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 | |
|---|---|---|---|---|---|---|
151
Arthur J. Gallagher & Co
AJG
$77.6B
| $170M | 0.12% | 773,100 -63,700 | -8% | -$14M |
|
152
Johnson Controls International
JCI
$69.9B
| $169M | 0.11% | 2,481,981 -243,300 | -9% | -$16.6M |
|
153
Kimberly-Clark
KMB
$42.8B
| $168M | 0.11% | 1,218,700 -120,700 | -9% | -$16.7M |
|
154
Public Storage
PSA
$51.7B
| $167M | 0.11% | 571,400 -56,000 | -9% | -$16.3M |
|
155
Workday
WDAY
$61.6B
| $166M | 0.11% | 736,800 -60,900 | -8% | -$13.8M |
|
156
AutoZone
AZO
$70.2B
| $166M | 0.11% | 66,500 -8,900 | -12% | -$22.2M |
|
157
Sempra
SRE
$53.9B
| $165M | 0.11% | 1,136,500 -111,000 | -9% | -$16.2M |
|
158
Snowflake
SNOW
$79.6B
| $165M | 0.11% | 939,100 +50,100 | +6% | +$8.82M |
|
159
Cintas
CTAS
$84.6B
| $164M | 0.11% | 330,600 -32,100 | -9% | -$16M |
|
160
Estee Lauder
EL
$33B
| $164M | 0.11% | 836,800 -81,100 | -9% | -$15.9M |
|
161
Monster Beverage
MNST
$60.9B
| $163M | 0.11% | 2,835,000 -271,000 | -9% | -$15.6M |
|
162
General Mills
GIS
$26.4B
| $163M | 0.11% | 2,121,300 -234,200 | -10% | -$18M |
|
163
TE Connectivity
TEL
$61B
| $160M | 0.11% | 1,143,000 -116,000 | -9% | -$16.3M |
|
164
Phillips 66
PSX
$54B
| $159M | 0.11% | 1,664,650 -211,100 | -11% | -$20.1M |
|
165
Autodesk
ADSK
$67.3B
| $159M | 0.11% | 775,800 -81,000 | -9% | -$16.6M |
|
166
lululemon athletica
LULU
$24.2B
| $159M | 0.11% | 418,900 -42,100 | -9% | -$15.9M |
|
167
Trane Technologies
TT
$92.5B
| $158M | 0.11% | 827,303 -86,800 | -9% | -$16.6M |
|
168
PACCAR
PCAR
$52.5B
| $158M | 0.11% | 1,887,325 -182,900 | -9% | -$15.3M |
|
169
American Electric Power
AEP
$59.4B
| $156M | 0.11% | 1,857,900 -181,400 | -9% | -$15.3M |
|
170
Dominion Energy
D
$51.1B
| $156M | 0.11% | 3,016,720 -290,200 | -9% | -$15M |
|
171
Valero Energy
VLO
$47.2B
| $156M | 0.11% | 1,328,500 -201,400 | -13% | -$23.6M |
|
172
TC Energy
TRP
$54.1B
| $155M | 0.11% | 3,830,701 -233,700 | -6% | -$9.46M |
|
173
Occidental Petroleum
OXY
$46.9B
| $153M | 0.1% | 2,594,914 -290,800 | -10% | -$17.1M |
|
174
American International
AIG
$45.1B
| $152M | 0.1% | 2,649,664 -299,000 | -10% | -$17.2M |
|
175
Arista Networks
ANET
$172B
| $152M | 0.1% | 940,500 -29,700 | -3% | -$4.81M |
|