Czech National Bank

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Czech National Bank reported 503 stock positions worth $10.9 billion. Its top holding was Apple (AAPL) at 7.0% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Nvidia (NVDA, 5.6%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 497 and reduced 2. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +6%) and the biggest sale General Motors (GM, shares −4%).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0001908923
Portfolio Value
$10.9B (Q1 2025)
SEC Filing
0001908923-25-000002 ↗ filed Apr 9, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $7.8B Q1 2024 Q2 2024: $8.7B Q2 2024 Q3 2024: $9.9B Q3 2024 Q4 2024: $10.8B Q4 2024 Q1 2025: $10.9B $10.9B Q1 2025 Q2 2025: $12.8B Q2 2025 Q3 2025: $14.5B Q3 2025 Q4 2025: $15.4B Q4 2025 Q1 2026: $15.2B Q1 2026 Q2 2026: $18.3B Q2 2026

Holdings 503 stocks · $10.9B
AAPL Apple Inc. 7.02% 3,450,234 $766.4M Add +5.3%
MSFT Microsoft Corp. 5.87% 1,707,472 $641.0M Add +5.9%
NVDA Nvidia Corp. 5.58% 5,625,493 $609.7M Add +5.8%
AMZN Amazon.com Inc. 3.77% 2,166,426 $412.2M Add +6.8%
META Meta Platforms Inc. Class A 2.65% 503,007 $289.9M Add +6.3%
BRK.B Berkshire Hathaway Inc. Class B 2.05% 421,000 $224.2M Add +5.9%
GOOGL Alphabet Inc. Class A 1.90% 1,339,802 $207.2M Add +5.7%
AVGO Broadcom Inc. 1.65% 1,076,614 $180.3M Add +6.3%
GOOG Alphabet Inc. Class C 1.55% 1,085,884 $169.6M Add +5.2%
TSLA Tesla Inc. 1.52% 642,596 $166.5M Add +6.1%
JPM JPMorgan Chase & Co. 1.44% 642,222 $157.5M Add +5.2%
LLY Eli Lilly & Co. 1.37% 180,976 $149.5M Add +5.9%
V Visa Inc. Class A 1.27% 395,830 $138.7M Add +5.6%
XOM Exxon Mobil Corp. 1.09% 999,817 $118.9M Add +4.9%
UNH Unitedhealth Group Inc. 1.01% 211,375 $110.7M Add +5.9%
MA Mastercard Inc. Class A 0.94% 187,055 $102.5M Add +5.3%
COST Costco Wholesale Corp. 0.88% 101,956 $96.4M Add +6.1%
PG The Procter & Gamble Co. 0.84% 538,576 $91.8M Add +5.5%
JNJ Johnson & Johnson 0.84% 552,976 $91.7M Add +5.9%
NFLX Netflix Inc. 0.84% 98,249 $91.6M Add +6.0%
WMT Walmart Inc. 0.80% 996,378 $87.5M Add +5.9%
ABBV Abbvie Inc. 0.78% 405,475 $85.0M Add +5.8%
HD Home Depot Inc. 0.77% 228,160 $83.6M Add +6.0%
CVX Chevron Corp. 0.59% 383,870 $64.2M Add +5.9%
KO The Coca-Cola Co. 0.58% 889,250 $63.7M Add +5.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.58% 1,520,845 $63.5M Add +5.1%
CRM Salesforce Inc. 0.54% 219,808 $59.0M Add +6.0%
PM Philip Morris International 0.52% 357,126 $56.7M Add +5.9%
CSCO Cisco Systems Inc. 0.52% 914,778 $56.5M Add +5.8%
WFC Wells Fargo & Co. 0.50% 755,410 $54.2M Add +4.7%
ABT Abbott Laboratories 0.48% 398,377 $52.8M Add +5.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 212,376 $52.8M Add +5.9%
MRK Merck & Co. Inc. 0.48% 581,018 $52.2M Add +5.9%
ORCL Oracle Corp. 0.48% 372,602 $52.1M Add +6.9%
MCD McDonald's Corp. 0.47% 164,596 $51.4M Add +5.9%
LIN Linde PLC 0.47% 109,366 $50.9M Add +5.9%
GE General Electric filed as GE AEROSPACE 0.45% 246,518 $49.3M Add +5.0%
PEP Pepsico Inc. 0.43% 315,012 $47.2M Add +5.9%
T AT&T Inc. 0.43% 1,648,718 $46.6M Add +6.0%
ACN Accenture PLC Class A 0.41% 143,663 $44.8M Add +6.0%
VZ Verizon Communications Inc. 0.40% 966,690 $43.8M Add +5.9%
TMO Thermo Fisher Scientific Inc. 0.40% 87,854 $43.7M Add +5.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.38% 415,221 $41.0M Add +5.8%
ISRG Intuitive Surgical Inc. 0.37% 81,918 $40.6M Add +6.1%
RTX RTX Corp. 0.37% 305,969 $40.5M Add +6.0%
PLTR Palantir Technologies Inc. Class A 0.36% 470,811 $39.7M Add +5.9%
INTU Intuit Inc. 0.36% 64,292 $39.5M Add +5.8%
GS Goldman Sachs Group Inc. 0.36% 71,670 $39.2M Add +5.3%
QCOM Qualcomm Inc. 0.36% 254,031 $39.0M Add +5.5%
AMGN Amgen Inc. 0.35% 123,387 $38.4M Add +5.9%
ADBE Adobe Inc. 0.35% 99,965 $38.3M Add +4.7%
AMD Advanced Micro Devices 0.35% 372,199 $38.2M Add +5.8%
PGR Progressive Corp. 0.35% 134,552 $38.1M Add +5.9%
NOW ServiceNow Inc. 0.34% 47,315 $37.7M Add +5.6%
TXN Texas Instruments Inc. 0.34% 209,089 $37.6M Add +5.7%
SPGI S&P Global Inc. 0.34% 72,350 $36.8M Add +5.1%
CAT Caterpillar Inc. 0.33% 109,773 $36.2M Add +4.9%
BKNG Booking Holdings Inc. 0.32% 7,601 $35.0M Add +5.9%
UBER Uber Technologies Inc. 0.32% 479,813 $35.0M Add +5.1%
AXP American Express Co. 0.31% 127,475 $34.3M Add +5.7%
BSX Boston Scientific Corp. 0.31% 338,618 $34.2M Add +6.0%
NEE Nextera Energy Inc. 0.31% 472,324 $33.5M Add +5.9%
MS Morgan Stanley 0.30% 284,209 $33.2M Add +5.7%
PFE Pfizer Inc. 0.30% 1,301,574 $33.0M Add +5.9%
UNP Union Pacific Corp. 0.30% 138,795 $32.8M Add +5.6%
GILD Gilead Sciences Inc. 0.29% 286,312 $32.1M Add +6.0%
CMCSA Comcast Corp. Class A 0.29% 866,274 $32.0M Add +4.7%
BLK BlackRock Inc. 0.29% 33,438 $31.6M Add +5.9%
HON Honeywell International Inc. 0.29% 149,351 $31.6M Add +5.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.29% 258,201 $31.4M Add +5.6%
COP Conocophillips 0.28% 293,047 $30.8M Add +4.5%
SCHW Schwab (charles) Corp. 0.28% 391,408 $30.6M Add +20.8%
C Citigroup Inc. 0.28% 431,141 $30.6M Add +5.1%
LOW Lowe's Cos Inc. 0.28% 129,691 $30.2M Add +5.4%
DHR Danaher Corp. 0.28% 146,962 $30.1M Add +5.4%
BA The Boeing Co. 0.27% 172,329 $29.4M Add +6.3%
TMUS T-Mobile US Inc. 0.27% 110,141 $29.4M Add +4.2%
SYK Stryker Corp. 0.27% 78,878 $29.4M Add +6.0%
FISV Fiserv Inc. 0.26% 130,672 $28.9M Add +5.9%
VRTX Vertex Pharmaceuticals Inc. 0.26% 58,980 $28.6M Add +5.6%
ADP Automatic Data Processing 0.26% 93,452 $28.6M Add +5.8%
BMY Bristol-Myers Squibb Co. 0.26% 466,102 $28.4M Add +6.0%
MRSH Marsh & McLennan Cos 0.25% 112,805 $27.5M Add +5.9%
DE Deere & Co. 0.25% 58,176 $27.3M Add +5.5%
AMAT Applied Materials Inc. 0.25% 186,766 $27.1M Add +4.5%
MDT Medtronic PLC 0.24% 294,521 $26.5M Add +5.9%
PANW Palo Alto Networks Inc. 0.24% 152,074 $25.9M Add +7.2%
CB Chubb Ltd. 0.24% 85,593 $25.8M Add +5.3%
SBUX Starbucks Corp. 0.23% 260,898 $25.6M Add +6.2%
ETN Eaton Corp. PLC 0.23% 90,771 $24.7M Add +5.9%
PLD Prologis Inc. 0.22% 212,789 $23.8M Add +6.0%
BX Blackstone Inc. 0.22% 168,112 $23.5M Add +7.4%
MO Altria Group Inc. 0.21% 389,259 $23.4M Add +5.9%
AMT American Tower Corp. 0.21% 107,334 $23.4M Add +5.9%
ELV Elevance Health Inc. 0.21% 53,269 $23.2M Add +5.9%
SO The Southern Co. 0.21% 251,537 $23.1M Add +5.9%
ADI Analog Devices Inc. 0.21% 113,950 $23.0M Add +5.8%
ICE Intercontinental Exchange Inc. 0.21% 131,968 $22.8M Add +6.0%
INTC Intel Corp. 0.21% 994,534 $22.6M Add +6.3%
MU Micron Technology Inc. 0.20% 255,908 $22.2M Add +6.4%

Show all 503 holdings

Portfolio Sells Q4 2024 → Q1 2025
GM General Motors Co. Reduce -4.1% 0.10% −0.02
TFX Teleflex Inc. Sold out 0.00% −0.02
CE Celanese Corp. Sold out 0.00% −0.02
BWA Borgwarner Inc. Sold out 0.00% −0.01
FMC FMC Corp. Sold out 0.00% −0.01
TPR Tapestry Inc. Reduce -5.9% 0.03% +0.00

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +5.9% 2.05% +0.38
V Visa Inc. Class A Add +5.6% 1.27% +0.17
ABBV Abbvie Inc. Add +5.8% 0.78% +0.15
LLY Eli Lilly & Co. Add +5.9% 1.37% +0.15
PM Philip Morris International Add +5.9% 0.52% +0.14
JNJ Johnson & Johnson Add +5.9% 0.84% +0.14
XOM Exxon Mobil Corp. Add +4.9% 1.09% +0.14
DASH DoorDash Inc. Class A New 0.13% +0.13
CVX Chevron Corp. Add +5.9% 0.59% +0.10
T AT&T Inc. Add +6.0% 0.43% +0.10
KO The Coca-Cola Co. Add +5.7% 0.58% +0.10
ABT Abbott Laboratories Add +5.9% 0.48% +0.09
META Meta Platforms Inc. Class A Add +6.3% 2.65% +0.09
GE General Electric Add +5.0% 0.45% +0.09
JPM JPMorgan Chase & Co. Add +5.2% 1.44% +0.09
UNH Unitedhealth Group Inc. Add +5.9% 1.01% +0.08
IBM Intl Business Machines Corp. Add +5.9% 0.48% +0.08
NFLX Netflix Inc. Add +6.0% 0.84% +0.07
MA Mastercard Inc. Class A Add +5.3% 0.94% +0.07
AMGN Amgen Inc. Add +5.9% 0.35% +0.07
COST Costco Wholesale Corp. Add +6.1% 0.88% +0.07
PGR Progressive Corp. Add +5.9% 0.35% +0.07
CVS CVS Health Corp. Add +6.2% 0.18% +0.07
LIN Linde PLC Add +5.9% 0.47% +0.07
UBER Uber Technologies Inc. Add +5.1% 0.32% +0.07
VZ Verizon Communications Inc. Add +5.9% 0.40% +0.06
GILD Gilead Sciences Inc. Add +6.0% 0.29% +0.06
RTX RTX Corp. Add +6.0% 0.37% +0.06
SCHW Schwab (charles) Corp. Add +20.8% 0.28% +0.06
MCD McDonald's Corp. Add +5.9% 0.47% +0.05
VRTX Vertex Pharmaceuticals Inc. Add +5.6% 0.26% +0.05
TMUS T-Mobile US Inc. Add +4.2% 0.27% +0.05
PLTR Palantir Technologies Inc. Class A Add +5.9% 0.36% +0.05
EXE Expand Energy Corp. New 0.05% +0.05
BSX Boston Scientific Corp. Add +6.0% 0.31% +0.05
PG The Procter & Gamble Co. Add +5.5% 0.84% +0.05
WELL Welltower Inc. Add +9.1% 0.20% +0.05
CSCO Cisco Systems Inc. Add +5.8% 0.52% +0.04
MRSH Marsh & McLennan Cos Add +5.9% 0.25% +0.04
AJG Arthur J Gallagher & Co. Add +7.9% 0.18% +0.04
AMT American Tower Corp. Add +5.9% 0.21% +0.04
WSM Williams-Sonoma Inc. New 0.04% +0.04
ELV Elevance Health Inc. Add +5.9% 0.21% +0.04
ICE Intercontinental Exchange Inc. Add +6.0% 0.21% +0.04
MDT Medtronic PLC Add +5.9% 0.24% +0.04
MO Altria Group Inc. Add +5.9% 0.21% +0.04
ORLY O'reilly Automotive Inc. Add +5.5% 0.17% +0.04
CI The Cigna Group Add +4.3% 0.19% +0.04
DE Deere & Co. Add +5.5% 0.25% +0.03
INTC Intel Corp. Add +6.3% 0.21% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 503$18.3BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 503$15.2BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 503$15.4BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 503$14.5BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 504$12.8BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 503$10.9BAAPL, MSFT, NVDA, AMZN, META
Q4 2024 503$10.8BAAPL, NVDA, MSFT, AMZN, META
Q3 2024Amended 504$9.9BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 503$8.7BMSFT, NVDA, AAPL, AMZN, META
Q1 2024 503$7.8BMSFT, AAPL, NVDA, AMZN, META