SNB’s US Stock Portfolio Hit New Record in Second Quarter

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August 11, 2026 - 14:42

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(Bloomberg) — The value of the Swiss National Bank’s foreign-exchange reserves held in US stocks grew more than 10% in the second quarter, reaching its highest level on record.The central bank’s stakes in more than 2,300 companies listed in America were worth $191.4 billion as of June 30, according to its so-called 13F filing to the Securities and Exchange Commission, which was published Tuesday.The SNB holds just over a quarter of its foreign-currency reserves in equities, with part of that in the US.The three largest holdings are Nvidia Corp., Apple Inc. and Microsoft Corp. The central bank also owns a $716.6 million stake in defense software company Palantir Technologies Inc., despite protests against it.©2026 Bloomberg L.P.