Swiss National Bank
Institutional investor · Portfolio as of Q4 2025
Top Holdings2,311 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 66.6M | $12.4B | 7.4% | $115.85 | +61.88% | 29 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 40.7M | $11.1B | 6.6% | $111.43 | +143.31% | 29 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 19.4M | $9.4B | 5.6% | $163.61 | +197.95% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 26.3M | $6.1B | 3.6% | $117.47 | +97.94% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 15.9M | $5B | 3.0% | $100.80 | +211.35% | 29 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 12.3M | $4.3B | 2.5% | $164.48 | +109.65% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL C | 13.4M | $4.2B | 2.5% | $100.91 | +211.73% | 29 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 5.9M | $3.9B | 2.3% | $205.81 | +223.57% | 29 qtrssince 2018-Q4 | Decreased 0 |
TESLA INC | 7.7M | $3.5B | 2.1% | $240.48 | +88.97% | 29 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 2.2M | $2.4B | 1.4% | $175.14 | +510.66% | 29 qtrssince 2018-Q4 | Decreased 0 |
BERKSHIRE HATHAWAY INC-CL B | 3.8M | $1.9B | 1.1% | $349.87 | +43.97% | 11 qtrssince 2023-Q2 | Decreased 0 |
VISA INC-CLASS A SHARES | 4.7M | $1.6B | 1.0% | $162.74 | +114.21% | 29 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 11.7M | $1.4B | 0.8% | $57.91 | +107.54% | 29 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 6.6M | $1.4B | 0.8% | $116.30 | +77.91% | 29 qtrssince 2018-Q4 | Decreased 0 |
WALMART INC | 12M | $1.3B | 0.8% | $52.76 | +112.13% | 29 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 2.3M | $1.3B | 0.8% | $235.88 | +144.42% | 29 qtrssince 2018-Q4 | Decreased 0 |
PALANTIR TECHNOLOGIES INC-A | 6.2M | $1.1B | 0.7% | $35.95 | +403.04% | 19 qtrssince 2021-Q2 | Decreased 0 |
ABBVIE INC | 4.8M | $1.1B | 0.7% | $84.40 | +164.47% | 29 qtrssince 2018-Q4 | Decreased 0 |
NETFLIX INC | 11.6M | $1.1B | 0.6% | $87.92 | +6.67% | 29 qtrssince 2018-Q4 | Increased 73 |
COSTCO WHOLESALE CORP | 1.2M | $1B | 0.6% | $301.19 | +185.05% | 29 qtrssince 2018-Q4 | Decreased 0 |
Swiss National Bank manages $168B across 2311 positions as of Q4 2025. Top holdings: NVDA (7.4%), AAPL (6.6%), MSFT (5.6%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.
Active quarter - 78 new positions, 80 exits, 1363 increased. Top move: NFLX (INCREASED, conviction 73). Portfolio: $168.0B across 2311 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer