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 |
Dow Inc
DOW
|
$123M |
| 2 |
Newmont
NEM
|
$77.1M |
| 3 |
Corteva
CTVA
|
$72.5M |
| 4 |
Amcor
AMCR
|
$60.2M |
| 5 |
Alibaba
BABA
|
$47.4M |
Top Sells
| 1 |
DuPont de Nemours
DD
|
$391M |
| 2 |
Apple
AAPL
|
$94.5M |
| 3 |
GG
Goldcorp Inc
GG
|
$78.3M |
| 4 |
Microsoft
MSFT
|
$77.6M |
| 5 |
Pfizer
PFE
|
$53.9M |
Sector Composition
| 1 | Technology | 19.94% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.13% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $3.22B | 3.47% | 24,023,270 -579,200 | -2% | -$77.6M |
|
|
2
Apple
AAPL
$3.45T
| $3.06B | 3.3% | 15,455,216 -477,400 | -3% | -$94.5M |
|
3
Amazon
AMZN
$2.44T
| $2.58B | 2.78% | 1,361,641 -25,600 | -2% | -$48.5M |
|
4
Meta Platforms (Facebook)
META
$1.86T
| $1.51B | 1.63% | 7,818,000 -240,900 | -3% | -$46.5M |
|
5
Johnson & Johnson
JNJ
$427B
| $1.34B | 1.45% | 9,621,364 -292,000 | -3% | -$40.7M |
|
6
Exxon Mobil
XOM
$487B
| $1.14B | 1.22% | 14,814,736 -341,000 | -2% | -$26.1M |
|
7
Visa
V
$683B
| $1.11B | 1.2% | 6,424,128 -185,200 | -3% | -$32.1M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $1.11B | 1.2% | 1,025,266 -25,000 | -2% | -$27M |
|
|
9
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.06B | 1.14% | 976,189 -21,600 | -2% | -$23.4M |
|
10
Procter & Gamble
PG
$368B
| $1B | 1.08% | 9,146,688 -184,200 | -2% | -$20.2M |
|
11
Verizon
VZ
$186B
| $882M | 0.95% | 15,432,716 -368,500 | -2% | -$21.1M |
|
12
AT&T
T
$209B
| $873M | 0.94% | 26,064,163 -606,400 | -2% | -$20.3M |
|
|
13
Pfizer
PFE
$141B
| $864M | 0.93% | 19,947,589 -1,244,500 | -6% | -$53.9M |
|
14
Mastercard
MA
$538B
| $837M | 0.9% | 3,164,420 -96,300 | -3% | -$25.5M |
|
15
UnitedHealth
UNH
$281B
| $827M | 0.89% | 3,391,188 -176,600 | -5% | -$43.1M |
|
16
Walt Disney
DIS
$213B
| $820M | 0.88% | 5,869,691 -202,300 | -3% | -$28.2M |
|
17
Cisco
CSCO
$274B
| $804M | 0.87% | 14,681,193 -665,300 | -4% | -$36.4M |
|
18
Home Depot
HD
$405B
| $803M | 0.87% | 3,859,415 -91,300 | -2% | -$19M |
|
19
Chevron
CVX
$324B
| $777M | 0.84% | 6,241,623 -180,000 | -3% | -$22.4M |
|
20
Coca-Cola
KO
$297B
| $773M | 0.83% | 15,182,890 -309,100 | -2% | -$15.7M |
|
21
Merck
MRK
$210B
| $765M | 0.83% | 9,126,801 -283,600 | -3% | -$23.8M |
|
22
PepsiCo
PEP
$204B
| $729M | 0.79% | 5,562,206 -158,200 | -3% | -$20.7M |
|
23
Intel
INTC
$107B
| $702M | 0.76% | 14,660,402 -574,000 | -4% | -$27.5M |
|
24
McDonald's
MCD
$224B
| $656M | 0.71% | 3,159,648 -95,800 | -3% | -$19.9M |
|
25
Comcast
CMCSA
$125B
| $650M | 0.7% | 15,373,000 -447,900 | -3% | -$18.9M |
|