Q2 2026 13F · SEC CIK 1582202

Swiss National Bank

Sovereign wealth fundFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $191.4B
Reported positions: 2,301
Top holdings a year, 3 yrs: +24.6%
Average holding period: 9.9 yrs

Swiss National Bank is a sovereign wealth fund that reported 2,301 positions worth $191.4B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Nvidia Corporation Com (NVDA, 6.8%), Apple Inc (AAPL, 6.3%), Microsoft Corp (MSFT, 3.9%). A portfolio copying its top holdings returned 24.6% a year over the last 3 years, against 20.4% for the S&P 500.

Swiss National Bank holdings largest 50 of 2,301 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Swiss National Bank 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.8%	7.2%	65,110,300	-8.7%	$13.0B
AAPLApple Inc	6.3%	6.3%	41,407,648	-4.0%	$12.0B
MSFTMicrosoft Corp	3.9%	4.4%	19,896,530	-4.0%	$7.4B
AMZNAmazon Com Inc Com	3.4%	3.4%	27,298,700	-3.3%	$6.5B
GOOGLAlphabet Inc	3.1%	2.8%	16,420,760	-3.9%	$5.9B
AVGOBroadcom Inc	2.5%	2.4%	12,686,290	-4.0%	$4.8B
GOOGAlphabet Inc	2.4%	2.4%	13,037,040	-8.7%	$4.6B
MUMicron Technology Inc	1.9%	0.6%	3,180,740	-3.7%	$3.7B
METAMeta Platforms Inc Class A	1.8%	2.1%	6,193,880	-3.1%	$3.5B
TSLATesla Inc Com	1.7%	1.8%	7,937,695	-4.3%	$3.3B
LLYLilly Eli & Co	1.4%	1.2%	2,265,150	-4.0%	$2.7B
AMDAdvanced Micro Devices Inc	1.4%	0.6%	4,598,475	-3.8%	$2.7B
BRK-BBerkshire Hathaway Inc Del	1.0%	1.1%	3,922,485	-2.8%	$2.0B
INTCIntel Corp	0.9%	0.3%	12,391,400	-6.6%	$1.7B
JNJJohnson & Johnson	0.9%	1.0%	6,793,407	-3.9%	$1.7B
VVisa Inc Com Cl A	0.8%	0.9%	4,741,440	-4.2%	$1.6B
AMATApplied Matls Inc	0.8%	0.5%	2,238,380	-3.8%	$1.6B
XOMExxon Mobil Corp	0.8%	1.2%	11,723,318	-5.3%	$1.6B
LRCXLam Research Corp	0.8%	0.5%	3,522,000	-4.5%	$1.5B
WMTWalmart Inc	0.7%	0.9%	12,367,300	-3.9%	$1.4B
CATCaterpillar Inc Com	0.7%	0.6%	1,312,380	-4.4%	$1.4B
CSCOCisco Sys Inc	0.7%	0.5%	11,140,500	-3.9%	$1.3B
ABBVAbbvie Inc	0.7%	0.6%	4,988,710	-3.8%	$1.3B
MAMastercard Inc.	0.6%	0.7%	2,309,500	-7.1%	$1.2B
COSTCostco Whsl Corp New	0.6%	0.7%	1,251,300	-3.9%	$1.2B
KLACKla Corp	0.6%	0.3%	3,696,900	+858.7%	$1.1B
AZNAstrazeneca PLC Ord	0.6%	0.7%	5,934,315	-3.9%	$1.1B
GEGe Aerospace	0.6%	0.5%	2,946,942	-4.8%	$1.1B
UNHUnitedhealth Group Inc Com	0.6%	0.4%	2,560,041	-3.7%	$1.1B
HDHome Depot Inc Com	0.5%	0.6%	2,809,200	-3.8%	$990.7M
PGProcter & Gamble Co Com	0.5%	0.6%	6,554,590	-4.4%	$961.2M
MRKMerck & Co. Inc	0.5%	0.5%	6,973,251	-4.3%	$896.1M
GEVGe Vernova Inc	0.5%	0.4%	760,245	-4.5%	$893.2M
KOCoca Cola Co	0.5%	0.5%	10,925,700	-8.9%	$887.9M
NFLXNetflix Inc Total	0.4%	0.7%	11,876,340	-4.5%	$848.0M
PMPhilip Morris Intl Inc Com	0.4%	0.4%	4,395,900	-3.8%	$795.3M
PANWPalo Alto Networks Inc	0.4%	—	2,287,315	—	$780.0M
TXNTexas Instruments Inc	0.4%	—	2,567,900	—	$765.4M
IBMInternational Business Machs	0.4%	0.4%	2,645,760	-3.6%	$744.0M
RTXRtx Corporation Com	0.4%	0.4%	3,796,181	-3.5%	$720.2M
PLTRPalantir Technologies Inclass Class A	0.4%	0.6%	6,142,500	-8.4%	$716.6M
MRVLMarvell Technology Inc	0.4%	—	2,404,703	—	$716.3M
ORCLOracle Corp	0.4%	0.4%	4,866,980	-3.8%	$713.3M
LINLinde PLC	0.4%	0.4%	1,306,961	-4.6%	$678.2M
SNDKSandisk Corp	0.3%	—	291,462	—	$662.7M
WDCWestern Digital Corp	0.3%	—	975,987	—	$623.4M
APHAmphenol Corp	0.3%	—	3,467,500	—	$611.4M
STXSeagate Technology Hldngs Pl	0.3%	—	616,040	—	$594.5M
GLWCorning Inc.	0.3%	—	2,240,900	—	$572.4M
QCOMQualcomm Inc	0.3%	—	3,009,400	—	$556.1M

