Czech National Bank

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Czech National Bank reported 503 stock positions worth $15.4 billion. Its top holding was Nvidia (NVDA) at 7.8% of the portfolio, followed by Apple (AAPL, 6.9%) and Microsoft (MSFT, 6.2%). Compared with Q3 2025, it opened 5 new positions, sold out of 6, added to 490 and reduced 8. The biggest buy was Alphabet Class A (GOOGL, shares +4%) and the biggest sale an exit from Kellanova (K).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0001908923
Portfolio Value
$15.4B (Q4 2025)
SEC Filing
0001908923-26-000001 ↗ filed Jan 12, 2026

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 Q3 2025 Q4 2025: $15.4B $15.4B Q4 2025 Q1 2026: $15.2B Q1 2026 Q2 2026: $18.3B Q2 2026

Holdings 503 stocks · $15.4B
NVDA Nvidia Corp. 7.76% 6,407,721 $1.2B Add +3.4%
AAPL Apple Inc. 6.87% 3,896,300 $1.1B Add +3.4%
MSFT Microsoft Corp. 6.15% 1,959,620 $947.7M Add +3.8%
AMZN Amazon.com Inc. 3.84% 2,565,128 $592.1M Add +4.1%
GOOGL Alphabet Inc. Class A 3.12% 1,534,118 $480.2M Add +3.8%
AVGO Broadcom Inc. 2.80% 1,245,030 $430.9M Add +4.2%
GOOG Alphabet Inc. Class C 2.50% 1,226,139 $384.8M Add +3.4%
META Meta Platforms Inc. Class A 2.46% 574,267 $379.1M Add +4.2%
TSLA Tesla Inc. 2.16% 740,977 $333.2M Add +4.0%
BRK.B Berkshire Hathaway Inc. Class B 1.58% 483,528 $243.0M Add +3.8%
JPM JPMorgan Chase & Co. 1.50% 717,819 $231.3M Add +2.8%
LLY Eli Lilly & Co. 1.46% 209,399 $225.0M Add +3.7%
V Visa Inc. Class A 1.01% 444,888 $156.0M Add +3.1%
XOM Exxon Mobil Corp. 0.87% 1,112,003 $133.8M Add +2.7%
JNJ Johnson & Johnson 0.85% 635,294 $131.5M Add +3.9%
WMT Walmart Inc. 0.84% 1,156,226 $128.8M Add +3.7%
MA Mastercard Inc. Class A 0.80% 216,211 $123.4M Add +3.1%
PLTR Palantir Technologies Inc. Class A 0.69% 602,344 $107.1M Add +4.3%
ABBV Abbvie Inc. 0.69% 466,032 $106.5M Add +3.9%
NFLX Netflix Inc. 0.68% 1,117,377 $104.8M Add +3.5%
COST Costco Wholesale Corp. 0.65% 116,860 $100.8M Add +3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.63% 1,771,513 $97.4M Add +2.4%
AMD Advanced Micro Devices 0.60% 429,290 $91.9M Add +4.1%
HD Home Depot Inc. 0.59% 262,468 $90.3M Add +3.9%
PG The Procter & Gamble Co. 0.57% 616,162 $88.3M Add +3.6%
ORCL Oracle Corp. 0.56% 443,567 $86.5M Add +5.4%
GE General Electric filed as GE AEROSPACE 0.56% 278,139 $85.7M Add +3.3%
MU Micron Technology Inc. 0.55% 296,122 $84.5M Add +4.2%
CSCO Cisco Systems Inc. 0.52% 1,039,110 $80.0M Add +3.3%
UNH Unitedhealth Group Inc. 0.51% 238,855 $78.8M Add +3.8%
WFC Wells Fargo & Co. 0.50% 827,730 $77.1M Add +1.7%
CVX Chevron Corp. 0.49% 499,080 $76.1M Add +2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.47% 246,475 $73.0M Add +4.2%
KO The Coca-Cola Co. 0.46% 1,020,843 $71.4M Add +3.8%
CAT Caterpillar Inc. 0.46% 123,400 $70.7M Add +3.7%
GS Goldman Sachs Group Inc. 0.45% 79,106 $69.5M Add +2.9%
MRK Merck & Co. Inc. 0.45% 654,472 $68.9M Add +3.2%
CRM Salesforce Inc. 0.43% 251,028 $66.5M Add +3.4%
PM Philip Morris International 0.43% 410,463 $65.8M Add +3.8%
RTX RTX Corp. 0.42% 353,541 $64.8M Add +4.0%
ABT Abbott Laboratories 0.37% 458,515 $57.4M Add +3.7%
TMO Thermo Fisher Scientific Inc. 0.37% 99,069 $57.4M Add +3.3%
