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 |
Bristol-Myers Squibb
BMY
|
$128M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
$32.6M |
| 3 |
PARA
Paramount Global Class B
PARA
|
$28.6M |
| 4 |
Tyler Technologies
TYL
|
$26.9M |
| 5 |
Brown & Brown
BRO
|
$19.5M |
Top Sells
| 1 |
Apple
AAPL
|
$284M |
| 2 |
CELG
Celgene Corp
CELG
|
$231M |
| 3 |
Microsoft
MSFT
|
$184M |
| 4 |
Alibaba
BABA
|
$158M |
| 5 |
Amazon
AMZN
|
$104M |
Sector Composition
| 1 | Technology | 21.52% |
| 2 | Healthcare | 14.66% |
| 3 | Consumer Discretionary | 11.66% |
| 4 | Communication Services | 10.17% |
| 5 | Industrials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $4.2B | 4.31% | 14,299,599 -967,600 | -6% | -$284M |
|
|
2
Microsoft
MSFT
$3.77T
| $3.65B | 3.74% | 23,117,217 -1,164,000 | -5% | -$184M |
|
|
3
Amazon
AMZN
$2.44T
| $2.45B | 2.51% | 1,325,851 -56,200 | -4% | -$104M |
|
4
Meta Platforms (Facebook)
META
$1.86T
| $1.56B | 1.6% | 7,585,742 -348,200 | -4% | -$71.5M |
|
5
Johnson & Johnson
JNJ
$427B
| $1.33B | 1.37% | 9,143,866 -451,900 | -5% | -$65.9M |
|
6
Alphabet (Google) Class C
GOOG
$2.58T
| $1.32B | 1.35% | 985,796 -49,300 | -5% | -$65.9M |
|
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.27B | 1.3% | 944,522 -44,200 | -4% | -$59.2M |
|
8
Visa
V
$683B
| $1.15B | 1.18% | 6,135,994 -285,100 | -4% | -$53.6M |
|
9
Procter & Gamble
PG
$368B
| $1.1B | 1.13% | 8,812,148 -380,600 | -4% | -$47.5M |
|
10
AT&T
T
$209B
| $983M | 1.01% | 25,161,037 -1,132,400 | -4% | -$44.3M |
|
11
Exxon Mobil
XOM
$487B
| $983M | 1.01% | 14,081,792 -835,800 | -6% | -$58.3M |
|
12
UnitedHealth
UNH
$281B
| $924M | 0.95% | 3,143,138 -164,600 | -5% | -$48.4M |
|
13
Verizon
VZ
$186B
| $917M | 0.94% | 14,927,851 -582,600 | -4% | -$35.8M |
|
14
Mastercard
MA
$538B
| $893M | 0.92% | 2,991,052 -185,300 | -6% | -$55.3M |
|
|
15
Alibaba
BABA
$322B
| $863M | 0.88% | 4,067,122 -747,164 | -16% | -$158M |
|
16
Intel
INTC
$107B
| $836M | 0.86% | 13,968,704 -816,400 | -6% | -$48.9M |
|
17
Walt Disney
DIS
$213B
| $822M | 0.84% | 5,680,271 -263,100 | -4% | -$38.1M |
|
18
Coca-Cola
KO
$297B
| $813M | 0.83% | 14,681,544 -542,100 | -4% | -$30M |
|
19
Merck
MRK
$210B
| $797M | 0.82% | 8,759,257 -417,600 | -5% | -$38M |
|
20
Home Depot
HD
$405B
| $789M | 0.81% | 3,612,664 -187,800 | -5% | -$41M |
|
21
Pfizer
PFE
$141B
| $747M | 0.77% | 19,053,291 -1,032,000 | -5% | -$40.4M |
|
22
PepsiCo
PEP
$204B
| $732M | 0.75% | 5,355,679 -204,000 | -4% | -$27.9M |
|
23
Chevron
CVX
$324B
| $727M | 0.75% | 6,031,950 -303,800 | -5% | -$36.6M |
|
24
Comcast
CMCSA
$125B
| $671M | 0.69% | 14,927,073 -645,400 | -4% | -$29M |
|
25
Cisco
CSCO
$274B
| $663M | 0.68% | 13,816,545 -634,700 | -4% | -$30.4M |
|