Swiss National Bank

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Swiss National Bank reported 2,440 stock positions worth $150.3 billion. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Nvidia (NVDA, 6.2%) and Microsoft (MSFT, 5.6%). Compared with Q3 2024, it opened 36 new positions, sold out of 65, added to 952 and reduced 888. The biggest buy was Visa Class A (V, shares +1%) and the biggest sale Microsoft (MSFT, shares −5%).

Most Recent 13F
Q2 2026
Location
ZURICH, V8
CIK
0001582202
Portfolio Value
$150.3B (Q4 2024)
SEC Filing
0001582202-25-000002 ↗ filed Feb 10, 2025

Holdings Value

0$50.0B$100.0B$150.0B$200.0B Q1 2024: $142.7B Q1 2024 Q2 2024: $145.5B Q2 2024 Q3 2024: $154.0B Q3 2024 Q4 2024: $150.3B $150.3B Q4 2024 Q1 2025: $141.6B Q1 2025 Q2 2025: $166.9B Q2 2025 Q3 2025: $172.4B Q3 2025 Q4 2025: $168.0B Q4 2025 Q1 2026: $173.8B Q1 2026 Q2 2026: $191.4B Q2 2026

Holdings 2,440 stocks · $150.3B
AAPL Apple Inc. 7.16% 42,951,268 $10.8B Reduce -0.7%
NVDA Nvidia Corp. 6.19% 69,296,700 $9.3B Reduce -5.1%
MSFT Microsoft Corp. 5.59% 19,948,270 $8.4B Reduce -4.8%
AMZN Amazon.com Inc. 3.89% 26,684,700 $5.9B Reduce -4.0%
META Meta Platforms Inc. Class A 2.40% 6,173,900 $3.6B Reduce -5.1%
TSLA Tesla Inc. 2.18% 8,122,375 $3.3B Reduce -4.7%
GOOGL Alphabet Inc. Class A 2.08% 16,551,600 $3.1B Reduce -5.1%
AVGO Broadcom Inc. 1.93% 12,534,530 $2.9B Reduce -4.5%
GOOG Alphabet Inc. Class C 1.80% 14,199,800 $2.7B Reduce -5.4%
LLY Eli Lilly & Co. 1.17% 2,282,190 $1.8B Reduce -4.8%
BRK.B Berkshire Hathaway Inc. Class B 1.13% 3,743,605 $1.7B Reduce -4.8%
V Visa Inc. Class A 0.99% 4,719,000 $1.5B Add +1.0%
XOM Exxon Mobil Corp. 0.90% 12,559,818 $1.4B Reduce -5.7%
UNH Unitedhealth Group Inc. 0.88% 2,608,661 $1.3B Reduce -4.5%
MA Mastercard Inc. Class A 0.82% 2,330,800 $1.2B Reduce -5.4%
COST Costco Wholesale Corp. 0.76% 1,251,700 $1.1B Reduce -4.9%
WMT Walmart Inc. 0.75% 12,489,400 $1.1B Reduce -4.9%
PG The Procter & Gamble Co. 0.74% 6,637,890 $1.1B Reduce -5.3%
HD Home Depot Inc. 0.73% 2,806,100 $1.1B Reduce -4.7%
NFLX Netflix Inc. 0.72% 1,212,400 $1.1B Reduce -5.2%
JNJ Johnson & Johnson 0.65% 6,800,307 $983.5M Reduce -4.8%
CRM Salesforce Inc. 0.60% 2,700,677 $902.9M Reduce -6.1%
ABBV Abbvie Inc. 0.59% 4,989,810 $886.7M Reduce -4.8%
ORCL Oracle Corp. 0.52% 4,696,900 $782.7M Reduce -4.4%
KO The Coca-Cola Co. 0.48% 11,566,500 $720.1M Reduce -4.8%
MRK Merck & Co. Inc. 0.47% 7,160,751 $712.4M Reduce -4.8%
