Czech National Bank

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 8, 2025), Czech National Bank reported 503 stock positions worth $14.5 billion. Its top holding was Nvidia (NVDA) at 8.0% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Apple (AAPL, 6.6%). Compared with Q2 2025, it opened 8 new positions, sold out of 9, added to 480 and reduced 15. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale an exit from Hess (HES).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0001908923
Portfolio Value
$14.5B (Q3 2025)
SEC Filing
0001908923-25-000005 ↗ filed Oct 8, 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 Q2 2025 Q3 2025: $14.5B $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 · $14.5B
NVDA Nvidia Corp. 7.98% 6,197,202 $1.2B Add +4.0%
MSFT Microsoft Corp. 6.75% 1,887,869 $977.8M Add +3.9%
AAPL Apple Inc. 6.62% 3,769,149 $959.7M Add +3.2%
AMZN Amazon.com Inc. 3.74% 2,464,884 $541.2M Add +6.7%
META Meta Platforms Inc. Class A 2.79% 550,889 $404.6M Add +3.8%
AVGO Broadcom Inc. 2.72% 1,194,583 $394.1M Add +3.9%
GOOGL Alphabet Inc. Class A 2.48% 1,477,397 $359.2M Add +3.9%
TSLA Tesla Inc. 2.19% 712,601 $316.9M Add +4.0%
GOOG Alphabet Inc. Class C 1.99% 1,186,032 $288.9M Add +3.4%
BRK.B Berkshire Hathaway Inc. Class B 1.62% 465,731 $234.1M Add +3.9%
JPM JPMorgan Chase & Co. 1.52% 698,380 $220.3M Add +2.8%
LLY Eli Lilly & Co. 1.06% 201,919 $154.1M Add +5.0%
V Visa Inc. Class A 1.02% 431,431 $147.3M Add +3.2%
NFLX Netflix Inc. 0.89% 107,923 $129.4M Add +3.8%
XOM Exxon Mobil Corp. 0.84% 1,082,776 $122.1M Add +2.8%
MA Mastercard Inc. Class A 0.82% 209,657 $119.3M Add +5.7%
ORCL Oracle Corp. 0.82% 420,897 $118.4M Add +5.9%
WMT Walmart Inc. 0.79% 1,114,772 $114.9M Add +5.5%
JNJ Johnson & Johnson 0.78% 611,668 $113.4M Add +4.0%
PLTR Palantir Technologies Inc. Class A 0.73% 577,614 $105.4M Add +11.1%
COST Costco Wholesale Corp. 0.72% 112,634 $104.3M Add +3.9%
ABBV Abbvie Inc. 0.72% 448,659 $103.9M Add +3.9%
HD Home Depot Inc. 0.71% 252,691 $102.4M Add +4.0%
PG The Procter & Gamble Co. 0.63% 594,914 $91.4M Add +3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.62% 1,730,546 $89.3M Add +8.0%
GE General Electric filed as GE AEROSPACE 0.56% 269,330 $81.0M Add +3.3%
UNH Unitedhealth Group Inc. 0.55% 230,023 $79.4M Add +3.7%
CVX Chevron Corp. 0.52% 488,796 $75.9M Add +23.1%
CSCO Cisco Systems Inc. 0.47% 1,005,757 $68.8M Add +3.4%
WFC Wells Fargo & Co. 0.47% 813,607 $68.2M Add +2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.46% 236,587 $66.8M Add +4.1%
AMD Advanced Micro Devices 0.46% 412,208 $66.7M Add +4.0%
KO The Coca-Cola Co. 0.45% 983,738 $65.2M Add +3.9%
PM Philip Morris International 0.44% 395,342 $64.1M Add +3.9%
GS Goldman Sachs Group Inc. 0.42% 76,885 $61.2M Add +2.5%
ABT Abbott Laboratories 0.41% 442,041 $59.2M Add +3.9%
CRM Salesforce Inc. 0.40% 242,804 $57.5M Add +3.5%
RTX RTX Corp. 0.39% 339,962 $56.9M Add +4.1%
CAT Caterpillar Inc. 0.39% 118,984 $56.8M Add +3.5%
LIN Linde PLC 0.39% 119,094 $56.6M Add +3.5%
MCD McDonald's Corp. 0.38% 181,241 $55.1M Add +3.7%
MRK Merck & Co. Inc. 0.37% 634,385 $53.2M Add +3.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.36% 456,638 $52.3M Add +3.9%
