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 |
Berkshire Hathaway Class B
BRK.B
|
$1.6B |
| 2 |
American Express
AXP
|
$398M |
| 3 |
Capital One
COF
|
$151M |
| 4 |
Apollo Global Management
APO
|
$111M |
| 5 |
DFS
Discover Financial Services
DFS
|
$109M |
Top Sells
| 1 |
Apple
AAPL
|
$1.16B |
| 2 |
Microsoft
MSFT
|
$873M |
| 3 |
Amazon
AMZN
|
$403M |
| 4 |
NVIDIA
NVDA
|
$356M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$283M |
Sector Composition
| 1 | Technology | 30.21% |
| 2 | Healthcare | 13.75% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Industrials | 9.23% |
| 5 | Communication Services | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $11.1B | 7.53% | 57,143,568 -5,989,500 | -9% | -$1.16B |
|
|
2
Microsoft
MSFT
$3.77T
| $8.7B | 5.91% | 25,540,270 -2,564,500 | -9% | -$873M |
|
|
3
Amazon
AMZN
$2.44T
| $4.35B | 2.95% | 33,343,600 -3,094,200 | -8% | -$403M |
|
|
4
NVIDIA
NVDA
$4.25T
| $3.77B | 2.56% | 8,920,800 -842,000 | -9% | -$356M |
|
5
Tesla
TSLA
$1.08T
| $2.7B | 1.83% | 10,301,775 -350,300 | -3% | -$91.7M |
|
|
6
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.57B | 1.75% | 21,511,000 -2,193,500 | -9% | -$263M |
|
|
7
Alphabet (Google) Class C
GOOG
$2.58T
| $2.35B | 1.59% | 19,398,900 -2,338,800 | -11% | -$283M |
|
8
Meta Platforms (Facebook)
META
$1.86T
| $2.3B | 1.56% | 7,999,000 -925,200 | -10% | -$266M |
|
9
UnitedHealth
UNH
$281B
| $1.62B | 1.1% | 3,369,161 -338,900 | -9% | -$163M |
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.6B | 1.09% | +4,684,505 | New | +$1.6B |
|
11
Exxon Mobil
XOM
$487B
| $1.57B | 1.07% | 14,660,876 -1,683,100 | -10% | -$181M |
|
12
Johnson & Johnson
JNJ
$427B
| $1.55B | 1.06% | 9,384,500 -991,300 | -10% | -$164M |
|
13
Visa
V
$683B
| $1.39B | 0.95% | 5,868,900 -592,800 | -9% | -$141M |
|
14
Eli Lilly
LLY
$657B
| $1.37B | 0.93% | 2,917,290 -288,000 | -9% | -$135M |
|
15
Broadcom
AVGO
$1.4T
| $1.31B | 0.89% | 1,505,834 -149,100 | -9% | -$129M |
|
16
Procter & Gamble
PG
$368B
| $1.29B | 0.88% | 8,520,390 -884,000 | -9% | -$134M |
|
17
Mastercard
MA
$538B
| $1.21B | 0.82% | 3,074,100 -332,700 | -10% | -$131M |
|
18
Home Depot
HD
$405B
| $1.14B | 0.77% | 3,657,300 -387,400 | -10% | -$120M |
|
19
Merck
MRK
$210B
| $1.06B | 0.72% | 9,165,251 -896,700 | -9% | -$103M |
|
20
Chevron
CVX
$324B
| $1.02B | 0.69% | 6,500,590 -789,500 | -11% | -$124M |
|
21
PepsiCo
PEP
$204B
| $921M | 0.63% | 4,974,400 -493,300 | -9% | -$91.4M |
|
22
Coca-Cola
KO
$297B
| $894M | 0.61% | 14,844,000 -1,460,200 | -9% | -$87.9M |
|
23
Costco
COST
$418B
| $862M | 0.59% | 1,601,700 -154,800 | -9% | -$83.3M |
|
24
AbbVie
ABBV
$372B
| $858M | 0.58% | 6,371,410 -647,000 | -9% | -$87.2M |
|
25
Walmart
WMT
$774B
| $842M | 0.57% | 5,354,700 -569,800 | -10% | -$89.6M |
|