CVX Chevron Corp. 0.47% 4,915,035 $711.9M Reduce -5.4%
CSCO Cisco Systems Inc. 0.44% 11,273,700 $667.4M Reduce -5.7%
ACN Accenture PLC Class A 0.41% 1,765,200 $621.0M Reduce -5.1%
NOW ServiceNow Inc. 0.41% 581,900 $616.9M Reduce -4.4%
PEP Pepsico Inc. 0.39% 3,875,800 $589.4M Reduce -4.9%
MCD McDonald's Corp. 0.39% 2,026,600 $587.5M Reduce -5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.38% 2,602,300 $572.1M Reduce -4.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.38% 5,123,325 $570.5M Reduce -5.3%
LIN Linde PLC 0.38% 1,349,001 $564.8M Reduce -5.4%
TMO Thermo Fisher Scientific Inc. 0.37% 1,079,100 $561.4M Reduce -4.8%
ABT Abbott Laboratories 0.37% 4,915,280 $556.0M Reduce -4.8%
ADBE Adobe Inc. 0.37% 1,243,600 $553.0M Reduce -5.5%
AMD Advanced Micro Devices 0.37% 4,572,175 $552.3M Reduce -4.7%
PM Philip Morris International 0.35% 4,392,200 $528.6M Reduce -4.8%
ISRG Intuitive Surgical Inc. 0.35% 1,003,800 $523.9M Reduce -4.7%
GE General Electric filed as GE AEROSPACE 0.34% 3,063,262 $510.9M Reduce -5.7%
INTU Intuit Inc. 0.33% 791,800 $497.6M Reduce -4.6%
CAT Caterpillar Inc. 0.33% 1,369,800 $496.9M Reduce -5.6%
TXN Texas Instruments Inc. 0.32% 2,579,300 $483.6M Reduce -4.6%
QCOM Qualcomm Inc. 0.32% 3,147,100 $483.5M Reduce -5.0%
AXP American Express Co. 0.32% 1,606,579 $476.8M Reduce -6.0%
VZ Verizon Communications Inc. 0.32% 11,891,798 $475.6M Reduce -4.8%
BKNG Booking Holdings Inc. 0.31% 94,784 $470.9M Reduce -6.0%
T AT&T Inc. 0.31% 20,255,684 $461.2M Reduce -4.8%
RTX RTX Corp. 0.29% 3,757,981 $434.9M Reduce -4.8%
PLTR Palantir Technologies Inc. Class A 0.29% 5,749,400 $434.8M Reduce -4.3%
PFE Pfizer Inc. 0.28% 16,008,312 $424.7M Reduce -4.8%
DHR Danaher Corp. 0.28% 1,836,208 $421.5M Reduce -7.2%
NEE Nextera Energy Inc. 0.28% 5,806,300 $416.3M Reduce -4.8%
HON Honeywell International Inc. 0.28% 1,835,300 $414.6M Reduce -5.0%
CMCSA Comcast Corp. Class A 0.27% 10,913,000 $409.6M Reduce -6.1%
PGR Progressive Corp. 0.26% 1,654,400 $396.4M Reduce -4.8%
AMGN Amgen Inc. 0.26% 1,517,933 $395.6M Reduce -4.7%
LOW Lowe's Cos Inc. 0.26% 1,602,600 $395.5M Reduce -5.2%
UNP Union Pacific Corp. 0.26% 1,721,000 $392.5M Reduce -5.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 3,186,200 $384.9M Reduce -5.0%
AMAT Applied Materials Inc. 0.25% 2,328,900 $378.7M Reduce -5.2%
SHOP Shopify Inc. Class A 0.25% 3,519,800 $374.4M Reduce -3.8%
ETN Eaton Corp. PLC 0.25% 1,124,600 $373.2M Reduce -5.2%
BSX Boston Scientific Corp. 0.25% 4,160,200 $371.6M Reduce -4.7%
