Latest Swiss National Bank Stock Portfolio

Swiss National Bank Performance:

2025 Q4: 1.92%YTD: 15.21%2024: 25.84%

Performance for 2025 Q4 is 1.92%, and YTD is 15.21%, and 2024 is 25.84%.

About Swiss National Bank and 13F Hedge Fund Stock Holdings

On 2026-02-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, Swiss National Bank reported an equity portfolio of $168 Billions as of 31 Dec, 2025.

The top stock holdings of Swiss National Bank are NVDA, AAPL, MSFT. The fund has invested 7.4% of it's portfolio in NVIDIA CORPORATION and 6.6% of portfolio in APPLE INC.

The fund managers got completely rid off KELLANOVA (K), MR COOPER GROUP INC (COOP) and INTERPUBLIC GROUP COS INC (IPG) stocks. They significantly reduced their stock positions in DUPONT DE NEMOURS INC (DD), AUTOHOME INC (ATHM) and POOL CORP (POOL). Swiss National Bank opened new stock positions in BARRICK MNG CORP, ROCKET COS INC (RKT) and NEBIUS GROUP N.V. (YNDX). The fund showed a lot of confidence in some stocks as they added substantially to TEXAS PACIFIC LAND CORPORATI (TPL), USA RARE EARTH INC and STURM RUGER & CO INC (RGR).

Swiss National Bank Annual Return Estimates Vs S&P 500

Our best estimate is that Swiss National Bank made a return of 1.92% in the last quarter. In trailing 12 months, it's portfolio return was 15.21%.

Performance
S&P 500

New Buys

Ticker	$ Bought
barrick mng corp	196,999,000
amrize ltd	73,769,100
rocket cos inc	48,700,100
nebius group n.v.	48,472,700
qnity electronics inc	46,825,100

New stocks bought by Swiss National Bank

Additions

Ticker	% Inc.
texas pacific land corporati	184
omnicom group inc	56.96
insmed inc	55.97
bloom energy corp	42.4
flex ltd	41.81
echostar corp	41.71
astera labs inc	41.45
credo technology group holdi	41.3

Additions to existing portfolio by Swiss National Bank

Reductions

Ticker	% Reduced
dupont de nemours inc	-60.21
las vegas sands corp	-16.86
coca-cola europacific partne	-14.87
hca healthcare inc	-13.7
lennar corp	-12.51
honeywell intl inc	-11.49
imperial oil ltd	-10.1
flutter entmt plc	-10.08

Swiss National Bank reduced stake in above stock

Sold off

None of the stocks were completely sold off by Swiss National Bank

Sector Distribution

Swiss National Bank has about 34.7% of it's holdings in Technology sector.

Sector	%
Technology	34.7
Consumer Cyclical	10.8
Communication Services	10.4
Healthcare	10.1
Industrials	8.4
Others	6.6
Financial Services	5.4
Consumer Defensive	4.7
Energy	2.7
Real Estate	2.3
Utilities	2.2
Basic Materials	1.6

Market Cap. Distribution

Swiss National Bank has about 88.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	53.9
LARGE-CAP	34.9
UNALLOCATED	6.6
MID-CAP	3.7

Stocks belong to which Index?

About 85.6% of the stocks held by Swiss National Bank either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	82.3
Others	14.4
RUSSELL 2000	3.3

Top 5 Winners (%)		%
PRAX	praxis precision medicines i	333.9 %
	pacs group inc	175.3 %
COGT	cogent biosciences inc	143.9 %
CDTX	cidara therapeutics inc	130.1 %
WVE	wave life sciences ltd	126.3 %

Top 5 Winners ($)		$
GOOG	alphabet inc	1143.5 M
GOOG	alphabet inc	967.8 M
AAPL	apple inc	721.3 M
LLY	eli lilly & co	705.4 M
MU	micron technology inc	372.1 M

Top 5 Losers (%)		%
	lenz therapeutics inc	-65.7 %
RGR	sturm ruger & co inc	-64.5 %
	defi technologies inc	-60.4 %
TPL	texas pacific land corporati	-60.3 %
AVXL	anavex life sciences corp	-60.0 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-681.5 M
META	meta platforms inc	-453.3 M
ORCL	oracle corp	-413.1 M
NFLX	netflix inc	-312.4 M
HD	home depot inc	-170.9 M

Swiss National Bank Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Swiss National Bank

Swiss National Bank has 2311 stocks in it's portfolio. About 37% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Swiss National Bank last quarter.

Last Reported on: 12 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.06	776,700	105,686,000	reduced	-5.14

AAPL	apple inc	6.58	40,667,100	11,055,700,000	reduced	-5.54

ABBV	abbvie inc	0.66	4,840,810	1,106,080,000	reduced	-4.93

ABC	cencora inc	0.10	504,700	170,462,000	reduced	-4.9

ABNB	airbnb inc	0.10	1,176,300	159,647,000	reduced	-5.45

ABT	abbott labs	0.36	4,769,380	597,556,000	reduced	-4.9

ACGL	arch cap group ltd	0.06	1,021,400	97,972,700	reduced	-5.45

ACN	accenture plc ireland	0.27	1,699,200	455,895,000	reduced	-5.36

ADBE	adobe inc	0.24	1,147,060	401,460,000	reduced	-6.19

ADI	analog devices inc	0.22	1,348,080	365,598,000	reduced	-5.76

ADM	archer daniels midland co	0.04	1,316,600	75,691,300	reduced	-4.93

ADP	automatic data processing in	0.17	1,110,080	285,546,000	reduced	-5.14

ADSK	autodesk inc	0.10	583,720	172,787,000	reduced	-5.38

AEE	ameren corp	0.04	741,100	74,006,200	reduced	-6.79

AEM	agnico eagle mines ltd	0.14	1,332,760	226,474,000	reduced	-7.95

AEP	american elec pwr co inc	0.10	1,465,600	168,998,000	reduced	-4.82

AER	aercap holdings nv	0.04	481,600	69,234,800	reduced	-5.61

AFL	aflac inc	0.09	1,392,300	153,529,000	reduced	-5.96

AFRM	affirm hldgs inc	0.03	741,800	55,212,200	reduced	-3.89

AGI	alamos gold inc new	0.03	1,114,340	43,117,200	reduced	-7.93