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Swiss National Bank Top Holdings and 13F Report (2025)

About Swiss National Bank

Investment Activity

  • Swiss National Bank has $166.94 billion in total holdings as of June 30, 2025.
  • Swiss National Bank owns shares of 2,332 different stocks, but just 217 companies or ETFs make up 80% of its holdings.
  • Approximately 6.83% of the portfolio was purchased this quarter.
  • About 0.46% of the portfolio was sold this quarter.
  • This quarter, Swiss National Bank has purchased 2,397 new stocks and bought additional shares in 874 stocks.
  • Swiss National Bank sold shares of 1,127 stocks and completely divested from 96 stocks this quarter.

Largest Holdings

NVIDIA
$11,669,362,586
Microsoft
$10,633,665,799
Apple
$9,329,791,430
Amazon.com
$6,343,069,497
Meta Platforms
$4,893,979,554

Largest New Holdings this Quarter

290876101 - Emera
$41,288,533 Holding
773121108 - ROCKET LAB CORP
$26,534,186 Holding
04626A103 - ASTERA LABS INC
$22,406,076 Holding
784117103 - SEI Investments
$18,340,426 Holding
750940108 - RALLIANT CORP
$16,649,817 Holding

Largest Purchases this Quarter

NVIDIA
4,789,900 shares (about $756.76M)
Microsoft
1,457,100 shares (about $724.78M)
Apple
3,060,500 shares (about $627.92M)
Amazon.com
2,221,500 shares (about $487.37M)
Meta Platforms
481,600 shares (about $355.46M)

Largest Sales this Quarter

T-Mobile US
65,400 shares (about $15.58M)
Skyworks Solutions
158,100 shares (about $11.78M)
Manhattan Associates
56,400 shares (about $11.14M)
Roku
115,000 shares (about $10.11M)
Host Hotels & Resorts
649,300 shares (about $9.97M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofSwiss National Bank

