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 |
NVIDIA
NVDA
|
$1.52B |
| 2 |
Snowflake
SNOW
|
$199M |
| 3 |
Amazon
AMZN
|
$162M |
| 4 |
Analog Devices
ADI
|
$104M |
| 5 |
Palantir
PLTR
|
$94.3M |
Top Sells
| 1 |
GE Aerospace
GE
|
$3.24B |
| 2 |
Apple
AAPL
|
$350M |
| 3 |
Microsoft
MSFT
|
$261M |
| 4 |
L3Harris
LHX
|
$185M |
| 5 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$166M |
Sector Composition
| 1 | Technology | 27.74% |
| 2 | Healthcare | 14.18% |
| 3 | Consumer Discretionary | 13.57% |
| 4 | Communication Services | 11.55% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $9.34B | 5.94% | 65,984,108 -2,471,300 | -4% | -$350M |
|
|
2
Microsoft
MSFT
$3.77T
| $7.98B | 5.07% | 28,291,355 -925,100 | -3% | -$261M |
|
|
3
Amazon
AMZN
$2.44T
| $5.9B | 3.75% | 1,794,672 +49,400 | +3% | +$162M |
|
4
Meta Platforms (Facebook)
META
$1.86T
| $3.22B | 2.04% | 9,474,210 -334,200 | -3% | -$113M |
|
5
Alphabet (Google) Class A
GOOGL
$2.57T
| $3.18B | 2.02% | 1,189,190 -37,100 | -3% | -$99.2M |
|
|
6
Alphabet (Google) Class C
GOOG
$2.58T
| $3.07B | 1.95% | 1,151,437 -50,600 | -4% | -$135M |
|
7
Tesla
TSLA
$1.08T
| $2.51B | 1.6% | 3,237,759 +106,600 | +3% | +$82.7M |
|
|
8
NVIDIA
NVDA
$4.25T
| $2.04B | 1.3% | 9,853,524 +7,329,543 | +290% | +$1.52B |
|
9
Johnson & Johnson
JNJ
$427B
| $1.68B | 1.07% | 10,412,716 -306,000 | -3% | -$49.4M |
|
10
Visa
V
$683B
| $1.49B | 0.95% | 6,689,519 -226,500 | -3% | -$50.5M |
|
11
UnitedHealth
UNH
$281B
| $1.46B | 0.93% | 3,731,426 -137,500 | -4% | -$53.7M |
|
12
Home Depot
HD
$405B
| $1.38B | 0.88% | 4,204,166 -185,800 | -4% | -$61M |
|
13
Procter & Gamble
PG
$368B
| $1.35B | 0.86% | 9,680,473 -360,500 | -4% | -$50.4M |
|
14
Mastercard
MA
$538B
| $1.22B | 0.77% | 3,497,857 -117,500 | -3% | -$40.9M |
|
15
Walt Disney
DIS
$213B
| $1.22B | 0.77% | 7,184,271 -217,700 | -3% | -$36.8M |
|
16
PayPal
PYPL
$67.1B
| $1.15B | 0.73% | 4,412,720 -124,100 | -3% | -$32.3M |
|
17
Adobe
ADBE
$151B
| $1.09B | 0.69% | 1,889,989 -61,900 | -3% | -$35.6M |
|
18
Netflix
NFLX
$513B
| $1.07B | 0.68% | 1,753,204 -52,700 | -3% | -$32.2M |
|
19
Salesforce
CRM
$245B
| $1.04B | 0.66% | 3,841,531 +99,419 | +3% | +$27M |
|
20
Comcast
CMCSA
$125B
| $1.01B | 0.64% | 18,128,929 -510,700 | -3% | -$28.6M |
|
21
Exxon Mobil
XOM
$487B
| $985M | 0.63% | 16,739,791 -522,700 | -3% | -$30.7M |
|
22
Pfizer
PFE
$141B
| $952M | 0.61% | 22,133,341 -610,000 | -3% | -$26.2M |
|
23
Cisco
CSCO
$274B
| $907M | 0.58% | 16,663,220 -551,600 | -3% | -$30M |
|
24
Thermo Fisher Scientific
TMO
$186B
| $888M | 0.56% | 1,554,027 -51,700 | -3% | -$29.5M |
|
25
Verizon
VZ
$186B
| $884M | 0.56% | 16,370,101 -503,700 | -3% | -$27.2M |
|