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 |
Teva Pharmaceuticals
TEVA
|
$132M |
| 2 |
Fortis
FTS
|
$68.5M |
| 3 |
Intuitive Surgical
ISRG
|
$45.9M |
| 4 |
Keurig Dr Pepper
KDP
|
$41M |
| 5 |
Monster Beverage
MNST
|
$33M |
Top Sells
| 1 |
Alcoa
AA
|
$95.4M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
$63.4M |
| 3 |
Hershey
HSY
|
$53.7M |
| 4 |
American Tower
AMT
|
$49M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
$32.2M |
Sector Composition
| 1 | Technology | 15.56% |
| 2 | Healthcare | 14.34% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 10.4% |
| 5 | Communication Services | 10.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $1.74B | 2.75% | 15,049,416 -197,900 | -1% | -$22.9M |
|
2
Microsoft
MSFT
$3.77T
| $1.29B | 2.03% | 20,699,470 -90,300 | -0.4% | -$5.61M |
|
3
Exxon Mobil
XOM
$487B
| $1.12B | 1.76% | 12,371,236 -9,600 | -0.1% | -$866K |
|
4
Johnson & Johnson
JNJ
$427B
| $970M | 1.53% | 8,415,264 +23,800 | +0.3% | +$2.74M |
|
5
AT&T
T
$209B
| $843M | 1.33% | 19,828,058 +110,300 | +0.6% | +$4.69M |
|
6
Amazon
AMZN
$2.44T
| $842M | 1.33% | 1,122,441 +10,100 | +0.9% | +$7.57M |
|
7
GE Aerospace
GE
$292B
| $793M | 1.25% | 25,093,961 -453,500 | -2% | -$14.3M |
|
8
Meta Platforms (Facebook)
META
$1.86T
| $761M | 1.2% | 6,614,000 +146,600 | +2% | +$16.9M |
|
9
Verizon
VZ
$186B
| $705M | 1.11% | 13,209,330 +111,300 | +0.8% | +$5.94M |
|
10
Procter & Gamble
PG
$368B
| $672M | 1.06% | 7,986,988 -276,878 | -3% | -$23.3M |
|
11
Alphabet (Google) Class C
GOOG
$2.58T
| $665M | 1.05% | 861,466 +3,700 | +0.4% | +$2.86M |
|
|
12
Alphabet (Google) Class A
GOOGL
$2.57T
| $664M | 1.05% | 837,689 +12,100 | +1% | +$9.59M |
|
13
Chevron
CVX
$324B
| $623M | 0.98% | 5,289,223 +28,100 | +0.5% | +$3.31M |
|
14
Pfizer
PFE
$141B
| $597M | 0.94% | 18,367,089 +556,900 | +3% | +$18.1M |
|
15
Coca-Cola
KO
$297B
| $528M | 0.83% | 12,739,290 +55,100 | +0.4% | +$2.28M |
|
16
PepsiCo
PEP
$204B
| $505M | 0.8% | 4,825,106 +29,500 | +0.6% | +$3.09M |
|
17
Merck
MRK
$210B
| $488M | 0.77% | 8,288,301 -95,300 | -1% | -$5.61M |
|
18
Home Depot
HD
$405B
| $481M | 0.76% | 3,587,915 +24,300 | +0.7% | +$3.26M |
|
19
Intel
INTC
$107B
| $477M | 0.75% | 13,152,102 +55,800 | +0.4% | +$2.02M |
|
20
UnitedHealth
UNH
$281B
| $473M | 0.75% | 2,956,327 +5,300 | +0.2% | +$848K |
|
21
Comcast
CMCSA
$125B
| $472M | 0.74% | 6,834,900 +125,100 | +2% | +$8.64M |
|
22
Visa
V
$683B
| $466M | 0.73% | 5,972,228 +278,700 | +5% | +$21.7M |
|
23
IBM
IBM
$227B
| $456M | 0.72% | 2,749,977 +5,400 | +0.2% | +$896K |
|
24
Walt Disney
DIS
$213B
| $443M | 0.7% | 4,252,428 -24,400 | -0.6% | -$2.54M |
|
25
Cisco
CSCO
$274B
| $423M | 0.67% | 14,009,093 +59,400 | +0.4% | +$1.8M |
|