Generalist · Zurich, Switzerland
Swiss National Bank
Q3 2025 · compared with Q2 2025
- Software
- $23.2B
- Weight of 13F
- 13.5%
- Names
- 184
- Net bought
- −$920M
Filed 13 November 2025 · SEC filing.
2,315 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 2026181 names$17.0B−$877M
- Q1 2026185 names$16.8B+$1.6B
- Q4 2025188 names$20.3B+$1.1B
- Q3 2025184 names$23.2B−$920M
- Q2 2025183 names$23.3B+$1.3B
- Q1 2025188 names$17.3B+$50.3M
- Q4 2024187 names$19.1B−$529M
- Q3 2024186 names$19.0B+$77.3M
- Q2 2024181 names$18.7B−$145M
- Q1 2024185 names$18.5B−$608M
- Q4 2023180 names$17.6B−$419M
- Q3 2023184 names$15.3B−$1.9B
- Q2 2023182 names$18.0B−$1.3B
- Q1 2023182 names$16.8B−$294M
- Q4 2022182 names$14.5B−$883M
- Q3 2022179 names$15.0B+$5.8M
- Q2 2022178 names$16.2B+$4.1B
- Q1 2022159 names$20.3B+$3.0B
- Q4 2021158 names$20.3B−$693M
- Q3 2021145 names$19.5B−$147M
- Q2 2021143 names$19.1B+$2.7B
- Q1 2021127 names$16.3B+$480M
- Q4 2020126 names$15.7B−$259M
- Q3 2020117 names$14.5B+$31.8M
- Q2 2020115 names$13.3B+$472M
- Q1 2020107 names$9.5B+$1.9B
- Q4 2019107 names$8.4B−$248M
- Q3 201997 names$7.9B+$132M
- Q2 201997 names$7.8B−$6.6M
- Q1 201985 names$7.2B+$135M
- Q4 201885 names$5.8B+$118M
- Q3 201883 names$6.6B−$156M
- Q2 201883 names$5.9B+$192M
- Q1 201882 names$5.3B−$424M
- Q4 201782 names$5.5B+$28.1M
- Q3 201782 names$5.0B+$51.8M
- Q2 201782 names$4.6B+$105M
- Q1 201779 names$4.3B+$743M
- Q4 201679 names$3.2B+$3.4M
- Q3 201677 names$3.1B−$42.9M
- Q2 201677 names$3.0B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT20,353,870 shares · 45.4% of their software · price +$418M$10.5B−$509M
- OracleORCL4,883,400 shares · 5.9% of their software · price +$306M$1.4B−$45.9M
- PalantirPLTR6,527,000 shares · 5.1% of their software · price +$301M$1.2BFlat
- SalesforceCRM2,755,777 shares · 2.8% of their software · price −$98.4M$653M−$41.8M
- Uber Technologies, Inc.UBER5,726,600 shares · 2.4% of their software · price +$26.7M$561MFlat
- ServiceNowNOW597,100 shares · 2.4% of their software · price −$64.4M$549M−$30.3M
- IntuitINTU804,100 shares · 2.4% of their software · price −$84.2M$549M−$33.2M
- ShopifySHOP3,510,500 shares · 2.2% of their software · price +$117M$522M−$22.0M
- AppLovinAPP665,290 shares · 2.1% of their software · price +$245M$478M−$12.9M
- AdobeADBE1,222,800 shares · 1.9% of their software · price −$41.7M$431M−$26.1M
- Palo Alto NetworksPANW1,922,100 shares · 1.7% of their software · price −$2.0M$391M−$16.8M
- CrowdStrikeCRWD718,500 shares · 1.5% of their software · price −$13.6M$352M−$16.2M
- Automatic Data Processing, Inc.ADP1,170,200 shares · 1.5% of their software · price −$17.4M$343M−$18.9M
- CadenceCDNS787,100 shares · 1.2% of their software · price +$33.9M$276M−$13.3M
- SynopsysSNPS534,375 shares · 1.1% of their software · price −$10.3M$264M+$34.0M
- Strategy IncMSTR752,500 shares · 1.0% of their software · price −$61.7M$242MFlat
- SnowflakeSNOW913,700 shares · 0.9% of their software · price +$1.6M$206M−$10.5M
- Fiserv, Inc.FISV1,598,186 shares · 0.9% of their software · price −$69.5M$206M−$16.0M
- AutodeskADSK616,900 shares · 0.8% of their software · price +$5.0M$196M−$8.6M
- CloudflareNET895,200 shares · 0.8% of their software · price +$16.8M$192M−$7.7M
- FortinetFTNT1,875,400 shares · 0.7% of their software · price −$40.6M$158M−$11.0M
- Roper Technologies, Inc.ROP309,900 shares · 0.7% of their software · price −$21.1M$155M−$8.6M
- WorkdayWDAY622,600 shares · 0.6% of their software$150M−$7.0M
- VeevaVEEV447,500 shares · 0.6% of their software · price +$4.4M$133M−$5.9M
- Paychex, Inc.PAYX934,500 shares · 0.5% of their software · price −$17.5M$118M−$6.8M
- DatadogDDOG828,800 shares · 0.5% of their software · price +$6.7M$118M−$5.5M
- Block, Inc.XYZ1,599,786 shares · 0.5% of their software · price +$6.9M$116M−$6.4M
- Fair IsaacFICO70,200 shares · 0.5% of their software · price −$23.3M$105M−$6.8M
- CoStarCSGP1,216,165 shares · 0.4% of their software · price +$4.8M$103M−$4.9M
- VeriskVRSK403,300 shares · 0.4% of their software · price −$24.2M$101M−$6.3M
- ZscalerZS291,700 shares · 0.4% of their software · price −$4.2M$87.4M−$4.0M
- BroadridgeBR338,600 shares · 0.3% of their software · price −$1.6M$80.6M−$3.8M
- AtlassianTEAM479,867 shares · 0.3% of their software · price −$20.8M$76.6M−$3.4M
- MongoDBMDB235,500 shares · 0.3% of their software · price +$23.6M$73.1M−$2.1M
- PTCPTC345,800 shares · 0.3% of their software · price +$10.6M$70.2M−$3.2M
- NetApp, Inc.NTAP577,500 shares · 0.3% of their software · price +$6.9M$68.4M−$5.0M
- VeriSign, Inc.VRSN243,600 shares · 0.3% of their software · price −$2.2M$68.1M−$3.7M
- HubSpotHUBS144,500 shares · 0.3% of their software · price −$12.8M$67.6M−$3.1M
- Tyler TechnologiesTYL124,300 shares · 0.3% of their software · price −$8.7M$65.0M−$3.6M
- The Trade DeskTTD1,287,400 shares · 0.3% of their software · price −$29.6M$63.1M−$5.9M
- ZoomZM712,700 shares · 0.3% of their software · price +$3.2M$58.8M−$3.7M
- SS&CSSNC639,800 shares · 0.2% of their software · price +$3.8M$56.8M−$2.6M
- GoDaddyGDDY410,700 shares · 0.2% of their software · price −$17.8M$56.2M−$3.1M
- TrimbleTRMB687,700 shares · 0.2% of their software · price +$3.9M$56.2M−$4.3M
- Corpay, Inc.CPAY193,100 shares · 0.2% of their software · price −$8.5M$55.6M−$3.0M
- NutanixNTNX734,100 shares · 0.2% of their software · price −$1.5M$54.6M−$2.5M
- Check PointCHKP259,100 shares · 0.2% of their software · price −$3.7M$53.6M−$3.1M
- F5, Inc.FFIV165,500 shares · 0.2% of their software · price +$4.8M$53.5M−$2.6M
- ToastTOST1,292,000 shares · 0.2% of their software · price −$10.1M$47.2M−$2.4M
- OktaOKTA481,900 shares · 0.2% of their software · price −$4.0M$44.2M−$2.0M
- TwilioTWLO440,100 shares · 0.2% of their software · price −$10.7M$44.0MFlat
- Gen DigitalGEN1,519,675 shares · 0.2% of their software · price −$1.5M$43.1M−$1.9M
- Grab Holdings LimitedGRAB7,095,000 shares · 0.2% of their software · price +$7.0M$42.7M−$1.9M
- DynatraceDT869,801 shares · 0.2% of their software · price −$5.9M$42.1M−$2.0M
- DocuSignDOCU582,400 shares · 0.2% of their software · price −$3.4M$42.0M−$2.4M
- GuidewireGWRE155,100 shares · 0.2% of their software · price −$867K$35.7M+$683K
- AkamaiAKAM421,400 shares · 0.1% of their software · price −$1.7M$31.9M−$1.7M
- PaycomPAYC150,000 shares · 0.1% of their software · price −$3.5M$31.2M−$1.8M
