Czech National Bank

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), Czech National Bank reported 504 stock positions worth $12.8 billion. Its top holding was Nvidia (NVDA) at 7.3% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Apple (AAPL, 5.8%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 498 and reduced 5. The biggest buy was Nvidia (NVDA, shares +6%) and the biggest sale an exit from Discover Financial Services (DFS).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0001908923
Portfolio Value
$12.8B (Q2 2025)
SEC Filing
0001908923-25-000004 ↗ filed Jul 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 Q1 2025 Q2 2025: $12.8B $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 504 stocks · $12.8B
NVDA Nvidia Corp. 7.34% 5,961,185 $941.8M Add +6.0%
MSFT Microsoft Corp. 7.04% 1,816,778 $903.7M Add +6.4%
AAPL Apple Inc. 5.84% 3,650,810 $749.0M Add +5.8%
AMZN Amazon.com Inc. 3.95% 2,309,562 $506.7M Add +6.6%
META Meta Platforms Inc. Class A 3.05% 530,705 $391.7M Add +5.5%
AVGO Broadcom Inc. 2.47% 1,149,323 $316.8M Add +6.8%
GOOGL Alphabet Inc. Class A 1.95% 1,422,615 $250.7M Add +6.2%
BRK.B Berkshire Hathaway Inc. Class B 1.70% 448,229 $217.7M Add +6.5%
TSLA Tesla Inc. 1.70% 684,892 $217.6M Add +6.6%
GOOG Alphabet Inc. Class C 1.59% 1,147,561 $203.6M Add +5.7%
JPM JPMorgan Chase & Co. 1.53% 679,309 $196.9M Add +5.8%
LLY Eli Lilly & Co. 1.17% 192,278 $149.9M Add +6.3%
V Visa Inc. Class A 1.16% 418,225 $148.5M Add +5.7%
NFLX Netflix Inc. 1.09% 104,015 $139.3M Add +5.9%
XOM Exxon Mobil Corp. 0.89% 1,053,517 $113.6M Add +5.4%
MA Mastercard Inc. Class A 0.87% 198,270 $111.4M Add +6.0%
COST Costco Wholesale Corp. 0.84% 108,451 $107.4M Add +6.4%
WMT Walmart Inc. 0.80% 1,056,187 $103.3M Add +6.0%
PG The Procter & Gamble Co. 0.71% 573,089 $91.3M Add +6.4%
JNJ Johnson & Johnson 0.70% 588,129 $89.8M Add +6.4%
HD Home Depot Inc. 0.69% 242,951 $89.1M Add +6.5%
ORCL Oracle Corp. 0.68% 397,563 $86.9M Add +6.7%
ABBV Abbvie Inc. 0.62% 431,771 $80.1M Add +6.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.59% 1,601,720 $75.8M Add +5.3%
PLTR Palantir Technologies Inc. Class A 0.55% 519,946 $70.9M Add +10.4%
PM Philip Morris International 0.54% 380,468 $69.3M Add +6.5%
UNH Unitedhealth Group Inc. 0.54% 221,726 $69.2M Add +4.9%
CSCO Cisco Systems Inc. 0.53% 972,436 $67.5M Add +6.3%
GE General Electric filed as GE AEROSPACE 0.52% 260,662 $67.1M Add +5.7%
KO The Coca-Cola Co. 0.52% 946,845 $67.0M Add +6.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.52% 227,177 $67.0M Add +7.0%
CRM Salesforce Inc. 0.50% 234,529 $64.0M Add +6.7%
WFC Wells Fargo & Co. 0.50% 795,437 $63.7M Add +5.3%
ABT Abbott Laboratories 0.45% 425,277 $57.8M Add +6.8%
CVX Chevron Corp. 0.44% 396,970 $56.8M Add +3.4%
AMD Advanced Micro Devices 0.44% 396,314 $56.2M Add +6.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.42% 439,397 $54.5M Add +5.8%
LIN Linde PLC 0.42% 115,061 $54.0M Add +5.2%
INTU Intuit Inc. 0.42% 68,334 $53.8M Add +6.3%
GS Goldman Sachs Group Inc. 0.41% 75,002 $53.1M Add +4.7%
NOW ServiceNow Inc. 0.41% 50,598 $52.0M Add +6.9%
MCD McDonald's Corp. 0.40% 174,809 $51.1M Add +6.2%
