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 | |
|---|---|---|---|---|---|---|
126
McKesson
MCK
$85.4B
| $211M | 0.14% |
494,650
-68,100
| -12% | -$29.1M |
|
127
Edwards Lifesciences
EW
$47.8B
| $206M | 0.14% |
2,189,000
-264,600
| -11% | -$25M |
|
128
Humana
HUM
$36.5B
| $202M | 0.14% |
451,800
-50,600
| -10% | -$22.6M |
|
129
3M
MMM
$82.8B
| $199M | 0.14% |
1,991,639
-201,900
| -9% | -$20.2M |
|
130
General Motors
GM
$55.8B
| $194M | 0.13% |
5,037,000
-601,200
| -11% | -$23.2M |
|
131
Mercado Libre
MELI
$125B
| $193M | 0.13% |
163,300
-16,300
| -9% | -$19.3M |
|
132
NXP Semiconductors
NXPI
$59.2B
| $192M | 0.13% |
938,129
-90,300
| -9% | -$18.5M |
|
133
Airbnb
ABNB
$79.9B
| $191M | 0.13% |
1,493,000
-8,400
| -0.6% | -$1.08M |
|
134
Emerson Electric
EMR
$74.3B
| $187M | 0.13% |
2,063,800
-283,300
| -12% | -$25.6M |
|
135
Norfolk Southern
NSC
$62.8B
| $186M | 0.13% |
822,100
-96,700
| -11% | -$21.9M |
|
136
Marathon Petroleum
MPC
$54.6B
| $186M | 0.13% |
1,594,866
-265,100
| -14% | -$30.9M |
|
137
Marvell Technology
MRVL
$54.2B
| $185M | 0.13% |
3,094,803
-288,900
| -9% | -$17.3M |
|
138
Roper Technologies
ROP
$56.6B
| $184M | 0.13% |
383,600
-37,300
| -9% | -$17.9M |
|
139
Amphenol
APH
$133B
| $183M | 0.12% |
2,149,800
-211,800
| -9% | -$18M |
|
140
Fortinet
FTNT
$60.4B
| $182M | 0.12% |
2,407,000
-228,300
| -9% | -$17.3M |
|
141
General Dynamics
GD
$87.3B
| $181M | 0.12% |
843,346
-82,800
| -9% | -$17.8M |
|
142
Parker-Hannifin
PH
$96.2B
| $181M | 0.12% |
463,200
-46,400
| -9% | -$18.1M |
|
143
DexCom
DXCM
$29.5B
| $180M | 0.12% |
1,400,000
-132,800
| -9% | -$17.1M |
|
144
Crown Castle
CCI
$43.2B
| $178M | 0.12% |
1,566,300
-152,300
| -9% | -$17.4M |
|
145
Motorola Solutions
MSI
$78.7B
| $177M | 0.12% |
604,843
-58,600
| -9% | -$17.2M |
|
146
Microchip Technology
MCHP
$35.1B
| $177M | 0.12% |
1,978,514
-204,300
| -9% | -$18.3M |
|
147
TransDigm Group
TDG
$78.8B
| $176M | 0.12% |
197,200
-7,700
| -4% | -$6.89M |
|
|
PXD
148
DELISTED
Pioneer Natural Resource Co.
PXD
| $175M | 0.12% |
844,224
-51,600
| -6% | -$10.7M |
|
149
Marriott International Class A Common Stock
MAR
$72.7B
| $174M | 0.12% |
948,238
-119,600
| -11% | -$22M |
|
150
Ecolab
ECL
$78.6B
| $173M | 0.12% |
925,194
-92,200
| -9% | -$17.2M |
|