UBER Uber Technologies Inc. 0.36% 529,653 $51.9M Add +3.7%
T AT&T Inc. 0.35% 1,815,736 $51.3M Add +3.2%
APP AppLovin Corp. Class A 0.34% 68,762 $49.4M New
MS Morgan Stanley 0.34% 308,132 $49.0M Add +2.0%
PEP Pepsico Inc. 0.34% 347,717 $48.8M Add +3.8%
NOW ServiceNow Inc. 0.34% 52,828 $48.6M Add +4.4%
INTU Intuit Inc. 0.33% 70,847 $48.4M Add +3.7%
MU Micron Technology Inc. 0.33% 284,235 $47.6M Add +4.1%
C Citigroup Inc. 0.33% 467,550 $47.5M Add +2.4%
VZ Verizon Communications Inc. 0.32% 1,070,859 $47.1M Add +3.9%
TMO Thermo Fisher Scientific Inc. 0.32% 95,906 $46.5M Add +3.9%
AXP American Express Co. 0.32% 137,857 $45.8M Add +1.9%
QCOM Qualcomm Inc. 0.31% 273,907 $45.6M Add +2.1%
BKNG Booking Holdings Inc. 0.31% 8,232 $44.4M Add +3.5%
LRCX Lam Research Corp. 0.30% 321,442 $43.0M Add +2.8%
BLK BlackRock Inc. 0.29% 36,577 $42.6M Add +2.8%
GEV GE Vernova Inc. 0.29% 69,140 $42.5M Add +3.6%
TXN Texas Instruments Inc. 0.29% 230,902 $42.4M Add +4.0%
AMAT Applied Materials Inc. 0.29% 203,818 $41.7M Add +2.6%
BA The Boeing Co. 0.29% 192,049 $41.4M Add +4.2%
SCHW Schwab (charles) Corp. 0.29% 433,366 $41.4M Add +3.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 283,344 $41.0M Add +3.8%
ISRG Intuitive Surgical Inc. 0.28% 91,046 $40.7M Add +3.9%
NEE Nextera Energy Inc. 0.27% 523,018 $39.5M Add +3.9%
ACN Accenture PLC Class A 0.27% 158,192 $39.0M Add +3.3%
SPGI S&P Global Inc. 0.27% 79,369 $38.6M Add +3.4%
AMGN Amgen Inc. 0.27% 136,733 $38.6M Add +4.0%
APH Amphenol Corp. Class A 0.26% 310,088 $38.4M Add +4.9%
ANET Arista Networks Inc. 0.26% 261,759 $38.1M Add +4.0%
ADBE Adobe Inc. 0.26% 107,738 $38.0M Add +3.4%
INTC Intel Corp. 0.26% 1,111,667 $37.3M Add +4.2%
ETN Eaton Corp. PLC 0.26% 98,875 $37.0M Add +3.4%
PFE Pfizer Inc. 0.25% 1,444,011 $36.8M Add +3.9%
PGR Progressive Corp. 0.25% 148,885 $36.8M Add +3.9%
BSX Boston Scientific Corp. 0.25% 376,334 $36.7M Add +4.1%
KLAC KLA Corp. 0.25% 33,516 $36.2M Add +3.7%
LOW Lowe's Cos Inc. 0.25% 142,340 $35.8M Add +4.0%
UNP Union Pacific Corp. 0.25% 150,620 $35.6M Add +3.1%
GILD Gilead Sciences Inc. 0.24% 315,140 $35.0M Add +3.6%
PANW Palo Alto Networks Inc. 0.24% 169,641 $34.5M Add +4.8%
COF Capital One Financial Corp. 0.24% 162,420 $34.5M Add +3.9%
HON Honeywell International Inc. 0.23% 161,251 $33.9M Add +2.6%
SYK Stryker Corp. 0.22% 87,389 $32.3M Add +3.9%
DHR Danaher Corp. 0.22% 161,858 $32.1M Add +4.0%
BX Blackstone Inc. 0.22% 187,205 $32.0M Add +5.0%
CRWD CrowdStrike Holdings Inc. Class A 0.21% 63,304 $31.0M Add +4.0%
MDT Medtronic PLC 0.21% 325,415 $31.0M Add +3.8%
ADI Analog Devices Inc. 0.21% 126,037 $31.0M Add +4.0%
WELL Welltower Inc. 0.21% 169,867 $30.3M Add +11.9%
ADP Automatic Data Processing 0.21% 102,873 $30.2M Add +3.7%
COP Conocophillips 0.21% 317,206 $30.0M Add +2.8%
TMUS T-Mobile US Inc. 0.20% 122,908 $29.4M Add +5.4%
CMCSA Comcast Corp. Class A 0.20% 935,345 $29.4M Add +2.7%
DE Deere & Co. 0.20% 63,970 $29.3M Add +3.7%
MO Altria Group Inc. 0.19% 426,691 $28.2M Add +3.6%
HOOD Robinhood Markets Inc. Class A 0.19% 192,535 $27.6M New
PLD Prologis Inc. 0.19% 235,709 $27.0M Add +3.9%

