Swiss National Bank

Swiss National Bank is an institution, managing $172.46B across 2,315 long positions as of Q3 2025 with 36% Technology concentration.

Top Holdings

Largest long holdings in Swiss National Bank's portfolio (36.4% of total portfolio)

Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$13.1B	7.61%	0.29% 70.3M shares	≤ Q2 2013 Held for 12y 4m+
2 Apple AAPL	Consumer Electronics Technology	$11.0B	6.36%	0.29% 43.1M shares	≤ Q2 2013 Held for 12y 4m+
3 Microsoft MSFT	Software - Infrastructure Technology	$10.5B	6.11%	0.27% 20.4M shares	≤ Q2 2013 Held for 12y 4m+
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$6.0B	3.51%	0.26% 27.5M shares	≤ Q2 2013 Held for 12y 4m+
5 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$4.6B	2.67%	0.25% 6.3M shares	≤ Q2 2013 Held for 12y 4m+
6 Broadcom Inc. AVGO	Semiconductors Technology	$4.2B	2.46%	0.27% 12.9M shares	≤ Q2 2013 Held for 12y 4m+
7 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$4.1B	2.36%	0.14% 16.8M shares	≤ Q2 2013 Held for 12y 4m+
8 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$3.7B	2.15%	0.25% 8.4M shares	≤ Q2 2013 Held for 12y 4m+
9 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$3.4B	2.00%	0.12% 14.2M shares	Q2 2014 Held for 11y 4m
10 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$2.0B	1.14%	0.18% 3.9M shares	Q2 2023 Held for 2y 4m

Portfolio activity, position movements, and quarter-over-quarter changes in Swiss National Bank's latest filing

Market Value

$172.46B

Prior: $167.02B

Q/Q Change

+3.26%

+$5.4B

Net Flows % of MV

-4.83%

Turnover Ratio

2.77%

New Purchases

26 stocks

$77.0M

Added To

1,260 stocks

+$537.8M

Sold Out Of

61 stocks

$736.8M

Reduced Holdings

728 stocks

-$8.2B

Position	Shares Δ	Change
1 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 619.2K +$11.7M
2 Galaxy Digital Inc. Class A Common Stock GLXY	New	0 → 328.8K +$11.1M
3 CCC CCC Intelligent Solutions Holdings Inc. CCC	New	0 → 958.4K +$8.7M
4 QFIN Qifu Technology QFIN	New	0 → 227.4K +$6.5M
5 Lineage, Inc. LINE	New	0 → 132.9K +$5.1M

Position	Shares Δ	Change
1 Fiserv FI	Sold	1.7M → 0 −$291.5M
2 Hess HES	Sold	889.5K → 0 −$123.2M
3 Ansys ANSS	Sold	265.3K → 0 −$93.2M
4 Juniper Networks JNPR	Sold	1.0M → 0 −$40.3M
5 Walgreens Boots Alliance WBA	Sold	1.4M → 0 −$16.1M