COP Conocophillips 0.24% 3,683,370 $365.3M Add +6.6%
BA The Boeing Co. 0.24% 2,058,500 $364.4M Add +18.6%
SYK Stryker Corp. 0.23% 968,800 $348.8M Reduce -4.8%
ADP Automatic Data Processing 0.22% 1,152,100 $337.3M Reduce -5.2%
PANW Palo Alto Networks Inc. 0.22% 1,839,400 $334.7M Reduce -4.3%
FISV Fiserv Inc. 0.22% 1,626,386 $334.1M Reduce -6.3%
ANET Arista Networks Inc. 0.22% 3,017,500 $333.5M Reduce -4.6%
TMUS T-Mobile US Inc. 0.22% 1,483,202 $327.4M Reduce -5.5%
GILD Gilead Sciences Inc. 0.22% 3,517,000 $324.9M Reduce -4.9%
BMY Bristol-Myers Squibb Co. 0.22% 5,727,400 $323.9M Reduce -4.8%
UBER Uber Technologies Inc. 0.21% 5,341,600 $322.2M Reduce -4.3%
DE Deere & Co. 0.21% 734,200 $311.1M Reduce -5.5%
CB Chubb Ltd. 0.20% 1,084,591 $299.7M Reduce -5.3%
ADI Analog Devices Inc. 0.20% 1,402,575 $298.0M Reduce -4.8%
MRSH Marsh & McLennan Cos 0.20% 1,389,300 $295.1M Reduce -5.2%
VRTX Vertex Pharmaceuticals Inc. 0.20% 729,200 $293.6M Reduce -4.8%
SBUX Starbucks Corp. 0.19% 3,201,300 $292.1M Reduce -4.8%
MDT Medtronic PLC 0.19% 3,623,066 $289.4M Reduce -4.8%
PLD Prologis Inc. 0.18% 2,615,708 $276.5M Reduce -4.8%
MRVL Marvell Technology Inc. 0.18% 2,447,003 $270.3M Reduce -4.8%
ENB Enbridge Inc. 0.18% 6,321,231 $268.2M Reduce -4.0%
LRCX Lam Research Corp. 0.18% 3,661,500 $264.5M Reduce -5.7%
MU Micron Technology Inc. 0.18% 3,132,200 $263.6M Reduce -4.8%
UPS United Parcel Service Class B 0.17% 2,069,300 $260.9M Reduce -4.4%
GEV GE Vernova Inc. 0.17% 776,365 $255.4M Reduce -4.6%
SO The Southern Co. 0.17% 3,092,200 $254.5M Reduce -4.7%
NKE Nike Inc. Class B 0.17% 3,363,400 $254.5M Reduce -6.5%
EQIX Equinix Inc. 0.17% 268,303 $253.0M Reduce -4.8%
MO Altria Group Inc. 0.17% 4,820,100 $252.0M Reduce -5.5%
INTC Intel Corp. 0.16% 12,079,600 $242.2M Reduce -4.4%
AMT American Tower Corp. 0.16% 1,319,500 $242.0M Reduce -4.8%
ELV Elevance Health Inc. 0.16% 655,100 $241.7M Reduce -5.0%
KLAC KLA Corp. 0.16% 378,500 $238.5M Reduce -5.3%
APH Amphenol Corp. Class A 0.16% 3,402,000 $236.3M Reduce -4.6%

Show all 2,440 holdings

Portfolio Sells Q3 2024 → Q4 2024
MSFT Microsoft Corp. Reduce -4.8% 5.59% −0.26
LLY Eli Lilly & Co. Reduce -4.8% 1.17% −0.21
UNH Unitedhealth Group Inc. Reduce -4.5% 0.88% −0.16
AMD Advanced Micro Devices Reduce -4.7% 0.37% −0.14
XOM Exxon Mobil Corp. Reduce -5.7% 0.90% −0.12
JNJ Johnson & Johnson Reduce -4.8% 0.65% −0.10
KO The Coca-Cola Co. Reduce -4.8% 0.48% −0.09
ABBV Abbvie Inc. Reduce -4.8% 0.59% −0.08
