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 |
CRH
CRH
|
$150M |
| 2 |
Kenvue
KVUE
|
$98.9M |
| 3 |
Sempra
SRE
|
$60.4M |
| 4 |
Copart
CPRT
|
$52.4M |
| 5 |
Textron
TXT
|
$50.7M |
Top Sells
| 1 |
Apple
AAPL
|
$1.12B |
| 2 |
Microsoft
MSFT
|
$890M |
| 3 |
Amazon
AMZN
|
$463M |
| 4 |
NVIDIA
NVDA
|
$425M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$316M |
Sector Composition
| 1 | Technology | 29.44% |
| 2 | Healthcare | 13.62% |
| 3 | Consumer Discretionary | 11.97% |
| 4 | Industrials | 9.14% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Palo Alto Networks
PANW
$127B
| $231M | 0.18% | 983,900 -109,100 | -10% | -$25.6M |
|
102
Southern Company
SO
$102B
| $227M | 0.18% | 3,507,300 -434,900 | -11% | -$28.1M |
|
103
Illinois Tool Works
ITW
$77.1B
| $225M | 0.18% | 977,200 -123,700 | -11% | -$28.5M |
|
104
Synopsys
SNPS
$112B
| $225M | 0.18% | 489,500 -60,500 | -11% | -$27.8M |
|
105
Fiserv
FI
$75.1B
| $224M | 0.18% | 1,985,486 -265,000 | -12% | -$29.9M |
|
106
Shopify
SHOP
$184B
| $221M | 0.17% | 4,018,100 -486,700 | -11% | -$26.8M |
|
107
Duke Energy
DUK
$95.3B
| $219M | 0.17% | 2,478,741 -304,600 | -11% | -$26.9M |
|
108
Equinix
EQIX
$76.9B
| $219M | 0.17% | 300,903 -36,900 | -11% | -$26.8M |
|
109
Aon
AON
$79.1B
| $213M | 0.17% | 657,000 -84,000 | -11% | -$27.2M |
|
110
Marathon Petroleum
MPC
$54.6B
| $207M | 0.16% | 1,364,866 -230,000 | -14% | -$34.8M |
|
111
Canadian National Railway
CNI
$60.4B
| $206M | 0.16% | 1,886,100 -252,100 | -12% | -$27.5M |
|
112
Cadence Design Systems
CDNS
$95.5B
| $206M | 0.16% | 877,200 -109,600 | -11% | -$25.7M |
|
113
Northrop Grumman
NOC
$84.5B
| $204M | 0.16% | 464,045 -57,900 | -11% | -$25.5M |
|
114
FedEx
FDX
$54.5B
| $203M | 0.16% | 768,100 -94,400 | -11% | -$25M |
|
115
CSX Corp
CSX
$60.6B
| $203M | 0.16% | 6,588,700 -809,500 | -11% | -$24.9M |
|
116
Air Products & Chemicals
APD
$65.5B
| $202M | 0.16% | 714,500 -87,600 | -11% | -$24.8M |
|
117
KLA
KLAC
$115B
| $202M | 0.16% | 441,400 -58,800 | -12% | -$27M |
|
118
Sherwin-Williams
SHW
$91.2B
| $201M | 0.16% | 788,100 -98,700 | -11% | -$25.2M |
|
119
Waste Management
WM
$91.2B
| $199M | 0.16% | 1,308,600 -160,600 | -11% | -$24.5M |
|
120
PayPal
PYPL
$67.1B
| $199M | 0.16% | 3,409,300 -443,100 | -12% | -$25.9M |
|
121
Humana
HUM
$36.5B
| $196M | 0.15% | 401,900 -49,900 | -11% | -$24.3M |
|
122
McKesson
MCK
$85.4B
| $190M | 0.15% | 435,850 -58,800 | -12% | -$25.6M |
|
123
Mercado Libre
MELI
$125B
| $184M | 0.14% | 145,400 -17,900 | -11% | -$22.7M |
|
124
Airbnb
ABNB
$79.9B
| $182M | 0.14% | 1,326,600 -166,400 | -11% | -$22.8M |
|
125
Colgate-Palmolive
CL
$67.9B
| $180M | 0.14% | 2,533,900 -321,200 | -11% | -$22.8M |
|