Show all 503 holdings

Portfolio Sells Q2 2025 → Q3 2025
HES Hess Corp. Sold out 0.00% −0.07
ANSS Ansys Inc. Sold out 0.00% −0.06
JNPR Juniper Networks Inc. Sold out 0.00% −0.03
CNC Centene Corp. Reduce -2.6% 0.03% −0.02
AIG American International Group Reduce -0.1% 0.08% −0.02
MKTX Marketaxess Holdings Inc. Sold out 0.00% −0.02
VST Vistra Corp. Reduce -2.5% 0.11% −0.02
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.02
PARAA Paramount Global Class B Sold out 0.00% −0.01
STZ Constellation Brands Inc. Class A Reduce -3.1% 0.03% −0.01
IR Ingersoll-Rand Inc. Reduce -6.8% 0.05% −0.01
CZR Caesars Entertainment Inc. Sold out 0.00% −0.01
RAL Ralliant Corp. Sold out 0.00% −0.01
ENPH Enphase Energy Inc. Sold out 0.00% −0.01
LUV Southwest Airlines Co. Reduce -4.3% 0.03% −0.01
DPZ Domino's Pizza Inc. Reduce -5.2% 0.02% −0.01
HSIC Henry Schein Inc. Reduce -12.0% 0.01% −0.00
HCA HCA Healthcare Inc. Reduce -1.7% 0.12% −0.00
POOL Pool Corp. Reduce -9.2% 0.02% −0.00
DVA Davita Inc. Reduce -10.5% 0.01% −0.00
KEY Keycorp Reduce -1.8% 0.03% −0.00
HST Host Hotels & Resorts Inc. Reduce -4.2% 0.02% −0.00
LVS Las Vegas Sands Corp. Reduce -5.4% 0.03% +0.00
WYNN WYNN Resorts Ltd. Reduce -0.3% 0.02% +0.00

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +3.2% 6.62% +0.79
NVDA Nvidia Corp. Add +4.0% 7.98% +0.64
GOOGL Alphabet Inc. Class A Add +3.9% 2.48% +0.53
TSLA Tesla Inc. Add +4.0% 2.19% +0.49
GOOG Alphabet Inc. Class C Add +3.4% 1.99% +0.41
APP AppLovin Corp. Class A New 0.34% +0.34
AVGO Broadcom Inc. Add +3.9% 2.72% +0.25
HOOD Robinhood Markets Inc. Class A New 0.19% +0.19
PLTR Palantir Technologies Inc. Class A Add +11.1% 0.73% +0.17
ORCL Oracle Corp. Add +5.9% 0.82% +0.14
ABBV Abbvie Inc. Add +3.9% 0.72% +0.09
JNJ Johnson & Johnson Add +4.0% 0.78% +0.08
CVX Chevron Corp. Add +23.1% 0.52% +0.08
DDOG Datadog Inc. Class A New 0.08% +0.08
INTC Intel Corp. Add +4.2% 0.26% +0.07
XYZ Block Inc. New 0.07% +0.07
MU Micron Technology Inc. Add +4.1% 0.33% +0.07
ANET Arista Networks Inc. Add +4.0% 0.26% +0.06
LRCX Lam Research Corp. Add +2.8% 0.30% +0.06
IBKR Interactive Brokers Gro Class A New 0.05% +0.05
EME Emcor Group Inc. New 0.05% +0.05
CAT Caterpillar Inc. Add +3.5% 0.39% +0.04
NEM Newmont Corp. Add +2.6% 0.16% +0.04
TTD Trade Desk Inc./the Class A New 0.04% +0.04
APH Amphenol Corp. Class A Add +4.9% 0.26% +0.04
GE General Electric Add +3.3% 0.56% +0.04
WBD Warner Bros Discovery Inc. Add +14.3% 0.08% +0.04
GLW Corning Inc. Add +5.1% 0.11% +0.03
WDC Western Digital Corp. Add +3.3% 0.07% +0.03
STX Seagate Technology Holdings Add +4.1% 0.09% +0.03
TMO Thermo Fisher Scientific Inc. Add +3.9% 0.32% +0.03
WELL Welltower Inc. Add +11.9% 0.21% +0.03
BAC Bank of America Corp. Add +8.0% 0.62% +0.03
C Citigroup Inc. Add +2.4% 0.33% +0.02
KLAC KLA Corp. Add +3.7% 0.25% +0.02
AMD Advanced Micro Devices Add +4.0% 0.46% +0.02
RTX RTX Corp. Add +4.1% 0.39% +0.02
TJX TJX Companies Inc. Add +3.8% 0.28% +0.02
GEV GE Vernova Inc. Add +3.6% 0.29% +0.02
TEL Te Connectivity PLC Add +3.5% 0.11% +0.02
CMI Cummins Inc. Add +3.9% 0.10% +0.02
DASH DoorDash Inc. Class A Add +12.2% 0.18% +0.02
NOC Northrop Grumman Corp. Add +3.4% 0.14% +0.01
DHI D.R. Horton Inc. Add +4.2% 0.08% +0.01
URI United Rentals Inc. Add +2.9% 0.11% +0.01
ORLY O'reilly Automotive Inc. Add +3.1% 0.16% +0.01
SPG Simon Property Group Inc. Add +10.6% 0.11% +0.01
BX Blackstone Inc. Add +5.0% 0.22% +0.01
HD Home Depot Inc. Add +4.0% 0.71% +0.01
VLO Valero Energy Corp. Add +3.1% 0.09% +0.01

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