The Swiss National Bank (SNB) is one of the shareholders of Trump Media & Technology, the parent company of the social network Truth Social. This is revealed by the forms that the institution must provide to the SEC, the policeman of the American markets.
The SNB has several hundred billion francs in foreign exchange reserves. She invests them in bonds, in gold, but also partly in stocks. It is very difficult to know precisely his investments, with the exception of his investments on the American Stock Exchange. American legislation requires it to publish them every quarter.
We discover that it holds nearly 2,500 shares listed in the United States. Its portfolio, which increased by almost 6% in the third quarter thanks to the good performance of the stock markets, amounts to 154 billion dollars (around 136 billion francs).
A “neutral” approach
When contacted, the BNS did not explain why it purchased shares in the company of which Donald Trump is a shareholder. She does not comment on any particular position. She explains that she “adopts as neutral and passive an approach as possible in her equity investments. Her portfolio thus reproduces the relevant market in its entirety, hence maximum diversification of its investments.”
In short, it buys all American stocks. And since Trump Media & Technology went public this year, it is in his portfolio to the tune of $1.8 million. A modest amount compared to its investments but which remains a symbol.
However, the SNB nevertheless makes a few exceptions, such as banks or companies that rely heavily on coal for example. Its policy regularly attracts criticism, because it continues to invest in polluting companies, such as oil groups or shale gas extraction.
Shares in tech giants
The SEC document also makes it possible to know its main positions. The most important are the tech giants, starting with Apple, Microsoft, Amazon, Meta (the parent company of Facebook) and Alphabet (the parent company of Google).
Tesla is also there. The Swiss National Bank holds more than $2.2 billion in shares in Elon Musk’s company, also one of Donald Trump’s major supporters. A particularly profitable investment since the stock increased by 30% during the third quarter.
Outside of tech, several pharmaceutical companies, including Elli Lilly, feature in the BNS’s largest investments, as does Exxon Mobile, the oil giant.
Mathilde Farine
Subject produced with the help of the RTS Data team
Swiss
Related News :