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 | |
|---|---|---|---|---|---|---|
201
Simon Property Group
SPG
$59B
| $136M | 0.09% |
1,180,027
-117,600
| -9% | -$13.6M |
|
202
Dow Inc
DOW
$17.5B
| $136M | 0.09% |
2,557,050
-235,900
| -8% | -$12.6M |
|
203
Sysco
SYY
$38.5B
| $136M | 0.09% |
1,833,200
-177,900
| -9% | -$13.2M |
|
204
D.R. Horton
DHI
$50.5B
| $136M | 0.09% |
1,116,200
-182,200
| -14% | -$22.2M |
|
|
HES
205
DELISTED
Hess
HES
| $136M | 0.09% |
998,100
-103,200
| -9% | -$14M |
|
206
Ametek
AME
$42.7B
| $135M | 0.09% |
831,725
-79,700
| -9% | -$12.9M |
|
207
MetLife
MET
$54.1B
| $134M | 0.09% |
2,377,200
-269,500
| -10% | -$15.2M |
|
208
Dollar General
DG
$23.9B
| $134M | 0.09% |
791,400
-103,800
| -12% | -$17.6M |
|
209
L3Harris
LHX
$51.9B
| $134M | 0.09% |
686,029
-68,700
| -9% | -$13.4M |
|
210
Centene
CNC
$14.3B
| $134M | 0.09% |
1,989,024
-258,300
| -11% | -$17.4M |
|
211
Cheniere Energy
LNG
$53.1B
| $134M | 0.09% |
879,400
-8,800
| -1% | -$1.34M |
|
212
Waste Connections
WCN
$47.5B
| $133M | 0.09% |
930,145
-90,600
| -9% | -$12.9M |
|
213
Otis Worldwide
OTIS
$33.9B
| $133M | 0.09% |
1,492,443
-160,800
| -10% | -$14.3M |
|
214
Hershey
HSY
$37.3B
| $133M | 0.09% |
531,600
-51,700
| -9% | -$12.9M |
|
215
Old Dominion Freight Line
ODFL
$31.7B
| $132M | 0.09% |
357,400
-15,200
| -4% | -$5.62M |
|
216
Manulife Financial
MFC
$52.2B
| $132M | 0.09% |
6,962,000
-603,200
| -8% | -$11.4M |
|
217
Paychex
PAYX
$50.2B
| $131M | 0.09% |
1,171,800
-115,600
| -9% | -$12.9M |
|
218
CoStar Group
CSGP
$37.9B
| $131M | 0.09% |
1,469,200
-144,800
| -9% | -$12.9M |
|
219
Charter Communications
CHTR
$36.3B
| $130M | 0.09% |
354,816
-77,600
| -18% | -$28.5M |
|
|
XYZ
220
Block, Inc.
XYZ
$48.5B
| $130M | 0.09% |
1,955,386
-177,400
| -8% | -$11.8M |
|
221
W.W. Grainger
GWW
$48.5B
| $129M | 0.09% |
163,300
-17,200
| -10% | -$13.6M |
|
222
Electronic Arts
EA
$43B
| $128M | 0.09% |
990,400
-105,300
| -10% | -$13.7M |
|
223
Agilent Technologies
A
$35.7B
| $128M | 0.09% |
1,067,900
-102,800
| -9% | -$12.4M |
|
224
PPG Industries
PPG
$25.1B
| $126M | 0.09% |
850,100
-82,700
| -9% | -$12.3M |
|
225
Kinder Morgan
KMI
$60B
| $126M | 0.09% |
7,307,174
-721,200
| -9% | -$12.4M |
|