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 |
Apple
AAPL
|
$1.44B |
| 2 |
Microsoft
MSFT
|
$1.16B |
| 3 |
Amazon
AMZN
|
$797M |
| 4 |
Tesla
TSLA
|
$537M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$441M |
Top Sells
| 1 |
XLNX
Xilinx Inc
XLNX
|
$199M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$191M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
$62.8M |
| 4 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
$43.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$42.6M |
Sector Composition
| 1 | Technology | 28.24% |
| 2 | Healthcare | 14.22% |
| 3 | Consumer Discretionary | 13.07% |
| 4 | Communication Services | 9.52% |
| 5 | Industrials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $12.4B | 7% | 71,060,708 +8,230,300 | +13% | +$1.44B |
|
|
2
Microsoft
MSFT
$3.77T
| $9.52B | 5.37% | 30,893,155 +3,757,500 | +14% | +$1.16B |
|
|
3
Amazon
AMZN
$2.44T
| $6.44B | 3.63% | 1,976,972 +244,500 | +14% | +$797M |
|
|
4
Tesla
TSLA
$1.08T
| $3.98B | 2.25% | 3,697,259 +498,700 | +16% | +$537M |
|
|
5
Alphabet (Google) Class A
GOOGL
$2.57T
| $3.62B | 2.04% | 1,302,890 +158,500 | +14% | +$441M |
|
|
6
Alphabet (Google) Class C
GOOG
$2.58T
| $3.46B | 1.95% | 1,238,537 +143,300 | +13% | +$400M |
|
7
NVIDIA
NVDA
$4.25T
| $2.95B | 1.67% | 10,828,224 +1,325,800 | +14% | +$362M |
|
8
Meta Platforms (Facebook)
META
$1.86T
| $2.28B | 1.29% | 10,249,010 +1,188,300 | +13% | +$264M |
|
9
UnitedHealth
UNH
$281B
| $2.08B | 1.17% | 4,079,426 +495,300 | +14% | +$253M |
|
10
Johnson & Johnson
JNJ
$427B
| $2.02B | 1.14% | 11,402,516 +1,396,500 | +14% | +$248M |
|
11
Visa
V
$683B
| $1.6B | 0.9% | 7,232,119 +817,500 | +13% | +$181M |
|
12
Procter & Gamble
PG
$368B
| $1.6B | 0.9% | 10,481,473 +1,251,500 | +14% | +$191M |
|
13
Exxon Mobil
XOM
$487B
| $1.51B | 0.85% | 18,336,791 +2,245,300 | +14% | +$185M |
|
14
Chevron
CVX
$324B
| $1.36B | 0.77% | 8,349,332 +998,700 | +14% | +$163M |
|
15
Mastercard
MA
$538B
| $1.36B | 0.77% | 3,799,557 +451,200 | +13% | +$161M |
|
16
Home Depot
HD
$405B
| $1.35B | 0.76% | 4,522,866 +511,600 | +13% | +$153M |
|
17
Pfizer
PFE
$141B
| $1.26B | 0.71% | 24,310,941 +3,000,100 | +14% | +$155M |
|
18
AbbVie
ABBV
$372B
| $1.24B | 0.7% | 7,657,175 +940,300 | +14% | +$152M |
|
19
Broadcom
AVGO
$1.4T
| $1.12B | 0.63% | 1,782,742 +223,400 | +14% | +$141M |
|
20
Costco
COST
$418B
| $1.1B | 0.62% | 1,913,699 +233,400 | +14% | +$134M |
|
21
Coca-Cola
KO
$297B
| $1.1B | 0.62% | 17,773,194 +2,174,200 | +14% | +$135M |
|
22
Walt Disney
DIS
$213B
| $1.08B | 0.61% | 7,872,771 +966,000 | +14% | +$132M |
|
23
Cisco
CSCO
$274B
| $1.02B | 0.57% | 18,267,620 +2,249,600 | +14% | +$125M |
|
24
Eli Lilly
LLY
$657B
| $1.01B | 0.57% | 3,521,748 +431,200 | +14% | +$123M |
|
25
Thermo Fisher Scientific
TMO
$186B
| $1.01B | 0.57% | 1,706,727 +211,400 | +14% | +$125M |
|