- SamsaraIOT817,200 shares · 0.1% of their software · price −$2.1M$30.4M−$1.8M
- WixWIX166,400 shares · 0.1% of their software · price +$3.2M$29.6MFlat
- OpenTextOTEX738,000 shares · 0.1% of their software · price +$6.0M$27.6M−$1.5M
- UnityU604,600 shares · 0.1% of their software · price +$9.6M$24.2MFlat
- Manhattan AssociatesMANH117,620 shares · 0.1% of their software · price +$883K$24.1MFlat
- Bentley SystemsBSY462,500 shares · 0.1% of their software · price −$1.2M$23.8M−$1.2M
- monday.comMNDY121,400 shares · 0.1% of their software · price −$14.7M$23.5M−$2.1M
- DescartesDSGX246,924 shares · 0.1% of their software · price −$1.8M$23.3M−$1.3M
- DuolingoDUOL68,500 shares · 0.1% of their software · price −$6.0M$22.0M+$574K
- Rubrik, Inc.RBRK226,300 shares · 0.1% of their software · price −$1.7M$18.6M+$4.0M
- Lyft, Inc.LYFT799,000 shares · 0.1% of their software · price +$5.0M$17.6MFlat
- DoximityDOCS238,900 shares · 0.1% of their software · price +$2.8M$17.5M+$570K
- InterDigital, Inc.IDCC50,300 shares · 0.1% of their software · price +$6.1M$17.4MFlat
- CommvaultCVLT86,300 shares · 0.1% of their software · price +$1.2M$16.3MFlat
- ProcorePCOR216,800 shares · 0.1% of their software · price +$976K$15.8MFlat
- Life360, Inc.LIF140,935 shares · 0.1% of their software · price +$5.8M$15.0MFlat
- ElasticESTC173,900 shares · 0.1% of their software$14.7MFlat
- PaylocityPCTY85,700 shares · 0.1% of their software · price −$1.9M$13.6MFlat
- VaronisVRNS216,954 shares · 0.1% of their software · price +$1.5M$12.5MFlat
- MorningstarMORN53,300 shares · 0.1% of their software · price −$4.4M$12.4MFlat
- AppFolioAPPF42,400 shares · 0.1% of their software · price +$1.9M$11.7MFlat
- DropboxDBX381,200 shares · 0.0% of their software · price +$614K$11.5MFlat
- SoundHound AI, Inc.SOUN715,900 shares · 0.0% of their software · price +$3.8M$11.5MFlat
- GitLabGTLB255,100 shares · 0.0% of their software$11.5M+$916K
- ACI WorldwideACIW203,300 shares · 0.0% of their software · price +$1.4M$10.7MFlat
- UiPathPATH798,500 shares · 0.0% of their software$10.7MFlat
- PegasystemsPEGA182,500 shares · 0.0% of their software · price +$615K$10.5MFlat
- SentinelOneS586,500 shares · 0.0% of their software$10.3MFlat
- BILLBILL189,700 shares · 0.0% of their software · price +$1.3M$10.0MFlat
- Core Scientific, Inc.CORZ559,400 shares · 0.0% of their software$10.0MFlat
- WEX Inc.WEX63,126 shares · 0.0% of their software · price +$672K$9.9MFlat
- QualysQLYS70,400 shares · 0.0% of their software · price −$742K$9.3MFlat
- BoxBOX280,700 shares · 0.0% of their software · price −$533K$9.1MFlat
- Clearwater AnalyticsCWAN498,796 shares · 0.0% of their software$9.0M—
- Shift4 Payments, Inc.FOUR115,800 shares · 0.0% of their software · price −$2.5M$9.0MFlat
- JFrogFROG188,800 shares · 0.0% of their software · price +$651K$8.9MFlat
- Q2QTWO120,700 shares · 0.0% of their software · price −$2.6M$8.7MFlat
- CCC Intelligent Solutions Holdings Inc.CCC958,400 shares · 0.0% of their software$8.7MFlat
- WaystarWAY218,000 shares · 0.0% of their software · price −$643K$8.3M+$3.5M
- WorkivaWK95,521 shares · 0.0% of their software · price +$1.7M$8.2MFlat
