§ 13F · FUND PROFILE
Swiss National Bank.
Swiss central bank, diversified reserves
AUM · $191.4B (13F)Positions · 2301Turnover · 96% · Q2Filed · Aug 11, 2026
CONCENTRATION
34%
Top 10 holdings
NEW BUYS
+68
+$1.2B deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-3pp · +4pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 11, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 65.11M | $13.0B | 6.8% | −9% |
| 2 | AAPL | APPLE INC | 41.41M | $12.0B | 6.3% | −4% |
| 3 | MSFT | MICROSOFT CORP | 19.90M | $7.4B | 3.9% | −4% |
| 4 | AMZN | AMAZON COM INC | 27.30M | $6.5B | 3.4% | −3% |
| 5 | GOOGL | ALPHABET INC | 16.42M | $5.9B | 3.1% | −4% |
| 6 | AVGO | BROADCOM INC | 12.69M | $4.8B | 2.5% | −4% |
| 7 | GOOG | ALPHABET INC | 13.04M | $4.6B | 2.4% | −9% |
| 8 | MU | MICRON TECHNOLOGY INC | 3.18M | $3.7B | 1.9% | −4% |
| 9 | META | META PLATFORMS INC | 6.19M | $3.5B | 1.8% | −3% |
| 10 | TSLA | TESLA INC | 7.94M | $3.3B | 1.7% | −4% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other43.9% (−3pp)
Semiconductors18.3% (+4pp)
Technology16.5% (±0)
Media8.8% (±0)
Retail7.1% (−1pp)
Pharmaceuticals4.0%
§ 03 · THE SWISS SIGNAL
AC read
Swiss National Bank is a Quality / Compounder fund managing $191.4 billion in assets. The fund runs a massive portfolio of 2,301 positions, broad diversification across holdings, with the top 10 accounting for 34%. Trading activity is aggressive at 96% quarterly turnover, with 68 new positions and 0 exits last quarter. Top sector allocations: Other (44%), Semiconductors (18%), Technology (17%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+68 buys · −0 exits · 2138 changed
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