Swiss National Bank
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Swiss National Bank reported 2,311 stock positions worth $168.0 billion. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Apple (AAPL, 6.6%) and Microsoft (MSFT, 5.6%). Compared with Q3 2025, it opened 69 new positions, sold out of 75, added to 1,367 and reduced 692. The biggest buy was a new position in Barrick Mining (B) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001582202
- Portfolio Value
- $168.0B (Q4 2025)
- SEC Filing
- 0001582202-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 2,311 stocks · $168.0B
| NVDA Nvidia Corp. | 7.39% | 66,589,000 | $12.4B | Reduce -5.3% |
| AAPL Apple Inc. | 6.58% | 40,667,068 | $11.1B | Reduce -5.5% |
| MSFT Microsoft Corp. | 5.57% | 19,350,650 | $9.4B | Reduce -4.9% |
| AMZN Amazon.com Inc. | 3.61% | 26,302,400 | $6.1B | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 2.97% | 15,940,400 | $5.0B | Reduce -5.0% |
| AVGO Broadcom Inc. | 2.53% | 12,293,610 | $4.3B | Reduce -4.5% |
| GOOG Alphabet Inc. Class C | 2.50% | 13,391,800 | $4.2B | Reduce -5.4% |
| META Meta Platforms Inc. Class A | 2.34% | 5,945,960 | $3.9B | Reduce -5.0% |
| TSLA Tesla Inc. | 2.07% | 7,745,055 | $3.5B | Reduce -7.3% |
| LLY Eli Lilly & Co. | 1.41% | 2,204,510 | $2.4B | Reduce -5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 3,777,645 | $1.9B | Reduce -3.3% |
| V Visa Inc. Class A | 0.97% | 4,654,880 | $1.6B | Reduce -5.6% |
| XOM Exxon Mobil Corp. | 0.84% | 11,682,618 | $1.4B | Reduce -6.0% |
| JNJ Johnson & Johnson | 0.81% | 6,599,607 | $1.4B | Reduce -4.8% |
| WMT Walmart Inc. | 0.80% | 12,016,400 | $1.3B | Reduce -5.0% |
| MA Mastercard Inc. Class A | 0.79% | 2,335,860 | $1.3B | Reduce -5.4% |
| PLTR Palantir Technologies Inc. Class A | 0.66% | 6,236,100 | $1.1B | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.66% | 4,840,810 | $1.1B | Reduce -4.9% |
| NFLX Netflix Inc. | 0.65% | 11,644,190 | $1.1B | Reduce -5.1% |
| COST Costco Wholesale Corp. | 0.62% | 1,214,460 | $1.0B | Reduce -5.0% |
| AMD Advanced Micro Devices | 0.57% | 4,446,975 | $952.4M | Reduce -4.8% |
| HD Home Depot Inc. | 0.56% | 2,727,640 | $938.6M | Reduce -4.9% |
| PG The Procter & Gamble Co. | 0.55% | 6,413,590 | $919.1M | Reduce -5.1% |
| ORCL Oracle Corp. | 0.54% | 4,687,220 | $913.6M | Reduce -4.0% |
| GE General Electric filed as GE AEROSPACE | 0.53% | 2,906,222 | $895.2M | Reduce -5.5% |
| MU Micron Technology Inc. | 0.52% | 3,075,900 | $877.9M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.50% | 10,832,800 | $834.5M | Reduce -5.5% |
| UNH Unitedhealth Group Inc. | 0.49% | 2,481,841 | $819.3M | Reduce -5.1% |
| KO The Coca-Cola Co. | 0.47% | 11,203,700 | $783.3M | Reduce -5.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 2,552,620 | $756.1M | Reduce -4.7% |
| CAT Caterpillar Inc. | 0.44% | 1,283,780 | $735.4M | Reduce -5.3% |
| MRK Merck & Co. Inc. | 0.43% | 6,843,451 | $720.3M | Reduce -5.5% |
| CRM Salesforce Inc. | 0.41% | 2,608,877 | $691.1M | Reduce -5.3% |
| PM Philip Morris International | 0.41% | 4,265,500 | $684.2M | Reduce -4.9% |
| RTX RTX Corp. | 0.40% | 3,668,081 | $672.7M | Reduce -4.8% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 1,034,800 | $599.6M | Reduce -4.9% |
| MCD McDonald's Corp. | 0.36% | 1,955,500 | $597.7M | Reduce -5.1% |
| ABT Abbott Laboratories | 0.36% | 4,769,380 | $597.6M | Reduce -4.9% |
| LRCX Lam Research Corp. | 0.35% | 3,455,600 | $591.5M | Reduce -6.3% |
| AXP American Express Co. | 0.34% | 1,525,539 | $564.4M | Reduce -5.6% |
