Swiss National Bank Top 10 U.S. Stock Holdings

2 hours ago
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Switzerland’s central bank, Swiss National Bank (SNB) is a conservative institution, but has been highly unconventional in operations.

The Swiss franc is seen as a safe haven due to political and economic stability and attracts money from investors around the world during crises.

However, no other central bank holds a higher equity exposure than SNB. While the Bank of Japan also has a large equity exposure, it’s mostly invested in domestic stocks through index ETFs (Exchange traded funds).

Switzerland’s central bank, Swiss National Bank (SNB) is a conservative institution, but has been highly unconventional in operations.

The Swiss franc is seen as a safe haven due to political and economic stability and attracts money from investors around the world during crises.

However, no other central bank holds a higher equity exposure than SNB. While the Bank of Japan also has a large equity exposure, it’s mostly invested in domestic stocks through index ETFs (Exchange traded funds).

The SNB holds more than $199 billion in the U.S. stock market alone but here’s the most interesting part. More than 25% of the portfolio is only invested in 4 stocks - NVIDIA, Apple, Alphabet and Microsoft.

The Bank has continued to hold a high exposure to U.S. tech stocks when experts are warning of a possible bubble in the sector, including the European Central Bank (ECB).

Although the investments are passive, the Bank is not a static holder. Compared to the previous year, SNB has increased holdings in NVIDIA and Micron significantly, while reducing positions in Tesla and Berkshire Hathaway.

It should be noted that SNB avoids come sector altogether, such as banking & some financial stocks (conflict of interest).

Here’s Swiss National Bank’s top 10 U.S. Stock Holding:

1) NVIDIA: $15.0 billion
2) Apple: $12.9 billion
3) Alphabet: $11.5 billion
4) Microsoft: $7.9 billion
5) Amazon: $6.9 billion
6) Broadcom: $5.4 billion
7) Micron: $3.7 billion
8) Meta: $3.7 billion
9) Tesla: $3.3 billion
10) Eli Lilly & Co.: $2.6 billion

The SNB holds more than $199 billion in the U.S. stock market alone but here’s the most interesting part. More than 25% of the portfolio is only invested in 4 stocks - NVIDIA, Apple, Alphabet and Microsoft.

The Bank has continued to hold a high exposure to U.S. tech stocks when experts are warning of a possible bubble in the sector, including the European Central Bank (ECB).

Although the investments are passive, the Bank is not a static holder. Compared to the previous year, SNB has increased holdings in NVIDIA and Micron significantly, while reducing positions in Tesla and Berkshire Hathaway.

It should be noted that SNB avoids come sector altogether, such as banking & some financial stocks (conflict of interest).

Here’s what includes Swiss National Bank top holdings in the U.S.