Generalist · Zurich, Switzerland
Swiss National Bank
Q4 2025 · compared with Q3 2025
- Software
- $20.3B
- Weight of 13F
- 12.1%
- Names
- 188
- Net bought
- +$1.1B
Filed 12 February 2026 · SEC filing.
2,311 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
- MicrosoftMSFT19,350,650 shares · 46.1% of their software · price −$664M$9.4B−$520M
- PalantirPLTR6,236,100 shares · 5.5% of their software · price −$29.1M$1.1B−$53.1M
- OracleORCL4,687,220 shares · 4.5% of their software · price −$405M$914M−$55.2M
- SalesforceCRM2,608,877 shares · 3.4% of their software · price +$72.8M$691M−$34.8M
- ShopifySHOP3,239,200 shares · 2.6% of their software · price +$40.0M$523M−$40.3M
- IntuitINTU764,000 shares · 2.5% of their software · price −$15.7M$506M−$27.4M
- Uber Technologies, Inc.UBER5,428,900 shares · 2.2% of their software · price −$88.3M$444M−$29.2M
- ServiceNowNOW2,849,900 shares · 2.2% of their software · price −$2.2B$437M+$2.1B
- AppLovinAPP632,310 shares · 2.1% of their software · price −$28.3M$426M−$23.7M
- AdobeADBE1,147,060 shares · 2.0% of their software · price −$3.2M$401M−$26.7M
- Palo Alto NetworksPANW1,854,900 shares · 1.7% of their software · price −$36.0M$342M−$13.7M
- CrowdStrikeCRWD687,700 shares · 1.6% of their software · price −$14.9M$322M−$15.1M
- Automatic Data Processing, Inc.ADP1,110,080 shares · 1.4% of their software · price −$40.3M$286M−$17.6M
- SynopsysSNPS508,975 shares · 1.2% of their software · price −$12.0M$239M−$12.5M
- CadenceCDNS746,660 shares · 1.1% of their software · price −$28.9M$233M−$14.2M
- SnowflakeSNOW882,000 shares · 1.0% of their software · price −$5.5M$193M−$7.1M
- AutodeskADSK583,720 shares · 0.9% of their software · price −$12.6M$173M−$10.5M
- CloudflareNET857,400 shares · 0.8% of their software · price −$15.0M$169M−$8.1M
- FortinetFTNT1,784,800 shares · 0.7% of their software · price −$8.3M$142M−$7.6M
- Roper Technologies, Inc.ROP294,900 shares · 0.6% of their software · price −$15.8M$131M−$7.5M
- WorkdayWDAY594,700 shares · 0.6% of their software · price −$15.4M$128M−$6.7M
- DatadogDDOG841,500 shares · 0.6% of their software · price −$5.4M$114M+$1.8M
- Fair IsaacFICO65,780 shares · 0.5% of their software · price +$12.8M$111M−$6.6M
- Strategy IncMSTR715,380 shares · 0.5% of their software · price −$122M$109M−$12.0M
- Fiserv, Inc.FISV1,489,586 shares · 0.5% of their software · price −$92.0M$100M−$14.0M
- Paychex, Inc.PAYX887,600 shares · 0.5% of their software · price −$12.9M$99.6M−$5.9M
- Block, Inc.XYZ1,505,986 shares · 0.5% of their software · price −$10.8M$98.0M−$6.8M
- VeevaVEEV426,700 shares · 0.5% of their software · price −$31.9M$95.3M−$6.2M
- MongoDBMDB222,720 shares · 0.5% of their software · price +$24.3M$93.5M−$4.0M
- VeriskVRSK382,820 shares · 0.4% of their software · price −$10.7M$85.6M−$5.2M
- CoStarCSGP1,160,965 shares · 0.4% of their software · price −$19.9M$78.1M−$4.7M
- AtlassianTEAM455,767 shares · 0.4% of their software · price +$1.1M$73.9M−$3.8M
