#Switzerland #SNB
The Swiss National Bank (SNB) has secretly become one of the largest investors in the technology sector worldwide💰.
With a stock portfolio worth around 167 billion US dollars, it holds more than 2,300 positions, including over 42 billion US dollars in five tech giants: Amazon, Apple, Meta, Microsoft, and Nvidia. The stake in Apple alone amounts to almost 10 billion US dollars, while Nvidia is over 11 billion.🔥
Although the SNB is not a sovereign fund, its balance sheet total of 855 billion US dollars places it in a league with the largest sovereign investment funds in the world. 🇨🇭
The SNB primarily uses these holdings for currency management and not to exert influence over companies. ⚖️This distinguishes it from other central banks, as no other holds such large stock positions.
This unusual strategy serves to weaken the strong Swiss franc, 💥by buying foreign currency and investing in foreign stocks.
The SNB is considered conservative, yet it operates very unconventionally with this method. 💸Through high tech investments, it positions itself as a significant investor in Silicon Valley.💎
These facts highlight the immense weight and strategic importance of the SNB as a quiet but powerful player in the global tech markets.🚀