13F Insight
DOSSIER · 13F-HR · Q3 2026

Swiss National Bank

$188.8B in tracked AUM across 2,300 positions as of Q3 2026.

SN
CIK 0001582202 · last filed Sep 30, 2026
Total AUM
$188.8B
as of Q3 2026
Holdings
2,300
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q3 2026

The Swiss National Bank reported $173.8B across 2,301 US equity positions for Q1 2026, up from $168.0B. As a central bank running a passive-style reserve allocation, the SNB added to 42 positions and reduced none — a near-pure accumulation quarter. NVIDIA (7.16%), Apple (6.30%) and Microsoft (4.41%) lead. New stakes include AstraZeneca ($1.2B), RTX ($759M), Verizon ($621M) and Intel ($585M), funded by sells of Salesforce (-$691M) and American Express (-$564M); Microsoft was the lone meaningful position trim.

A market-cap-weighted reserve. The top holdings mirror the US index almost exactly: NVIDIA (7.16%), Apple (6.30%), Microsoft (4.41%), Amazon (3.38%) and Alphabet (5.18% combined). This is reserve diversification expressed through broad equity ownership, not stock selection — the SNB holds the market because it holds dollars.

Broad accumulation. With no position reductions, the quarter was about adding. New stakes in AstraZeneca ($1.2B), RTX ($759M), Verizon ($621M), Intel ($585M) and KLA Corp ($568M) extend the book's breadth into telecom, defense and semiconductor equipment. Increases in Exxon Mobil (+$694M) and Johnson & Johnson (+$363M) lean defensive.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q3 2026. Methodology

Quarter at a glance — Q3 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q3 2026. Source: SEC EDGAR 13F-HR filings.

#HoldingValueSharesWeight
01
NVDA
NVIDIA CORPORATION
$14.4B62.9M7.6%02
AAPL
APPLE INC
$13.4B40.2M7.1%03
MSFT
MICROSOFT CORP
$9.9B19.3M5.2%04
AMZN
AMAZON COM INC
$6.6B26.5M3.5%05
GOOGL
ALPHABET INC
$5.5B16.0M2.9%06
GOOG
ALPHABET INC
$4.4B12.8M2.3%07
META
META PLATFORMS INC
$4.4B6.0M2.3%08
AVGO
BROADCOM INC
$4.3B12.4M2.3%09
MU
MICRON TECHNOLOGY INC
$3.3B3.1M1.7%10
TSLA
TESLA INC
$2.8B7.8M1.5%

Filing history

2026Q3Sep 30
$188.8B▼ 1.4%
2,300 positionsView →2026Q2Jun 30
$191.4B▲ 10.1%
2,301 positionsView →2026Q1Mar 31
$173.8B▲ 3.4%
2,301 positionsView →2025Q4Dec 31
$168.0B▼ 2.5%
2,311 positionsView →2025Q3Sep 30
$172.4B▲ 3.2%
2,315 positionsLocked2025Q2Jun 30
$166.9B▲ 17.9%
2,332 positionsLocked2025Q1Mar 31
$141.6B▼ 5.8%
2,397 positionsLocked2024Q4Dec 31
$150.3B▼ 2.4%
2,440 positionsLocked2024Q3Sep 30
$154.0B▲ 5.8%
2,465 positionsLocked2024Q2Jun 30
$145.5B▲ 2.0%
2,458 positionsLocked2024Q1Mar 31
$142.7B▲ 4.7%
2,505 positionsLocked2023Q4Dec 31
$136.3B▲ 6.9%
2,534 positionsLocked
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