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 |
Arista Networks
ANET
|
$246M |
| 2 |
Lam Research
LRCX
|
$236M |
| 3 |
Spotify
SPOT
|
$189M |
| 4 |
Palo Alto Networks
PANW
|
$160M |
| 5 |
Tractor Supply
TSCO
|
$63.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$500M |
| 2 |
Microsoft
MSFT
|
$426M |
| 3 |
Amazon
AMZN
|
$245M |
| 4 |
Meta Platforms (Facebook)
META
|
$194M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$167M |
Sector Composition
| 1 | Technology | 33.9% |
| 2 | Consumer Discretionary | 12.65% |
| 3 | Healthcare | 10.7% |
| 4 | Communication Services | 9.68% |
| 5 | Industrials | 8.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Constellation Energy
CEG
$96.2B
| $198M | 0.13% | 883,251 -52,400 | -6% | -$11.7M |
|
127
EOG Resources
EOG
$68.2B
| $197M | 0.13% | 1,606,300 -99,500 | -6% | -$12.2M |
|
128
Canadian Pacific Kansas City
CP
$69.9B
| $196M | 0.13% | 2,708,993 -111,900 | -4% | -$8.1M |
|
129
O'Reilly Automotive
ORLY
$88B
| $194M | 0.13% | 163,800 -10,900 | -6% | -$12.9M |
|
130
Capital One
COF
$145B
| $192M | 0.13% | 1,078,700 -54,900 | -5% | -$9.79M |
|
131
Applovin
APP
$162B
| $190M | 0.13% | 587,390 -18,900 | -3% | -$6.12M |
|
132
Canadian Natural Resources
CNQ
$65.9B
| $189M | 0.13% | 6,135,562 -300,000 | -5% | -$9.26M |
|
|
133
Spotify
SPOT
$140B
| $189M | 0.13% | +422,900 | New | +$189M |
|
134
Marriott International Class A Common Stock
MAR
$72.7B
| $189M | 0.13% | 676,038 -44,500 | -6% | -$12.4M |
|
135
Cintas
CTAS
$84.6B
| $187M | 0.12% | 1,025,300 -59,100 | -5% | -$10.8M |
|
136
Williams Companies
WMB
$70.7B
| $186M | 0.12% | 3,443,500 -173,800 | -5% | -$9.41M |
|
137
Apollo Global Management
APO
$77.9B
| $186M | 0.12% | 1,126,214 -56,000 | -5% | -$9.25M |
|
138
Becton Dickinson
BDX
$55.3B
| $185M | 0.12% | 816,602 -41,200 | -5% | -$9.35M |
|
139
FedEx
FDX
$54.5B
| $184M | 0.12% | 655,700 -33,200 | -5% | -$9.34M |
|
140
Northrop Grumman
NOC
$84.5B
| $184M | 0.12% | 392,445 -24,800 | -6% | -$11.6M |
|
141
Air Products & Chemicals
APD
$65.5B
| $182M | 0.12% | 628,100 -31,700 | -5% | -$9.19M |
|
142
Autodesk
ADSK
$67.3B
| $180M | 0.12% | 607,400 -32,300 | -5% | -$9.55M |
|
143
CRH
CRH
$75.9B
| $178M | 0.12% | 1,928,860 -110,700 | -5% | -$10.2M |
|
144
CSX Corp
CSX
$60.6B
| $177M | 0.12% | 5,476,900 -322,200 | -6% | -$10.4M |
|
145
Target
TGT
$43.6B
| $176M | 0.12% | 1,301,400 -71,800 | -5% | -$9.71M |
|
146
General Dynamics
GD
$87.3B
| $174M | 0.12% | 659,846 -32,300 | -5% | -$8.51M |
|
147
Fortinet
FTNT
$60.4B
| $174M | 0.12% | 1,836,700 -90,700 | -5% | -$8.57M |
|
148
Hilton Worldwide
HLT
$64.9B
| $172M | 0.11% | 696,179 -45,900 | -6% | -$11.3M |
|
149
Ecolab
ECL
$78.6B
| $170M | 0.11% | 723,394 -39,400 | -5% | -$9.23M |
|
150
General Motors
GM
$55.8B
| $169M | 0.11% | 3,175,100 -209,900 | -6% | -$11.2M |
|