Institution

Swiss National Bank

13F for the quarter to June 30, 2026, filed August 11, 2026 · SEC CIK 1582202

Reported value: $191.4bn
Positions we cover: 2,204
Copy, a year: +14.3%
Copy Sharpe ratio: 0.79

How copying its 13F would have done

CopyS&P 500 $10,000 copying Swiss National Bank's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.2% (S&P 500 −31.8%); beta 0.99; alpha +0.3% a year (t = 0.48); last 12 months +11.1% against +12.1%.

Reported value by quarter

Swiss National Bank: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$22.8B
2013-09-30	$24B
2013-12-31	$25.6B
2014-03-31	$25.5B
2014-06-30	$27B
2014-09-30	$26.1B
2014-12-31	$26.7B
2015-03-31	$37.5B
2015-06-30	$38.6B
2015-09-30	$39B
2015-12-31	$41.3B
2016-03-31	$54.5B
2016-06-30	$61.8B
2016-09-30	$62.4B
2016-12-31	$63.4B
2017-03-31	$80.4B
2017-06-30	$84.3B
2017-09-30	$87.8B
2017-12-31	$92.6B
2018-03-31	$82B
2018-06-30	$87.5B
2018-09-30	$89.8B
2018-12-31	$78B
2019-03-31	$91.2B
2019-06-30	$92.7B
2019-09-30	$94.1B
2019-12-31	$97.5B
2020-03-31	$94.2B
2020-06-30	$118.3B
2020-09-30	$127.9B
2020-12-31	$140.7B
2021-03-31	$150B
2021-06-30	$162.1B
2021-09-30	$157.3B
2021-12-31	$166.1B
2022-03-31	$177.3B
2022-06-30	$147.8B
2022-09-30	$139.8B
2022-12-31	$139.3T
2023-03-31	$145.9B
2023-06-30	$147.2B
2023-09-30	$127.5B
2023-12-31	$136.3B
2024-03-31	$142.7B
2024-06-30	$145.5B
2024-09-30	$154B
2024-12-31	$150.3B
2025-03-31	$141.6B
2025-06-30	$166.9B
2025-09-30	$172.4B
2025-12-31	$168B
2026-03-31	$173.8B
2026-06-30	$191.4B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.81%	$13.0bn	65.11M	−8.7% Reduced
AAPLApple Inc.	6.26%	$12.0bn	41.41M	−4.0% Reduced
MSFTMicrosoft Corporation	3.88%	$7.4bn	19.90M	−4.0% Reduced
AMZNAmazon	3.40%	$6.5bn	27.30M	−3.3% Reduced
GOOGLAlphabet Inc. (Class A)	3.07%	$5.9bn	16.42M	−3.9% Reduced
AVGOBroadcom	2.50%	$4.8bn	12.69M	−4.0% Reduced
MUMicron Technology	1.92%	$3.7bn	3.18M	−3.7% Reduced
METAMeta Platforms	1.82%	$3.5bn	6.19M	−3.1% Reduced
TSLATesla, Inc.	1.74%	$3.3bn	7.94M	−4.3% Reduced
LLYLilly (Eli)	1.42%	$2.7bn	2.27M	−4.0% Reduced
AMDAdvanced Micro Devices	1.40%	$2.7bn	4.60M	−3.8% Reduced
INTCIntel	0.90%	$1.7bn	12.39M	−6.6% Reduced
JNJJohnson & Johnson	0.90%	$1.7bn	6.79M	−3.9% Reduced
VVisa Inc.	0.85%	$1.6bn	4.74M	−4.2% Reduced
AMATApplied Materials	0.85%	$1.6bn	2.24M	−3.8% Reduced
LRCXLam Research	0.80%	$1.5bn	3.52M	−4.5% Reduced
WMTWalmart	0.73%	$1.4bn	12.37M	−3.9% Reduced
CATCaterpillar Inc.	0.73%	$1.4bn	1.31M	−4.4% Reduced
