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 | |
|---|---|---|---|---|---|---|
176
Ferrari
RACE
$85B
| $152M | 0.1% |
465,401
-28,579
| -6% | -$9.34M |
|
177
IQVIA
IQV
$32.4B
| $151M | 0.1% |
672,180
-65,000
| -9% | -$14.6M |
|
|
178
Capital One
COF
$145B
| $151M | 0.1% |
+1,381,300
| New | +$151M |
|
179
Idexx Laboratories
IDXX
$51.8B
| $151M | 0.1% |
299,700
-29,000
| -9% | -$14.6M |
|
180
Carrier Global
CARR
$55.5B
| $150M | 0.1% |
3,015,585
-303,300
| -9% | -$15.1M |
|
181
Nucor
NUE
$34.1B
| $149M | 0.1% |
909,900
-108,200
| -11% | -$17.7M |
|
182
Archer Daniels Midland
ADM
$30.1B
| $149M | 0.1% |
1,973,600
-206,500
| -9% | -$15.6M |
|
183
Biogen
BIIB
$19.4B
| $149M | 0.1% |
521,900
-49,600
| -9% | -$14.1M |
|
184
Constellation Brands
STZ
$28.5B
| $148M | 0.1% |
599,600
-59,200
| -9% | -$14.6M |
|
185
Corteva
CTVA
$50.4B
| $147M | 0.1% |
2,573,683
-261,900
| -9% | -$15M |
|
186
ON Semiconductor
ON
$20.3B
| $147M | 0.1% |
1,558,700
-157,300
| -9% | -$14.9M |
|
187
Suncor Energy
SU
$50.1B
| $147M | 0.1% |
5,010,292
-427,700
| -8% | -$12.6M |
|
188
Aflac
AFL
$57.2B
| $146M | 0.1% |
2,098,800
-245,500
| -10% | -$17.1M |
|
189
Exelon
EXC
$44.1B
| $146M | 0.1% |
3,591,055
-352,800
| -9% | -$14.4M |
|
190
Stellantis
STLA
$27.8B
| $146M | 0.1% |
8,305,273
-509,755
| -6% | -$8.95M |
|
191
Welltower
WELL
$113B
| $145M | 0.1% |
1,792,500
-82,700
| -4% | -$6.69M |
|
192
Travelers Companies
TRV
$61.1B
| $145M | 0.1% |
834,200
-95,900
| -10% | -$16.7M |
|
193
Moderna
MRNA
$9.37B
| $144M | 0.1% |
1,184,000
-112,000
| -9% | -$13.6M |
|
194
Williams Companies
WMB
$70.7B
| $144M | 0.1% |
4,401,000
-434,000
| -9% | -$14.2M |
|
195
Realty Income
O
$53.7B
| $143M | 0.1% |
2,385,713
-103,200
| -4% | -$6.17M |
|
196
Copart
CPRT
$47.2B
| $141M | 0.1% |
1,549,100
-152,100
| -9% | -$13.9M |
|
197
Yum! Brands
YUM
$40.8B
| $140M | 0.1% |
1,011,600
-106,400
| -10% | -$14.7M |
|
198
Hilton Worldwide
HLT
$64.9B
| $140M | 0.09% |
959,979
-113,400
| -11% | -$16.5M |
|
199
Ross Stores
ROST
$48.1B
| $139M | 0.09% |
1,235,500
-141,800
| -10% | -$15.9M |
|
200
Rockwell Automation
ROK
$38.6B
| $137M | 0.09% |
414,600
-41,200
| -9% | -$13.6M |
|