- BroadridgeBR320,000 shares · 0.4% of their software · price −$4.8M$71.4M−$4.4M
- ZscalerZS282,000 shares · 0.3% of their software · price −$21.1M$63.4M−$2.9M
- ZoomZM695,700 shares · 0.3% of their software · price +$2.6M$60.0M−$1.4M
- TwilioTWLO420,400 shares · 0.3% of their software · price +$17.7M$59.8M−$2.0M
- NetApp, Inc.NTAP545,900 shares · 0.3% of their software · price −$6.2M$58.5M−$3.7M
- PTCPTC328,200 shares · 0.3% of their software · price −$9.5M$57.2M−$3.6M
- VeriSign, Inc.VRSN230,280 shares · 0.3% of their software · price −$8.4M$55.9M−$3.7M
- Corpay, Inc.CPAY183,800 shares · 0.3% of their software · price +$2.4M$55.3M−$2.7M
- HubSpotHUBS137,220 shares · 0.3% of their software · price −$9.1M$55.1M−$3.4M
- Tyler TechnologiesTYL118,560 shares · 0.3% of their software · price −$8.2M$53.8M−$3.0M
- SS&CSSNC602,400 shares · 0.3% of their software · price −$807K$52.7M−$3.3M
- TrimbleTRMB652,200 shares · 0.3% of their software · price −$2.2M$51.1M−$2.9M
- GoDaddyGDDY379,400 shares · 0.2% of their software · price −$4.8M$47.1M−$4.3M
- The Trade DeskTTD1,221,000 shares · 0.2% of their software · price −$13.5M$46.3M−$3.3M
- Check PointCHKP246,100 shares · 0.2% of their software · price −$5.3M$45.7M−$2.7M
- ToastTOST1,257,800 shares · 0.2% of their software · price −$1.3M$44.7M−$1.2M
- F5, Inc.FFIV157,440 shares · 0.2% of their software · price −$10.7M$40.2M−$2.6M
- OktaOKTA461,600 shares · 0.2% of their software · price −$2.4M$39.9M−$1.9M
- Gen DigitalGEN1,436,875 shares · 0.2% of their software · price −$1.7M$39.1M−$2.4M
- DocuSignDOCU550,700 shares · 0.2% of their software · price −$2.0M$37.7M−$2.3M
- NutanixNTNX700,000 shares · 0.2% of their software · price −$15.9M$36.2M−$2.5M
- DynatraceDT826,001 shares · 0.2% of their software · price −$4.2M$35.8M−$2.1M
- Grab Holdings LimitedGRAB6,796,200 shares · 0.2% of their software · price −$7.0M$33.9M−$1.8M
- SamsaraIOT953,000 shares · 0.2% of their software · price −$1.7M$33.8M+$5.1M
- CoreWeave, Inc.CRWV471,468 shares · 0.2% of their software · price −$30.8M$33.8MNew · +$64.5M
- GuidewireGWRE166,800 shares · 0.2% of their software · price −$4.8M$33.5M+$2.7M
- UnityU624,800 shares · 0.1% of their software · price +$2.6M$27.6M+$809K
- AkamaiAKAM282,600 shares · 0.1% of their software · price +$3.2M$24.7M−$10.5M
- OpenTextOTEX670,500 shares · 0.1% of their software · price −$3.2M$21.9M−$2.5M
- FactSetFDS74,520 shares · 0.1% of their software$21.6MNew · +$21.3M
- Rubrik, Inc.RBRK276,900 shares · 0.1% of their software · price −$1.6M$21.2M+$4.2M
- PaycomPAYC132,200 shares · 0.1% of their software · price −$6.4M$21.1M−$3.7M
- Manhattan AssociatesMANH119,220 shares · 0.1% of their software · price −$3.8M$20.7MFlat
- DescartesDSGX227,824 shares · 0.1% of their software · price −$1.5M$20.0M−$1.8M
- monday.comMNDY123,700 shares · 0.1% of their software · price −$5.7M$18.3MFlat
- Bentley SystemsBSY437,600 shares · 0.1% of their software · price −$5.8M$16.7M−$1.3M
