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 | |
|---|---|---|---|---|---|---|
151
Oneok
OKE
$48.1B
| $166M | 0.11% | 1,649,888 -82,300 | -5% | -$8.26M |
|
152
HCA Healthcare
HCA
$94.5B
| $164M | 0.11% | 546,800 -36,300 | -6% | -$10.9M |
|
153
Digital Realty Trust
DLR
$57.2B
| $164M | 0.11% | 924,849 -38,300 | -4% | -$6.79M |
|
154
Airbnb
ABNB
$79.9B
| $163M | 0.11% | 1,243,000 -67,600 | -5% | -$8.88M |
|
155
CVS Health
CVS
$92.8B
| $160M | 0.11% | 3,553,760 -171,000 | -5% | -$7.68M |
|
156
Royal Caribbean
RCL
$98.7B
| $159M | 0.11% | 690,838 -34,800 | -5% | -$8.03M |
|
157
Simon Property Group
SPG
$59B
| $159M | 0.11% | 921,027 -46,300 | -5% | -$7.97M |
|
158
Ferrari
RACE
$85B
| $158M | 0.11% | 370,257 -7,600 | -2% | -$3.25M |
|
159
Canadian National Railway
CNI
$60.4B
| $158M | 0.1% | 1,553,200 -72,400 | -4% | -$7.35M |
|
160
Roper Technologies
ROP
$56.6B
| $157M | 0.1% | 302,800 -14,900 | -5% | -$7.75M |
|
161
Sempra
SRE
$53.9B
| $157M | 0.1% | 1,788,700 -89,700 | -5% | -$7.87M |
|
162
Manulife Financial
MFC
$52.2B
| $157M | 0.1% | 5,106,300 -290,500 | -5% | -$8.92M |
|
163
Carrier Global
CARR
$55.5B
| $157M | 0.1% | 2,295,185 -111,800 | -5% | -$7.63M |
|
164
Aflac
AFL
$57.2B
| $155M | 0.1% | 1,502,900 -99,300 | -6% | -$10.3M |
|
165
Workday
WDAY
$61.6B
| $155M | 0.1% | 601,700 -27,500 | -4% | -$7.1M |
|
166
Travelers Companies
TRV
$61.1B
| $155M | 0.1% | 643,900 -35,800 | -5% | -$8.62M |
|
167
Kinder Morgan
KMI
$60B
| $155M | 0.1% | 5,651,374 -277,300 | -5% | -$7.6M |
|
168
AutoZone
AZO
$70.2B
| $154M | 0.1% | 48,200 -2,500 | -5% | -$8.01M |
|
169
PACCAR
PCAR
$52.5B
| $154M | 0.1% | 1,480,825 -74,800 | -5% | -$7.78M |
|
170
Schlumberger
SLB
$55B
| $154M | 0.1% | 4,011,027 -231,600 | -5% | -$8.88M |
|
171
Pinduoduo
PDD
$171B
| $152M | 0.1% | 1,572,244 -3,500 | -0.2% | -$339K |
|
172
Norfolk Southern
NSC
$62.8B
| $150M | 0.1% | 638,700 -31,900 | -5% | -$7.49M |
|
173
Strategy Inc Common Stock Class A
MSTR
$94.8B
| $150M | 0.1% | 517,000 +48,800 | +10% | +$14.1M |
|
174
NXP Semiconductors
NXPI
$59.2B
| $150M | 0.1% | 719,629 -39,200 | -5% | -$8.15M |
|
175
Trade Desk
TTD
$26.7B
| $149M | 0.1% | 1,268,400 -53,000 | -4% | -$6.23M |
|