17% | 903,542 +15,000 | +2% | +$2.21M |
|
124
Marathon Petroleum
MPC
$54.6B
| $133M | 0.17% | 2,245,582 +771,186 | +52% | +$45.5M |
|
125
FedEx
FDX
$54.5B
| $132M | 0.17% | 816,668 +6,400 | +0.8% | +$1.03M |
|