- InterDigital, Inc.IDCC50,900 shares · 0.1% of their software · price −$1.4M$16.2MFlat
- ProcorePCOR222,100 shares · 0.1% of their software$16.2MFlat
- WixWIX149,286 shares · 0.1% of their software · price −$11.0M$15.5M−$3.0M
- Lyft, Inc.LYFT761,400 shares · 0.1% of their software · price −$2.0M$14.7M−$828K
- Clearwater AnalyticsCWAN567,696 shares · 0.1% of their software$13.7M—
- ElasticESTC178,100 shares · 0.1% of their software · price −$1.6M$13.4MFlat
- PaylocityPCTY87,000 shares · 0.1% of their software · price −$589K$13.3MFlat
- UiPathPATH804,900 shares · 0.1% of their software · price +$2.4M$13.2MFlat
- DuolingoDUOL70,460 shares · 0.1% of their software · price −$10.3M$12.4M+$631K
- JFrogFROG195,600 shares · 0.1% of their software · price +$3.0M$12.2MFlat
- PegasystemsPEGA185,500 shares · 0.1% of their software$11.1MFlat
- CommvaultCVLT87,700 shares · 0.1% of their software · price −$5.6M$11.0MFlat
- MorningstarMORN50,000 shares · 0.1% of their software · price −$735K$10.9M−$766K
- DoximityDOCS242,100 shares · 0.1% of their software · price −$7.0M$10.7MFlat
- DropboxDBX365,500 shares · 0.1% of their software · price −$881K$10.2MFlat
- AppFolioAPPF42,840 shares · 0.0% of their software · price −$1.8M$10.0MFlat
- GitLabGTLB262,400 shares · 0.0% of their software · price −$2.0M$9.8MFlat
- Life360, Inc.LIF153,035 shares · 0.0% of their software · price −$6.5M$9.8M+$1.3M
- ACI WorldwideACIW203,300 shares · 0.0% of their software · price −$1.0M$9.7MFlat
- WEX Inc.WEX64,226 shares · 0.0% of their software · price −$549K$9.6MFlat
- QualysQLYS71,200 shares · 0.0% of their software$9.5MFlat
- BILLBILL170,400 shares · 0.0% of their software$9.3M−$1.0M
- SentinelOneS601,400 shares · 0.0% of their software · price −$1.6M$9.0MFlat
- Q2QTWO123,100 shares · 0.0% of their software$8.9MFlat
- CCC Intelligent Solutions Holdings Inc.CCC1,091,500 shares · 0.0% of their software · price −$1.3M$8.7M+$1.2M
- Global-EGLBE218,000 shares · 0.0% of their software · price +$774K$8.6MFlat
- BoxBOX285,600 shares · 0.0% of their software · price −$674K$8.5MFlat
- WorkivaWK97,721 shares · 0.0% of their software$8.4MFlat
- KlaviyoKVYO252,700 shares · 0.0% of their software · price +$1.2M$8.2M+$1.5M
- Shift4 Payments, Inc.FOUR119,400 shares · 0.0% of their software · price −$1.7M$7.5MFlat
- WaystarWAY225,900 shares · 0.0% of their software · price −$1.2M$7.4MFlat
- SoundHound AI, Inc.SOUN739,800 shares · 0.0% of their software · price −$4.5M$7.4MFlat
- Zeta GlobalZETA358,500 shares · 0.0% of their software$7.3MFlat
- VaronisVRNS220,954 shares · 0.0% of their software · price −$5.5M$7.2MFlat
- StoneCo Ltd.STNE487,788 shares · 0.0% of their software · price −$2.0M$7.2MNew · +$9.2M
- Core Scientific, Inc.CORZ484,900 shares · 0.0% of their software · price −$1.6M$7.1M−$1.3M
- SPS CommerceSPSC74,800 shares · 0.0% of their software · price −$1.1M$6.7MFlat
- DigitalOceanDOCN134,700 shares · 0.0% of their software · price +$1.9M$6.5MFlat