| AMAT Applied Materials Inc. | 0.33% | 2,183,000 | $561.0M | Reduce -5.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 4,926,925 | $560.5M | Reduce -4.9% |
| ISRG Intuitive Surgical Inc. | 0.33% | 982,400 | $556.4M | Reduce -4.9% |
| LIN Linde PLC | 0.33% | 1,285,001 | $547.9M | Reduce -5.3% |
| PEP Pepsico Inc. | 0.32% | 3,746,900 | $537.8M | Reduce -5.2% |
| SHOP Shopify Inc. Class A | 0.31% | 3,239,200 | $522.6M | Reduce -7.7% |
| INTU Intuit Inc. | 0.30% | 764,000 | $506.1M | Reduce -5.0% |
| QCOM Qualcomm Inc. | 0.30% | 2,941,300 | $503.1M | Reduce -5.7% |
| GEV GE Vernova Inc. | 0.29% | 745,965 | $487.5M | Reduce -5.2% |
| T AT&T Inc. | 0.29% | 19,594,084 | $486.7M | Reduce -5.5% |
| AMGN Amgen Inc. | 0.29% | 1,475,273 | $482.9M | Reduce -4.8% |
| BKNG Booking Holdings Inc. | 0.28% | 88,814 | $475.6M | Reduce -5.3% |
| VZ Verizon Communications Inc. | 0.28% | 11,554,098 | $470.6M | Reduce -4.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 3,049,800 | $468.5M | Reduce -5.2% |
| BA The Boeing Co. | 0.28% | 2,135,077 | $463.6M | Reduce -1.8% |
| INTC Intel Corp. | 0.27% | 12,384,400 | $457.0M | Reduce -1.5% |
| ACN Accenture PLC Class A | 0.27% | 1,699,200 | $455.9M | Reduce -5.4% |
| NEE Nextera Energy Inc. | 0.27% | 5,643,200 | $453.0M | Reduce -4.9% |
| APH Amphenol Corp. Class A | 0.27% | 3,345,700 | $452.1M | Reduce -4.0% |
| UBER Uber Technologies Inc. | 0.26% | 5,428,900 | $443.6M | Reduce -5.2% |
| KLAC KLA Corp. | 0.26% | 361,600 | $439.4M | Reduce -5.1% |
| NOW ServiceNow Inc. | 0.26% | 2,849,900 | $436.6M | Reduce -4.5% |
| TXN Texas Instruments Inc. | 0.26% | 2,491,300 | $432.2M | Reduce -4.9% |
| APP AppLovin Corp. Class A | 0.25% | 632,310 | $426.1M | Reduce -5.0% |
| COF Capital One Financial Corp. | 0.25% | 1,752,516 | $424.7M | Reduce -5.0% |
| GILD Gilead Sciences Inc. | 0.25% | 3,400,200 | $417.3M | Reduce -5.2% |
| DHR Danaher Corp. | 0.24% | 1,766,008 | $404.3M | Reduce -4.9% |
| ADBE Adobe Inc. | 0.24% | 1,147,060 | $401.5M | Reduce -6.2% |
| PFE Pfizer Inc. | 0.23% | 15,580,012 | $387.9M | Reduce -4.9% |
| BSX Boston Scientific Corp. | 0.23% | 4,060,500 | $387.2M | Reduce -4.8% |
| ANET Arista Networks Inc. | 0.23% | 2,927,600 | $383.6M | Reduce -4.9% |
| UNP Union Pacific Corp. | 0.22% | 1,625,400 | $376.0M | Reduce -5.6% |
| LOW Lowe's Cos Inc. | 0.22% | 1,536,800 | $370.6M | Reduce -4.9% |
| PGR Progressive Corp. | 0.22% | 1,606,300 | $365.8M | Reduce -4.9% |
| ADI Analog Devices Inc. | 0.22% | 1,348,075 | $365.6M | Reduce -5.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 1,854,900 | $341.7M | Reduce -3.5% |
| WELL Welltower Inc. | 0.20% | 1,832,800 | $340.2M | Reduce -2.8% |
| ETN Eaton Corp. PLC | 0.20% | 1,066,520 | $339.7M | Reduce -5.5% |
| HON Honeywell International Inc. | 0.20% | 1,739,800 | $339.4M | Reduce -6.1% |
| MDT Medtronic PLC | 0.20% | 3,514,966 | $337.6M | Reduce -4.8% |
| SYK Stryker Corp. | 0.20% | 942,860 | $331.4M | Reduce -4.9% |
| DE Deere & Co. | 0.20% | 703,760 | $327.6M | Reduce -5.1% |
| PLD Prologis Inc. | 0.19% | 2,544,808 | $324.9M | Reduce -4.9% |
| CB Chubb Ltd. | 0.19% | 1,037,511 | $323.8M | Reduce -5.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 687,700 | $322.4M | Reduce -4.3% |
| COP Conocophillips | 0.19% | 3,422,470 | $320.4M | Reduce -6.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.19% | 702,600 | $318.5M | Reduce -5.1% |
| PH Parker Hannifin Corp. | 0.18% | 346,740 | $304.8M | Reduce -5.8% |
| CEG Constellation Energy | 0.18% | 856,051 | $302.4M | Reduce -5.3% |
| CMCSA Comcast Corp. Class A | 0.18% | 10,091,900 | $301.6M | Reduce -6.0% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 5,577,700 | $300.9M | Reduce -4.9% |