TMO Thermo Fisher Scientific Inc. Reduce -4.8% 0.37% −0.08
MRK Merck & Co. Inc. Reduce -4.8% 0.47% −0.08
DHR Danaher Corp. Reduce -7.2% 0.28% −0.08
ADBE Adobe Inc. Reduce -5.5% 0.37% −0.07
REGN Regeneron Pharmaceuticals Reduce -4.8% 0.15% −0.07
ELV Elevance Health Inc. Reduce -5.0% 0.16% −0.07
AMAT Applied Materials Inc. Reduce -5.2% 0.25% −0.07
AMGN Amgen Inc. Reduce -4.7% 0.26% −0.07
LIN Linde PLC Reduce -5.4% 0.38% −0.07
PEP Pepsico Inc. Reduce -4.9% 0.39% −0.06
UBER Uber Technologies Inc. Reduce -4.3% 0.21% −0.06
GE General Electric Reduce -5.7% 0.34% −0.06
NEE Nextera Energy Inc. Reduce -4.8% 0.28% −0.06
HD Home Depot Inc. Reduce -4.7% 0.73% −0.05
AMT American Tower Corp. Reduce -4.8% 0.16% −0.05
VZ Verizon Communications Inc. Reduce -4.8% 0.32% −0.05
PG The Procter & Gamble Co. Reduce -5.3% 0.74% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.8% 1.13% −0.05
MU Micron Technology Inc. Reduce -4.8% 0.18% −0.05
CVS CVS Health Corp. Reduce -4.6% 0.11% −0.05
HCA HCA Healthcare Inc. Reduce -6.2% 0.11% −0.04
CI The Cigna Group Reduce -6.3% 0.15% −0.04
QCOM Qualcomm Inc. Reduce -5.0% 0.32% −0.04
CMCSA Comcast Corp. Class A Reduce -6.1% 0.27% −0.04
KLAC KLA Corp. Reduce -5.3% 0.16% −0.04
SMCI Super Micro Computer Inc. Sold out 0.00% −0.04
PLD Prologis Inc. Reduce -4.8% 0.18% −0.04
TXN Texas Instruments Inc. Reduce -4.6% 0.32% −0.04
MDLZ Mondelez International Inc. Class A Reduce -5.2% 0.15% −0.04
NEM Newmont Corp. Reduce -5.6% 0.08% −0.04
CAT Caterpillar Inc. Reduce -5.6% 0.33% −0.04
NKE Nike Inc. Class B Reduce -6.5% 0.17% −0.04
PDD PDD Holdings Inc. Reduce -0.2% 0.10% −0.04
VRTX Vertex Pharmaceuticals Inc. Reduce -4.8% 0.20% −0.04
MELI MercadoLibre Inc. Reduce -4.8% 0.15% −0.03
LOW Lowe's Cos Inc. Reduce -5.2% 0.26% −0.03
PFE Pfizer Inc. Reduce -4.8% 0.28% −0.03
ZTS Zoetis Inc. Reduce -5.5% 0.14% −0.03
MPWR Monolithic Power Systems Inc. Reduce -4.7% 0.05% −0.03
MCD McDonald's Corp. Reduce -5.3% 0.39% −0.03
DHI D.R. Horton Inc. Reduce -5.8% 0.08% −0.03
INTC Intel Corp. Reduce -4.4% 0.16% −0.03

Portfolio Buys Q3 2024 → Q4 2024
V Visa Inc. Class A Add +1.0% 0.99% +0.16
SPOT Spotify Technology SA New 0.13% +0.13
BA The Boeing Co. Add +18.6% 0.24% +0.07
MSTR Strategy Inc. Add +10.4% 0.10% +0.05
SMCI Super Micro Computer Inc. New 0.03% +0.03
CVNA Carvana Co. Add +54.8% 0.04% +0.02
EXE Expand Energy Corp. Add +51.7% 0.04% +0.02
AJG Arthur J Gallagher & Co. Add +8.7% 0.13% +0.01
TTWO Take-Two Interactive Softwre Add +0.3% 0.06% +0.01
NTNX Nutanix Inc. Class A Add +47.8% 0.03% +0.01
SOFI Sofi Technologies Inc. Add +1.6% 0.02% +0.01
RDDT Reddit Inc. Class A Add +132.8% 0.01% +0.01
G Genpact Ltd. New 0.01% +0.01
TLN Talen Energy Corp. New 0.01% +0.01
IONQ Ionq Inc. Add +2.0% 0.01% +0.01
IBKR Interactive Brokers Gro Class A Add +8.4% 0.03% +0.01
QXO Qxo Inc. New 0.01% +0.01
RKLB Rocket Lab USA Inc. Add +10.0% 0.01% +0.01
TOST Toast Inc. Class A Add +2.9% 0.03% +0.01
AFRM Affirm Holdings Inc. Add +2.8% 0.02% +0.01
CRDO Credo Technology Group Holdi Add +1.3% 0.01% +0.01
ALAB Astera Labs Inc. New 0.01% +0.01
SOUN Soundhound AI Inc. Class A Add +16.6% 0.01% +0.01
COP Conocophillips Add +6.6% 0.24% +0.01
TPR Tapestry Inc. Add +2.0% 0.02% +0.01
NTRA Natera Inc. Add +2.1% 0.02% +0.01
GME Gamestop Corp. Class A Add +5.5% 0.02% +0.01
K Kellanova Add +9.3% 0.05% +0.01
CIEN Ciena Corp. Add +1.3% 0.02% +0.00
OWL Blue Owl Capital Inc. Add +14.6% 0.02% +0.00
BILL Bill Holdings Inc. Add +1.3% 0.01% +0.00
DELL Dell Technologies -C Add +7.3% 0.07% +0.00
XPO Xpo Inc. Add +0.8% 0.02% +0.00
GTLS Chart Industries Inc. Add +0.7% 0.01% +0.00
JBTM JBT Marel Corp. Add +49.1% 0.01% +0.00
LIF LIFE360 Inc. New 0.00% +0.00
KD Kyndryl Holdings Inc. Add +1.0% 0.01% +0.00
NCLH Norwegian Cruise Line Holdin Add +3.3% 0.01% +0.00
EAT Brinker International Inc. Add +1.3% 0.01% +0.00
RBRK Rubrik Inc. Class A Add +24.5% 0.01% +0.00
ALTM Arcadium Lithium PLC Add +0.8% 0.01% +0.00
BE Bloom Energy Corp. Class A Add +1.1% 0.01% +0.00
BROS Dutch Bros Inc. Class A Add +0.7% 0.01% +0.00
SMTC Semtech Corp. Add +31.4% 0.01% +0.00
DUOL Duolingo Add +8.0% 0.01% +0.00
FLEX Flex Ltd. Add +0.3% 0.02% +0.00
DTM DT Midstream Inc. Add +0.7% 0.01% +0.00
GEO The Geo Group Inc. Add +3.2% 0.01% +0.00
SRRK Scholar Rock Holding Corp. Add +37.0% 0.00% +0.00
ESTC Elastic NV Add +1.8% 0.01% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2,301$191.4BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 2,301$173.8BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 2,311$168.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 2,315$172.4BNVDA, AAPL, MSFT, AMZN, META
Q2 2025 2,332$166.9BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 2,397$141.6BAAPL, NVDA, MSFT, AMZN, META
Q4 2024 2,440$150.3BAAPL, NVDA, MSFT, AMZN, META
Q3 2024 2,465$154.0BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 2,458$145.5BMSFT, AAPL, NVDA, AMZN, META
Q1 2024 2,505$142.7BMSFT, AAPL, NVDA, AMZN, META