- Calix, Inc.CALX122,300 shares · 0.0% of their software · price −$1.0M$6.5MFlat
- Agilysys, Inc.AGYS52,600 shares · 0.0% of their software · price +$715K$6.3MFlat
- Euronet Worldwide, Inc.EEFT79,000 shares · 0.0% of their software · price −$924K$6.0MFlat
- BlackLineBL103,700 shares · 0.0% of their software$5.7MFlat
- TenableTENB238,800 shares · 0.0% of their software · price −$1.3M$5.6MFlat
- Clear Secure, Inc.YOU159,900 shares · 0.0% of their software$5.6MFlat
- ZoomInfoZI533,900 shares · 0.0% of their software$5.4M—
- BrazeBRZE156,400 shares · 0.0% of their software · price +$915K$5.4MFlat
- NCR Atleos CorporationNATL140,180 shares · 0.0% of their software$5.3MFlat
- nCinoNCNO205,500 shares · 0.0% of their software$5.3MFlat
- Intapp, Inc.INTA112,900 shares · 0.0% of their software · price +$555K$5.2MFlat
- TeradataTDC167,759 shares · 0.0% of their software · price +$1.5M$5.1MFlat
- ServiceTitanTTAN47,400 shares · 0.0% of their software$5.0MNew · +$4.8M
- BlackbaudBLKB76,553 shares · 0.0% of their software$4.8MFlat
- Dave Inc.DAVE21,600 shares · 0.0% of their software$4.8M+$658K
- Alarm.com Holdings, Inc.ALRM93,500 shares · 0.0% of their software$4.8MFlat
- Remitly Global, Inc.RELY345,500 shares · 0.0% of their software · price −$864K$4.8MFlat
- ePlus inc.PLUS52,556 shares · 0.0% of their software · price +$877K$4.6MFlat
- FreshworksFRSH374,700 shares · 0.0% of their software$4.6MFlat
- MagniteMGNI280,700 shares · 0.0% of their software · price −$1.6M$4.6MFlat
- RingCentralRNG151,300 shares · 0.0% of their software$4.4MFlat
- BlackBerry LimitedBB1,110,850 shares · 0.0% of their software · price −$1.2M$4.2MFlat
- Cellebrite DI Ltd.CLBT217,800 shares · 0.0% of their software$3.9MFlat
- NetScout Systems, Inc.NTCT141,828 shares · 0.0% of their software$3.8MFlat
- LiveRamp Holdings, Inc.RAMP129,500 shares · 0.0% of their software$3.8MFlat
- AvePointAVPT271,500 shares · 0.0% of their software$3.8M+$527K
- Adeia Inc.ADEA215,646 shares · 0.0% of their software$3.7MFlat
- EVERTEC, Inc.EVTC126,274 shares · 0.0% of their software · price −$592K$3.7MFlat
- ProgressPRGS84,600 shares · 0.0% of their software$3.6MFlat
- C3.aiAI251,700 shares · 0.0% of their software · price −$972K$3.4MFlat
- AlkamiALKT143,800 shares · 0.0% of their software$3.3MFlat
- Payoneer Global Inc.PAYO568,400 shares · 0.0% of their software$3.2MFlat
- DoubleVerifyDV274,100 shares · 0.0% of their software$3.1MFlat
- FlywireFLYW213,800 shares · 0.0% of their software$3.0MFlat
- LightspeedLSPD246,200 shares · 0.0% of their software$3.0MFlat
- PAR Technology CorporationPAR80,100 shares · 0.0% of their software$2.9MFlat
- VertexVERX144,900 shares · 0.0% of their software · price −$698K$2.9MFlat
- FastlyFSLY276,000 shares · 0.0% of their software$2.8MFlat
- Five9FIVN137,200 shares · 0.0% of their software · price −$569K$2.8MFlat
- AppianAPPN76,300 shares · 0.0% of their software$2.7MFlat
- PaymentusPAY80,500 shares · 0.0% of their software$2.5M+$584K
- A10 Networks, Inc.ATEN142,400 shares · 0.0% of their software$2.5MFlat