- Global-EGLBE214,700 shares · 0.0% of their software$7.7MFlat
- SPS CommerceSPSC73,600 shares · 0.0% of their software · price −$2.4M$7.7MFlat
- Calix, Inc.CALX119,300 shares · 0.0% of their software · price +$976K$7.3MFlat
- Euronet Worldwide, Inc.EEFT79,600 shares · 0.0% of their software · price −$1.1M$7.0MFlat
- Zeta GlobalZETA348,500 shares · 0.0% of their software · price +$1.5M$6.9MFlat
- TenableTENB236,900 shares · 0.0% of their software · price −$1.1M$6.9MFlat
- MagniteMGNI272,600 shares · 0.0% of their software · price −$638K$5.9MFlat
- ZoomInfoZI542,100 shares · 0.0% of their software$5.9M—
- NCR Atleos CorporationNATL140,180 shares · 0.0% of their software · price +$1.5M$5.5MFlat
- KlaviyoKVYO198,700 shares · 0.0% of their software · price −$1.2M$5.5M+$574K
- nCinoNCNO202,200 shares · 0.0% of their software$5.5MFlat
- Remitly Global, Inc.RELY336,000 shares · 0.0% of their software · price −$830K$5.5M+$905K
- BlackLineBL102,400 shares · 0.0% of their software$5.4MFlat
- Agilysys, Inc.AGYS51,600 shares · 0.0% of their software$5.4MFlat
- BlackBerry LimitedBB1,089,850 shares · 0.0% of their software$5.3MFlat
- Clear Secure, Inc.YOU152,100 shares · 0.0% of their software · price +$855K$5.1MFlat
- Alarm.com Holdings, Inc.ALRM91,600 shares · 0.0% of their software$4.9MFlat
- BlackbaudBLKB75,253 shares · 0.0% of their software$4.8MFlat
- DigitalOceanDOCN132,300 shares · 0.0% of their software · price +$741K$4.5MFlat
- Intapp, Inc.INTA109,800 shares · 0.0% of their software · price −$1.2M$4.5MFlat
- FreshworksFRSH374,700 shares · 0.0% of their software · price −$1.2M$4.4MFlat
- EVERTEC, Inc.EVTC123,974 shares · 0.0% of their software$4.2MFlat
- C3.aiAI241,100 shares · 0.0% of their software · price −$1.7M$4.2MFlat
- BrazeBRZE142,500 shares · 0.0% of their software$4.1MFlat
- RingCentralRNG139,700 shares · 0.0% of their software$4.0MFlat
- Cellebrite DI Ltd.CLBT210,100 shares · 0.0% of their software · price +$532K$3.9MFlat
- ProgressPRGS83,600 shares · 0.0% of their software · price −$1.7M$3.7MFlat
- ePlus inc.PLUS51,456 shares · 0.0% of their software$3.7MFlat
- Dave Inc.DAVE18,300 shares · 0.0% of their software · price −$1.3M$3.6MFlat
- TeradataTDC166,759 shares · 0.0% of their software$3.6MFlat
- NetScout Systems, Inc.NTCT138,328 shares · 0.0% of their software$3.6MFlat
- AvePointAVPT236,400 shares · 0.0% of their software · price −$1.0M$3.5MFlat
- Adeia Inc.ADEA210,246 shares · 0.0% of their software · price +$559K$3.5MFlat
- VertexVERX142,000 shares · 0.0% of their software · price −$1.5M$3.5MFlat
- AlkamiALKT139,800 shares · 0.0% of their software · price −$741K$3.5MFlat
- LiveRamp Holdings, Inc.RAMP127,800 shares · 0.0% of their software · price −$754K$3.5MFlat
- Payoneer Global Inc.PAYO562,700 shares · 0.0% of their software$3.4MFlat
- Five9FIVN140,500 shares · 0.0% of their software$3.4MFlat
- DoubleVerifyDV267,700 shares · 0.0% of their software · price −$800K$3.2MFlat
- CourseraCOUR265,900 shares · 0.0% of their software · price +$784K$3.1MFlat
- PAR Technology CorporationPAR78,500 shares · 0.0% of their software · price −$2.3M$3.1MFlat
