§ 13F · FUND PROFILE
Swiss National Bank.
Swiss central bank, diversified reserves
AUM · $166.9B (13F)Positions · 2332Turnover · 63% · Q1Filed · May 7, 2026
CONCENTRATION
34%
Top 10 holdings
NEW BUYS
+52
+$1.5B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-3pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 7, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 71.31M | $12.4B | 7.2% | +7% |
| 2 | AAPL | APPLE INC | 43.13M | $10.9B | 6.3% | +6% |
| 3 | MSFT | MICROSOFT CORP | 20.72M | $7.7B | 4.4% | +7% |
| 4 | AMZN | AMAZON COM INC | 28.24M | $5.9B | 3.4% | +7% |
| 5 | GOOGL | ALPHABET INC | 17.08M | $4.9B | 2.8% | +7% |
| 6 | GOOG | ALPHABET INC | 14.28M | $4.1B | 2.4% | +7% |
| 7 | AVGO | BROADCOM INC | 13.22M | $4.1B | 2.4% | +8% |
| 8 | META | META PLATFORMS INC | 6.39M | $3.7B | 2.1% | +8% |
| 9 | TSLA | TESLA INC | 8.30M | $3.1B | 1.8% | +7% |
| 10 | LLY | ELI LILLY & CO | 2.36M | $2.2B | 1.2% | +7% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other46.7% (+2pp)
Technology16.5% (−2pp)
Semiconductors14.0% (±0)
Media9.2% (−1pp)
Retail7.7% (±0)
Energy4.6%
§ 03 · THE SWISS SIGNAL
AC read
Swiss National Bank is a Quality / Compounder fund managing $166.9 billion in assets. The fund runs a massive portfolio of 2,332 positions, broad diversification across holdings, with the top 10 accounting for 34%. Trading activity is aggressive at 63% quarterly turnover, with 52 new positions and 0 exits last quarter. Top sector allocations: Other (47%), Technology (17%), Semiconductors (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q1 2026
Busy quarter
+52 buys · −0 exits · 1396 changed
Q4 2025
Busy quarter
+2311 buys · −0 exits · 0 changed
Q2 2025
Busy quarter
+31 buys · −0 exits · 2001 changed
Q1 2025
Busy quarter
+2397 buys · −0 exits · 0 changed