- NextNav Inc.NN146,100 shares · 0.0% of their software$2.4MFlat
- Donnelley Financial Solutions, Inc.DFIN51,600 shares · 0.0% of their software$2.4MFlat
- AsanaASAN170,000 shares · 0.0% of their software$2.3MFlat
- PagerDutyPD174,700 shares · 0.0% of their software · price −$596K$2.3MFlat
- SchrödingerSDGR127,200 shares · 0.0% of their software$2.3MFlat
- Bitdeer Technologies GroupBTDR198,700 shares · 0.0% of their software · price −$1.2M$2.2MFlat
- Pagaya Technologies Ltd.PGY100,983 shares · 0.0% of their software · price −$888K$2.1MFlat
- AmplitudeAMPL181,200 shares · 0.0% of their software$2.1MFlat
- CertaraCERT235,900 shares · 0.0% of their software · price −$804K$2.1MFlat
- CourseraCOUR274,300 shares · 0.0% of their software · price −$1.2M$2.0MFlat
- PhreesiaPHR118,200 shares · 0.0% of their software · price −$780K$2.0MFlat
- Diebold Nixdorf, IncorporatedDBD28,700 shares · 0.0% of their software$1.9MFlat
- GigaCloud Technology Inc.GCT49,500 shares · 0.0% of their software · price +$539K$1.9MFlat
- NIQ Global Intelligence plcNIQ116,300 shares · 0.0% of their software$1.9MNew · +$1.8M
- SprinklrCXM238,700 shares · 0.0% of their software$1.9MFlat
- Upbound Group, Inc.UPBD102,800 shares · 0.0% of their software · price −$624K$1.8MFlat
- PDF Solutions, Inc.PDFS62,400 shares · 0.0% of their software$1.8MFlat
- Rapid7RPD114,900 shares · 0.0% of their software$1.7MFlat
- YextYEXT206,500 shares · 0.0% of their software$1.7MFlat
- Radware Ltd.RDWR67,600 shares · 0.0% of their software$1.6MFlat
- Alight, Inc.ALIT834,200 shares · 0.0% of their software · price −$1.1M$1.6MFlat
- Nayax Ltd.NYAX28,986 shares · 0.0% of their software$1.5MFlat
- PowerFleet, Inc.AIOT236,800 shares · 0.0% of their software$1.3MFlat
- Daily Journal CorporationDJCO2,542 shares · 0.0% of their software$1.2MFlat
- Blend Labs, Inc.BLND403,300 shares · 0.0% of their software$1.2MFlat
- Sprout SocialSPT103,841 shares · 0.0% of their software$1.2MFlat
- i3 Verticals, Inc.IIIV45,000 shares · 0.0% of their software$1.1MFlat
- N-ableNABL145,350 shares · 0.0% of their software$1.1MFlat
- SemrushSEMR88,200 shares · 0.0% of their software$1.0M—
- Grindr Inc.GRND76,100 shares · 0.0% of their software$1.0MFlat
- Sabre CorporationSABR739,100 shares · 0.0% of their software$1.0MFlat
- BTQ Technologies Corp.BTQ191,900 shares · 0.0% of their software$993KNew · +$1.3M
- OneSpan Inc.OSPN71,800 shares · 0.0% of their software$922KFlat
- Riskified Ltd.RSKD167,513 shares · 0.0% of their software$833KFlat
- Ibotta, Inc.IBTA29,900 shares · 0.0% of their software$680KFlat
- SimilarwebSMWB87,474 shares · 0.0% of their software$655KFlat
- DoceboDCBO25,525 shares · 0.0% of their software$568KFlat
- Aeva Technologies, Inc.AEVA41,300 shares · 0.0% of their software$548KFlat
- Ribbon Communications Inc.RBBN185,474 shares · 0.0% of their software$534KFlat
- SuperX AI Technology LimitedSUPX19,700 shares · 0.0% of their software · price −$962K$309KNew · +$1.3M