September 16, 2025|
AI
|3 months agoSNB emerges as major Silicon Valley investor with $167 billion US equity portfolio
Swiss National Bank revealed as one of world's largest tech investors, with significant stakes in major US technology companies worth nearly fifth of national GDP.

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Generated IllustrationKey Takeaways
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- The Swiss National Bank holds US equity positions valued at $167 billion (CHF 132 billion).
- The SNB's US equity portfolio is spread across more than 2,300 individual positions.
- The SNB is not a sovereign wealth fund but operates with an $855 billion balance sheet.
- The Swiss Franc has appreciated more than 13% against the US dollar this year.
- The SNB's equity portfolio value is equivalent to nearly one-fifth of Switzerland's annual GDP.
By The Numbers
$42 billion
Investment in top 5 US tech companies
$11 billion
Value of Nvidia stake
$10 billion
Value of Apple stake
87%
Percentage of balance sheet in foreign currency assets
They Said
"Switzerland doesn’t need a sovereign wealth fund when we have the SNB."
"But they don’t want to take any role in these companies – it is purely a tool to manage the currency."