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 |
NextEra Energy, Inc.
NEE
|
$514M |
| 2 |
McCormick & Company Non-Voting
MKC
|
$81.8M |
| 3 |
NetEase
NTES
|
$79M |
| 4 |
Viatris
VTRS
|
$53.9M |
| 5 |
Pinduoduo
PDD
|
$46.6M |
Top Sells
| 1 |
Apple
AAPL
|
$385M |
| 2 |
Microsoft
MSFT
|
$198M |
| 3 |
Amazon
AMZN
|
$138M |
| 4 |
VER
VEREIT, Inc.
VER
|
$128M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$76.7M |
Sector Composition
| 1 | Technology | 26.42% |
| 2 | Healthcare | 14.37% |
| 3 | Consumer Discretionary | 13.81% |
| 4 | Communication Services | 10.63% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Regeneron Pharmaceuticals
REGN
$61.5B
| $288M | 0.2% | 596,122 +26,000 | +5% | +$12.6M |
|
102
Mercado Libre
MELI
$125B
| $283M | 0.2% | 168,946 -5,200 | -3% | -$8.71M |
|
103
Prologis
PLD
$106B
| $278M | 0.2% | 2,789,600 -85,400 | -3% | -$8.51M |
|
104
Progressive
PGR
$145B
| $268M | 0.19% | 2,705,506 -57,100 | -2% | -$5.65M |
|
105
CSX Corp
CSX
$60.6B
| $262M | 0.19% | 2,888,899 -90,700 | -3% | -$8.23M |
|
106
Lam Research
LRCX
$127B
| $260M | 0.18% | 550,044 -15,000 | -3% | -$7.08M |
|
107
Enbridge
ENB
$105B
| $260M | 0.18% | 8,113,731 -395,600 | -5% | -$12.7M |
|
108
Equinix
EQIX
$76.9B
| $259M | 0.18% | 363,109 -9,500 | -3% | -$6.78M |
|
109
Autodesk
ADSK
$67.3B
| $253M | 0.18% | 827,689 -25,400 | -3% | -$7.76M |
|
110
Dollar General
DG
$23.9B
| $248M | 0.18% | 1,179,372 -4,500 | -0.4% | -$946K |
|
111
FedEx
FDX
$54.5B
| $244M | 0.17% | 940,149 -25,900 | -3% | -$6.72M |
|
112
Global Payments
GPN
$21.5B
| $243M | 0.17% | 1,129,927 -34,400 | -3% | -$7.41M |
|
113
Illinois Tool Works
ITW
$77.1B
| $243M | 0.17% | 1,193,842 -35,900 | -3% | -$7.32M |
|
114
Humana
HUM
$36.5B
| $242M | 0.17% | 590,112 -12,900 | -2% | -$5.29M |
|
115
Marsh & McLennan
MMC
$101B
| $237M | 0.17% | 2,022,832 -71,100 | -3% | -$8.32M |
|
116
Zoom
ZM
$24.4B
| $231M | 0.16% | 683,900 +51,100 | +8% | +$17.2M |
|
117
Norfolk Southern
NSC
$62.8B
| $229M | 0.16% | 963,325 -34,000 | -3% | -$8.08M |
|
118
Air Products & Chemicals
APD
$65.5B
| $228M | 0.16% | 834,102 -25,600 | -3% | -$6.99M |
|
119
Sherwin-Williams
SHW
$91.2B
| $228M | 0.16% | 309,589 -8,500 | -3% | -$6.25M |
|
120
Estee Lauder
EL
$33B
| $226M | 0.16% | 848,789 -26,100 | -3% | -$6.95M |
|
121
Ecolab
ECL
$78.6B
| $223M | 0.16% | 1,030,896 -21,400 | -2% | -$4.63M |
|
122
Xcel Energy
XEL
$42.8B
| $220M | 0.16% | 3,305,015 -31,500 | -0.9% | -$2.1M |
|
123
Amphenol
APH
$133B
| $220M | 0.16% | 1,681,274 -12,700 | -0.7% | -$1.66M |
|
124
Kimberly-Clark
KMB
$42.8B
| $218M | 0.16% | 1,619,128 -30,400 | -2% | -$4.1M |
|
125
Edwards Lifesciences
EW
$47.8B
| $214M | 0.15% | 2,348,209 -63,800 | -3% | -$5.82M |
|