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 |
Fortive
FTV
|
$43.6M |
| 2 |
Johnson Controls International
JCI
|
$41.5M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$37.4M |
| 4 |
Alibaba
BABA
|
$33.6M |
| 5 |
Telus
TU
|
$33.1M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$170M |
| 2 |
Annaly Capital Management
NLY
|
$81.7M |
| 3 |
Thomson Reuters
TRI
|
$78.4M |
| 4 |
AGNC Investment
AGNC
|
$53.4M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
$50.7M |
Sector Composition
| 1 | Technology | 15.55% |
| 2 | Healthcare | 14.8% |
| 3 | Consumer Discretionary | 10.63% |
| 4 | Communication Services | 10.14% |
| 5 | Consumer Staples | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Cognizant
CTSH
$35.1B
| $80.2M | 0.13% |
1,681,630
-25,700
| -2% | -$1.23M |
|
177
Republic Services
RSG
$71.7B
| $80.2M | 0.13% |
1,589,348
-30,100
| -2% | -$1.52M |
|
178
Norfolk Southern
NSC
$62.3B
| $79.7M | 0.13% |
821,347
-14,600
| -2% | -$1.42M |
|
179
Realty Income
O
$54.2B
| $78.9M | 0.13% |
1,216,728
+17,854
| +1% | +$1.16M |
|
180
Ross Stores
ROST
$49.4B
| $78.5M | 0.13% |
1,220,392
-22,200
| -2% | -$1.43M |
|
181
Prologis
PLD
$105B
| $77.9M | 0.12% |
1,455,760
-15,200
| -1% | -$814K |
|
182
McCormick & Company Non-Voting
MKC
$19B
| $77.6M | 0.12% |
1,552,296
-26,800
| -2% | -$1.34M |
|
183
Federal Realty Investment Trust
FRT
$8.86B
| $77.4M | 0.12% |
502,622
-400
| -0.1% | -$61.6K |
|
|
POT
184
DELISTED
Potash Corp Of Saskatchewan
POT
| $76.9M | 0.12% |
4,721,700
-11,300
| -0.2% | -$184K |
|
185
PPG Industries
PPG
$24.8B
| $76.4M | 0.12% |
739,560
-15,100
| -2% | -$1.56M |
|
186
Intuitive Surgical
ISRG
$167B
| $76.4M | 0.12% |
948,438
+6,300
| +0.7% | +$507K |
|
|
ALXN
187
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $76.2M | 0.12% |
621,741
-9,600
| -2% | -$1.18M |
|
188
Kroger
KR
$44.8B
| $74.9M | 0.12% |
2,524,896
-70,700
| -3% | -$2.1M |
|
189
HP
HPQ
$27.4B
| $74.7M | 0.12% |
4,807,392
-32,600
| -0.7% | -$506K |
|
190
Intuit
INTU
$188B
| $74.2M | 0.12% |
674,473
-9,400
| -1% | -$1.03M |
|
191
Illumina
ILMN
$15.7B
| $74M | 0.12% |
418,853
-3,084
| -0.7% | -$545K |
|
|
TFCFA
192
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $73.9M | 0.12% |
3,053,199
-84,700
| -3% | -$2.05M |
|
193
Cardinal Health
CAH
$35.7B
| $73.7M | 0.12% |
948,848
-19,000
| -2% | -$1.48M |
|
194
J.M. Smucker
SJM
$12B
| $73.2M | 0.12% |
539,799
-7,500
| -1% | -$1.02M |
|
195
Boston Properties
BXP
$12.2B
| $73.1M | 0.12% |
536,535
-6,700
| -1% | -$913K |
|
196
Humana
HUM
$37B
| $73M | 0.12% |
412,626
-3,000
| -0.7% | -$531K |
|
|
ATVI
197
DELISTED
Activision Blizzard Inc.
ATVI
| $72.3M | 0.12% |
1,633,134
-6,500
| -0.4% | -$288K |
|
198
Zimmer Biomet
ZBH
$20.9B
| $72M | 0.12% |
570,121
-6,283
| -1% | -$793K |
|
199
Allstate
ALL
$53.1B
| $72M | 0.12% |
1,040,273
-20,200
| -2% | -$1.4M |
|
200
Electronic Arts
EA
$42.2B
| $71.8M | 0.12% |
841,055
-25,900
| -3% | -$2.21M |
|