| NEM Newmont Corp. | 0.18% | 3,010,105 | $300.6M | Reduce -5.2% |
| ADP Automatic Data Processing | 0.17% | 1,110,080 | $285.5M | Reduce -5.1% |
| TMUS T-Mobile US Inc. | 0.17% | 1,387,802 | $281.8M | Reduce -5.8% |
| MCK McKesson Corp. | 0.17% | 340,890 | $279.6M | Reduce -5.5% |
| ENB Enbridge Inc. | 0.17% | 5,779,631 | $277.1M | Reduce -7.9% |
| CVS CVS Health Corp. | 0.16% | 3,475,660 | $275.8M | Reduce -4.7% |
| MO Altria Group Inc. | 0.16% | 4,603,400 | $265.4M | Reduce -5.2% |
| SO The Southern Co. | 0.16% | 3,014,500 | $262.9M | Reduce -4.8% |
| SBUX Starbucks Corp. | 0.16% | 3,115,000 | $262.3M | Reduce -4.9% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -4.9% | 5.57% | −0.55 |
| META Meta Platforms Inc. Class A | Reduce -5.0% | 2.34% | −0.33 |
| ORCL Oracle Corp. | Reduce -4.0% | 0.54% | −0.25 |
| NVDA Nvidia Corp. | Reduce -5.3% | 7.39% | −0.22 |
| NFLX Netflix Inc. | Reduce -5.1% | 0.65% | −0.20 |
| HD Home Depot Inc. | Reduce -4.9% | 0.56% | −0.12 |
| TSLA Tesla Inc. | Reduce -7.3% | 2.07% | −0.08 |
| MSTR Strategy Inc. | Reduce -4.9% | 0.06% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -5.0% | 0.62% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -5.2% | 0.26% | −0.06 |
| FISV Fiserv Inc. | Reduce -6.8% | 0.06% | −0.06 |
| NOW ServiceNow Inc. | Reduce -4.5% | 0.26% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -5.1% | 0.55% | −0.06 |
| RBLX Roblox Corp. Class A | Reduce -2.5% | 0.08% | −0.05 |
| T AT&T Inc. | Reduce -5.5% | 0.29% | −0.05 |
| LIN Linde PLC | Reduce -5.3% | 0.33% | −0.05 |
| K Kellanova | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -5.5% | 0.20% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -5.8% | 0.17% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -5.1% | 0.49% | −0.04 |
| SE Sea Ltd.-ADR | Reduce -4.1% | 0.08% | −0.04 |
| ABT Abbott Laboratories | Reduce -4.9% | 0.36% | −0.03 |
| ANET Arista Networks Inc. | Reduce -4.9% | 0.23% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -4.5% | 0.66% | −0.03 |
| SPOT Spotify Technology SA | Reduce -2.0% | 0.15% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -4.9% | 0.28% | −0.03 |
| ADP Automatic Data Processing | Reduce -5.1% | 0.17% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -4.9% | 0.15% | −0.03 |
| MO Altria Group Inc. | Reduce -5.2% | 0.16% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -5.6% | 0.13% | −0.03 |
| AZO AutoZone Inc. | Reduce -4.9% | 0.09% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -4.9% | 0.03% | −0.03 |
| ABBV Abbvie Inc. | Reduce -4.9% | 0.66% | −0.03 |
| RACE Ferrari NV | Reduce -5.6% | 0.08% | −0.03 |
| AJG Arthur J Gallagher & Co. | Reduce -4.8% | 0.11% | −0.02 |
| PGR Progressive Corp. | Reduce -4.9% | 0.22% | −0.02 |
| HON Honeywell International Inc. | Reduce -6.1% | 0.20% | −0.02 |
| APP AppLovin Corp. Class A | Reduce -5.0% | 0.25% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -3.5% | 0.20% | −0.02 |
| MSI Motorola Solutions Inc. | Reduce -5.1% | 0.10% | −0.02 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -4.9% | 0.12% | −0.02 |
| VST Vistra Corp. | Reduce -5.1% | 0.09% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -4.9% | 0.26% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -5.0% | 0.11% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -5.1% | 0.14% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -5.4% | 0.79% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -4.7% | 0.06% | −0.02 |
| AXON Axon Enterprise Inc. | Reduce -4.1% | 0.07% | −0.02 |
