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 |
Berkshire Hathaway Class B
BRK.B
|
$1.6B |
| 2 |
American Express
AXP
|
$398M |
| 3 |
Capital One
COF
|
$151M |
| 4 |
Apollo Global Management
APO
|
$111M |
| 5 |
DFS
Discover Financial Services
DFS
|
$109M |
Top Sells
| 1 |
Apple
AAPL
|
$1.16B |
| 2 |
Microsoft
MSFT
|
$873M |
| 3 |
Amazon
AMZN
|
$403M |
| 4 |
NVIDIA
NVDA
|
$356M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$283M |
Sector Composition
| 1 | Technology | 30.21% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.23% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Equinix
EQIX
$76.9B
| $265M | 0.18% | 337,803 -29,400 | -8% | -$23M |
|
102
Canadian National Railway
CNI
$60.4B
| $259M | 0.18% | 2,138,200 -169,500 | -7% | -$20.5M |
|
103
PayPal
PYPL
$67.1B
| $257M | 0.17% | 3,852,400 -445,700 | -10% | -$29.7M |
|
104
Aon
AON
$79.1B
| $256M | 0.17% | 741,000 -80,000 | -10% | -$27.6M |
|
105
Waste Management
WM
$91.2B
| $255M | 0.17% | 1,469,200 -159,800 | -10% | -$27.7M |
|
106
CSX Corp
CSX
$60.6B
| $252M | 0.17% | 7,398,200 -945,400 | -11% | -$32.2M |
|
107
Schlumberger
SLB
$55B
| $252M | 0.17% | 5,129,227 -498,300 | -9% | -$24.5M |
|
108
Duke Energy
DUK
$95.3B
| $250M | 0.17% | 2,783,341 -272,800 | -9% | -$24.5M |
|
109
Micron Technology
MU
$133B
| $249M | 0.17% | 3,952,600 -361,900 | -8% | -$22.8M |
|
110
EOG Resources
EOG
$68.2B
| $243M | 0.17% | 2,122,800 -208,300 | -9% | -$23.8M |
|
111
KLA
KLAC
$115B
| $243M | 0.16% | 500,200 -62,300 | -11% | -$30.2M |
|
112
Air Products & Chemicals
APD
$65.5B
| $240M | 0.16% | 802,100 -78,400 | -9% | -$23.5M |
|
113
Synopsys
SNPS
$112B
| $239M | 0.16% | 550,000 -56,800 | -9% | -$24.7M |
|
114
Northrop Grumman
NOC
$84.5B
| $238M | 0.16% | 521,945 -58,500 | -10% | -$26.7M |
|
115
Sherwin-Williams
SHW
$91.2B
| $235M | 0.16% | 886,800 -90,200 | -9% | -$23.9M |
|
116
Canadian Natural Resources
CNQ
$65.9B
| $235M | 0.16% | 4,166,731 -279,400 | -6% | -$15.7M |
|
117
Cadence Design Systems
CDNS
$95.5B
| $231M | 0.16% | 986,800 -101,900 | -9% | -$23.9M |
|
118
HCA Healthcare
HCA
$94.5B
| $228M | 0.15% | 751,000 -90,500 | -11% | -$27.5M |
|
|
ATVI
119
DELISTED
Activision Blizzard Inc.
ATVI
| $227M | 0.15% | 2,690,900 -415,100 | -13% | -$35M |
|
120
Colgate-Palmolive
CL
$67.9B
| $220M | 0.15% | 2,855,100 -293,800 | -9% | -$22.6M |
|
121
Target
TGT
$43.6B
| $219M | 0.15% | 1,662,700 -164,000 | -9% | -$21.6M |
|
122
Ford
F
$46.8B
| $215M | 0.15% | 14,190,686 -1,483,900 | -9% | -$22.5M |
|
123
FedEx
FDX
$54.5B
| $214M | 0.15% | 862,500 -118,600 | -12% | -$29.4M |
|
124
Chipotle Mexican Grill
CMG
$56.5B
| $213M | 0.15% | 99,800 -10,200 | -9% | -$21.8M |
|
125
O'Reilly Automotive
ORLY
$88B
| $212M | 0.14% | 222,300 -26,000 | -10% | -$24.8M |
|