17 Sep 2025

From the FT article "Switzerland’s US tech ‘whale’"

>>> https://lnkd.in/e5ctdeTq "Switzerland’s conservative Central Bank has quietly become one of the world’s biggest tech investors, amassing a stock portfolio that is equivalent in value to nearly a fifth of the national economy’s annual output. The Swiss National Bank has US equity holdings amounting to $167bn, spread across more than 2,300 positions, according to US Securities and Exchange Commission filings from June. More than $42bn is invested in just five companies, Amazon, Apple, Meta, Microsoft and Nvidia, making it a major Silicon Valley investor. Its stake in Apple alone is worth nearly $10bn and its stake in Nvidia is more than $11bn. Though not a sovereign wealth fund, the SNB’s $855bn balance sheet of assets, including its tech holdings, put it in a similar league as some of the world’s largest state investment vehicles, including those of Singapore and Qatar". Source: FT, IMD

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