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 |
Canadian National Railway
CNI
|
$75.7M |
| 2 |
CNH
CNH Industrial
CNH
|
$67.6M |
| 3 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
$43.4M |
| 4 |
Merck
MRK
|
$42M |
| 5 |
Qualcomm
QCOM
|
$36.1M |
Top Sells
| 1 |
Annaly Capital Management
NLY
|
$55.5M |
| 2 |
Bristol-Myers Squibb
BMY
|
$54.5M |
| 3 |
AGNC Investment
AGNC
|
$45M |
| 4 |
Realty Income
O
|
$39.8M |
| 5 |
Freeport-McMoran
FCX
|
$37.3M |
Sector Composition
| 1 | Technology | 13.28% |
| 2 | Healthcare | 12.93% |
| 3 | Energy | 11.94% |
| 4 | Industrials | 11.43% |
| 5 | Consumer Staples | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
General Dynamics
GD
$87.3B
| $30.3M | 0.12% |
317,164
-7,900
| -2% | -$755K |
|
|
Y
202
DELISTED
Alleghany Corporation
Y
| $30.2M | 0.12% |
75,400
-1,000
| -1% | -$400K |
|
203
RenaissanceRe
RNR
$11.5B
| $29.7M | 0.12% |
305,275
-3,700
| -1% | -$360K |
|
204
Elevance Health
ELV
$72.6B
| $29.4M | 0.11% |
318,641
-6,600
| -2% | -$610K |
|
205
Valero Energy
VLO
$47.9B
| $29.1M | 0.11% |
577,148
-13,400
| -2% | -$675K |
|
206
PPG Industries
PPG
$24.7B
| $28.9M | 0.11% |
152,330
-2,400
| -2% | -$455K |
|
|
THI
207
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $28.4M | 0.11% |
486,600
-10,900
| -2% | -$636K |
|
208
Marsh & McLennan
MMC
$101B
| $28.3M | 0.11% |
585,663
-10,400
| -2% | -$503K |
|
209
Fidelity National Information Services
FIS
$35.7B
| $28.1M | 0.11% |
523,613
+6,500
| +1% | +$349K |
|
|
TSS
210
DELISTED
Total System Services, Inc.
TSS
| $28.1M | 0.11% |
843,918
-314,000
| -27% | -$10.5M |
|
211
Williams Companies
WMB
$70.1B
| $28.1M | 0.11% |
728,041
-11,300
| -2% | -$436K |
|
212
Corning
GLW
$58.7B
| $27.8M | 0.11% |
1,558,312
-39,100
| -2% | -$697K |
|
|
ALXN
213
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $27.7M | 0.11% |
208,417
-2,900
| -1% | -$386K |
|
214
W.R. Berkley
WRB
$27.3B
| $27.6M | 0.11% |
636,148
-7,900
| -1% | -$343K |
|
|
HES
215
DELISTED
Hess
HES
| $27.3M | 0.11% |
329,365
-5,200
| -2% | -$432K |
|
|
AET
216
DELISTED
Aetna Inc
AET
| $27.2M | 0.11% |
396,538
-13,100
| -3% | -$899K |
|
|
PXD
217
DELISTED
Pioneer Natural Resource Co.
PXD
| $27.2M | 0.11% |
147,652
-300
| -0.2% | -$55.2K |
|
218
Allstate
ALL
$53.6B
| $27M | 0.11% |
494,773
-12,700
| -3% | -$693K |
|
219
Agnico Eagle Mines
AEM
$74.2B
| $26.8M | 0.1% |
1,014,800
-479,600
| -32% | -$12.7M |
|
220
Cummins
CMI
$54.5B
| $26.7M | 0.1% |
189,519
-5,700
| -3% | -$804K |
|
221
Northrop Grumman
NOC
$84.4B
| $26.7M | 0.1% |
233,084
-8,900
| -4% | -$1.02M |
|
|
MRO
222
DELISTED
Marathon Oil Corporation
MRO
| $26.7M | 0.1% |
756,197
-11,400
| -1% | -$402K |
|
223
Cameco
CCJ
$32.8B
| $26.4M | 0.1% |
1,274,500
-9,000
| -0.7% | -$187K |
|
224
Cigna
CI
$80.3B
| $26.4M | 0.1% |
301,574
-7,400
| -2% | -$647K |
|
|
BHI
225
DELISTED
Baker Hughes
BHI
| $26.1M | 0.1% |
472,128
-6,400
| -1% | -$354K |
|