1y return+18.0%S&P 500 +20.9%
3y return+60.8%S&P 500 +68.5%
5y return+61.5%S&P 500 +74.5%
10y return+221.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $322 against $357 in the S&P 500.2
Swiss National BankS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $13.0B | 6.8% | −8.7% |
| AAPLApple Inc | $12.0B | 6.3% | −4.0% |
| MSFTMicrosoft Corp | $7.4B | 3.9% | −4.0% |
| AMZNAmazon Com Inc | $6.5B | 3.4% | −3.3% |
| GOOGLAlphabet Inc | $5.9B | 3.1% | −3.9% |
| AVGOBroadcom Inc | $4.8B | 2.5% | −4.0% |
| GOOGAlphabet Inc | $4.6B | 2.4% | −8.7% |
| MUMicron Technology Inc | $3.7B | 1.9% | −3.7% |
| METAMeta Platforms Inc | $3.5B | 1.8% | −3.1% |
| TSLATesla Inc | $3.3B | 1.7% | −4.3% |
| LLYEli Lilly & Co | $2.7B | 1.4% | −4.0% |
| AMDAdvanced Micro Devices Inc | $2.7B | 1.4% | −3.8% |
| BRK/BBerkshire Hathaway Inc Del | $2.0B | 1.0% | −2.8% |
| INTCIntel Corp | $1.7B | 0.9% | −6.6% |
| JNJJohnson & Johnson | $1.7B | 0.9% | −3.9% |
| VVisa Inc | $1.6B | 0.8% | −4.2% |
| AMATApplied Matls Inc | $1.6B | 0.8% | −3.8% |
| Exxon Mobil CorpCUSIP 30231G102 | $1.6B | 0.8% | −5.3% |
| LRCXLam Research Corp | $1.5B | 0.8% | −4.5% |
| WMTWalmart Inc | $1.4B | 0.7% | −3.9% |
| CATCaterpillar Inc | $1.4B | 0.7% | −4.4% |
| CSCOCisco Sys Inc | $1.3B | 0.7% | −3.9% |
| ABBVAbbvie Inc | $1.3B | 0.7% | −3.8% |
| MAMastercard Incorporated | $1.2B | 0.6% | −7.1% |
| COSTCostco Wholesale Corporation | $1.2B | 0.6% | −3.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $13.0B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $4.8B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $1.6B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $2.7B |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $780.0M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $1.4B |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $2.7B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $893.2M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.5B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $5.9B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $421.2M
- Carnival CorpCUSIP 143658300 was $84.5M
- CTRACoterra Energy Inc was $78.5M
- Dupont De Nemours IncCUSIP 26614N102 was $56.3M
- Hologic IncCUSIP 436440101 was $50.2M
- Thomson Reuters CorpCUSIP 884903808 was $47.7M
- Masimo CorpCUSIP 574795100 was $16.1M
- Air Lease CorpCUSIP 00912X302 was $13.6M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $13.5M
- Sealed Air Corp NewCUSIP 81211K100 was $12.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.7% | +14.8% |
| March 31, 2026 | −4.1% | −4.6% |
| December 31, 2025 | +2.0% | +2.4% |
| September 30, 2025 | +8.0% | +7.8% |
| June 30, 2025 | +10.6% | +10.5% |
| March 31, 2025 | −4.9% | −4.6% |
| December 31, 2024 | +1.7% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +3.0% | +4.0% |
| March 31, 2024 | +9.5% | +10.0% |
| December 31, 2023 | +10.9% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +8.1% | +8.3% |
| March 31, 2023 | +8.0% | +7.0% |
| December 31, 2022 | +6.3% | +7.1% |
| September 30, 2022 | −5.2% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −5.7% | −4.9% |
| December 31, 2021 | +9.5% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Swiss National Bank Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1582202&type=13F-HR&dateb=&owner=include&count=40CIK 1582202
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1582202/000158220226000007/Filed August 11, 2026 · accession 0001582202-26-000007