- Bitdeer Technologies GroupBTDR178,100 shares · 0.0% of their software · price +$999K$3.0MFlat
- CertaraCERT235,900 shares · 0.0% of their software$2.9MFlat
- FlywireFLYW209,200 shares · 0.0% of their software$2.8MFlat
- PagerDutyPD169,700 shares · 0.0% of their software$2.8MFlat
- LightspeedLSPD242,300 shares · 0.0% of their software$2.8MFlat
- Pagaya Technologies Ltd.PGY91,683 shares · 0.0% of their software · price +$767K$2.7MFlat
- PhreesiaPHR115,300 shares · 0.0% of their software · price −$570K$2.7MFlat
- Alight, Inc.ALIT814,200 shares · 0.0% of their software · price −$2.0M$2.7MFlat
- Donnelley Financial Solutions, Inc.DFIN50,900 shares · 0.0% of their software · price −$520K$2.6MFlat
- A10 Networks, Inc.ATEN139,800 shares · 0.0% of their software$2.5MFlat
- SchrödingerSDGR124,400 shares · 0.0% of their software$2.5MFlat
- Upbound Group, Inc.UPBD100,900 shares · 0.0% of their software$2.4MFlat
- FastlyFSLY266,600 shares · 0.0% of their software$2.3MFlat
- AsanaASAN166,100 shares · 0.0% of their software$2.2MFlat
- Rapid7RPD112,000 shares · 0.0% of their software$2.1MFlat
- NextNav Inc.NN141,200 shares · 0.0% of their software$2.0MFlat
- AppianAPPN62,700 shares · 0.0% of their software$1.9MFlat
- PaymentusPAY61,400 shares · 0.0% of their software$1.9MFlat
- AmplitudeAMPL172,400 shares · 0.0% of their software$1.8MFlat
- SprinklrCXM235,200 shares · 0.0% of their software$1.8MFlat
- Radware Ltd.RDWR65,600 shares · 0.0% of their software$1.7MFlat
- YextYEXT201,600 shares · 0.0% of their software$1.7MFlat
- Diebold Nixdorf, IncorporatedDBD28,700 shares · 0.0% of their software$1.6MFlat
- PDF Solutions, Inc.PDFS60,100 shares · 0.0% of their software$1.6MFlat
- i3 Verticals, Inc.IIIV45,000 shares · 0.0% of their software$1.5MFlat
- Blend Labs, Inc.BLND395,100 shares · 0.0% of their software$1.4MFlat
- GigaCloud Technology Inc.GCT49,500 shares · 0.0% of their software$1.4MFlat
- Nayax Ltd.NYAX28,152 shares · 0.0% of their software$1.3MFlat
- Sabre CorporationSABR714,300 shares · 0.0% of their software · price −$950K$1.3MFlat
- Sprout SocialSPT100,541 shares · 0.0% of their software · price −$803K$1.3MFlat
- PowerFleet, Inc.AIOT230,500 shares · 0.0% of their software$1.2MFlat
- Daily Journal CorporationDJCO2,542 shares · 0.0% of their software$1.2MFlat
- Grindr Inc.GRND76,100 shares · 0.0% of their software · price −$584K$1.1MFlat
- N-ableNABL145,350 shares · 0.0% of their software$1.1MFlat
- OneSpan Inc.OSPN69,300 shares · 0.0% of their software$1.1MFlat
- Thryv Holdings, Inc.THRY80,600 shares · 0.0% of their software$972KFlat
- SimilarwebSMWB87,474 shares · 0.0% of their software$814KFlat
- DoceboDCBO28,425 shares · 0.0% of their software$776KFlat
- Riskified Ltd.RSKD162,513 shares · 0.0% of their software$761KFlat
- Ibotta, Inc.IBTA27,000 shares · 0.0% of their software$752KFlat
- Ribbon Communications Inc.RBBN185,474 shares · 0.0% of their software$705KFlat
- SemrushSEMR86,300 shares · 0.0% of their software$611K—
- PubMaticPUBM73,200 shares · 0.0% of their software$606KFlat
- MNTN, Inc.MNTN27,300 shares · 0.0% of their software$506KNew · +$597K
- Aeva Technologies, Inc.AEVA32,000 shares · 0.0% of their software · price −$745K$464KNew · +$1.2M