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 |
Walmart
WMT
|
$522M |
| 2 |
Flutter Entertainment
FLUT
|
$119M |
| 3 |
Old Dominion Freight Line
ODFL
|
$61.5M |
| 4 |
Cooper Companies
COO
|
$44.5M |
| 5 |
Corebridge Financial
CRBG
|
$21.5M |
Top Sells
| 1 |
Apple
AAPL
|
$840M |
| 2 |
Microsoft
MSFT
|
$390M |
| 3 |
NVIDIA
NVDA
|
$295M |
| 4 |
Amazon
AMZN
|
$214M |
| 5 |
Meta Platforms (Facebook)
META
|
$147M |
Sector Composition
| 1 | Technology | 31.25% |
| 2 | Healthcare | 12.76% |
| 3 | Consumer Discretionary | 11.79% |
| 4 | Industrials | 9.5% |
| 5 | Communication Services | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
FedEx
FDX
$54.5B
| $206M | 0.14% | 710,900 -36,000 | -5% | -$10.4M |
|
127
PayPal
PYPL
$67.1B
| $205M | 0.14% | 3,067,300 -194,600 | -6% | -$13M |
|
128
Northrop Grumman
NOC
$84.5B
| $205M | 0.14% | 428,945 -20,700 | -5% | -$9.91M |
|
129
Trane Technologies
TT
$92.5B
| $205M | 0.14% | 681,503 -32,700 | -5% | -$9.82M |
|
130
TransDigm Group
TDG
$78.8B
| $204M | 0.14% | 165,700 -6,800 | -4% | -$8.37M |
|
131
CRH
CRH
$75.9B
| $203M | 0.14% | 2,347,043 -216,658 | -8% | -$18.7M |
|
132
HCA Healthcare
HCA
$94.5B
| $200M | 0.14% | 601,100 -36,800 | -6% | -$12.3M |
|
133
Aon
AON
$79.1B
| $200M | 0.14% | 599,600 -34,800 | -5% | -$11.6M |
|
134
O'Reilly Automotive
ORLY
$88B
| $200M | 0.14% | 177,100 -11,300 | -6% | -$12.8M |
|
135
General Dynamics
GD
$87.3B
| $196M | 0.14% | 694,746 -31,000 | -4% | -$8.76M |
|
136
PACCAR
PCAR
$52.5B
| $194M | 0.14% | 1,566,525 -68,300 | -4% | -$8.46M |
|
137
Emerson Electric
EMR
$74.3B
| $194M | 0.14% | 1,707,400 -79,700 | -4% | -$9.04M |
|
138
NXP Semiconductors
NXPI
$59.2B
| $191M | 0.13% | 772,029 -34,100 | -4% | -$8.45M |
|
139
Marriott International Class A Common Stock
MAR
$72.7B
| $189M | 0.13% | 747,538 -45,100 | -6% | -$11.4M |
|
140
Cintas
CTAS
$84.6B
| $188M | 0.13% | 273,200 -13,500 | -5% | -$9.27M |
|
141
Stellantis
STLA
$27.8B
| $188M | 0.13% | 6,591,286 -530,626 | -7% | -$15.1M |
|
142
General Motors
GM
$55.8B
| $186M | 0.13% | 4,101,200 -201,300 | -5% | -$9.13M |
|
|
PXD
143
DELISTED
Pioneer Natural Resource Co.
PXD
| $184M | 0.13% | 699,524 -30,100 | -4% | -$7.9M |
|
144
Marvell Technology
MRVL
$54.2B
| $184M | 0.13% | 2,588,903 -109,100 | -4% | -$7.73M |
|
145
Roper Technologies
ROP
$56.6B
| $179M | 0.13% | 319,900 -13,800 | -4% | -$7.74M |
|
146
Ecolab
ECL
$78.6B
| $177M | 0.12% | 768,494 -33,600 | -4% | -$7.76M |
|
147
Constellation Energy
CEG
$96.2B
| $177M | 0.12% | 956,351 -49,300 | -5% | -$9.11M |
|
148
Motorola Solutions
MSI
$78.7B
| $176M | 0.12% | 497,043 -25,300 | -5% | -$8.98M |
|
149
3M
MMM
$82.8B
| $175M | 0.12% | 1,654,039 -72,100 | -4% | -$7.65M |
|
150
Valero Energy
VLO
$47.2B
| $174M | 0.12% | 1,019,600 -84,600 | -8% | -$14.4M |
|