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
NVIDIA Corporation stock logo
NVDA
NVIDIA
$11,669,362,586$756,756,301 6.9%73,861,4007.0%Computer and Technology
Microsoft Corporation stock logo
MSFT
Microsoft
$10,633,665,799$724,776,111 7.3%21,378,0706.4%Computer and Technology
Apple Inc. stock logo
AAPL
Apple
$9,329,791,430$627,922,785 7.2%45,473,4685.6%Computer and Technology
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$6,343,069,497$487,374,885 8.3%28,912,3003.8%Retail/Wholesale
Meta Platforms, Inc. stock logo
META
Meta Platforms
$4,893,979,554$355,464,144 7.8%6,630,6002.9%Computer and Technology
Broadcom Inc. stock logo
AVGO
Broadcom
$3,727,237,310$265,313,125 7.7%13,521,6302.2%Computer and Technology
Alphabet Inc. stock logo
GOOGL
Alphabet
$3,111,710,733$207,528,448 7.1%17,657,1001.9%Computer and Technology
Tesla, Inc. stock logo
TSLA
Tesla
$2,783,678,405$195,233,836 7.5%8,763,0751.7%Auto/Tires/Trucks
Alphabet Inc. stock logo
GOOG
Alphabet
$2,656,610,379$164,759,832 6.6%14,976,1001.6%Computer and Technology
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$1,970,236,972$146,896,848 8.1%4,055,9051.2%Finance
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$1,901,421,781$127,375,202 7.2%2,439,1901.1%Medical
Visa Inc. stock logo
V
Visa
$1,852,224,840$120,468,465 7.0%5,216,8001.1%Business Services
Netflix, Inc. stock logo
NFLX
Netflix
$1,734,039,437$119,584,309 7.4%1,294,9001.0%Consumer Discretionary
Exxon Mobil Corporation stock logo
XOM
Exxon Mobil
$1,411,438,120$75,168,940 5.6%13,093,1180.8%Energy
Mastercard Incorporated stock logo
MA
Mastercard
$1,385,350,682$86,257,790 6.6%2,465,3000.8%Business Services
Costco Wholesale Corporation stock logo
COST
Costco Wholesale
$1,329,489,420$90,084,540 7.3%1,343,0000.8%Retail/Wholesale
Walmart Inc. stock logo
WMT
Walmart
$1,305,089,216$86,603,746 7.1%13,347,2000.8%Retail/Wholesale
Procter & Gamble Company (The) stock logo
PG
Procter & Gamble
$1,130,867,699$72,602,124 6.9%7,098,0900.7%Consumer Staples
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$1,114,281,769$77,001,275 7.4%7,294,8070.7%Medical
Oracle Corporation stock logo
ORCL
Oracle
$1,113,526,316$78,706,800 7.6%5,093,2000.7%Computer and Technology
The Home Depot, Inc. stock logo
HD
Home Depot
$1,103,073,104$75,857,816 7.4%3,008,6000.7%Retail/Wholesale
AbbVie Inc. stock logo
ABBV
AbbVie
$993,959,832$68,827,896 7.4%5,354,8100.6%Medical
PALANTIR TECHNOLOGIES INC
$883,926,144$74,907,840 9.3%6,484,2000.5%CL A
CocaCola Company (The) stock logo
KO
CocaCola
$875,602,000$58,998,425 7.2%12,376,0000.5%Consumer Staples
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$863,863,960$54,126,795 6.7%2,769,0610.5%Medical
Philip Morris International Inc. stock logo
PM
Philip Morris International
$858,123,708$59,447,232 7.4%4,711,6000.5%Consumer Staples
Cisco Systems, Inc. stock logo
CSCO
Cisco Systems
$835,515,588$56,183,924 7.2%12,042,6000.5%Computer and Technology
GE Aerospace stock logo
GE
GE Aerospace
$831,025,312$45,326,379 5.8%3,228,6620.5%Aerospace
International Business Machines Corporation stock logo
IBM
International Business Machines
$827,417,982$58,661,220 7.6%2,806,9000.5%Computer and Technology
Salesforce Inc. stock logo
CRM
Salesforce
$793,248,938$57,237,631 7.8%2,908,9770.5%Computer and Technology
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$714,036,179$48,705,181 7.3%5,249,8800.4%Medical
Advanced Micro Devices, Inc. stock logo
AMD
Advanced Micro Devices
$697,860,653$48,387,900 7.5%4,917,9750.4%Computer and Technology
The Walt Disney Company stock logo
DIS
Walt Disney
$678,610,622$45,226,447 7.1%5,472,2250.4%Consumer Discretionary
LINDE PLC
$671,678,557$41,616,266 6.6%1,431,6010.4%SHS
Intuit Inc. stock logo
INTU
Intuit
$666,492,506$44,737,384 7.2%846,2000.4%Computer and Technology
ServiceNow, Inc. stock logo
NOW
ServiceNow
$644,194,928$46,880,448 7.8%626,6000.4%Computer and Technology
McDonald's Corporation stock logo
MCD
McDonald's
$632,460,399$41,926,395 7.1%2,164,7000.4%Retail/Wholesale
AT&T Inc. stock logo
T
AT&T
$628,836,797$43,169,798 7.4%21,728,9840.4%Computer and Technology
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$603,005,337$38,210,532 6.8%7,617,5510.4%Medical
RTX Corporation stock logo
RTX
RTX
$590,122,454$41,966,148 7.7%4,041,3810.4%Aerospace
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$589,328,145$43,418,459 8.0%1,084,5000.4%Medical
Booking Holdings Inc. stock logo
BKNG
Booking
$574,778,904$34,156,516 6.3%99,2840.3%Retail/Wholesale
Texas Instruments Incorporated stock logo
TXN
Texas Instruments
$571,889,290$37,724,554 7.1%2,754,5000.3%Computer and Technology
Accenture PLC stock logo
ACN
Accenture
$566,396,550$39,124,701 7.4%1,895,0000.3%Computer and Technology
Caterpillar Inc. stock logo
CAT
Caterpillar
$561,662,228$33,075,492 6.3%1,446,8000.3%Industrials
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$552,748,201$39,016,559 7.6%12,774,3980.3%Computer and Technology
PepsiCo, Inc. stock logo
PEP
PepsiCo
$548,111,244$37,182,464 7.3%4,151,1000.3%Consumer Staples
American Express Company stock logo
AXP
American Express
$541,589,443$34,609,330 6.8%1,697,8790.3%Finance
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$533,186,554$34,145,344 6.8%3,347,9000.3%Computer and Technology
Uber Technologies, Inc. stock logo
UBER
Uber Technologies
$531,567,420$32,878,920 6.6%5,697,4000.3%Computer and Technology
Adobe Inc. stock logo
ADBE
Adobe
$499,152,576$24,180,000 5.1%1,290,2000.3%Computer and Technology
Boston Scientific Corporation stock logo
BSX
Boston Scientific
$480,896,052$34,414,164 7.7%4,477,2000.3%Medical
The Boeing Company stock logo
BA
Boeing
$477,246,481$35,096,275 7.9%2,277,7000.3%Aerospace
The Progressive Corporation stock logo
PGR
Progressive
$473,569,756$32,663,664 7.4%1,774,6000.3%Finance
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$463,319,142$25,949,440 5.9%1,142,7000.3%Medical
Honeywell International Inc. stock logo
HON
Honeywell International
$457,353,032$30,251,112 7.1%1,963,9000.3%Multi-Sector Conglomerates
Amgen Inc. stock logo
AMGN
Amgen
$454,423,489$31,131,915 7.4%1,627,5330.3%Medical
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$450,242,358$30,115,015 7.2%2,459,4000.3%Computer and Technology
GE VERNOVA INC
$437,853,105$26,510,415 6.4%827,4650.3%COM
NextEra Energy, Inc. stock logo
NEE
NextEra Energy
$432,590,730$29,947,788 7.4%6,231,5000.3%Utilities
Shopify Inc. stock logo
SHOP
Shopify
$425,210,939$28,631,567 7.2%3,700,9000.3%Computer and Technology
Eaton Corporation, PLC stock logo
ETN
Eaton
$423,354,441$25,453,387 6.4%1,185,9000.3%Industrials
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$418,390,119$28,682,069 7.4%3,773,7000.3%Medical
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$417,606,133$26,068,739 6.7%3,381,7000.3%Retail/Wholesale
Union Pacific Corporation stock logo
UNP
Union Pacific
$417,434,144$24,020,352 6.1%1,814,3000.3%Transportation
Micron Technology, Inc. stock logo
MU
Micron Technology
$416,967,075$29,653,950 7.7%3,383,1000.2%Computer and Technology
Pfizer Inc. stock logo
PFE
Pfizer
$416,152,611$28,724,400 7.4%17,168,0120.2%Medical
Capital One Financial Corporation stock logo
COF
Capital One Financial
$411,800,384$183,062,108 80.0%1,935,5160.2%Finance
Stryker Corporation stock logo
SYK
Stryker
$411,415,637$28,604,049 7.5%1,039,9000.2%Medical
Palo Alto Networks, Inc. stock logo
PANW
Palo Alto Networks
$410,139,488$31,412,240 8.3%2,004,2000.2%Computer and Technology
Comcast Corporation stock logo
CMCSA
Comcast
$407,476,299$23,252,035 6.1%11,417,1000.2%Consumer Discretionary
Deere & Company stock logo
DE
Deere & Company
$396,927,294$25,932,990 7.0%780,6000.2%Industrials
Danaher Corporation stock logo
DHR
Danaher
$385,046,548$22,894,886 6.3%1,949,2080.2%Medical
CrowdStrike stock logo
CRWD
CrowdStrike
$382,135,293$28,368,567 8.0%750,3000.2%Computer and Technology
Automatic Data Processing, Inc. stock logo
ADP
Automatic Data Processing
$379,825,440$25,443,000 7.2%1,231,6000.2%Computer and Technology
LAM RESEARCH CORP
$378,234,038$24,987,178 7.1%3,885,7000.2%COM NEW
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$375,936,528$22,608,553 6.4%1,694,4000.2%Retail/Wholesale
Spotify Technology stock logo
SPOT
Spotify Technology
$371,469,294$41,282,892 12.5%484,1000.2%Computer and Technology
Amphenol Corporation stock logo
APH
Amphenol
$362,234,750$26,455,125 7.9%3,668,2000.2%Computer and Technology
MercadoLibre, Inc. stock logo
MELI
MercadoLibre
$361,203,666$25,090,848 7.5%138,2000.2%Retail/Wholesale
KLA Corporation stock logo
KLAC
KLA
$360,356,202$22,483,074 6.7%402,3000.2%Computer and Technology
Analog Devices, Inc. stock logo
ADI
Analog Devices
$357,333,476$24,301,842 7.3%1,501,2750.2%Computer and Technology
Vertex Pharmaceuticals Incorporated stock logo
VRTX
Vertex Pharmaceuticals
$346,499,160$23,194,920 7.2%778,3000.2%Medical
ConocoPhillips stock logo
COP
ConocoPhillips
$343,423,314$16,018,590 4.9%3,826,8700.2%Energy
Medtronic PLC stock logo
MDT
Medtronic
$338,425,844$23,169,786 7.3%3,882,3660.2%Medical
T-Mobile US, Inc. stock logo
TMUS
T-Mobile US
$335,351,427$15,582,204 -4.4%1,407,5020.2%Computer and Technology
Chubb Limited stock logo
CB
Chubb
$333,957,637$21,062,644 6.7%1,152,6910.2%Finance
ARISTA NETWORKS INC
$331,985,719$22,999,288 7.4%3,244,9000.2%COM SHS
Marsh & McLennan Companies, Inc. stock logo
MMC
Marsh & McLennan Companies
$326,123,424$23,285,160 7.7%1,491,6000.2%Finance
Starbucks Corporation stock logo
SBUX
Starbucks
$315,069,755$22,055,341 7.5%3,438,5000.2%Retail/Wholesale
American Tower Corporation stock logo
AMT
American Tower
$313,207,442$21,925,184 7.5%1,417,1000.2%Finance
Constellation Energy Corporation stock logo
CEG
Constellation Energy
$306,122,045$21,366,712 7.5%948,4510.2%Energy
Southern Company (The) stock logo
SO
Southern
$304,893,966$21,111,717 7.4%3,320,2000.2%Utilities
MicroStrategy Incorporated stock logo
MSTR
MicroStrategy
$302,889,539$44,263,185 17.1%749,3000.2%Computer and Technology
Welltower Inc. stock logo
WELL
Welltower
$301,756,617$31,760,618 11.8%1,962,9000.2%Finance
Altria Group, Inc. stock logo
MO
Altria Group
$299,288,561$19,037,161 6.8%5,104,7000.2%Consumer Staples
Enbridge Inc stock logo
ENB
Enbridge
$299,147,852$19,152,890 6.8%6,622,4310.2%Energy
Trane Technologies plc stock logo
TT
Trane Technologies
$297,002,702$19,421,004 7.0%679,0030.2%Construction
Intel Corporation stock logo
INTC
Intel
$295,677,760$23,197,440 8.5%13,199,9000.2%Computer and Technology
Prologis, Inc. stock logo
PLD
Prologis
$294,967,561$20,372,256 7.4%2,806,0080.2%Finance

Showing largest 100 holdings. View all holdings.
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