T AT&T Inc. 0.40% 1,758,860 $50.9M Add +6.7%
MRK Merck & Co. Inc. 0.38% 613,785 $48.6M Add +5.6%
RTX RTX Corp. 0.37% 326,554 $47.7M Add +6.7%
UBER Uber Technologies Inc. 0.37% 510,932 $47.7M Add +6.5%
ISRG Intuitive Surgical Inc. 0.37% 87,610 $47.6M Add +7.0%
TXN Texas Instruments Inc. 0.36% 222,062 $46.1M Add +6.2%
BKNG Booking Holdings Inc. 0.36% 7,953 $46.0M Add +4.6%
ACN Accenture PLC Class A 0.36% 153,099 $45.8M Add +6.6%
CAT Caterpillar Inc. 0.35% 114,961 $44.6M Add +4.7%
VZ Verizon Communications Inc. 0.35% 1,030,540 $44.6M Add +6.6%
PEP Pepsico Inc. 0.34% 335,132 $44.3M Add +6.4%
AXP American Express Co. 0.34% 135,286 $43.2M Add +6.1%
QCOM Qualcomm Inc. 0.33% 268,192 $42.7M Add +5.6%
MS Morgan Stanley 0.33% 301,957 $42.5M Add +6.2%
SPGI S&P Global Inc. 0.32% 76,728 $40.5M Add +6.0%
ADBE Adobe Inc. 0.31% 104,178 $40.3M Add +4.2%
C Citigroup Inc. 0.30% 456,540 $38.9M Add +5.9%
BSX Boston Scientific Corp. 0.30% 361,629 $38.8M Add +6.8%
BA The Boeing Co. 0.30% 184,270 $38.6M Add +6.9%
PGR Progressive Corp. 0.30% 143,294 $38.2M Add +6.5%
SCHW Schwab (charles) Corp. 0.30% 417,484 $38.1M Add +6.7%
TMO Thermo Fisher Scientific Inc. 0.29% 92,272 $37.4M Add +5.0%
BLK BlackRock Inc. 0.29% 35,597 $37.4M Add +6.5%
AMGN Amgen Inc. 0.29% 131,434 $36.7M Add +6.5%
HON Honeywell International Inc. 0.29% 157,094 $36.6M Add +5.2%
AMAT Applied Materials Inc. 0.28% 198,589 $36.4M Add +6.3%
GEV GE Vernova Inc. 0.28% 66,715 $35.3M Add +5.3%
NEE Nextera Energy Inc. 0.27% 503,202 $34.9M Add +6.5%
ETN Eaton Corp. PLC 0.27% 95,647 $34.1M Add +5.4%
GILD Gilead Sciences Inc. 0.26% 304,060 $33.7M Add +6.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 272,910 $33.7M Add +5.7%
PFE Pfizer Inc. 0.26% 1,389,705 $33.7M Add +6.8%
MU Micron Technology Inc. 0.26% 273,152 $33.7M Add +6.7%
UNP Union Pacific Corp. 0.26% 146,044 $33.6M Add +5.2%
COF Capital One Financial Corp. 0.26% 156,346 $33.3M Add +78.6%
SYK Stryker Corp. 0.26% 84,073 $33.3M Add +6.6%
PANW Palo Alto Networks Inc. 0.26% 161,840 $33.1M Add +6.4%
CMCSA Comcast Corp. Class A 0.25% 910,470 $32.5M Add +5.1%
DE Deere & Co. 0.24% 61,699 $31.4M Add +6.1%
CRWD CrowdStrike Holdings Inc. Class A 0.24% 60,882 $31.0M Add +7.6%
DHR Danaher Corp. 0.24% 155,692 $30.8M Add +5.9%
ADP Automatic Data Processing 0.24% 99,221 $30.6M Add +6.2%
LRCX Lam Research Corp. 0.24% 312,661 $30.4M Add +6.0%
LOW Lowe's Cos Inc. 0.24% 136,812 $30.4M Add +5.5%
APH Amphenol Corp. Class A 0.23% 295,669 $29.2M Add +6.3%
KLAC KLA Corp. 0.23% 32,324 $29.0M Add +5.9%
ADI Analog Devices Inc. 0.22% 121,234 $28.9M Add +6.4%
VRTX Vertex Pharmaceuticals Inc. 0.22% 62,770 $27.9M Add +6.4%
TMUS T-Mobile US Inc. 0.22% 116,577 $27.8M Add +5.8%
COP Conocophillips 0.22% 308,577 $27.7M Add +5.3%
MDT Medtronic PLC 0.21% 313,499 $27.3M Add +6.4%
BX Blackstone Inc. 0.21% 178,351 $26.7M Add +6.1%
CB Chubb Ltd. 0.21% 91,095 $26.4M Add +6.4%
MRSH Marsh & McLennan Cos 0.21% 120,440 $26.3M Add +6.8%
ANET Arista Networks Inc. 0.20% 251,733 $25.8M Add +6.1%
ICE Intercontinental Exchange Inc. 0.20% 140,162 $25.7M Add +6.2%
SBUX Starbucks Corp. 0.20% 277,776 $25.5M Add +6.5%
AMT American Tower Corp. 0.20% 114,429 $25.3M Add +6.6%