| FAST Fastenal Co. | Reduce -4.9% | 0.08% | −0.02 |
| URI United Rentals Inc. | Reduce -5.8% | 0.09% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| B Barrick Mining Corp. | New | 0.12% | +0.12 |
| AMRZ Amrize Ltd. | New | 0.04% | +0.04 |
| CIEN Ciena Corp. | Add +41.0% | 0.05% | +0.03 |
| INSM Insmed Inc. | Add +56.0% | 0.06% | +0.03 |
| RKT Rocket Cos Inc. Class A | New | 0.03% | +0.03 |
| NBIS Nebius Group NV | New | 0.03% | +0.03 |
| SNDK Sandisk Corp. | Add +3.6% | 0.04% | +0.02 |
| FIX Comfort Systems USA Inc. | Add +40.3% | 0.05% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| LITE Lumentum Holdings Inc. | Add +5.0% | 0.03% | +0.02 |
| OMC Omnicom Group | Add +57.0% | 0.04% | +0.02 |
| COHR Coherent Corp. | Add +3.0% | 0.03% | +0.02 |
| CVNA Carvana Co. | Add +2.6% | 0.09% | +0.01 |
| ECHO Echostar Corp. Class A | Add +41.7% | 0.03% | +0.01 |
| FDS Factset Research Systems Inc. | New | 0.01% | +0.01 |
| MICC The Magnum Ice Cream Co. NV | New | 0.01% | +0.01 |
| FLEX Flex Ltd. | Add +41.8% | 0.04% | +0.01 |
| CRDO Credo Technology Group Holdi | Add +41.3% | 0.04% | +0.01 |
| EXAS Exact Sciences Corp. | Add +2.0% | 0.02% | +0.01 |
| BE Bloom Energy Corp. Class A | Add +42.4% | 0.03% | +0.01 |
| ALB Albemarle Corp. | Add +1.8% | 0.02% | +0.01 |
| ASTS Ast Spacemobile Inc. | Add +11.5% | 0.02% | +0.01 |
| RGLD Royal Gold Inc. | Add +30.1% | 0.02% | +0.01 |
| HL Hecla Mining Co. | Add +13.3% | 0.02% | +0.01 |
| ALAB Astera Labs Inc. | Add +41.5% | 0.04% | +0.01 |
| AA Alcoa Corp. | Add +1.7% | 0.02% | +0.01 |
| TSEM Tower Semiconductor Ltd. | Add +2.4% | 0.02% | +0.01 |
| PRAX Praxis Precision Medicines I | Add +14.1% | 0.01% | +0.01 |
| RVMD Revolution Medicines Inc. | Add +2.0% | 0.01% | +0.01 |
| GH Guardant Health Inc. | Add +2.4% | 0.01% | +0.01 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +14.6% | 0.01% | +0.01 |
| BGSI Boyd Group Services Inc. | New | 0.01% | +0.01 |
| CRS Carpenter Technology | Add +1.9% | 0.02% | +0.00 |
| MTSI Macom Technology Solutions H | Add +7.9% | 0.01% | +0.00 |
| BBIO Bridgebio Pharma Inc. | Add +2.4% | 0.01% | +0.00 |
| WWD Woodward Inc. | Add +2.6% | 0.02% | +0.00 |
| FN Fabrinet | Add +1.5% | 0.02% | +0.00 |
| FTAI Ftai Aviation Ltd. | Add +1.7% | 0.02% | +0.00 |
| ROIV Roivant Sciences Ltd. | Add +24.9% | 0.01% | +0.00 |
| GMED Globus Medical Inc. Class A | Add +1.5% | 0.01% | +0.00 |
| STNE Stoneco Ltd. Class A | New | 0.00% | +0.00 |
| RNAM Avidity Biosciences Inc. | Add +3.4% | 0.01% | +0.00 |
| ONDS Ondas Inc. | New | 0.00% | +0.00 |
| VTRS Viatris Inc. | Add +1.0% | 0.02% | +0.00 |
| CFLT Confluent Inc. Class A | Add +3.7% | 0.01% | +0.00 |
| EQX Equinox Gold Corp. | Add +10.3% | 0.01% | +0.00 |
| GIL Gildan Activewear Inc. | Add +13.8% | 0.02% | +0.00 |
| IONQ Ionq Inc. | Add +59.2% | 0.02% | +0.00 |
| RPRX Royalty Pharma PLC Class A | Add +3.0% | 0.03% | +0.00 |
| MKSI MKS Inc. | Add +1.9% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,301 | $191.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,301 | $173.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,311 | $168.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 2,315 | $172.4B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 2,332 | $166.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,397 | $141.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 2,440 | $150.3B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 2,465 | $154.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 2,458 | $145.5B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 2,505 | $142.7B | MSFT, AAPL, NVDA, AMZN, META |