What Swiss National Bank bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

KLAC Kla Corp+858.7% shares

Reduced

KO Coca Cola Co-8.9% shares
GOOG Alphabet Inc-8.7% shares
NVDA Nvidia Corporation Com-8.7% shares
PLTR Palantir Technologies Inclass Class A-8.4% shares
MA Mastercard Inc.-7.1% shares
INTC Intel Corp-6.6% shares
XOM Exxon Mobil Corp-5.3% shares

Left the top 50

MCD Mcdonalds Corp Comwas 0.4%
PEP Pepsico Incwas 0.4%
VZ Verizon Communications Inc Comwas 0.4%
T At&t Inc Comwas 0.3%
NEE Nextera Energy Inc Comwas 0.3%
AMGN Amgen Inc Comwas 0.3%
TMO Thermo Fisher Scientific Incwas 0.3%
ABT Abbott Laboratorieswas 0.3%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.8% /yr; S&P 500 +20.1%
3 years: +24.6% /yr; S&P 500 +20.4%
5 years: +15.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$191.4B	2,301
Q1 2026	$173.8B	2,301
Q4 2025	$168.0B	2,311
Q3 2025	$172.4B	2,315
Q2 2025	$166.9B	2,332
Q1 2025	$141.6B	2,397
Q4 2024	$150.3B	2,440
Q3 2024	$154.0B	2,465
Q2 2024	$145.5B	2,458
Q1 2024	$142.7B	2,505
Q4 2023	$136.3B	2,534
Q3 2023	$127.5B	2,608

Questions about Swiss National Bank's portfolio

What stocks does Swiss National Bank own?

Swiss National Bank's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 2,301 positions worth $191.4B. The largest are Nvidia Corporation Com (NVDA) at 6.8%, Apple Inc (AAPL) at 6.3%, Microsoft Corp (MSFT) at 3.9%, Amazon Com Inc Com (AMZN) at 3.4% and Alphabet Inc (GOOGL) at 3.1%.

What did Swiss National Bank buy last quarter?

In Q2 2026, Swiss National Bank added Kla Corp (KLAC) (+858.7% shares), compared with its Q1 2026 filing.

What did Swiss National Bank sell last quarter?

In Q2 2026, Swiss National Bank cut from its top 50 Mcdonalds Corp Com (MCD), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Verizon Communications Inc Com (VZ), cut from its top 50 At&t Inc Com (T), cut from its top 50 Nextera Energy Inc Com (NEE), Coca Cola Co (KO) (-8.9% shares), Alphabet Inc (GOOG) (-8.7% shares) and Nvidia Corporation Com (NVDA) (-8.7% shares), compared with its Q1 2026 filing.

How has Swiss National Bank's portfolio performed?

A portfolio copying Swiss National Bank's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.8% against +20.1%. Over 5 years: +15.0% a year against +11.6%.

When is Swiss National Bank's next 13F filing due?

13F filings are due 45 days after each quarter ends. Swiss National Bank's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.