Show all 504 holdings

Portfolio Sells Q1 2025 → Q2 2025
DFS Discover Financial Services Sold out 0.00% −0.09
KR Kroger Co. Reduce -2.1% 0.08% −0.01
BALL Ball Corp. Reduce -1.1% 0.03% −0.00
SWKS Skyworks Solutions Inc. Reduce -0.6% 0.02% −0.00
MGM MGM Resorts International Reduce -1.6% 0.01% −0.00
CF CF Industries Holdings Inc. Reduce -0.9% 0.03% −0.00

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +6.0% 7.34% +1.76
MSFT Microsoft Corp. Add +6.4% 7.04% +1.17
AVGO Broadcom Inc. Add +6.8% 2.47% +0.82
META Meta Platforms Inc. Class A Add +5.5% 3.05% +0.40
NFLX Netflix Inc. Add +5.9% 1.09% +0.25
ORCL Oracle Corp. Add +6.7% 0.68% +0.20
PLTR Palantir Technologies Inc. Class A Add +10.4% 0.55% +0.19
AMZN Amazon.com Inc. Add +6.6% 3.95% +0.17
TSLA Tesla Inc. Add +6.6% 1.70% +0.17
COIN Coinbase Global Inc. Class A New 0.14% +0.14
COF Capital One Financial Corp. Add +78.6% 0.26% +0.12
GEV GE Vernova Inc. Add +5.3% 0.28% +0.10
JPM JPMorgan Chase & Co. Add +5.8% 1.53% +0.09
AMD Advanced Micro Devices Add +6.5% 0.44% +0.09
GE General Electric Add +5.7% 0.52% +0.07
APH Amphenol Corp. Class A Add +6.3% 0.23% +0.06
NOW ServiceNow Inc. Add +6.9% 0.41% +0.06
CEG Constellation Energy Add +6.6% 0.19% +0.06
CRWD CrowdStrike Holdings Inc. Class A Add +7.6% 0.24% +0.06
MU Micron Technology Inc. Add +6.7% 0.26% +0.06
INTU Intuit Inc. Add +6.3% 0.42% +0.06
GOOGL Alphabet Inc. Class A Add +6.2% 1.95% +0.06
GS Goldman Sachs Group Inc. Add +4.7% 0.41% +0.06
UBER Uber Technologies Inc. Add +6.5% 0.37% +0.05
DIS The Walt Disney Co. Add +5.8% 0.42% +0.05
RCL Royal Caribbean Cruises Ltd. Add +7.4% 0.15% +0.04
VST Vistra Corp. Add +6.1% 0.13% +0.04
LRCX Lam Research Corp. Add +6.0% 0.24% +0.04
ETN Eaton Corp. PLC Add +5.4% 0.27% +0.04
IBM Intl Business Machines Corp. Add +7.0% 0.52% +0.04
BKNG Booking Holdings Inc. Add +4.6% 0.36% +0.04
AXON Axon Enterprise Inc. Add +8.7% 0.12% +0.04
KLAC KLA Corp. Add +5.9% 0.23% +0.04
AMAT Applied Materials Inc. Add +6.3% 0.28% +0.04
GOOG Alphabet Inc. Class C Add +5.7% 1.59% +0.03
HWM Howmet Aerospace Inc. Add +6.1% 0.14% +0.03
ANET Arista Networks Inc. Add +6.1% 0.20% +0.03
BA The Boeing Co. Add +6.9% 0.30% +0.03
DASH DoorDash Inc. Class A Add +7.5% 0.16% +0.03
MS Morgan Stanley Add +6.2% 0.33% +0.03
PWR Quanta Services Inc. Add +6.8% 0.11% +0.03
TT Trane Technologies PLC Add +5.8% 0.19% +0.03
C Citigroup Inc. Add +5.9% 0.30% +0.02
AXP American Express Co. Add +6.1% 0.34% +0.02
JCI Johnson Controls Internation Add +6.1% 0.13% +0.02
PM Philip Morris International Add +6.5% 0.54% +0.02
PANW Palo Alto Networks Inc. Add +6.4% 0.26% +0.02
STX Seagate Technology Holdings Add +6.7% 0.06% +0.02
NRG NRG Energy Inc. Add +2.7% 0.06% +0.02
MCHP Microchip Technology Inc. Add +6.4% 0.07% +0.02

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