CSCOCisco	0.68%	$1.3bn	11.14M	−3.9% Reduced
ABBVAbbVie	0.66%	$1.3bn	4.99M	−3.8% Reduced
MAMastercard	0.62%	$1.2bn	2.31M	−7.1% Reduced
COSTCostco	0.61%	$1.2bn	1.25M	−3.9% Reduced
KLACKLA Corporation	0.58%	$1.1bn	3.70M	+858.7% Added
AZNAstrazeneca PLC	0.58%	$1.1bn	5.93M	−3.9% Reduced
GEGE Aerospace	0.57%	$1.1bn	2.95M	−4.8% Reduced
UNHUnitedHealth Group	0.56%	$1.1bn	2.56M	−3.7% Reduced
HDThe Home Depot	0.52%	$990.7m	2.81M	−3.8% Reduced
PGProcter & Gamble	0.50%	$961.2m	6.55M	−4.4% Reduced
MRKMerck & Co.	0.47%	$896.1m	6.97M	−4.3% Reduced
GEVGE Vernova	0.47%	$893.2m	760.2K	−4.5% Reduced
KOThe Coca-Cola Company	0.46%	$887.9m	10.93M	−8.9% Reduced
NFLXNetflix	0.44%	$848.0m	11.88M	−4.5% Reduced
PMPhilip Morris International	0.42%	$795.3m	4.40M	−3.8% Reduced
PANWPalo Alto Networks	0.41%	$780.0m	2.29M	−3.6% Reduced
TXNTexas Instruments	0.40%	$765.4m	2.57M	−3.7% Reduced
IBMIBM	0.39%	$744.0m	2.65M	−3.6% Reduced
RTXRTX Corporation	0.38%	$720.2m	3.80M	−3.5% Reduced
PLTRPalantir Technologies Inc.	0.37%	$716.6m	6.14M	−8.4% Reduced
MRVLMarvell Technology	0.37%	$716.3m	2.40M	−3.4% Reduced
ORCLOracle Corporation	0.37%	$713.3m	4.87M	−3.8% Reduced
LINLinde plc	0.35%	$678.2m	1.31M	−4.6% Reduced
SNDKSandisk	0.35%	$662.7m	291.5K	+5.1% Added
WDCWestern Digital	0.33%	$623.4m	976.0K	−2.7% Reduced
APHAmphenol	0.32%	$611.4m	3.47M	−3.5% Reduced
STXSeagate Technology	0.31%	$594.5m	616.0K	−3.7% Reduced
GLWCorning Inc.	0.30%	$572.4m	2.24M	−6.3% Reduced
QCOMQualcomm	0.29%	$556.1m	3.01M	−3.5% Reduced
AMGNAmgen	0.29%	$550.6m	1.52M	−3.8% Reduced
ADIAnalog Devices	0.29%	$546.9m	1.38M	−4.2% Reduced
MCDMcDonald's	0.28%	$541.6m	2.00M	−4.1% Reduced
CRWDCrowdStrike	0.28%	$531.4m	696.3K	−5.9% Reduced
TMOThermo Fisher Scientific	0.28%	$525.5m	1.05M	−4.9% Reduced
PEPPepsiCo	0.27%	$521.9m	3.85M	−3.9% Reduced
NEENextEra Energy	0.27%	$516.2m	5.88M	−2.7% Reduced
ANETArista Networks	0.27%	$511.7m	3.01M	−4.1% Reduced
AXPAmerican Express	0.27%	$507.0m	1.50M	−7.3% Reduced
VZVerizon	0.26%	$499.2m	11.79M	−4.7% Reduced
DISThe Walt Disney Company	0.25%	$480.9m	5.00M	−4.6% Reduced
TJXTJX Companies	0.25%	$472.9m	3.12M	−4.2% Reduced
ETNEaton Corporation	0.24%	$466.3m	1.09M	−4.0% Reduced
BABoeing	0.24%	$455.8m	2.11M	−8.4% Reduced
UNPUnion Pacific Corporation	0.24%	$455.5m	1.67M	−3.8% Reduced
SHOPShopify Inc.	0.24%	$452.0m	3.96M	−3.7% Reduced
WELLWelltower	0.24%	$451.0m	1.99M	−1.4% Reduced
ABTAbbott Laboratories	0.23%	$445.7m	4.91M	−3.7% Reduced
