§ 13F · FUND PROFILE
Swiss National Bank.
Swiss central bank, diversified reserves
AUM · $166943.4T (13F)Positions · 2332Turnover · 100% · Q4Filed · Feb 12, 2026
CONCENTRATION
37%
Top 10 holdings
NEW BUYS
+2311
+$168006.6T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-1pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 66.59M | $12418.8T | 7.4% | NEW |
| 2 | AAPL | APPLE INC | 40.67M | $11055.7T | 6.6% | NEW |
| 3 | MSFT | MICROSOFT CORP | 19.35M | $9358.4T | 5.6% | NEW |
| 4 | AMZN | AMAZON COM INC | 26.30M | $6071.1T | 3.6% | NEW |
| 5 | GOOGL | ALPHABET INC | 15.94M | $4989.3T | 3.0% | NEW |
| 6 | AVGO | BROADCOM INC | 12.29M | $4254.8T | 2.5% | NEW |
| 7 | GOOG | ALPHABET INC | 13.39M | $4202.3T | 2.5% | NEW |
| 8 | META | META PLATFORMS INC | 5.95M | $3924.9T | 2.3% | NEW |
| 9 | TSLA | TESLA INC | 7.75M | $3483.1T | 2.1% | NEW |
| 10 | LLY | ELI LILLY & CO | 2.20M | $2369.1T | 1.4% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other44.5% (−1pp)
Technology19.0% (±0)
Semiconductors13.8% (+2pp)
Media9.8% (+1pp)
Retail7.7% (−1pp)
Health Care3.9% (±0)
§ 03 · THE SWISS SIGNAL
AC read
Swiss National Bank is a Quality / Compounder fund managing $166943435.8 trillion in assets. The fund runs a massive portfolio of 2,332 positions, broad diversification across holdings, with the top 10 accounting for 37%. Trading activity is aggressive at 100% quarterly turnover, with 2311 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Technology (19%), Semiconductors (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+2311 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed