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 |
DXC Technology
DXC
|
$79.7M |
| 2 |
Dell
DELL
|
$68M |
| 3 |
RAI
Reynolds American Inc
RAI
|
$63M |
| 4 |
Microsoft
MSFT
|
$55.1M |
| 5 |
Altria Group
MO
|
$54.8M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
$149M |
| 2 |
BCR
CR Bard Inc.
BCR
|
$67.4M |
| 3 |
Xerox
XRX
|
$65.1M |
| 4 |
MJN
Mead Johnson Nutrition Company
MJN
|
$58.3M |
| 5 |
VAL
Valspar
VAL
|
$38.8M |
Sector Composition
| 1 | Technology | 16.86% |
| 2 | Healthcare | 15.56% |
| 3 | Consumer Discretionary | 10.99% |
| 4 | Communication Services | 10.48% |
| 5 | Industrials | 10.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATVI
126
DELISTED
Activision Blizzard Inc.
ATVI
| $149M | 0.18% | 2,579,634 +472,900 | +22% | +$27.2M |
|
127
Constellation Brands
STZ
$28.5B
| $148M | 0.18% | 763,016 -30,500 | -4% | -$5.91M |
|
128
Cognizant
CTSH
$35.3B
| $147M | 0.17% | 2,215,430 +65,700 | +3% | +$4.36M |
|
129
Marsh & McLennan
MMC
$101B
| $147M | 0.17% | 1,880,363 +53,400 | +3% | +$4.16M |
|
130
Fiserv
FI
$75.1B
| $145M | 0.17% | 1,184,872 +15,900 | +1% | +$1.95M |
|
131
Manulife Financial
MFC
$52.2B
| $143M | 0.17% | 7,634,100 -356,600 | -4% | -$6.69M |
|
132
Allstate
ALL
$53.6B
| $142M | 0.17% | 1,602,573 +29,800 | +2% | +$2.64M |
|
|
ESRX
133
DELISTED
Express Scripts Holding Company
ESRX
| $141M | 0.17% | 2,211,798 +26,900 | +1% | +$1.72M |
|
134
Kinder Morgan
KMI
$60B
| $141M | 0.17% | 7,336,469 +613,000 | +9% | +$11.7M |
|
135
Emerson Electric
EMR
$74.3B
| $141M | 0.17% | 2,356,773 +79,200 | +3% | +$4.72M |
|
136
Equinix
EQIX
$76.9B
| $140M | 0.17% | 327,009 +55,600 | +20% | +$23.9M |
|
137
Regeneron Pharmaceuticals
REGN
$61.5B
| $140M | 0.17% | 285,400 +10,100 | +4% | +$4.96M |
|
138
eBay
EBAY
$41.4B
| $139M | 0.17% | 3,990,091 -133,800 | -3% | -$4.67M |
|
139
Halliburton
HAL
$19.4B
| $135M | 0.16% | 3,167,697 +104,500 | +3% | +$4.46M |
|
140
Xcel Energy
XEL
$42.8B
| $135M | 0.16% | 2,945,883 +58,300 | +2% | +$2.67M |
|
141
Ecolab
ECL
$78.6B
| $134M | 0.16% | 1,010,242 +29,500 | +3% | +$3.92M |
|
142
Fidelity National Information Services
FIS
$36.5B
| $133M | 0.16% | 1,557,113 +97,200 | +7% | +$8.3M |
|
143
Phillips 66
PSX
$54B
| $133M | 0.16% | 1,607,114 -54,000 | -3% | -$4.47M |
|
144
Baxter International
BAX
$12.7B
| $133M | 0.16% | 2,188,839 +42,300 | +2% | +$2.56M |
|
145
American Electric Power
AEP
$59.4B
| $132M | 0.16% | 1,900,289 +157,900 | +9% | +$11M |
|
146
Aon
AON
$79.1B
| $132M | 0.16% | 990,371 +27,000 | +3% | +$3.59M |
|
147
Travelers Companies
TRV
$61.1B
| $129M | 0.15% | 1,021,216 +14,700 | +1% | +$1.86M |
|
148
Norfolk Southern
NSC
$62.8B
| $129M | 0.15% | 1,060,947 +26,600 | +3% | +$3.24M |
|
149
Eaton
ETN
$136B
| $128M | 0.15% | 1,641,978 +41,400 | +3% | +$3.22M |
|
150
McKesson
MCK
$85.4B
| $127M | 0.15% | 774,191 -26,800 | -3% | -$4.41M |
|