GILDGilead Sciences	0.23%	$442.3m	3.50M	−3.9% Reduced
DEDeere & Company	0.23%	$434.9m	685.6K	−9.1% Reduced
TAT&T	0.21%	$407.6m	19.69M	−5.3% Reduced
ISRGIntuitive Surgical	0.21%	$398.4m	1.00M	−3.7% Reduced
BKNGBooking Holdings	0.21%	$393.7m	2.21M	+2235.0% Added
PFEPfizer	0.20%	$386.3m	16.04M	−3.8% Reduced
ENBEnbridge Inc	0.20%	$381.3m	7.05M	−4.0% Reduced
CVSCVS Health	0.19%	$371.2m	3.59M	−3.7% Reduced
DELLDell Technologies	0.19%	$366.6m	849.7K	−8.7% Reduced
UBERUber	0.19%	$362.7m	5.03M	−13.2% Reduced
PGRProgressive Corporation	0.19%	$360.4m	1.65M	−4.1% Reduced
COPConocoPhillips	0.19%	$358.4m	3.45M	−4.9% Reduced
VRTXVertex Pharmaceuticals	0.19%	$356.4m	717.4K	−3.6% Reduced
PLDPrologis	0.19%	$356.2m	2.63M	−3.5% Reduced
CRMSalesforce	0.18%	$352.4m	2.25M	−18.2% Reduced
LOWLowe's	0.18%	$348.3m	1.58M	−4.0% Reduced
PHParker Hannifin	0.18%	$348.2m	356.0K	−3.9% Reduced
VRTVertiv	0.18%	$343.2m	1.03M	−3.8% Reduced
DHRDanaher Corporation	0.18%	$342.2m	1.80M	−3.7% Reduced
MOAltria	0.18%	$339.2m	4.71M	−4.3% Reduced
COFCapital One	0.18%	$338.5m	1.69M	−9.6% Reduced
CBChubb Limited	0.18%	$336.0m	986.2K	−10.1% Reduced
APPApplovin Corp	0.17%	$333.6m	647.5K	−4.4% Reduced
BMYBristol Myers Squibb	0.17%	$331.8m	5.76M	−3.6% Reduced
SBUXStarbucks	0.17%	$328.4m	3.21M	−3.7% Reduced
TTTrane Technologies	0.16%	$306.6m	624.3K	−4.1% Reduced
SYKStryker Corporation	0.16%	$306.1m	972.2K	−3.8% Reduced
PWRQuanta Services	0.16%	$304.7m	423.2K	−3.3% Reduced
SOSouthern Company	0.16%	$304.3m	3.18M	−1.6% Reduced
HWMHowmet Aerospace	0.16%	$304.0m	1.13M	+0.9% Added
NOWServiceNow	0.15%	$292.9m	2.95M	−3.1% Reduced
CDNSCadence Design Systems Inc	0.15%	$292.3m	778.7K	−2.5% Reduced
EQIXEquinix	0.15%	$289.9m	278.1K	−3.5% Reduced
NEMNewmont	0.15%	$284.5m	3.05M	−4.9% Reduced
MDTMedtronic	0.15%	$283.3m	3.62M	−3.8% Reduced
CMICummins	0.14%	$278.0m	389.7K	−3.8% Reduced
DUKDuke Energy	0.14%	$277.8m	2.19M	−3.8% Reduced
FTNTFortinet	0.14%	$272.5m	1.77M	−4.4% Reduced
CNQCanadian Natural Resources Ltd	0.14%	$266.0m	6.74M	−3.9% Reduced
MCKMcKesson	0.14%	$261.0m	345.4K	−4.6% Reduced
WMBWilliams Companies	0.13%	$256.4m	3.45M	−3.8% Reduced
AEMAgnico Eagle Mines LTD	0.13%	$254.7m	1.64M	−2.7% Reduced
ADPAutomatic Data Processing	0.13%	$254.3m	1.14M	−4.3% Reduced
WMWaste Management	0.13%	$253.3m	1.14M	−3.9% Reduced
SPCXSpace Exploration Technologies Corp	0.13%	$253.2m	1.48M	New
JCIJohnson Controls	0.13%	$252.3m	1.73M	−3.9% Reduced
CSXCSX Corporation	0.13%	$249.3m	5.25M	−4.0% Reduced
CPCanadian Pacific Kansas City LTD	0.13%	$249.3m	2.88M	−4.5% Reduced
CMCSAComcast	0.13%	$248.5m	10.12M	−5.1% Reduced
MMM3M	0.13%	$240.5m	1.49M	−4.7% Reduced
ELVElevance Health	0.13%	$239.6m	619.6K	−5.0% Reduced
SPOTSpotify Technology S.a.	0.13%	$238.4m	519.2K	−9.4% Reduced
SNOWSnowflake Inc.	0.12%	$235.7m	926.3K	−1.9% Reduced
TMUST-Mobile US	0.12%	$234.6m	1.40M	−5.3% Reduced
ADBEAdobe Inc.	0.12%	$233.7m	1.14M	−7.2% Reduced
BEBloom Energy	0.12%	$230.5m	761.4K	+15.5% Added
GDGeneral Dynamics	0.12%	$230.0m	649.3K	−3.6% Reduced
DDOGDatadog, Inc.	0.12%	$229.4m	881.2K	−2.9% Reduced
SNPSSynopsys Inc	0.12%	$229.0m	513.3K	−8.6% Reduced
MARMarriott International	0.12%	$228.5m	616.5K	−7.9% Reduced
SHWSherwin-Williams	0.12%	$228.2m	662.8K	−4.1% Reduced
RCLRoyal Caribbean Group	0.12%	$228.2m	718.6K	−5.5% Reduced
EMREmerson Electric	0.12%	$226.9m	1.59M	−3.9% Reduced
MRSHMarsh McLennan	0.12%	$226.5m	1.36M	−5.5% Reduced
UPSUnited Parcel Service	0.12%	$225.8m	2.10M	−3.1% Reduced
TRPTC Energy Corp	0.12%	$222.2m	3.37M	−3.9% Reduced
VLOValero Energy	0.12%	$219.6m	843.3K	−5.8% Reduced
MFCManulife Financial Corp	0.12%	$219.2m	5.42M	−4.0% Reduced
MELIMercadolibre Inc	0.11%	$218.4m	128.7K	−3.9% Reduced
ORLYO'Reilly Automotive	0.11%	$217.3m	2.36M	−4.7% Reduced
CEGConstellation Energy	0.11%	$215.7m	868.5K	−3.9% Reduced
ACNAccenture	0.11%	$215.5m	1.73M	−4.1% Reduced
AMTAmerican Tower	0.11%	$215.0m	1.31M	−4.3% Reduced
NETCloudflare, Inc.	0.11%	$214.6m	875.1K	−5.6% Reduced
TERTeradyne	0.11%	$213.7m	441.6K	−3.9% Reduced
HLTHilton Worldwide	0.11%	$213.3m	645.4K	−5.4% Reduced
MPCMarathon Petroleum	0.11%	$212.4m	830.7K	−5.8% Reduced
TDGTransDigm Group	0.11%	$212.2m	159.3K	−3.6% Reduced
AEPAmerican Electric Power	0.11%	$209.8m	1.53M	−2.2% Reduced
MDLZMondelez International	0.11%	$209.1m	3.62M	−4.5% Reduced
ITWIllinois Tool Works	0.11%	$208.9m	772.2K	−4.5% Reduced
COHRCoherent Corp.	0.11%	$206.4m	523.3K	+14.4% Added
SUSuncor Energy Inc	0.11%	$205.8m	3.84M	−5.1% Reduced
CICigna	0.11%	$205.0m	743.7K	−5.1% Reduced
SPGSimon Property Group	0.11%	$204.9m	916.2K	−4.4% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$999.1m	3.31M
BKNGBooking Holdings	$376.9m	2.11M
SPCXSpace Exploration Technologies Corp	$253.2m	1.48M
HONHoneywell Technologies	$200.7m	896.5K
HONAHoneywell Aerospace	$198.2m	896.5K
CCLCarnival Corporation	$103.0m	3.61M
CVNACarvana	$93.4m	1.42M
DVNDevon Energy	$55.5m	1.34M
DDDuPont	$52.3m	385.4K
FDXFFedEx Freight	$47.0m	311.5K
MDLNMedline Inc.	$40.7m	1.03M
SNSharkninja, Inc.	$36.6m	240.1K
TRIThomson Reuters Corp	$34.4m	422.9K
WSEWise Group plc	$33.7m	2.82M
SNDKSandisk	$32.0m	14.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$1.2bn	−6.20M
AAPLApple Inc.	−$499.8m	−1.73M
MSFTMicrosoft Corporation	−$307.8m	−825.2K
GOOGLAlphabet Inc. (Class A)	−$235.5m	−659.0K
AMZNAmazon	−$223.4m	−937.3K
AVGOBroadcom	−$201.2m	−532.5K
TSLATesla, Inc.	−$150.9m	−358.7K
MUMicron Technology	−$141.2m	−122.4K
INTCIntel	−$121.7m	−871.9K
METAMeta Platforms	−$111.9m	−198.7K
LLYLilly (Eli)	−$111.7m	−93.2K
AMDAdvanced Micro Devices	−$104.3m	−179.6K
MAMastercard	−$90.1m	−175.4K
KOThe Coca-Cola Company	−$86.7m	−1.07M
CRMSalesforce	−$78.4m	−500.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
DMCDEL Monte Corp	$3.2m	80.4K
IIINInsteel Industries Inc	$1.3m	38.3K
NAVNNavan, Inc.	$1.2m	92.3K
MDXGMimedx Group, Inc.	$921,930	233.4K
AHRTAH Realty Trust, Inc.	$870,012	158.2K
BXCBluelinx Holdings Inc.	$834,372	15.4K
MYGNMyriad Genetics Inc	$825,300	183.4K
CWHCamping World Holdings, Inc.	$801,842	117.4K
AIOTPowerfleet, Inc.	$729,344	236.8K
ABATAmerican Battery Technology Co	$717,588	257.2K
BLNDBlend Labs, Inc.	$685,610	403.3K
KREFKKR Real Estate Finance Trust Inc.	$682,380	111.5K
RPDRapid7, Inc.	$633,099	114.9K
HPPHudson Pacific Properties, Inc.	$631,188	106.8K
HCKTHackett Group, Inc.	$625,677	48.1K
FLGTFulgent Genetics, Inc.	$623,280	39.2K
FVRRFiverr International Ltd.	$621,290	62.0K
YEXTYext, Inc.	$616,800	160.6K
SPTSprout Social, Inc.	$591,894	103.8K
PLAYDave & Buster's Entertainment, Inc.	$581,279	53.7K
FUBOFubotv Inc.	$532,286	56.3K
ANGIAngi Inc.	$509,092	74.3K
ARDTArdent Health, Inc.	$475,080	55.5K
LABStandard Biotools Inc.	$450,144	489.7K
SESSES AI Corp	$395,671	411.3K
DCBODocebo Inc.	$363,788	20.8K
WYFIWhitefiber, Inc.	$266,784	22.4K
LENZLenz Therapeutics, Inc.	$199,470	21.8K

Technology39.6%
Industrials11.1%
Health Care10.8%
Consumer Discretionary10.3%
Communication Services7.4%
Financials5.5%
Consumer Staples4.8%
Materials2.8%
Energy2.8%
Utilities2.5%
Real Estate2.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+14.3%	+14.1%	0.79	0.78	−31.2%	0.99
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.9%	+13.9%	0.66	0.66	−31.2%	1.00
Last three yearsNovember 3, 2023 to November 2, 2026	+20.5%	+21.8%	1.07	1.16	−17.1%	1.01
Last yearNovember 7, 2025 to November 2, 2026	+13.3%	+14.2%	0.76	0.84	−8.4%	0.98

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.