MCD McDonald's Corp. 0.37% 187,785 $57.4M Add +3.6%
LRCX Lam Research Corp. 0.37% 331,197 $56.7M Add +3.0%
MS Morgan Stanley 0.37% 318,499 $56.5M Add +3.4%
C Citigroup Inc. 0.36% 471,812 $55.1M Add +0.9%
AMAT Applied Materials Inc. 0.35% 210,063 $54.0M Add +3.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.35% 470,754 $53.6M Add +3.1%
ISRG Intuitive Surgical Inc. 0.34% 93,476 $52.9M Add +2.7%
LIN Linde PLC 0.34% 123,128 $52.5M Add +3.4%
AXP American Express Co. 0.34% 141,680 $52.4M Add +2.8%
PEP Pepsico Inc. 0.34% 360,547 $51.7M Add +3.7%
INTU Intuit Inc. 0.32% 73,511 $48.7M Add +3.8%
QCOM Qualcomm Inc. 0.31% 282,407 $48.3M Add +3.1%
APP AppLovin Corp. Class A 0.31% 71,375 $48.1M Add +3.8%
GEV GE Vernova Inc. 0.30% 71,543 $46.8M Add +3.5%
AMGN Amgen Inc. 0.30% 142,002 $46.5M Add +3.9%
T AT&T Inc. 0.30% 1,869,381 $46.4M Add +3.0%
BKNG Booking Holdings Inc. 0.30% 8,500 $45.5M Add +3.3%
VZ Verizon Communications Inc. 0.29% 1,111,810 $45.3M Add +3.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.29% 293,466 $45.1M Add +3.6%
BA The Boeing Co. 0.29% 206,478 $44.8M Add +7.5%
UBER Uber Technologies Inc. 0.29% 547,893 $44.8M Add +3.4%
NEE Nextera Energy Inc. 0.29% 549,152 $44.1M Add +5.0%
SCHW Schwab (charles) Corp. 0.29% 440,439 $44.0M Add +1.6%
ACN Accenture PLC Class A 0.28% 163,522 $43.9M Add +3.4%
INTC Intel Corp. 0.28% 1,182,310 $43.6M Add +6.3%
APH Amphenol Corp. Class A 0.28% 322,765 $43.6M Add +4.1%
SPGI S&P Global Inc. 0.28% 81,743 $42.7M Add +3.0%
KLAC KLA Corp. 0.27% 34,647 $42.1M Add +3.4%
NOW ServiceNow Inc. 0.27% 273,603 $41.9M Add +3.6%
TXN Texas Instruments Inc. 0.27% 239,591 $41.6M Add +3.8%
BLK BlackRock Inc. 0.26% 38,047 $40.7M Add +4.0%
COF Capital One Financial Corp. 0.26% 167,634 $40.6M Add +3.2%
GILD Gilead Sciences Inc. 0.26% 327,149 $40.2M Add +3.8%
ADBE Adobe Inc. 0.25% 110,379 $38.6M Add +2.5%
DHR Danaher Corp. 0.25% 165,766 $37.9M Add +2.4%
PFE Pfizer Inc. 0.24% 1,499,235 $37.3M Add +3.8%
BSX Boston Scientific Corp. 0.24% 390,897 $37.3M Add +3.9%
UNP Union Pacific Corp. 0.23% 156,407 $36.2M Add +3.8%
ANET Arista Networks Inc. 0.23% 272,284 $35.7M Add +4.0%
LOW Lowe's Cos Inc. 0.23% 147,881 $35.7M Add +3.9%
PGR Progressive Corp. 0.23% 154,624 $35.2M Add +3.9%
ADI Analog Devices Inc. 0.23% 129,722 $35.2M Add +2.9%
WELL Welltower Inc. 0.22% 180,974 $33.6M Add +6.5%
PANW Palo Alto Networks Inc. 0.22% 180,355 $33.2M Add +6.3%
HON Honeywell International Inc. 0.21% 167,411 $32.7M Add +3.8%
ETN Eaton Corp. PLC 0.21% 102,416 $32.6M Add +3.6%
MDT Medtronic PLC 0.21% 338,206 $32.5M Add +3.9%
SYK Stryker Corp. 0.21% 90,755 $31.9M Add +3.9%
PLD Prologis Inc. 0.20% 244,928 $31.3M Add +3.9%
CRWD CrowdStrike Holdings Inc. Class A 0.20% 66,173 $31.0M Add +4.5%
DE Deere & Co. 0.20% 66,292 $30.9M Add +3.6%
COP Conocophillips 0.20% 325,841 $30.5M Add +2.7%
VRTX Vertex Pharmaceuticals Inc. 0.20% 66,902 $30.3M Add +2.7%
CB Chubb Ltd. 0.20% 96,510 $30.1M Add +2.5%
BX Blackstone Inc. 0.19% 194,718 $30.0M Add +4.0%
PH Parker Hannifin Corp. 0.19% 33,274 $29.2M Add +2.5%
CEG Constellation Energy 0.19% 82,347 $29.1M Add +3.8%
BMY Bristol-Myers Squibb Co. 0.19% 536,798 $29.0M Add +3.8%

Show all 503 holdings

Portfolio Sells Q3 2025 → Q4 2025
K Kellanova Sold out 0.00% −0.04
IPG Interpublic Group of Cos Inc. Sold out 0.00% −0.02
LKQ LKQ Corp. Sold out 0.00% −0.01
CHTR Charter Communications Inc. Class A Reduce -1.6% 0.03% −0.01
EMN Eastman Chemical Co. Sold out 0.00% −0.01
LEN Lennar Corp. Class A Reduce -1.6% 0.04% −0.01
KMX Carmax Inc. Sold out 0.00% −0.01
MHK Mohawk Industries Inc. Sold out 0.00% −0.01
CF CF Industries Holdings Inc. Reduce -0.0% 0.02% −0.00
IT Gartner Inc. Reduce -1.2% 0.03% −0.00
MOH Molina Healthcare Inc. Reduce -1.5% 0.02% −0.00
JCI Johnson Controls Internation Reduce -3.0% 0.13% −0.00
TKO Tko Group Holdings Inc. Reduce -0.2% 0.02% −0.00
FTV Fortive Corp. Reduce -2.5% 0.03% +0.00

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +3.8% 3.12% +0.64
GOOG Alphabet Inc. Class C Add +3.4% 2.50% +0.50
LLY Eli Lilly & Co. Add +3.7% 1.46% +0.40
AAPL Apple Inc. Add +3.4% 6.87% +0.25
MU Micron Technology Inc. Add +4.2% 0.55% +0.22
CRH CRH PLC New 0.14% +0.14
AMD Advanced Micro Devices Add +4.1% 0.60% +0.14
AMZN Amazon.com Inc. Add +4.1% 3.84% +0.11
CVNA Carvana Co. New 0.10% +0.10
MRK Merck & Co. Inc. Add +3.2% 0.45% +0.08
AVGO Broadcom Inc. Add +4.2% 2.80% +0.08
LRCX Lam Research Corp. Add +3.0% 0.37% +0.07
JNJ Johnson & Johnson Add +3.9% 0.85% +0.07
CAT Caterpillar Inc. Add +3.7% 0.46% +0.07
ISRG Intuitive Surgical Inc. Add +2.7% 0.34% +0.06
AMAT Applied Materials Inc. Add +3.1% 0.35% +0.06
ARES Ares Management Corp. Class A New 0.06% +0.06
SNDK Sandisk Corp. New 0.06% +0.06
FIX Comfort Systems USA Inc. New 0.06% +0.06
TMO Thermo Fisher Scientific Inc. Add +3.3% 0.37% +0.05
CSCO Cisco Systems Inc. Add +3.3% 0.52% +0.04
WMT Walmart Inc. Add +3.7% 0.84% +0.04
WBD Warner Bros Discovery Inc. Add +3.9% 0.12% +0.04
AMGN Amgen Inc. Add +3.9% 0.30% +0.04
CRM Salesforce Inc. Add +3.4% 0.43% +0.03
REGN Regeneron Pharmaceuticals Add +2.7% 0.13% +0.03
WFC Wells Fargo & Co. Add +1.7% 0.50% +0.03
C Citigroup Inc. Add +0.9% 0.36% +0.03
MS Morgan Stanley Add +3.4% 0.37% +0.03
GS Goldman Sachs Group Inc. Add +2.9% 0.45% +0.03
RTX RTX Corp. Add +4.0% 0.42% +0.03
GM General Motors Co. Add +1.7% 0.13% +0.03
WDC Western Digital Corp. Add +2.3% 0.10% +0.03
BMY Bristol-Myers Squibb Co. Add +3.8% 0.19% +0.03
FCX Freeport-McMoran Inc. Add +3.8% 0.12% +0.03
XOM Exxon Mobil Corp. Add +2.7% 0.87% +0.03
INTC Intel Corp. Add +6.3% 0.28% +0.03
COF Capital One Financial Corp. Add +3.2% 0.26% +0.03
DHR Danaher Corp. Add +2.4% 0.25% +0.02
AXP American Express Co. Add +2.8% 0.34% +0.02
NEM Newmont Corp. Add +3.1% 0.19% +0.02
KLAC KLA Corp. Add +3.4% 0.27% +0.02
VRTX Vertex Pharmaceuticals Inc. Add +2.7% 0.20% +0.02
PH Parker Hannifin Corp. Add +2.5% 0.19% +0.02
GILD Gilead Sciences Inc. Add +3.8% 0.26% +0.02
CMI Cummins Inc. Add +4.0% 0.12% +0.02
APH Amphenol Corp. Class A Add +4.1% 0.28% +0.02
CAH Cardinal Health Inc. Add +3.3% 0.08% +0.02
UPS United Parcel Service Class B Add +4.2% 0.13% +0.02
FDX FedEx Corp. Add +3.8% 0.11% +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